Torrent Power has signed a pact with Japanese firm JERA to receive a supply of up to 0.27 MMTPA LNG for ten years, starting from 2027. The LNG purchased under this agreement will be used strategically to operate its 2,730 MW combined gas power plants across India. The company also noted that the gas supply will help meet rising electricity demand, support peak hours and balance renewable energy generation.
ICICI Bank has entered into a share purchase agreement with Prudential Corporation Holdings Ltd (PCHL) to acquire an additional 2 percent stake in ICICI Prudential Asset Management Company (ICICI AMC). The purchase price has been fixed at ₹2,140 crore for the 2 per cent stake.
Siemens announced that its Board of Directors has approved the sale of its Low Voltage Motors and Geared Motors businesses, including related customer service businesses (collectively referred to as the Low Voltage Motors businesses) as a going concern on a slump sale basis, to Innomotics India Private Limited for consideration (enterprise value) of INR 2,200 crore, on a cash, debt-free basis, subject to mutually agreed adjustments.
Artificial Electronics Intelligent Materials Ltd (AEIM), a rapidly emerging leader in advanced semiconductor materials, precision components, metrology solutions and next-generation manufacturing technologies, has announced a major technological breakthrough: the successful in-house production of metrology-grade sapphire cubes and spheres for CMM (Coordinate Measuring Machine) probe sensors. Sapphire cubes and spheres are mission-critical elements in touch probes, scan probes, styli and precision sensor assemblies. Their unparalleled hardness (9 on the Mohs scale), exceptional wear resistance, thermal stability and optical uniformity make them the material of choice for applications that require repeatable, long-lasting accuracy.
RRP Defense Ltd (formerly known as Euro Asia Exports Ltd) has entered into a mutual non-disclosure agreement with Taharbadkar Solutions Private Ltd. The parties to the agreement will collaborate for the development, supply and commercialization of components related to the DART-Dirven Ammunition Reduced Time Flights system being developed under IDEX’s AIDITI 2 program for deployment by the Indian Navy.
Precision Electronics Ltd has received an order from a private entity in the Aerospace & Defense segment for the supply of masts with accessories. Due to confidentiality clauses and commercial sensitivity, the name cannot be made public. The order value is approximately ₹1.83 Crore.
VTM Ltd has signed a Memorandum of Understanding with the Government of Tamil Nadu (GoTN) to invest ₹50 crores over a period of two years in manufacturing cotton gray fabrics and home textile products in Madurai and Virudhunagar districts, with an intention to create around 40 direct jobs and 10 indirect jobs.
Sharika Enterprises Ltd has been awarded a new contract by Iron International Limited, a Navratna PSU under the Ministry of Railways, for the SCADA integration system for the operational switching station of Tunnel T-80 (Tunnel Control Room Banihal), a crucial part of the prestigious Udhampur-Srinagar-Baramulla Rail Link (USBRL) Project. This project further strengthens Sharika Enterprises’ portfolio in automation, substation integration and digital energy control systems, especially in critical and highly reliable railway environments such as tunnels and mountainous energy transmission zones.
The Management Committee of the Board of Directors of TCC Concept Ltd has considered and approved the allotment of 1,06,10,690 shares on a preferential basis to the shareholders of Pepperfry Ltd for consideration other than cash, pursuant to the acquisition of an 89.09% stake in Pepperfry through a share swap. As a result of the said acquisition, Pepperfry has become a subsidiary of the company.
Arvind Fashions Ltd, a leading player in the Indian branded apparel market, has announced a leadership change at Arrow, the iconic menswear brand known for its heritage in formal wear and contemporary work-life wear. Nitesh Kanchan takes charge as Arrow’s new Chief Executive Officer, driving the brand’s next phase of growth across product, brand, digital and omni-channel retail in India.
The Board of Directors of L&T has approved the transfer of its Realty Business Undertaking (Realty BU) to L&T Realty Properties Ltd (L&T Realty), a wholly owned subsidiary of the Company, through a slump sale through a Scheme of Arrangement, subject to requisite regulatory approvals.
UGRO Capital Ltd has announced the completion of its 100% acquisition of Profectus Capital, marking one of the most value-added transactions on its journey to build India’s leading MSME lending institution, strengthening its scale, profitability, capital productivity and return ratios and positioning the company for accelerated earnings growth in the coming years.
As part of its strategic initiative to target the solar power generation segment, Orient Green Power Company Ltd has raised funds through a rights issue to deploy a 25 MW AC solar power project through its subsidiary, Delta Renewable Energy Private Limited. As a result of this initiative, Delta has successfully commissioned a 7 MW AC solar power project in Krishnasamudhram village, Tiruttani Taluk, Tiruvallur District, Tamil Nadu. This development marks OGPCL’s entry into the solar energy sector and complements its established expertise in wind energy.
Caplin Steriles Limited (Caplin), a subsidiary of Caplin Point Laboratories Limited, has received final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for pain.
Published on December 9, 2025
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