TVS Supply Chain Solutions Ltd on Monday said it has secured a three-year contract from Daimler India Commercial Vehicles to manage in-plant warehouse operations at the truck manufacturer’s facility in Oragadam. The partnership reinforces TVS Supply Chain Solutions’ focus on delivering efficient, technology-driven supply chain solutions to global automotive manufacturers. Under the agreement, around 700 employees from TVS Supply Chain Solutions will be deployed to manage end-to-end warehouse operations within DICV’s manufacturing facility, “ensuring seamless material flow, optimised inventory management and enhanced operational efficiency,” the company said in a press release.
The board of has approved the floor price for the qualified institutional placement (QIP) of equity shares, up to ₹4,500 crore. The floor price for the issue has been set at ₹387.74 per share, with a discount of up to 5 per cent available. The final issue price will be determined by the company in consultation with the book-running lead managers appointed for the QIP, the Bengaluru-based company said in a BSE filing.
In a major boost to India’s renewable energy expansion, state-owned on Monday approved the proposed listing of its wholly-owned subsidiary NLC India Renewables Limited (NIRL) by diluting up to 25% equity stake through public offer, while also declaring an interim dividend of Rs 3.60 per share for FY26. The decision was taken at the company’s board meeting held on January 12, 2026. The move aligns with the Government of India’s National Monetisation Pipeline and will be routed through the Ministry of Coal and the Department of Investment and Public Asset Management (DIPAM) for final approvals.
Taurian MPS Ltd, an NSE-Emerge listed company, has received confirmed orders aggregating to ₹34.02 crore, inclusive of GST, during the recently concluded EXCON Exhibition. The aforesaid orders have been received from a mix of domestic and international customers for the supply of construction and mining equipment.
The board of KRN Heat Exchanger and Refrigeration has approved a Modification/amendment in the Loan agreement executed on April 15, 2023, with KRN HVAC Products Pvt. Ltd, a wholly owned subsidiary Company, into a convertible loan into Equity shares of the borrower as per the discretion of the lender for an amount not exceeding ₹100 crore.
HSCC (India) Ltd, wholly owned subsidiary of State-owned , has entered into a memorandum of understanding with (BEL) to establish a strategic collaboration in the healthcare manufacturing and service ecosystem. The MoU establishes a comprehensive framework for cooperation between HSCC and BEL across multiple healthcare domains. The collaboration encompasses several key areas designed to strengthen both companies’ presence in the healthcare sector.
IndiQube, one of India’s leading tech-enabled workspace solutions platforms, announced its expansion into Bhubaneswar, marking its 17th city of operations. This launch makes Bhubaneswar IndiQube’s second city in East India after Kolkata, further strengthening the company’s pan-India footprint and reinforcing its commitment to building scalable workspaces in emerging markets. The new centre spanning over 45,000 sq. ft. is located in Patia, Infocity, a key business district and one of Bhubaneswar’s most prominent IT and commercial hubs. With this expansion, IndiQube continues to deepen its presence in high-potential Tier II cities, aligning with India’s evolving enterprise and talent landscape.
Ceat has received an intimation today regarding the incorporation of a wholly owned subsidiary, namely “Ceat International UK Ltd”, set up in the United Kingdom.
Sical Logistics has received a letter of acceptance from South Eastern Coalfields Ltd (SECL) for a major project worth ₹4,038 crore, including GST. The contract represents a significant business win for the integrated logistics service provider. Sical Logistics will execute the project in accordance with the specifications outlined in the tender. The company confirmed that the promoter, promoter group, and group companies do not have any interest in SECL, and that the contract is not a related party transaction.
Regaal informed the exchanges that officers of the Directorate General of GST Intelligence (DGGI), Patna Zonal Unit, conducted a Search operation at the company’s premises on January 10 and January 11. As of the date, no order, demand, penalty, or assessment has been passed against the Company. The company is currently evaluating the matter and will take appropriate action in due course, in accordance with applicable laws and Regulations.
The board of directors of RM Drip and Sprinklers Systems has approved the establishment of a new, state-of-the-art manufacturing facility through Brahmanand Pipes Private Ltd, a proposed wholly owned subsidiary, at Sinnar, District Nashik, Maharashtra. The new unit will have an installed capacity of approximately 12,000 tonnes per annum, significantly enhancing RMDRIP’s manufacturing footprint.