Piramal Finance Board Approves ₹4,000 Crore Fund Raise and Reports Strong Q1 Results
Piramal Finance has received board approval to raise up to ₹4,000 crore through various instruments including equity shares, convertible securities, and non-convertible debentures. The decision was announced alongside a strong quarterly performance, with consolidated net profit for Q1 FY2026 rising to ₹460.98 crore.
Shivalik Bimetal Starts Pune Phase-I Production Following Regulatory CTO Approval
Shivalik Bimetal Controls Ltd has secured the Consent to Operate for its new Pune Phase-I manufacturing plant, marking a significant step into the automotive electrification supply chain. The facility will focus on high-precision components like bus-bar connectors and PCBA assemblies for global OEM and Tier-1 customers.
Sterling and Wilson Renewable Energy Bags ₹2,688 Cr Egypt Project; Order Book Hits ₹13,000 Cr
Sterling and Wilson Renewable Energy Limited has secured a landmark international contract for the West Minya Solar Power Project in Egypt through a 50-50 joint venture. This integrated solar-plus-storage mandate, valued at USD 560 million, has propelled the company's total unexecuted order value to a post-Covid record of ₹13,000 crore.
ITI Limited Secures ₹856.39 Crore BSNL Order for 4G Network Expansion across West India
ITI Limited has received a significant ₹856.39 crore contract from Bharat Sanchar Nigam Limited (BSNL) to expand its 4G mobile network across India's West Zone. The turnkey project involves the end-to-end commissioning of 7,613 sites, reinforcing ITI's role in the country’s indigenous telecom equipment ecosystem.
Jana Small Finance Bank Q1 FY27 Profit Jumps 52% YoY to ₹155 Crore
Jana Small Finance Bank Limited (JSFB) delivered a strong performance in the first quarter of FY27, reporting a 52% year-on-year increase in profit after tax. The growth was supported by expanding net interest margins and a strategic shift toward a secured loan portfolio, even as the bank navigated regulatory developments regarding its promoter holdings.
WeWork India Launches Member Services Platform for 1.1 Lakh Members Across 76 Centres
WeWork India Management Limited has introduced Member Services, a first-of-its-kind business services platform designed to provide enterprise-grade solutions to its member community. The platform centralizes critical operational functions like IT, HR, and administration to support the scaling requirements of startups and large enterprises across its 76 Indian centres.
EMS Ltd Bags ₹102.85 Crore Sewerage Project in Varanasi from UP Jal Nigam
EMS Limited has secured a significant Letter of Acceptance for a turnkey sewerage project in Varanasi valued at approximately ₹102.85 crore. The contract, awarded by UP Jal Nigam (Urban), involves comprehensive infrastructure development across 18 problematic wards over a 24-month period.
Ather Energy to Raise ₹1,200 Crore via Preferential Issue to Hero MotoCorp and Promoters
Ather Energy's board has approved a capital infusion of ₹1,200 Crore through a preferential issue of equity shares and convertible warrants. The funding round includes participation from Hero MotoCorp, the India-Japan Fund, and the company's founding promoters.
Sambhv Steel Tubes to Raise ₹100 Crore via Preferential Issue of Convertible Warrants
Sambhv Steel Tubes has approved a significant capital infusion of approximately ₹100 crore through the issuance of fully convertible equity warrants on a preferential basis. The move targets seven specific investors, including members of the promoter group, to strengthen the company's financial base for long-term growth.