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.
Steel Exchange India Shares Rise 5% in 9 Days Since Signing 4-Year MoU With NMDC
Steel Exchange India Limited has executed a Memorandum of Understanding with NMDC Limited to establish a framework for iron ore fines procurement. The four-year agreement focuses on sourcing high-grade material from NMDC’s upcoming facility in Visakhapatnam to power the company's integrated steel manufacturing operations.
Organic Recycling Systems Secures ₹92.41 Cr BPCL Order for Kerala CBG Plant
Organic Recycling Systems Limited, through its subsidiary SBESPL, has bagged a ₹92.41 Crore contract from Bharat Petroleum Corporation Limited (BPCL). The project involves setting up a Compressed Bio-Gas (CBG) facility in Kozhikode, Kerala, marking the company's third major win from BPCL within a single week.
Adani Enterprises Subsidiary AAHL to Raise ₹9,825 Crore from Global Investor Consortium
Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, has entered into binding agreements to raise ₹9,825 crore in primary equity capital. The investment from a consortium of marquee global and domestic investors values the airports platform at a pre-money equity valuation of approximately USD 18 billion.
CSB Bank Shares Rise 7% in 8 Days Since RBI Approval for ICICI Prudential AMC Stake Acquisition
The Reserve Bank of India has authorized ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in CSB Bank Limited. This regulatory clearance allows the asset manager to increase its stake through paid-up share capital or voting rights, contingent upon compliance with the Banking Regulation Act.
Gretex Corporate Services Shares Rise 6% in 8 Days Since Subsidiary Opens Ahmedabad Branch
Gretex Corporate Services Limited has announced the opening of a new branch office in Ahmedabad through its material subsidiary, Gretex Share Broking Limited. This expansion is part of the company's strategy to strengthen its presence in key financial markets and support its growing merchant banking operations.
Ritco Logistics Secures ₹388 Crore in New Orders; TrucksUp Raises ₹78.26 Crore
Ritco Logistics announced a significant boost to its revenue visibility by securing ₹388 crore in new business during August 2026. The expansion is led by major long-term contracts with HRRL and IOCL, complemented by a successful growth financing round for its tech-subsidiary, TrucksUp Solutions.