has received the Reserve Bank of India’s in-principle approval to convert into a small finance bank. This marks a significant step in the bank’s long-term vision to become India’s most trusted, digital-led bank. The in-principle approval also marks the first instance of a payments bank in India getting an opportunity to convert into an SFB. It is an affirmation of the strength and scalability of Fino’s lean operating model, consistent performance, and high standards of governance.
has announced a strategic corporate action to fully integrate Biocon Biologics Ltd (BBL) as a wholly-owned subsidiary into Biocon Ltd, subject to applicable approvals. Biocon Ltd is constituting a Governance Council chaired by Kiran Mazumdar-Shaw and a Transition and Integration Management Committee led by Shreehas Tambe, Chief Executive Officer and Managing Director of Biocon Biologics Limited, to ensure a seamless integration.
has received a Letter of Acceptance (LoA) from the Ministry of External Affairs for the appointment of RailTel as project implementation agency (PIA) for the procurement and supply of 2,000 AI-enabled laptops. The estimated order size as per the LoA is ₹14.40 crore.
Emmvee Energy Private Ltd, a subsidiary of Emmvee Photovoltaic Power Ltd, has made a payment of ₹211.58 crore to the Karnataka Industrial Areas Development Board towards land allotment for the proposed 6 GW integrated solar module and cell facility at Devanahalli, Bengaluru. With this, the subsidiary has made the entire payment towards the said land allotment.
Landmark Cars Ltd, a leading premium automotive retail network in India, has received approval from BYD India Private Limited to open a showroom and a workshop in Pune, Maharashtra. The showroom and workshop will be established by Watermark Cars Private Limited, a wholly-owned subsidiary of Landmark Cars.
Mukka Proteins Ltd, a leading manufacturer and exporter of fish meal, fish oil, and fish-soluble paste, has announced that its joint venture with Hardik Gowda and MS Jathin Infra Private Limited has been awarded a prestigious ₹474.89 crore (exclusive of GST) contract by Bengaluru Solid Waste Management Limited (BSWML). Mukka holds a 76 per cent stake in this JV, reinforcing its leadership position and strategic diversification into sustainability-driven solutions.
Supreme Petrochem has informed the exchanges that due to heavy rains and due to discharge of water from the water reservoirs into the Canal passing by the side its manufacturing facility at Manali, Chennai, Tamil Nadu, water has entered its premises resulting in flooding at the plant, because of which the manufacturing operations at the plant has been stopped temporarily.
Shriram Pistons & Rings Ltd, India’s leading pistons, piston pins, piston rings and engine valves manufacturer; and a prominent player in high-precision injection moulded components and EV motors & controllers, has announced a definitive agreement to acquire 100 per cent shareholding in Antolin Lighting India Private Ltd (ALIPL), Grupo Antolin India Private Ltd (GAIPL), and Grupo Antolin Chakan Private Ltd (GACPL), a subsidiary of GAIPL, subject to terms and conditions in the Share Purchase Agreement (SPA). Collectively, these companies represent some of the leading providers of advanced interior solutions to the automotive industry.
The board of Ecoplast Ltd has approved an increase in production capacity by adding an extrusion film plant and a coating plant. The existing extrusion capacity is 5,760 MT and is running at 100 per cent utilisation. The proposed capacity addition is 1,800 MT and is expected to be added by June 2026.
Capital Trade Links Limited has entered into a memorandum of understanding (MoU) with CER Rooftop Private Ltd to facilitate and promote financing solutions for customers identified and referred by it for the installation of rooftop solar panel systems. By entering into this MoU, the company intends to broaden its lending operations within the renewable energy sector, particularly focusing on the fast-growing rooftop solar financing segment.