HCLTechnologies has signed a global partnership agreement with OpenAI rival artificial intelligence (AI) company Anthropic to expand the deployment of agentic AI across enterprises, with a focus on safety, cybersecurity and governance, the company said in a statement. Under the agreement, HCLTech will establish a dedicated Anthropic Business Unit and a Centre of Excellence (CoE) to develop AI solutions and support enterprise deployments of Anthropic’s Claude models.
Bank of India (BoI) has classified the Future Enterprise Ltd (FEL) account, currently listed as a Non-Performing Asset in its books, as fraud. Kishore Biyani-promoted FEL owes the public sector bank Rs 575.40 crore, per the BoI’s regulatory filing. The Bank has fully provisioned for this exposure. The filing said the fraud classification follows the Bank’s “Policy on determination and disclosure of Material events / information”.
Nazara Techologies has announced a rejig in its Director and management mix with Founder Nitin Mittersain stepping down from his role as Managing Director. Mittersain will act as the Non-Executive Director effective October 12. As Founder and Non-Executive Director, Mittersain will continue to provide strategic guidance and leverage his industry experience, relationships and institutional knowledge to support the Company’s long-term growth and global ambitions. However, the company has not disclosed who will be taking over as Managing Director. Earlier, Raymond Albaladejo Stauffer took over as the Chief Executive Officer of Nazara.
The board of TD Power Systems Limited has announced the successful completion of its Qualified Institutions Placement (QIP) following the approval of equity share allotments of 77,41,935 equity shares as ₹775 a share for ₹600 crore.
Juniper Green Energy Ltd has fully commissioned its 150 MW Wind Solar Hybrid Power Project under the Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited with the commissioning of final 5 MW wind turbine at the project site today i.e. October 12. The commissioning has been witnessed and confirmed by officials of Gujarat Energy Development Agency and Paschim Gujarat Vij Company Ltd, and the formal certificate is expected to be issued shortly.
Goodluck India Ltd has announced that its subsidiary, Goodluck Defence & Aerospace Ltd (GDAL), has emerged as the sole technically qualified bidder for the supply of specialised 155 mm HE M1A4 Readyto-Fill Artillery Shells to Munitions India Limited (MIL), following the audit and technical evaluation of various existing suppliers. The qualification underscores GDAL’s manufacturing capabilities, quality standards, and technical competence in meeting the specialised requirements of the defence sector. Following the evaluation process, GDAL has been identified as the only technically qualified supplier for this specialised product.
Airfloa Rail Technology Ltd, formerly known as Airflow Equipments India Pvt Ltd, has announced that it has received a Letter of Acceptance for a major new work order valued at ₹34.85 crore. The contract has been awarded to a consortium formed by Airfloa Rail Technology Ltd as the lead member alongside BLUE Engineering, Italy. The work order was awarded by a domestic government entity, ICF-HQ-Mechanical, Office of the CDE/Mech, Integral Coach Factory located in Chennai, Tamil Nadu. The scope of the contract encompasses specialised interior design and prototype modeling for India’s premium rail infrastructure, specifically: Interior design of the Vande Bharat Sleeper Trainset for one set.
The board of Globus Power Generation has approved a proposal to acquire up to a 51 percent partnership stake in Transtech Punjab CBG LLP for Rs 65 lakh. The strategic investment aims to support the generation of biofuels, including Compressed Bio-Gas (CBG) and Compressed Natural Gas (CNG), utilizing conventional and non-conventional methods such as agricultural biomass waste.
Vikran Engineering Ltd has announced that its wholly-owned subsidiary, NOPL Solar Projects Private Limited, has executed a facility agreement with Indian Renewable Energy Development Agency Ltd to secure a rupee term loan facility aggregating up to ₹2,941.19 crore. The rupee term loan facility provided by IREDA will part-finance the development of a 969 MWac / 1,163 MWp solar photovoltaic power project. The project is being developed across 152 locations in Maharashtra under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY) Scheme.
ARSS Infrastructure Projects Limited has received a work order valued at ₹22.67 crore from the Office of the Superintending Engineer, Kataka, under the Odisha State Plan. The contract pertains to road infrastructure improvement in Cuttack District, Odisha. The execution period is 8 months
Minda Corporation Ltd has announced the execution of a Share Subscription Agreement with Sunsure Energy Private Limited and Sunsure Solarpark Sixteen Private Limited to acquire a 26 percent equity stake in Sunsure Solarpark Sixteen Private Limited for Rs 57.75 lakh. The strategic acquisition is aimed at reducing Minda Corporation’s operational power costs by transitioning toward cost-effective and environmentally friendly solar and wind energy sources.
IRCON International Ltd has received a Letter of Acceptance (LoA) for an engineering, procurement and construction (EPC) contract worth ₹862.46 crore from East Central Railway for track works and the supply of railway materials linked to the construction of the third and fourth lines of the Son Nagar-Andal project.
Ceigall India Limited has entered into Share Purchase Agreement with REC Power Development and Consultancy Limited for acquiring 100% equity shares of Jam Khambhaliya Jamnagar Power Transmission Limited. Subsequent to this acquisition JKJTL has become wholly owned subsidiary of Ceigall India Ltd.