IIFL Finance Board Approves ₹10,000 Crore Fund Raise and CFO Leadership Transition
The Board of Directors at IIFL Finance has approved an enabling resolution to raise up to ₹10,000 crore through equity or other eligible securities. This capital infusion plan is accompanied by a significant expansion of the company's global note program and a transition in its senior financial leadership.
MMP Industries Board Approves Working Capital Funding via ECGLS 5.0 Facility
The Board of Directors of MMP Industries Limited has approved a proposal to seek financial assistance through the Emergency Credit Line Guarantee Scheme (ECGLS 5.0). This funding is specifically designated to bolster the company's working capital requirements to support its ongoing operations in the aluminium products sector.
Persistent Systems Secures Mega $650 Million Strategic Cloud Deal With US Tech Leader
Persistent Systems Limited has entered into a long-term strategic services agreement with a prominent global technology leader based in the United States. The contract, valued at approximately ₹6,090 crore over six and a half years, focuses on end-to-end cloud operations and AI-driven platform management.
Vikran Engineering Bags Mega ₹3,517.98 Crore EPC Order for 969 MW Solar Project
Vikran Engineering Limited has accepted a massive ₹3,517.98 Crore turnkey EPC order from its wholly-owned subsidiary, NOPL Solar Projects Private Limited. The contract involves the development of a 969 MW AC solar power project across multiple locations in Maharashtra. This development follows a strategic restructuring after Vikran's 100% acquisition of NOPL.
DCX Systems Bags Domestic and Export Orders Worth ₹435.85 Crore for Electronic Kits
DCX Systems Limited along with its subsidiary has secured new purchase orders totaling ₹435.85 crore for electronic manufacturing services. These contracts involve the export of electronic kits and the production of cable harness assemblies, significantly enhancing the company's project pipeline for the 2026-27 period.
Power Grid Board Approves ₹4,700 Crore ECB and Raises Borrowing Limit to ₹2.20 Lakh Crore
The Board of Power Grid Corporation of India has approved raising foreign currency funds worth $500 million through External Commercial Borrowings. The company also proposed a significant expansion of its total borrowing headroom to support future transmission infrastructure projects.
Aether Industries Commences Commercial Operations at Site 5 to Boost Production Capacity
Aether Industries Limited has officially operationalized the first phase of its Manufacturing Site 5 at GIDC Panoli. This facility, involving two initial production blocks, is strategically positioned to enhance the company's manufacturing footprint and support long-term revenue objectives through increased output of specialty chemical intermediates.
TVS Motor Launches New NTORQ 125 Lineup Starting At ₹82,500 Ahead Of Festive Season
TVS Motor Company has introduced updated variants of the TVS NTORQ 125 Disc and Race Edition, featuring new color palettes and style enhancements. The launch aims to capitalize on the upcoming festive season and solidify the company’s leadership in the performance scooter category.
Baazar Style Retail Expands Presence in Odisha; Total Store Count Hits 277
Baazar Style Retail Limited has announced the opening of a new retail outlet in Bhawanipatna, Odisha. This addition marks a milestone in the company's regional growth strategy, increasing its total operational store count to 277 locations across India.