Religare Enterprises has directed its subsidiary companies to begin the process of removing former executive chairperson Rashmi Saluja from their respective boards. This decision comes after Saluja was ousted as director by the company’s shareholders following the Burman family acquiring a controlling stake in the company earlier this month. Additionally, Religare has also instructed its subsidiaries to remove Rakesh Asthaana, retired DG of Border Security Force, from their boards and committees.
After over four decades of service, B Santhanam, the CEO of Saint-Gobain Asia Pacific and Chairman of Saint-Gobain India, is set to retire on May 5, 2025. In a social media post, Santhanam announced his retirement, marking the end of a 45-year career with the Saint-Gobain Group.
Wipro has announced a $200 million investment in its arm Wipro Ventures to accelerate funding for start-ups in the technology innovation space. This marks the fourth funding round for Wipro Ventures in its 10-year history, aimed at expediting investments in early to mid-stage start-ups.
Star Health and Allied Insurance Company Ltd has expanded its Home Health Care initiatives to 100 locations across the country, providing cashless doorstep medical care services to 85% of its customer base. Launched in July 2023, this initiative aims to enhance access to medical care for policyholders.
The Assam Government has initiated a ropeway project in collaboration with GR Infraprojects, with a proposed investment of ₹270 crore. The Memorandum of Understanding (MoU) signed between the parties is valid for up to 12 months from the date of signing, extendable by the state government.
Mastek has secured multiple contracts worth $85 million over two years from a UK public service department. These contracts extend and expand the existing collaborations aimed at supporting the department’s Digital, Data, and Technology services transformation aligned with strategic priorities.
Zydus Lifesciences has introduced a new quadrivalent influenza virus vaccine to protect against a new strain of the flu virus, making it the country’s first vaccine to do so. The vaccine, in line with WHO recommendations, offers seasonal protection against four new virus strains.
IndusInd Bank has received a demand notice of approximately ₹21.62 crore from tax authorities for alleged GST short payment. The notice, received from the Deputy Commissioner of State Tax, Gujarat, pertains to various GST issues faced by the bank.
NGL Fine-Chem and its promoters have settled a case with SEBI regarding alleged shareholding disclosure violations by paying a total settlement amount of ₹92.21 lakh. The settlement was made by NGL Fine-Chem, PCI Ferrmone Chemicals, Rajesh Lawande, and Rahul Nachane, following an application to SEBI for resolution under its settlement regulations.
SEBI has imposed a penalty of ₹5.05 crore on Indian Clearing Corporation Ltd (ICCL) for non-compliance with the cyber security and disaster recovery framework. ICCL, a wholly-owned subsidiary of BSE Ltd, has been directed to pay the penalty within 45 days as per the SEBI order.
Emcure Pharmaceuticals has received two observations from the USFDA after an inspection of its Pune-based active pharmaceutical ingredients (API) manufacturing facility. The inspection was conducted from February 19-25, 2025, and the company received the observations in Form 483 at the conclusion of the inspection.
Godrej Properties has expressed surprise over the CBI registering an FIR against the company for alleged violations of environmental rules in a completed project in Chandigarh. The company stated that it will take necessary steps to protect the interests of its customers in light of the allegations.
Adani Green Energy’s arm, Adani Saur Urja, has secured an order from Uttar Pradesh Power Corporation (UPPCL) for the procurement of 1,250 MW energy storage capacity from pumped hydro storage (PSP) projects. The capacity was awarded through an e-Reverse Auction conducted by UPPCL.
IndiGo is set to induct three more Boeing 787-9 planes into its fleet under a damp lease arrangement with Norse Atlantic Airways, as it prepares to launch flights to Europe from mid-summer this year. This development comes after IndiGo had previously signed a deal for one Boeing 787 with Norse Atlantic Airways earlier this month.
KPI Green Energy has signed an MoU with the Madhya Pradesh Renewable Energy Department to set up various solar, wind, hybrid, BESS, and biomass-based projects in Madhya Pradesh.
Tata Power Company has signed an MoU with the Assam Government to support up to 5,000 MW of renewable and clean energy projects comprising solar, wind, hydro, and energy storage, with an investment of ₹30,000 crore over the next 5 years.
UltraTech Cement plans to venture into the manufacturing of wires and cables with an investment of ₹1,800 crore over the next two years. The company will establish its first plant near Bharuch in Gujarat, expected to be operational by December 2026. UltraTech Cement has also finalized a share-swap ratio of 1:52 for acquiring 10.75 mtpa capacity of Kesoram Industries from the BK Birla Group in a ₹7,600 crore deal effective March 1.
The Union Government has signed an agreement with Paytm to provide mentorship, infrastructure support, market access, and funding opportunities to start-ups. The MoU aims to foster innovation and accelerate the growth of manufacturing and fintech start-ups in India.
Varun Beverages has extended the deadline for completing the acquisition of Ghana-based SBC Beverages by a month to March 31. The acquisition was valued at $15.06 million (₹127.1 crore) and expected to be finalized by the end of February 2025.
Star Cement Ltd has proposed to establish a ₹3,200-crore cement clinker and grinding plant in Assam, as per a Memorandum of Understanding (MoU) signed with the state government on the concluding day of the Advantage Assam business summit.
Welspun One, a logistics and warehousing manager, has deployed the entire ₹2,000 crore raised in Fund 2 across nine high-quality assets. The company has launched a co-investment program with a corpus of ₹1,000 crore and plans to raise an additional ₹600 crore to tap into a ready pipeline of 5 million square feet at advanced stages of closure.
