Tata Consultancy Services on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to invest ₹18,000 crore. TPG will invest $1 billion, or around ₹8,870 crore, in the AI data centre business christened ‘Hypervault’, and will hold a stake between 27.5 per cent and 49 per cent in the venture. “Bringing in TPG as a strategic investment partner will help TCS drive stronger returns to its shareholders, reduce its capital outlay, and create long-term value for the data centre platform,” a statement said. TCS had last month announced its entry into the data centre segment and it plans to invest up to $6.5 billion to create over 1 GW of capacity.
Hyundai Motor India has further invested ₹21.46 crore as the second tranche and has been allotted 25,58,405 equity shares in FPEL TN Wind Farm by way of private placement on November 20, 2025. Post infusion of the second tranche, the company holds a 26.49 per cent stake in FPEL TN Wind Farm. The aggregate value of investment now stands at ₹38.05 crore in FPEL TN Wind Farm.
Reliance Industries (RIL) said it has stopped importing Russian crude oil with effect from Thursday, and that the country’s largest private sector refiner’s export cargoes will be processed from non-Russian crude from next month. “We have stopped importing Russian crude oil into our SEZ refinery with effect from November 20, 2025. From December 1, all product exports from the SEZ refinery will be obtained from non-Russian crude oil,” said a RIL spokesperson.
Zaggle Prepaid Ocean Services Ltd has signed an agreement with BIBA Fashion Ltd to provide its enterprise platform Zaggle Zoyer, strengthening its presence in the retail and fashion sector. The engagement will run for 36 months. Zaggle did not disclose the commercial value of the contract.
The board of NDL Ventures Limited (formerly NXTDIGITAL Limited) will meet on November 25 to consider a potential merger with Hinduja Leyland Finance Ltd. The potential merger, if approved, would involve the absorption of Hinduja Leyland Finance into NDL Ventures’ operations. This move could have significant implications for both companies’ operational structures and stakeholders.
Kesar India has executed an agreement for the sale of land in Nagpur to Godrej Properties for ₹115.71 crore. The proposal for the sale of the said land is pursuant to the approval of the shareholders of the company vide postal ballot dated November 8, it said.
PNB Housing Finance on Thursday said it has received a credit rating upgrade from India Ratings on its non-convertible debentures (NCDs) and bank loans. The rating has been upgraded from ‘IND AA+’ to ‘IND AAA’ with a stable outlook, PNB Housing Finance said in a statement.
JSW Energy has secured the approval of the creditors of Raigarh Champa Rail Infrastructure for its proposal to acquire the debt-laden entity currently under the insolvency process. JSW Energy had acquired KSK Mahanadi Power Company Ltd (KMPCL), a 3,600 MW thermal power plant in Chhattisgarh, for ₹16,084 crore through the insolvency process in March this year.
IRB Infrastructure Developers on Thursday said it has offered its Gandeva Ena project, which forms part of the upcoming Delhi-Mumbai Greenfield Expressway project, to IRB InvIT Fund. In a statement, IRB Infrastructure Developers said the project is a 27.5 km (220 lane km) stretch with a cost of ₹1,702 crore.
VIP Industries has agreed to sell its non-core asset ‘VIP House’ in Prabhadevi, Mumbai, to Kemp & Company Ltd, a promoter group company, for ₹40.71 crore. The transaction is classified as a related-party deal but does not qualify as a material related-party transaction under SEBI regulations. VIP Industries holds a 1.77 per cent stake in Kemp & Company. The sale is subject to Kemp & Company shareholders’ approval.
Alkem Laboratories Ltd has announced the launch of DSS, the original De Simone formulation probiotic blend, in India. It is meant for restoring gut microbiota balance and managing various gut-related health conditions. Developed by Prof. Claudio De Simone, this proprietary probiotic combines eight carefully selected bacterial strains in precise proportions, chosen for their distinct biochemical and enzymatic profile, to act synergistically on the physiology of the gastrointestinal system.
Urja Global has signed the joint venture agreement with Solarmint Energies Pvt Ltd (formerly: Sun N Sand Exim India Pvt Ltd) to collaborate in the manufacturing, branding, marketing, and nationwide distribution of solar PV modules under the URJA brand, by combining Solarmint’s manufacturing expertise.
Published on November 21, 2025
