Jeena Sikho Lifecare Expands Ayurvedic Portfolio with Launch of Two New Wellness Products
Jeena Sikho Lifecare Limited has announced the domestic launch of two new Ayurvedic tablet formulations under the Acharya Ji's brand. The launch of Jeevanodya Vati and Ojavardhan Vati aims to strengthen the company's presence in the wellness and preventive healthcare segment.
LIC Receives RBI Approval to Raise Stake in ICICI Bank to 9.99 Percent
The Reserve Bank of India (RBI) has granted approval to the Life Insurance Corporation of India (LIC) to increase its stake in ICICI Bank to 9.99%. This regulatory nod allows LIC to acquire additional shares or voting rights within a one-year window, reinforcing institutional participation in the private sector lender.
Kataria Industries to Raise ₹63.60 Crore via Preferential Issue; Declares ₹0.50 Dividend
Kataria Industries has approved a preferential allotment of 60 lakh equity shares to raise ₹63.60 crore from six non-promoter investors. The board also recommended a ₹0.50 per share dividend and authorized a capital hike to ₹30 crore to support expansion.
Refex Renewables Subsidiary Secures 80 MW Wind Power Project from SJVN Limited
Refex Green Power Limited, a wholly-owned subsidiary of Refex Renewables & Infrastructure, has been awarded an 80 MW wind power project by SJVN Limited. The project, located in Kurnool, Andhra Pradesh, will operate under a 25-year Power Purchase Agreement with a discovered tariff of ₹3.88 per kWh.
ICICI Bank Increases Stake in ICICI Prudential Life Insurance to 52.84 Percent via Open Market
ICICI Bank Limited, a promoter of ICICI Prudential Life Insurance Company, has increased its ownership in the insurer by 2%. The acquisition involved the purchase of 2,90,15,693 equity shares through open market tranches completed by September 2, 2026.
Prime Focus Board Approves ₹3,000 Crore Fund Raise and Capital Expansion
The Board of Prime Focus Ltd has approved a significant capital mobilization plan of up to ₹3,000 Crore through multiple financial instruments. This strategic move is accompanied by an increase in the company's authorized share capital to ₹100 Crore to support future growth and operational flexibility.
Oriental Rail Infrastructure Partners with VNICTT for 25-Tonne Axle-Load Bogie Design
Oriental Rail Infrastructure Ltd, through its subsidiary Oriental Foundry Private Limited, has signed a Technology Development Agreement with Russia's VNICTT. The partnership aims to develop high-capacity 25-tonne axle-load bogies and solid-bottom gondola cars for the Indian railway sector.
SK Minerals & Additives Partners with Italy's iPOOL s.r.l. for Flame-Retardant R&D
SK Minerals & Additives Limited has signed a strategic technical and commercial collaboration agreement with Italy-based iPOOL s.r.l. The partnership aims to accelerate research and development in flame-retardant additives and compounds, specifically targeting the electric vehicle and wire and cable sectors.
SPML Infra Develops Proprietary 104.4 kWh BESS Battery Pack; Secures Global Certifications
SPML Infra has achieved a significant milestone by developing a proprietary 104.4 kWh battery pack for Battery Energy Storage Systems (BESS) under its own intellectual property. The product has successfully completed rigorous international safety, performance, and transportation certifications, including UL9540A and IEC standards.