1. Jupiter Wagons: Co Increases Stake in Subsidiary Jupiter Electric Mobility to 75%
Jupiter Wagons has raised its ownership in its subsidiary, Jupiter Electric Mobility, from 60% to 75%, reinforcing its commitment to the EV market.
2. Kore Digital: Co to Acquire 98% Stake in Franken Telecom, KDL Realinfra, and Wolter Infratech
Kore Digital plans to expand by acquiring a 98% stake in three companies, strengthening its position in the telecom and infrastructure industries.
3. Paytm: Deadline for UPI Market Share Cap Extended to Dec 2026
India’s payments authority extends the deadline for implementing the UPI market share cap to December 2026, benefitting Paytm.
4. Mobikwik: UPI Market Share Cap Deadline Extended to Dec 2026
Similar to Paytm, Mobikwik will also benefit from the extended deadline for the UPI market share cap.
5. Dhani Services: Co to Raise ₹4.06 Billion via Warrant Issue
Dhani Services announces plans to raise ₹4.06 billion, aiming to strengthen its financial structure.
6. Jagatjit Industries: Co Ends Agreement with Hindustan Unilever
Jagatjit Industries has terminated its deal with Hindustan Unilever for manufacturing and supplying malted milk food products.
7. Bank of India: Co Secures USD 300 Million Loan
Bank of India’s IBU Gift City branch successfully borrows USD 300 million via a syndicated term loan.
8. Piramal Enterprises: Co Invests ₹10 Billion in Piramal Capital
Piramal Enterprises infuses ₹10 billion into its subsidiary, Piramal Capital & Housing Finance, through a rights issue.
9. Ramco Cements: Co Enhances Waste Heat Power Capacity
Ramco Cements boosts its waste heat recovery capacity to 45.15 MW with the addition of a 2 MW turbine at its Alathiyur plant.
10. GTPL Hathway: Co to Acquire 49% Stake in GTPL Vision Services
GTPL Hathway will acquire a 49% equity stake in GTPL Vision Services for ₹113.1 million to expand its reach.
11. RPP Infra Projects: Co Partners with Paper Pack Packaging Industry
RPP Infra Projects announces a partnership involving an ₹80 million contribution and 95% profit sharing.
12. Indo Tech Transformers: Co Secures ₹1.17 Billion Order
Indo Tech Transformers has landed a significant ₹1.17 billion order, adding to its growing portfolio.
13. Dynacons: Co Wins ₹280 Crore IT Project for Canara Bank
Dynacons Systems & Solutions secures a ₹280 crore IT infrastructure augmentation project from Canara Bank.
14. Kalpataru Projects: Co Bags ₹10.11 Billion Orders
Kalpataru Projects International secures new contracts totaling ₹10.11 billion.
15. Sun Pharma: Co to Sell Japan Subsidiary
Sun Pharma announces the sale of its 100% stake in its Japan subsidiary to streamline its global operations.
16. Infibeam Avenues: Co Launches CCAvenue SoundBox
Infibeam Avenues unveils the CCAvenue SoundBox, a cutting-edge tap-to-pay device with dynamic QR capabilities.
17. Utkarsh Small Finance Bank: Co Transfers ₹3.55 Billion Loans
Utkarsh Small Finance Bank transfers stressed microfinance loans worth ₹3.55 billion to an asset reconstruction company (ARC).
18. Puravankara: Co Increases Stake in Pune Projects
Puravankara boosts its stake in Pune real estate projects to 68.26%, reflecting its growth strategy.
19. Reliance Industries: Viacom18 Becomes Subsidiary
Reliance Industries raises its stake in Viacom18 to 83.88% through the conversion of 246.1 million CCPS into equity shares.
20. Power Grid: Co Forms JV for Rajasthan Power Transmission
Power Grid Corporation partners with Rajasthan Vidyut Prasaran Nigam to establish Rajasthan Power Grid Transmission Co. Ltd.
21. Vishnu Prakash R Punglia: Co Secures ₹72.96 Million Contract
Vishnu Prakash R Punglia wins a contract from Hissar Builders worth ₹72.96 million.
22. Indostar Capital Finance: Co to Sell Legacy Loans
Indostar Capital Finance approves the sale of its corporate loan book, including ₹1.74 billion in stressed assets.
23. Transformers & Rectifiers: Co to Discuss Bonus Issue
Transformers & Rectifiers plans to consider a bonus issue alongside its Q3 results on January 8.
24. SJVN: Co Signs MOU for 1000 MW Power Project
SJVN partners with Bihar’s government to develop the Hathidah Durgawati PSP, a 1000 MW power project.
25. Prataap Snacks: Regulator Approves 72.8% Acquisition
The competition regulator has approved the acquisition of Prataap Snacks by Authum Investment and Mahi Madhusudan Kela.
26. Indo Tech Transformers: ₹75 Crore Plant Expansion Approved
Indo Tech Transformers will invest ₹75 crore to boost plant capacity to 16,000 MVA by 2027.
27. Orient Cement: Co Faces ₹64.6 Million GST Demand
Orient Cement receives a ₹64.6 million tax demand along with interest and penalties.
28. Newgen Software: Co Wins ₹209 Million Order
Newgen Software Technologies secures a purchase order worth ₹209 million, marking a significant business milestone.
