HyperVault, a subsidiary of Tata Consultancy Services (TCS), on Saturday announced that it has secured 264 acres of land in Hyderabad to develop a large-scale artificial intelligence data centre campus with a total investment outlay of up to Rs 70,000 crore. The purpose-built facility, which will have a capacity of up to 1 Gigawatt (GW), is designed to support frontier AI companies and hyperscalers with high-density, liquid-cooled compute infrastructure on a global scale, the company said in a regulatory filing.
Patrick Raymon McGoldrick, former CEO and Managing Director of Tata Technologies, has pared his stake in the company by selling shares worth nearly Rs 165 crore through block deals on the BSE. McGoldrick offloaded 21 lakh shares in four tranches on Friday, representing a 0.51 per cent stake in the Pune-based global product engineering and digital services firm. The shares were sold at an average price of Rs 785, taking the aggregate value of the transaction to Rs 164.85 crore. Following the sale, McGoldrick’s shareholding in Tata Technologies declined to 0.62 per cent from 1.13 per cent.
Tata Motors has launched an all-cash voluntary tender offer to acquire all common shares of Iveco Group for EUR 14.10 per share, valuing the Italian commercial vehicle maker at approximately EUR 3.82 billion. The offer is being made through TML CV Holdings B.V., and the acceptance period will run from September 7 to October 26, 2 according to a joint announcement by Tata Motors and Iveco Group on Friday. The offer price of EUR 14.10 per common share is on a cum-dividend basis. The transaction is the latest step in Tata Motors’ proposed acquisition of Iveco, with the offer document having received approval from Italy’s market regulator Consob.
Adani Defence & Aerospace, subsidiary of Adani Enterprises, has signed a five-year agreement with Indo-Russian Rifles Pvt Ltd to supply indigenously produced 7.62×39 mm ammunition for AK-203 assault rifles being manufactured in India, creating an integrated domestic supply chain for the India-Russia rifle programme. Under the agreement, Adani Defence will supply the small-calibre ammunition required for the AK-203 programme for five years, providing an Indian source of supply and supporting continuity of ammunition availability over the contract period, according to the company.
Rail Vikas Nigam (RVNL) has received Letter of Award from SJVN Thermal for the construction of a permanent siding along with an aerial track connection for the Buxar Thermal Power Project in Bihar. The project, worth Rs 903 crore, is scheduled to be completed within 36 months.
Texmaco Rail & Engineering Ltd has announced the receipt of two domestic orders worth a combined total of Rs 131.36 Crore. The first contract has been awarded by Transport Corporation of India Ltd and is valued at Rs 24.48 crore, inclusive of taxes. Under the scope of this order, Texmaco Rail & Engineering will handle the manufacture, supply, and commissioning of one rake of Type: ACT-1 wagon along with one BVCM wagon. This domestic order is scheduled for execution within 16 weeks from the date of the Letter of Intent (LOI).
Airfloa Rail Technology Ltd has received a Letter of Acceptance (LOA) for new order value of Rs. 31.08 crore from Rail Coach Factory, Punjab. The order is for Supply and Installation of Interior Furnishing One Rake Set of Namo Bharat Rapid Rail (16 Car Formation including Nose Cone and Driver Cab Interior Panelling and Fitting as Specified in LOA dated 28/08/2026 – for NAMO BHARAT RAPID RAIL
Kalind Ltd, formerly Arunis Abode Ltd, has executed an Equipment Rental and Services Agreement with AME SAKI Mining and Construction Limited, located in Tarkwa, Western Region, Ghana. The contract carries a total valuation of $5,263,000, which translates to approximately Rs 50 Crore, subject to potential exchange rate fluctuations and specific contractual terms.
Mazagon Dock Shipbuilders has received an order from Maharashtra State Electricity Transmission (MSETCL) for the supply, installation and commissioning of an AI-based Comprehensive Infrasecure Project for five substations for Rs 117.99 crore, including GST. The project will be completed within 27 months.
Transworld Shipping Lines Limited (formerly known as Shreyas Shipping and Logistics Ltd has announced the execution of a Memorandum of Agreement (MOA) for the acquisition of a marine vessel. The agreement was executed between Transworld Shipping Lines Limited as the buyer and Greenland Marine Ltd., Monrovia, Liberia, as the seller. Under the terms of the MOA received on September 05, 2026, Transworld Shipping Lines Limited will purchase the vessel named Valsamitis for a total consideration of $11,750,000.
The board of Som Distilleries and Breweries Ltd has approved raising funds through the preferential issuance of up to 32,12,955 convertible equity warrants to Mr. Deepak Arora, a promoter of the company.
Zydus Pharmaceuticals USA Inc., a wholly owned subsidiary of Zydus Lifesciences Ltd, has entered into a Settlement Agreement with a putative class of Indirect Reseller Plaintiffs to resolve certain litigation matters proceeding as a part of MDL. In re Generic Pharmaceuticals Pricing Antitrust Litigation, pending in the United States District Court for the Eastern District of Pennsylvania. Pursuant to the Settlement, ZPUI has agreed to pay a total of $5.9 million to resolve above litigation matters. The Settlement contains a full and final release of all claims by the Indirect Reseller Plaintiffs and was entered into without any admission of fault or wrongdoing by ZPUI.
Cohance Lifesciences announced that the United States Food and Drug Administration (USFDA) inspected the company’s formulation (FDF) plant located at Shamshabad, Telangana, from August 7 to September 4 and concluded with the issuance of a Form FDA 483 containing four observations. Chance has initiated appropriate corrective and preventive actions (CAPA) and will submit its response within the stipulated timeline.
Lupin Ltd has secured US FDA approval for Modafinil tablets, indicated to improve wakefulness in adult patients with sleep disorders. The approved drug is bioequivalent to Nuvo Pharmaceuticals’ Provigil, targeting an estimated US market size of USD 70.7 million. This regulatory approval adds depth to Lupin’s growing US portfolio, which drove strong results in the latest quarter.
Stanley Lifestyles has unveiled Stanley Superlative Living, its first flagship destination in Hyderabad. As affluent homeowners increasingly seek complete lifestyle solutions rather than sourcing products, services and design expertise from multiple vendors, Stanley Superlative Living brings together furniture, kitchens, wardrobes, lighting, décor, art, accessories and personalised design expertise within a single immersive environment. The launch marks the debut of the company’s first flagship destination under the Stanley Superlative Living format and its most ambitious retail concept to date.
Majestic Auto Limited, acting as the Successful Resolution Applicant under a Supreme Court-approved Resolution Plan, has completed the full fund infusion of Rs 1,05.42, crore into Sharan Hospitality Private Ltd. The structural financial commitment comprised Rs 76.15 crore designated for subscription to various securities of Sharan Hospitality Private Ltd and an additional Rs 29.28 crore provided as an Inter-Corporate Deposit. In earlier phases, the Monitoring Committee of Sharan Hospitality Pet Ltd approved and allotted five lakh equity shares priced at Rs100 each – totalling Rs 5, crore-alongside 70,79,00,000 non-convertible debentures priced at Rs 1 each, aggregating to Rs 70.79 crore.
Nava has announced regarding a planned, temporary shutdown of one of its 60 MW Independent Power Producer (IPP) units located in Odisha. Nava operates energy units in Odisha with a combined generating capacity of 150 MW. This portfolio comprises two 60 MW IPP units and one 30 MW Captive Power Plant (CPP) unit. The shutdown of 60 MW IPP Unit) is likely to commence on September 6 and likely to last approximately 55 to 60 days.
State-owned NMDC will start the commercial production of thermal coal by October-December period and looks to sell around 1 MT of the dry fuel within FY27, said Amitava Mukherjee, Chairman of India’s largest iron ore mining player. Under the Ministry of Steel, Hyderabad-based NMDC alone caters to the country’s 20 per cent need of iron ore — a key raw material needed to produce steel.