Nawaz Modi Singhania has resigned from her position as Director on the Board of Raymond Limited, effective March 19, 2025, as per a company announcement released today. Gautam Singhania, Chairman and Managing Director of Raymond, expressed gratitude for her contributions, stating, “We thank Ms. Nawaz Modi Singhania for her valuable services as a Board member over the years.”
Adani Enterprises subsidiary, Kutch Copper Limited (KCL), has formed a joint venture with Praneetha Ventures Private Ltd, named Praneetha Ecocables Limited (PEL). Registered with the Registrar of Companies in Ahmedabad on March 19, 2025, PEL will specialize in manufacturing, marketing, and distributing metal products, cables, and wires. Both KCL and Praneetha Ventures have equal stakes in the venture, with an authorized capital of ₹10 lakh.
IREDA has launched its first-ever Perpetual Bonds to raise Rs. 1247 crore and received a tax refund of Rs. 24.48 crore from the Income Tax Department.
SBFC Holdings Pte, a promoter of non-banking financial company SBFC Finance, sold nearly 1.3% stake in the company for Rs 112 crore through an open market transaction. The deal saw SBFC Holdings Pte selling over 1.36 crore shares at an average price of Rs 82.
UltraTech Cement has increased its production capacity by 1.2 million tonnes per annum through operational optimizations and debottlenecking at multiple plants as part of its expansion strategy.
Trent has announced that its subsidiary, Booker India Limited, has entered into a Share Purchase Agreement with Trent Hypermarket Private Limited (THPL) and THPL Support Services Limited (TSSL) for the acquisition of 100% equity share capital of TSSL from THPL, for Rs 166.36 crore.
Ashok Leyland has inaugurated its plant at Mallavalli Model Industrial Park in Vijayawada, Andhra Pradesh, with a capacity to manufacture 4,800 buses per annum, marking a significant milestone for the company and the state.
The Competition Commission of India (CCI) has requested public comments on Bharat Forge Ltd’s acquisition of AAM India Manufacturing Corporation Pvt Ltd, citing potential adverse effects on competition. Bharat Forge had sought CCI approval for the acquisition in October last year.
ZIM Laboratories Limited, a research-driven pharmaceutical company, specializes in developing, manufacturing, and supplying differentiated generic products in oral solid dosage forms across key therapeutic segments, utilizing innovative drug delivery solutions.
TCS has secured a five-year digital infrastructure modernization deal from Air New Zealand, the financial terms of which were not disclosed.
The Dugda Coal Washery of Coal India Ltd has completed the monetization process, becoming the first project of its kind with a capacity of 2 million tonnes located in Bokaro, Jharkhand.
CanFIn Homes has announced the resignation of Apurav Agarwal, CFO, and KMP, effective March 19, due to personal reasons, appointing Prashanth Joishy as the Interim CFO. The company also revealed its borrowing plan of up to ₹6,300 crore during FY 2025-26 through secured/unsecured debt instruments.
Hyundai Motor India Ltd has announced a price hike of up to 3% across its vehicle lineup from April 1, 2025, attributing it to rising input costs, increased commodity prices, and higher operational expenses.
Wipro, Tech Mahindra, and L&T Technology have each partnered with chipmaking giant Nvidia to develop AI-based solutions for various industries, showcasing these solutions at Nvidia’s GPU Technology Conference.
Bajaj Electricals has approved the incorporation and investment in a wholly-owned subsidiary in the United Arab Emirates to expand its international footprint and explore setting up a manufacturing unit in India with an estimated Capex of ₹300 crore.
