Ola Electric Mobility has received a sanction order from the Ministry of Heavy Industries, Government of India, for the release of incentives amounting to ₹366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY 2024-25. The incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time.
The Board of Directors of Lenskart Solutions Pte. Ltd., Singapore, a wholly owned subsidiary of Lenskart Solutions Ltd, has approved an investment of Korean Won (KRW) 3 billion (approximately ₹18.60 crore) for the acquisition of 29.24 per cent of the share capital of South Korea-based iiNeer Corp. Ltd. Lenskart Singapore will be investing in the startup iiNeer, which was incorporated in 2020 and is focused on developing technology-enabled eye-testing and lens-cutting equipment, Lenskart Solutions Ltd said in an exchange filing.
Vodafone Idea, in its regulatory filing, said it has received two GST penalty orders from tax authorities in Mumbai and Bengaluru, with a combined exposure of over ₹83 crore. The Deputy Commissioner of State Tax, Andheri Division, Mumbai, passed an order confirming a penalty of ₹79.56 crore, along with demand and interest as applicable. The order, received on December 24, 2025, relates to an alleged additional demand on licence fees and spectrum usage charges for FY 2018–19.
IndiGo has commenced operations from the newly inaugurated Navi Mumbai International Airport (NMIA). The first flight arrived at NMIA from Bengaluru this morning, while the first departure was to Hyderabad shortly thereafter. IndiGo’s initial services from NMIA connect to 13 destinations, including daily flights to/from Ahmedabad, daily flights to/from Bengaluru and daily flights to/from Kochi.
Private sector lender IndusInd Bank today said it has received a letter from the Serious Fraud Investigation Office (SFIO) regarding an investigation into the derivatives fiasco at the bank which led to nearly ₹2,000 crore impact on the lender’s balance sheet. The bank said it continues to give full cooperation and support to the law enforcement agencies in the probe.
JK Cement Limited has secured a significant milestone by being declared the preferred bidder for a limestone mining lease in Rajasthan. The company participated in an e-auction conducted by the Government of Rajasthan and emerged successful in securing the Kishanpura limestone block.
AVG Logistics has entered into a Memorandum of Understanding (MoU) with Baidyanath LNG Private Limited, a company engaged in the development of Liquefied Natural Gas (LNG) infrastructure and fuelling solutions in India. The partnership is aimed at accelerating the adoption of LNG-powered transportation solutions across key industrial sectors, including steel and metals, FMCG, cement, and other high-volume logistics segments. Through this collaboration, AVG will leverage its extensive logistics network and customer relationships, while Baidyanath LNG will provide access to LNG fleets, fuelling infrastructure, and technical expertise.
Vikran Engineering Limited (VEL), one of India’s emerging multisector EPC (Engineering, Procurement, and Construction) companies, has received a Notification of Award (NOA) from NTPC Renewable Energy Limited for a ₹459.20 crore EPC contract for a 400 MW AC grid-connected solar power project at Chitrakoot-1 in Uttar Pradesh.
Gujarat Gas announced the resignation of Milind Torawane as Managing Director from the Board of Directors of the Company consequent to his transfer and appointment as Principal Secretary to Government, Education Department (Primary & Secondary Education) vide GAD Notification no. AIS/35.2025/56/G dated 23 December 2025.
Deepak Mining Solutions Limited (DMSL), a wholly owned subsidiary of Deepak Fertilisers And Petrochemicals Corporation Limited, has entered into an agreement to acquire 100 per cent equity shares of an explosives manufacturer from its existing shareholders for a consideration agreed between the parties, subject to certain conditions precedent to be completed by the parties before the specified date. The proposed acquisition is subject to completion of conditions precedent and successful closing of the transaction. Due to confidentiality obligations, further details, including the name of the target, transaction value etc., will be shared upon successful closure of the transaction.
The National Faceless Assessment Centre, represented by Additional/Joint/Deputy/Assistant Commissioner of Income Tax/Income Tax Officer, Income Tax Department, Ministry of Finance, had issued an Assessment Order dated September 27, 2021 under Section 143(3) of the Income Tax Act relating to Financial Year 2017-18 (assessment year 2018-19) raising a demand of ₹77.956 crore. Aequs had filed a Writ Petition dated October 21, 2021, before the Hon’ble High Court of Karnataka at Bengaluru seeking the said Order to be stayed and now, with respect to the said Writ Petition, the Hon’ble High Court of Karnataka at Bengaluru has passed an order setting aside the Order and allowing the appeal.
Silicon Rental Solutions Limited has received a Purchase Order from Techfruits Solutions Private Limited for the supply of NetApp FAS50 Storage with 1.5 PB NL-SAS usable capacity on an operational lease basis with a buyback option for a period of 24 months, including comprehensive warranty and software AMC for a period of five years, aggregating to a total order value of ₹1.67 crore, inclusive of GST.
Manaksia Coated Metals & Industries Ltd, one of the leading coated steel metal manufacturers and exporters specialised in galvanised & pre-painted steel in both coil and sheet forms, has undertaken a planned shutdown of its Continuous Galvanising Line (CGL) to implement a technology upgrade involving conversion from galvanised steel to Aluminium-Zinc coated steel, along with a capacity expansion.
KNR Constructions on Thursday said it has executed share purchase agreements with Indus Infra Trust for the proposed sale of its 100 per cent shareholding, including sub-debt, in four highway special purpose vehicles. KNR Constructions Limited will invest ₹566.83 crore (in the form of equity and sub-debt) in the SPVs against which the company is expected to receive a total sum of ₹1,543.19 crore.
Supreme Industries Ltd has received a Letter of Acceptance (LoA) from Bharat Petroleum Corporation Ltd (BPCL) for a repeat order of approximately 2,00,000 units of 10 kg Composite LPG Cylinders, valued at around ₹54 crore. The supply contract is set for a period of six months from the date of the LoA, with a possible extension of up to another six months at BPCL’s discretion. The order, awarded through a domestic tender, does not involve any related-party transactions, and no promoter or promoter group interest exists in BPCL.