Parag Milk Foods Enters Healthy Snacking Market with Avvatar Popped Protein Chips at ₹60
Parag Milk Foods has expanded its nutrition portfolio into the fast-growing snacking category with the launch of Avvatar Popped Protein Chips. This move marks the company's strategic evolution from a traditional dairy provider to a broader nutrition-led food business, leveraging its established Avvatar brand.
Duroply Industries Enters MDF Segment with DURO HDMMR Launch via Asset-Light Model
Duroply Industries has officially entered the high-growth Medium Density Fibreboard (MDF) and High Density Fibreboard (HDF) segment with the launch of its first product line, DURO HDMMR. This strategic expansion into the engineered wood panel category utilizes an asset-light business model to scale without immediate capital expenditure on manufacturing infrastructure.
Dreamfolks Services Partners with Elixir for Premium Wellness Credit Card Spa Benefits
DreamFolks Services Limited has entered a strategic partnership with fintech firm Elixir to provide premium spa benefits for an upcoming wellness-focused credit card. Announced at the Global Fintech Fest, this collaboration integrates DreamFolks' technology-enabled lifestyle platform with Elixir's health-oriented financial product.
IOLCP Unveils ₹495 Crore Expansion Plan: 50% Ibuprofen Capacity Boost and CDMO Entry
IOL Chemicals and Pharmaceuticals (IOLCP) has initiated a multi-pronged ₹495 crore expansion strategy at its Barnala facility to solidify its global leadership in Ibuprofen and diversify into higher-margin segments. The plan includes a massive 50% capacity hike for its core Ibuprofen product alongside the launch of new CDMO and specialty chemical verticals.
Rajoo Engineers Ltd Partners with Rieckermann for Southeast Asia Market Expansion
Rajoo Engineers Limited has announced a strategic partnership with Rieckermann to enhance its sales and technical support network across key Southeast Asian markets. The collaboration focuses on distributing and servicing Rajoo's advanced plastics extrusion machinery in Thailand, Indonesia, Malaysia, and the Philippines.
DCB Bank Receives RBI Approval for ICICI Prudential AMC to Acquire Up to 9.95% Stake
The Reserve Bank of India has granted approval to ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in DCB Bank Limited. This regulatory clearance follows a formal application by the AMC and remains subject to compliance with the Banking Regulation Act.
Natco Pharma Board Approves ₹1,300 Crore Rights Issue and Updates Demerger Plan
Natco Pharma's board has authorized a major fund-raising exercise via a rights issue of equity shares worth up to ₹1,300 crore. This capital infusion is intended to strengthen the balance sheet and will lead to a revised demerger scheme for its crop health division to maintain existing swap ratios.
Power Mech Projects Secures ₹970 Crore O&M Contract from Vedanta Power for Sakti Plant
Power Mech Projects has secured a major operations and maintenance (O&M) contract worth ₹970 crore from Vedanta Power Limited. The 60-month engagement involves end-to-end management of the 1,200 MW Sakti Thermal Plant in Chhattisgarh, significantly bolstering the company's service-led revenue stream.
LTM Ltd Partners with IBM and Red Hat for AI-Driven Software Remediation
LTM Ltd has announced a strategic collaboration with IBM and Red Hat to deploy Lightwell, an AI-driven platform for open-source software vulnerability remediation. The partnership aims to secure enterprise software supply chains by transforming threat discovery into scalable, automated fixes without disrupting business operations.