Amit Paithankar (Whole Time Director & Chief Executive Officer) of has resigned from the company to pursue opportunities outside the organisation. The Board accepted his resignation and agreed to relieve him w.e.f. 15.05.2026, or on such earlier date as may be mutually agreed. Based on the recommendation of the Nomination and Remuneration Committee, the appointment of Jignesh Rathod (presently designated as Director – Operations) as Chief Executive Officer – Designate of the Company with immediate effect. In a separate release, Waaree Energies said that it has commenced commercial operations of two solar inverter line manufacturing facilities with a combined capacity of over 3 GW. The company, through its wholly owned subsidiary Waaree Power, has set up two solar inverter line manufacturing facilities with an annual capacity of 1.525 GW each at its factory in Sarodhi, Valsad, Gujarat.
InterGlobe Aviation has introduced new pilot allowances and raised some existing ones. The changes, effective January 1, were communicated in an email by Ashim Mittra, senior vice president for flight operations. Layover allowances for captains will rise to Rs 3,000 ($33.37) from Rs 2,000, while first officers will receive Rs 1,500 instead of Rs 1,000. The hikes, ranging from Rs 25 to Rs 2,000, will apply to various allowance categories, including domestic layover, deadhead, and night.
has entered into an exclusive licensing, supply and distribution pact with China-based Gan & Lee Pharmaceuticals for a novel medication to treat obesity and diabetes. The Mumbai-based drugmaker said the agreement strengthens its diabetes portfolio and accelerates its presence in the obesity segment.
Jubilant FoodWorks has executed a Share Purchase Agreement on December 29, inter alia, with Karan Chechani, one of the founders of Hashtag, for the sale of its entire stake (31.66 per cent) in Hashtag. Post completion of the transaction, Hashtag will cease to be an associate of the Company. During the previous financial year 2024-25, the company had fully impaired its investment in Hashtag.
The board of Lloyds Engineering Works has accorded its approval to the draft scheme of merger by absorption of Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited with itself. This massive merger fundamentally transforms LEWL from a premium equipment manufacturer into a Complete Engineering and Infrastructure Solutions Provider.
Novelis, a subsidiary of , has announced entry into a subscription agreement with AV Minerals, the sole shareholder of Novelis and a wholly owned subsidiary of the Company, pursuant to which AV Minerals agreed to purchase 50,00,000 of Novelis’s common shares, no par value per share, for $750 million at a price of $150 per share.
Afcons Infrastructure has achieved a historic milestone – the first tunnel breakthrough in the City and Industrial Development Corporation’s (CIDCO) history. The breakthrough occurred at the Hetawane Water Supply Scheme project at Shaft-4 in Wahal village, Navi Mumbai, under Package-1, representing a significant achievement in India’s infrastructure development.
Cupid Ltd has received In-Principle approval from its Board of Directors to set up a new FMCG manufacturing facility in the Kingdom of Saudi Arabia (KSA). This will be the company’s first manufacturing plant outside India, marking an important milestone in its international expansion journey. The proposed facility is intended to support Cupid Limited’s FMCG growth strategy and strengthen its presence in overseas markets, beginning with the Gulf Cooperation Council (GCC) region. The plant is expected to enhance regional supply capabilities, improve speed to market, and ensure better product availability across KSA and other GCC countries.
Prime Focus Ltd has received an intimation on December 29, 2025, from its subsidiary (indirect), Brahma AI Holdings Limited, that Brahma has incorporated a wholly owned subsidiary in the name of “Brahma AI ME Ltd” on December 29. The subsidiary will facilitate AI business in the United Arab Emirates.
Senco Gold, which had entered a strategic partnership with August Jewellery Private Limited (AJPL), owner of the Melorra brand, has extended the deal till March 2026. The agreement aims to expand Senco Gold’s market reach, especially among younger demographics, and enhance its product portfolio with high-margin diamond jewellery.
The board of Grasim Industries Ltd has, inter alia, considered and approved a composite scheme of arrangement amongst Essel Mining & Industries Ltd, an Aditya Birla Group Company, and Aditya Birla Renewables Ltd, a wholly owned subsidiary of the company, The above Scheme would create a consolidated renewable energy platform along with ancillary services, under the Transferee Company to simplify the management and operational structures of the Companies and would increase efficiency by reaping benefits of economies of scale and synergies.
(RVNL) has emerged as the lowest bidder (L1) for a project awarded by East Coast Railway. The project involves setting up a wagon periodic overhaul (POH) workshop with a capacity of 200 wagons at Kantabanji. East Coast Railway is the entity awarding the contract. The total project cost, excluding goods and services tax, is Rs 201.23 crore. The contract has been awarded to Rail Vikas Nigam as the sole bidder. The project’s completion time is 18 months.