US President Donald Trump on Tuesday announced the opening of an oil refinery in Brownsville, Texas, with investment from Reliance Industries. Trump shared the news on his social media platform Truth Social, saying the refinery would help power American energy markets and strengthen the country’s energy security. In his post, Trump wrote: “America is returning to real energy dominance! Today I am proud to announce that America First Refining is opening the first new US oil refinery in 50 years in Brownsville, Texas. This is a historic $300 billion deal — the biggest in US history, a massive win for American workers, energy, and the great people of South Texas! Thank you to our partners in India, and their largest privately held energy company, Reliance, for this tremendous investment.”
Pieter Elbers has stepped down as chief executive officer of IndiGo, India’s largest airline, with effect from March 10, 2026, the company said on Tuesday. The resignation comes months after the carrier faced its worst operational disruption in December, which drew scrutiny from passengers as well as the government. InterGlobe Aviation, the parent company of IndiGo, said its board accepted Elbers’ resignation during a meeting held on Tuesday evening. The outgoing CEO cited personal reasons for stepping down and requested that his notice period be waived.
Meanwhile, Mukesh Ambani’s Reliance Industries on Tuesday said its giant Jamnagar oil refining complex will maximise cooking gas LPG production, while gas from Bay of Bengal KG-D6 fields will be diverted to the priority sector with a view to aid the Indian economy overcome West Asia war-related disruptions.
Adani Enterprises Ltd informed the exchanges that its wholly owned subsidiary Adani Road Transport Ltd (ARTL) has completed the acquisition of the remaining 49 per cent equity stake in DP Jain TOT Toll Roads Pvt Ltd, along with 100 per cent optionally convertible redeemable preference shares, according to an exchange filing. The deal was completed at an enterprise value not exceeding ₹1,342 crore as of September 30, 2025, subject to closing adjustments, and the consideration was paid in cash.
TVS Supply Chain Solutions Ltd has announced that it is strengthening Caterpillar’s global supply chains from India by setting up a 40,000 sq. ft. warehousing facility at the Free Trade and Warehousing Zone (FTWZ) in Mannur Village, approximately 30 km from Chennai, India. The facility will enable parts procurement from multiple countries and support Caterpillar’s manufacturing operations.
Hindustan Zinc Ltd has entered into a strategic partnership with CMR Green Technologies Ltd., India’s leading non-ferrous metal recycling company. The collaboration aims to establish a state-of-the-art, low-emission zinc alloy manufacturing facility at Zinc Park, Rajasthan, strengthening the park’s position as India’s first integrated zinc-based industrial ecosystem. This agreement marks the second key collaboration at Zinc Park, following a previous Memorandum of Understanding (MoU) with Tripura Group.
H.G. Infra Engineering Ltd has received an order worth ₹401.33 crore from Anuppur Thermal Energy (MP) Private Ltd for a railway infrastructure project in Madhya Pradesh. The contract involves the execution of civil works, including earthwork, bridges and station buildings, along with P-way works, for the development of railway infrastructure at the 2×800 MW thermal power project in Anuppur.
Waaree Solar Americas Inc., wholly owned subsidiary of Waaree Energies, has signed a significant share subscription deal investing roughly $30 million in United Solar Holdings Inc. This investment is for about 5.37 million Series B preferred shares, marking Waaree’s strategic move into the US solar market. Waaree clarified the transaction is not between related parties, ensuring a clear, arms-length arrangement.
Aditya Birla Capital has successfully completed a strategic investment of ₹749.99 crore in its wholly owned subsidiary Aditya Birla Housing Finance Ltd through rights-based equity subscription. The investment is designed to fund the subsidiary’s growth initiatives and improve its leverage ratio while maintaining the parent company’s 100 per cent shareholding.
Arvind SmartSpaces has acquired a new residential high-rise project in Whitefield, Bengaluru, with a total estimated saleable area of about 2.5 lakh sq. ft. and a top-line potential of ₹330 crore. The project is acquired on an outright basis. This addition follows the acquisition of the Sarjapur Road high-rise project signed in Feb 2026.
Bengaluru-based developer Brigade Group has entered the industrial real estate segment with the launch of Brigade Industrial Park, a 25-acre project in Devanahalli in North Bengaluru. The development will cater to high-growth sectors such as aerospace and defence, IT/ITES and data centres.
Kirloskar Oil Engines on Tuesday said its Chairman Atul Kirloskar will retire effective March 31, 2026 on reaching the retirement age. As part of the succession planning, the company’s board has appointed Rahul Kirloskar, currently a non-executive director of the company, as the Chairperson. Kirloskar has been involved in the company for over 43 years in executive and non-executive roles.
VE Commercial Vehicles (VECV) has announced the appointment of B Srinivas as the Managing Director and CEO with effect from April 1 to spearhead the next phase of the company’s growth. Srinivas will replace Vinod Agarwal, who is also the vice chairman of Eicher Motors Limited (EML), the company said. VECV is a joint venture between Swedish automobile major Volvo Group and Eicher Motors.