The Abu Dhabi Investment Office (ADIO) supports Samvardhana Motherson International Ltd’s manufacturing hub in Abu Dhabi, further strengthening the emirate as a global hub for advanced manufacturing and automotive supply chains. The partnership reflects ADIO’s focus on enabling advanced manufacturing and high-value supply chains across priority industrial sectors, thereby reinforcing Abu Dhabi’s competitiveness in manufacturing and exports.
Clean Max–Apple India investment restructuring
Clean Max Enviro Energy Solutions Limited executed an amended investment agreement with Apple India Pvt Ltd and Clean Max Taurus Pvt Ltd, changing the sequencing of investments from the March 19 agreement. First, the company will invest in Taurus. Next, Taurus will acquire equity shares of three subsidiary SPVs—Clean Max Ganga, Clean Max Kruger, and Clean Max Sapphire—before Apple India completes its investment. Following these steps, the Company will hold about 51 per cent and Apple India 49 per cent of Taurus, with the equity priced at Rs 4,377 per share. Finally, share transfers under the amended SPAs should be completed by May 12.
Brigade Enterprises announces bonus issue
The board of directors of Brigade Enterprises Ltd has recommended the issue of bonus equity shares in the proportion of 1:3, as on the record date, subject to the approval of the members. The record date for reckoning the eligible shareholders for bonus equity shares will be communicated separately.
Gandhar Oil expands land bank in Silvassa
Gandhar Oil Refinery (India) Ltd has completed the transaction for the purchase of a land parcel measuring 01 Hector 83.53 Are, i.e. equivalent to 18,353 sq. metres, at Naroli, Patelad, Silvassa, Dadra and Nagar Haveli and Daman and Diu, adjoining to its present factory location at Silvassa.
Thyrocare enters genomics space with new lab
Thyrocare Technologies Ltd has announced the launch of its state-of-the-art genomics laboratory in Navi Mumbai. With this launch, Thyrocare is expanding its portfolio with a new range of speciality genomics tests, powered by a state-of-the-art facility equipped with advanced next-generation sequencing technologies and supported by robust bioinformatics and data interpretation capabilities. Designed for high-throughput genomic analysis, the laboratory enables accurate, consistent, and scalable testing, delivering high standards of reporting excellence. This is further supported by a newly onboarded specialised on-ground team, which ensures seamless delivery and accelerates the adoption of these advanced testing capabilities.
Shringar House expands manufacturing capacity
Shringar House of Mangalsutra Ltd has launched a manufacturing facility in Kandivali, Mumbai, marking a significant milestone in its growth and capacity augmentation journey. The unit is equipped with advanced machinery and upgraded systems designed to enhance precision manufacturing and improve turnaround timelines.
Motilal Oswal enters pension fund management
Motilal Oswal Asset Management Company Ltd has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to act as a Sponsor of Pension Fund under the National Pension System (NPS). This approval follows the company’s application responding to PFRDA’s invitation for pension fund sponsor selection under its Registration Guidelines. As mandated, Motilal Oswal will set up a separate pension fund entity to act as investment manager, overseeing subscribers’ NPS contributions and managing pension assets in compliance with the PFRDA Act, 2013 and applicable regulations.
Wadhwa Group partners Arisinfra for Panvel monetisation
The Wadhwa Group has entered into a strategic partnership with ArisUnitern RE Solutions Private Limited (Unitern), a subsidiary of Arisinfra Solutions Ltd, to drive growth at Wadhwa Wise City (WWC), its flagship integrated township in Panvel, Maharashtra. The alliance will focus on monetising approximately ₹650 crore in inventory, with plans to release an additional ₹400-450 crore.
Hero MotoCorp expands premium retail footprint in Tamil Nadu
Hero MotoCorp has announced a significant expansion of its premium retail footprint in Southern India with the grand opening of two new Hero PREMIA stores in Dindigul and Tiruppur, Tamil Nadu. This double launch brings the total number of Premia stores in Tamil Nadu to 11, reflecting the brand’s aggressive expansion strategy in a rapidly evolving premium market. The new outlets include 3S facilities in prominent areas: Cooperative Nagar, Dindigul (operated by Palaniappas Motors) and Palladam Road, Tiruppur (operated by Velavan Motors).
Zaggle signs three-year deal with Supreme Industries
Zaggle Prepaid Ocean Services signed a three-year agreement with Supreme Industries Ltd to provide its Zaggle Propel reward platform for channel rewards and recognition. The company stated in an exchange filing that the contract, awarded by a domestic entity, is domestic in nature.