Bharat Electronics Forms Joint Venture with Safran for Missile Production

• Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed a Joint Venture Cooperation Agreement with France's Safran Electronics and Defense to manufacture the HAMMER, a smart precision-guided air-to-ground weapon, in India.
• This 50:50 joint venture will handle local manufacturing, supply, and maintenance for the Indian Air Force and Navy, significantly boosting the 'Make in India' initiative in the defence sector.

Adani's New Copper Smelter Faces Severe Ore Shortage

• Gautam Adani's $1.2 billion Kutch Copper smelter is operating at less than a tenth of its capacity due to a global shortage of copper concentrate.
• The 500,000-ton-a-year plant has imported only about 147,000 tons of the required raw material in the ten months to October, a situation exacerbated by global mine disruptions and increased smelting capacity in China.

Optiemus Infracom Enters Joint Venture for Smart Enterprise Hardware

• Electronics manufacturing firm Optiemus Infracom has formed a joint venture with Ordinary Theory LLC of the USA to produce and sell smart enterprise hardware and industrial solutions.
• The partnership, in which Optiemus holds a majority stake, will focus on developing hardware for payments, retail, logistics, and AI, aiming to capture the growth in these sectors.

Ester Industries JV Secures Multi-Year Supply Deal with Nike

• Ester Loop Infinite Technologies, a joint venture of Ester Industries and Canada's Loop Industries, has signed an agreement to supply sustainable polyester resin to Nike.
• The deal establishes Nike as the anchor customer for the joint venture's new manufacturing facility in India, which will convert textile waste into virgin-quality polyester for the apparel giant.

NCLT Admits EV Firm Blu-Smart Mobility for Insolvency

• The National Company Law Tribunal (NCLT) has admitted an insolvency plea against all-electric ride-hailing company Blu-Smart Mobility Tech over an unpaid amount of Rs 5.84 crore.
• The case was filed by an operational creditor, and an interim resolution professional has been appointed, suspending the company's board.

JSW Energy Gets Approval for Raigarh Champa Rail Infra Resolution

• JSW Energy has received approval from the Committee of Creditors (CoC) for its corporate insolvency resolution plan for Raigarh Champa Rail Infra.
• This marks a key step in JSW's process of acquiring the distressed infrastructure asset.

JK Tyre Receives NCLT Approval for Amalgamation

• The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation for Cavendish Industries to be merged with JK Tyre & Industries.
• This legal clearance paves the way for the consolidation of the two entities, streamlining operations and corporate structure.

HG Infra Engineering Establishes New Clean Energy Subsidiary

• HG Infra Engineering has incorporated a new wholly-owned subsidiary named HG Clean Energy Solutions.
• This new entity will focus on business opportunities in the solar, green hydrogen, and battery storage sectors, signaling the company's strategic diversification into renewable energy.

Alkem Labs Launches New Probiotic for Gut Health

• Alkem Laboratories has launched 'DSS', a new probiotic product in India aimed at managing gut health.
• The launch marks the company's entry into a new therapeutic category, expanding its product portfolio in the domestic market.