Adani Group Completes Full Exit from Adani Wilmar Through Block Deals

• The Adani Group has sold its remaining 7% stake in Adani Wilmar, marking a complete exit from the joint venture.
• The stake was sold through a block deal that saw strong demand from domestic and international institutional investors, with Singapore-based Wilmar International now being the sole promoter.

Tata Chemicals Approves ₹910 Crore for Capacity Expansion

• Tata Chemicals' board has sanctioned an investment of ₹910 crore to expand the manufacturing capacities at its facilities in Mithapur, Gujarat, and Cuddalore, Tamil Nadu.
• This investment is aimed at increasing the production of dense soda ash and precipitated silica to meet growing industry demand.

Trident Group Announces ₹2,000 Crore Expansion in Punjab

• Textiles manufacturer Trident Group has unveiled a ₹2,000 crore expansion plan in Punjab to enhance industrial growth and create employment.
• The investment will focus on increasing terry towel production and upgrading paper manufacturing facilities in Barnala, as well as establishing a new corporate office in Mohali.

TCS Partners with TPG Terabyte Bidco for AI Data Center Development

• Tata Consultancy Services has entered into a pact with TPG Terabyte Bidco to invest up to ₹18,000 crore in Hypervault and jointly develop AI data centers and related infrastructure.
• This collaboration is a significant step for TCS in expanding its presence in the digital infrastructure space.

Zydus Lifesciences Plans to Raise ₹5,000 Crore via QIP

• Zydus Lifesciences has announced its intention to launch a Qualified Institutional Placement (QIP) to raise approximately ₹5,000 crore.
• The funds are intended for debt reduction and to pursue strategic acquisitions for business growth.

Tata Power Signs Agreement for Major Hydroelectric Project in Bhutan

• Tata Power has signed commercial agreements with Druk Green Power Corporation Limited for the implementation of the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan.
• This project will be executed through a special purpose vehicle and is set to be Bhutan's largest Public-Private Partnership hydro project.

HG Infra Engineering Establishes Clean Energy Subsidiary

• HG Infra Engineering has incorporated a new wholly-owned subsidiary, 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 entry into the clean energy space.

Great Eastern Shipping Expands and Modernizes Fleet

• The Great Eastern Shipping Company has taken delivery of a new tanker, 'Jag Pooja', expanding its fleet to 40 vessels.
• Concurrently, the company has signed a contract to sell a Suezmax crude tanker and acquire a second-hand Ultramax dry bulk carrier as part of its fleet modernization efforts.

GE Aerospace to Invest $14 Million in Pune Facility

• GE Aerospace has announced an additional investment of $14 million in its Pune manufacturing facility.
• This investment will be used to upgrade manufacturing processes and automation to enhance the site's capabilities for producing advanced engine components.

Hyundai Motor India Increases Stake in FPEL TN Wind Farm

• Hyundai Motor India has invested an additional ₹21.
• 5 crore in FPEL TN Wind Farm.
• This new investment increases the company's stake in the wind farm to 26.49%.

IRB Infra Proposes Transfer of Vadodara–Mumbai Expressway Project

• IRB Infrastructure Developers has proposed the transfer of the Vadodara–Mumbai Expressway project from its subsidiary to the IRB InvIT.
• This move is aimed at restructuring the ownership and financing of this significant infrastructure project.

JK Tyre Receives NCLT Approval for Amalgamation

• JK Tyre & Industries has received approval from the National Company Law Tribunal (NCLT) for the amalgamation of Cavendish Industries with itself.
• This regulatory clearance is a crucial step in the consolidation of the two entities.

Sandur Manganese Gets NCLT Nod for Merger

• Sandur Manganese & Iron Ores has received approval from the NCLT for the merger of Euro Industrial Enterprises, Sandur Sales, and Sandur Udyog with Lohagiri Industrials.
• This approval paves the way for the consolidation of these companies.

Toyo Ink India to Expand Liquid Ink Production in Gujarat

• Toyo Ink India, a subsidiary of Japan's artience group, has announced plans to expand its liquid ink manufacturing capacity at its Gujarat facility.
• The expansion, expected to be operational by 2028, aims to meet the growing demand from India's packaging industry.

Alkem Labs Launches New Probiotic in India

• Alkem Laboratories has launched the probiotic 'DSS' in India for gut-health management.
• This marks the company's entry into the prescription probiotic market.

Mahindra Showcases Alternate Fuel Tractors

• Mahindra & Mahindra has unveiled a range of tractors powered by alternate fuels, including CNG/CBG and Ethanol Flex Fuel, at Agrovision 2025.
• The company also showcased its electric tractor, built on the global OJA platform, signaling a push towards sustainable farming solutions.

Kesar India Sells Nagpur Land to Godrej Skyline Developers

• Kesar India has completed the sale of its land in Nagpur to Godrej Skyline Developers for ₹116 crore.
• This transaction is a significant monetization of the company's real estate assets.

VIP Industries to Sell 'VIP House' in Mumbai

• VIP Industries has signed an agreement to sell its property named 'VIP House' located in Mumbai to Kemp & Company for ₹40.
• 7 crore.
• The sale is part of the company's strategy to divest non-core assets.

PNB Housing Finance Receives Credit Rating Upgrade

• India Ratings has upgraded the long-term credit rating of PNB Housing Finance's Non-Convertible Debentures and Bank Loans to 'IND AAA' with a Stable Outlook.
• The upgrade reflects the company's improved profitability, asset quality, and reduced concentration risk.

Reliance Communications Receives SFIO Investigation Notices

• Reliance Communications has received investigation notices from the Serious Fraud Investigation Office (SFIO).
• The company has stated that it does not expect any material operational impact from this development.

Yatra Online Enters into Settlement Agreement

• Yatra Online has signed a settlement agreement with Ezeego, which involves a payment of ₹5 crore as a full and final settlement.
• This resolves a pending dispute between the two companies.

SVA India Terminates Joint Venture with Future Consumer

• SVA India has terminated its joint venture agreement with Future Consumer, citing violations of certain terms and conditions.
• The company has stated it will take all necessary steps in accordance with its contractual and legal obligations.

Softsol India Proposes Name Change to Madala Holdings

• The Board of Directors of Softsol India has approved a proposal to change the company's name to 'Madala Holdings Limited'.
• The proposed change is subject to shareholder and regulatory approvals.

Fitch Affirms 'BB-' Rating for ReNew Energy Global

• Fitch Ratings has affirmed the 'BB-' Long-Term Issuer Default Ratings for ReNew Energy Global Plc and its subsidiary ReNew Private Limited, with a Stable Outlook.
• The rating reflects the company's adequate financial profile and cash flow visibility.

JSW Energy's Resolution Plan for Raigarh Champa Rail Infra Approved

• JSW Energy has received approval from the Committee of Creditors for its corporate insolvency resolution plan for Raigarh Champa Rail Infra.
• This is a key step in the acquisition and revival of the railway infrastructure company.

ICRA Upgrades Credit Rating for Elixir Enterprises and Hotels

• ICRA has upgraded the long-term rating for the bank facilities of Elixir Enterprises and Hotels Private Limited to '[ICRA]BB (Stable)'.
• The upgrade is based on the company's strong brand positioning and improved operating performance.

Acuite Downgrades Credit Ratings of Lokesh Machines

• Acuite Ratings & Research has downgraded the credit ratings for both the long-term and short-term bank facilities of Lokesh Machines.

ICRA Downgrades Ratings for Bharath Auto Cars

• ICRA has downgraded the ratings for Bharath Auto Cars Private Limited to '[ICRA]BB (Stable)/[ICRA]A4'.
• The downgrade reflects the company's weakened earnings, stretched liquidity, and deteriorating debt protection metrics.

Garuda Construction and Engineering Appoints New COO

• Garuda Construction and Engineering has appointed Shanti Lal Gaggar as its new Chief Operating Officer.
• This is a key management change for the construction and engineering firm.

Jana Small Finance Bank Gets RBI Nod for New Chairperson

• Jana Small Finance Bank has received approval from the Reserve Bank of India to appoint Chitra Talwar as its part-time chairperson, effective February 8, 2026.

Nestle India Appoints New Non-Executive Director

• Nestle India's board has approved the appointment of Mandeep Chhatwal as an Additional Director (Non-Executive), effective January 1, 2026, subject to shareholder approval.
• Chhatwal brings over 30 years of experience in the finance sector within the Nestle Group.

Beta Drugs to Migrate to NSE Mainboard

• Beta Drugs has received approval from the National Stock Exchange for the migration of its equity shares from the SME Emerge platform to the NSE Mainboard.
• Trading on the mainboard is set to begin on November 24, 2025.

Value 360 Communications Receives In-Principle Approval for SME IPO

• Value 360 Communications has secured an in-principle approval from the National Stock Exchange to list its equity shares on the NSE Emerge platform.
• This is a significant step towards the company's planned Initial Public Offering.

Meson Valves to Divest Stake in Nibe Meson Naval

• Meson Valves, a company listed on the BSE SME Platform, has approved the complete disinvestment of its 48.
• 95% stake in its associate company, Nibe Meson Naval Limited.
• The stake will be sold to Nibe Limited.