SBI Funds Management Ltd, a subsidiary of , has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering of up to 203,709,239 equity shares of face value of ₹1, representing up to 10.0013 per cent of its paid-up equity share capital for cash. The IPO comprises an offer for sale of up to 128,334,397 equity shares by State Bank of India, and up to 75,374,842 equity shares by Amundi India Holding.
Tata group companies
. has signed a Memorandum of Understanding (MoU) with ABB to strengthen the two companies’ strategic collaboration across IT infrastructure and applications, digital and industrial AI initiatives, data centres, and other emerging technologies. The MoU reflects the parties’ shared intent to drive innovation, operational resilience, and sustainable growth through a long-term partnership approach.
and Terumo Corporation, a global medical innovation company, have inaugurated the ‘Terumo–Tata Elxsi Offshore Development Center’. This dedicated centre will support the development of Terumo’s cardiac and vascular solutions, strengthening engineering and innovation capabilities while enabling continuous lifecycle support across international markets.
The Board of Tata Investment Corporation has designated Bahram N Vakil, an Independent Director, as Vice Chairman of the company, effective March 20.
, a subsidiary of Tata Projects, has received an award for an amount of ₹42.22 crore including taxes from Anuppur Thermal Energy (MP) Pvt. Ltd for supply, fabrication, testing, painting, packing & forwarding, loading, transportation including transit insurance of prefabricated steel structures for CHP on DAP site basis.
PSU power majors
has signed an agreement with UK-based Octopus Energy Group to explore business opportunities in various segments, including electricity distribution and storage. The memorandum of understanding (MoU) was signed by Jatinder Singh Chandok, Head International Business Development, NTPC, and Chris Fitzgerald, Group Director, International Affairs, Octopus Energy, on the sidelines of Bharat Electricity Summit 2026 in the national capital.
Indian Renewable Energy Development Agency Ltd.’s Board approved increasing the FY 2025-26 borrowing plan from ₹30,800 crore to ₹35,800 crore. The borrowings include taxable bonds, subordinated Tier-II bonds, perpetual debt instruments, bank term loans, international lines of credit, short-term loans, working capital demand loans, and ECBs.
Old Economy
has successfully commissioned its greenfield integrated cement plant located in Nagaur, Rajasthan, with a cement grinding capacity of 2.5 MTPA and clinkerisation capacity of 3.3 MTPA. This expansion marks JSW Cement’s first production unit in North India. With the commissioning of the above plant, JSW Cement’s total grinding capacity has increased to 24.1 MTPA. The total clinker manufacturing capacity of the company (including the clinker capacity at its joint venture, JSW Cement FZC) stands at 9.74 MTPA.
has received a new work order from Agrawal Infracab Pvt Ltd for the supply of Transmission Towers on March 19 worth approximately ₹16.87 crore.
Nestle, FSL, IndiQube, Lemon Tree, Amber Enterprises
on Thursday said it is expanding the production capacity of its factory in Sanand, Gujarat. The company said that it has invested ₹225 crore for the addition of a production line for its chocolate brand, Munch, in a BSE filing. It said this investment will be made through internal accruals. With this, the proposed capacity addition will be about 8,300 tonnes per annum.
The board of Amber Enterprises India Ltd has approved investing about ₹296.02 crore in the rights issue of its material subsidiary IL JIN Electronics (India) Private Limited. The investment will maintain the company’s controlling stake at 89.72% post-completion, while IL JIN, a leading Electronics Manufacturing Services provider, will use the funds for strategic initiatives with completion expected by April 2026.
, an RP-Sanjiv Goenka Group company, has launched Intelligence That Operates, a full-stack, agent-first operating model to design, build, and run AI-powered enterprise operations – with outcomes underwritten, not promised. The announcement marks a significant evolution of the company’s UnBPO platform and a direct response to what has become the defining challenge of the agentic era.
has secured a major workspace leasing agreement worth ₹54 crore with a leading GCC client in Pune. The deal covers 1,140 seats at IndiQube Orchid facility over a five-year period, featuring customised workspace design including labs, server rooms, collaborative hubs, and training zones. Management noted that GCCs now represent 40 per cent of the company’s client portfolio, reflecting growing demand for specialised workspace solutions.
, India’s fastest growing midscale and premium hotel chain, has announced the signing of Lemon Tree Resort in Lonavala, Maharashtra. With 15 operational properties in the state and 14 more in the pipeline, including this signing, the company continues to deepen its presence in Maharashtra, one of India’s most dynamic hospitality markets. The resort will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Ltd.