The Competition Commission of India (CCI) granted approval on Tuesday for a proposed transaction involving two cement firms, Digvijay Cement and Hi-Bond, alongside the alternative investment fund, India Resurgence Fund (IndiaRF). The multi-layered deal will see IndiaRF acquire a stake in Digvijay Cement, while Digvijay Cement will subsequently purchase shares in Hi-Bond Cement (India). The CCI confirmed the approval in an official statement.
Infosys has announced its largest share buyback program to date, valued at ₹18,000 crore, set to open for subscription on Thursday and closing on November 26. The initiative aims to repurchase 10 crore fully paid equity shares, at a face value of ₹5 each, representing up to 2.41 percent of the company’s total paid-up equity. Eligible shareholders will be able to tender their shares between November 20 and November 26, 2025.
Bombay Burmah Trading Corporation confirmed the termination of its agreement with MSTC Ltd., which had authorized MSTC to act as a selling agent for the company’s immovable properties through e-auctions.
Vedanta Ltd announced on Tuesday that it has established a wholly-owned subsidiary within the International Financial Services Centre at Gujarat’s GIFT City, designed to enhance its treasury and capital market operations. This strategic move, outlined in a regulatory filing, aligns with the company’s broader goals of achieving financial excellence, capital efficiency, and improved liquidity management.
Hindustan Unilever Limited (HUL) revealed the appointment of Bobby Parikh, the former CEO of Ernst & Young India, as an Independent Director on its Board, effective December 1, 2025. His appointment, which is contingent on shareholder approval, will last for five years.
Choice International disclosed that its subsidiary, Choice Consultancy Services, has acquired a 100 percent stake in Ayoleeza Consultants, a firm specializing in consultancy services for railways, metros, roads, highways, and urban infrastructure. Ayoleeza currently manages live orders exceeding ₹200 crore, with around 69 percent of these projects functioning under time-based payment contracts, thereby ensuring consistent monthly revenue.
The Small Industries Development Bank of India (SIDBI), the principal financial body for the promotion and development of MSMEs and startups, signed a Memorandum of Understanding (MoU) with Bank of Baroda to jointly enhance credit availability, working capital access, and financial support for MSMEs and startups throughout India, aligned with the Viksit Bharat 2047 initiative.
Azad Engineering has entered into a Master Terms Agreement and Purchase Agreement with Pratt and Whitney Canada Corp for the development and manufacturing of aircraft engine components. This agreement aims to establish long-term collaboration that will enhance Azad’s aerospace manufacturing capabilities in line with national strategic objectives.
Indian Railways awarded a contract to ROQIT, a subsidiary of Aion-Tech Solutions Ltd, for the design and deployment of an AI-powered parcel logistics platform. Aion-Tech is also advancing sustainable multimodal transportation solutions through its subsidiary, ETO Motors.
Niraj Cement Structurals Ltd received a work order from the Municipal Corporation of Greater Mumbai (MCGM) for the reconstruction of approaches at Sion Railway Station ROB, valued at ₹19.57 crore, including GST.
Tata Consultancy Services (TCS) has been selected by the National Health Service (NHS) Supply Chain for application development support and maintenance of its core business systems and cloud infrastructure over the next five years, deploying various cloud and AI-enabled solutions to modernize its IT systems and enhance operational efficiency.
GR Infraprojects emerged as the lowest bidder for a ₹262.28-crore railway infrastructure project with Western Railway, involving gauge conversion of a 38.9 km track from Kosamba to Umarpada in the Vadodara division.
Published on November 19, 2025.
