Tata Motors today announced a price increase of up to 1.5 per cent across its commercial vehicle range, effective April 1. The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs. The increase will vary depending on the model and variant.
Reliance Industries Ltd (RIL) has entered into a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of Green Ammonia over a 15-year period commencing in the second half of FY2029. The SPA, valued at more than $3 billion, is one of the largest binding long-term Green Ammonia off-take agreements globally. The SPA sets a new benchmark in the global energy landscape, with India emerging as an exporter of green fuels produced through an end-to-end value chain anchored in the country, including the domestic manufacturing of critical clean-energy equipment, aligned with India’s National Green Hydrogen Mission (NGHM).
Software
L&T Technology Services Ltd, a global leader in AI, Digital & R&D Consulting Services, has announced its next-generation, AI-powered digital twin platform for lung navigation, surgical planning and respiratory diagnostics. The platform combines LTTS’ industry-leading MedTech expertise across medical imaging, AI-driven diagnostics, and connected healthcare systems with NVIDIA AI infrastructure to enable greater precision and enhanced outcomes.
Nucleus Software, a global leader in digital lending and transaction banking platforms, has announced the appointment of Yasmin Javeri Krishan as Chairperson of its Board of Directors, effective March 19. Yasmin Krishan has served as a Non-Executive, Independent Director on the Board since July 2020 and has been associated with the Company’s wholly owned Singapore subsidiary Board since 2016, contributing significantly to strengthening governance processes and strategic oversight across the Group.
Real estate players
Oberoi Realty Ltd has today entered into a development agreement for lands situate at Aram Nagar, Versova, Andheri West, Mumbai, belonging to Maharashtra Housing and Area Development Authority (MHADA). Based on the extant provisions of the Development Control and Promotion Regulations for Greater Mumbai, 2034, the Company expects its share of the free sale component to be approximately 17.18 lakh square feet (RERA carpet area) (excluding its share of rehab component for existing tenants).
The National Company Law Appellate Tribunal (NCLAT) has restored an insolvency appeal against Dilip Buildcon, a construction and infrastructure development company. A two-member bench of the NCLAT on December 12, 2025, dismissed the appeal filed by Shyamji Construction Co against Dilip Buildcon on the ground of ‘non-prosecution’.
PSU stocks
The board of REC Ltd has approved the fourth interim dividend at 32 per cent, or ₹3.20 per equity share, with a face value of ₹10 each, for 2025-26. The record date for the said interim dividend is fixed as March 20, 2026, and the said interim dividend shall be paid on or before April 14, 2026, a regulatory filing said.
Gujarat Mineral Development Corporation Ltd. (GMDC), a Government of Gujarat enterprise has entered into a Memorandum of Understanding (MoU) with NMDC Limited, a Government of India Navratna PSU, to explore opportunities for collaboration in the Rare Earth Elements (REE) sector. The collaboration will focus on assessing the potential development of an integrated rare earth value chain in Gujarat, including exploration, mining, beneficiation, processing and downstream applications. The engagement will primarily explore opportunities associated with GMDC’s Ambadungar Rare Earth deposit, a strategic initiative aimed at strengthening India’s capabilities in the rare earths sector.
Production/manufacturing
Carborundum Universal Ltd (CUMI) has announced the commencement of commercial production of its Cutting and Grinding wheels (Thin wheel) at its Hosur facility. In 2023, the CUMI Group acquired the manufacturing lines, technology and brand of DRONCO GmbH, Germany. These manufacturing lines have been relocated and commissioned at CUMI India’s Hosur facility. With the commissioning of this new production facility, CUMI India’s total annual cutting and grinding wheel manufacturing capacity will increase from 45 million wheels to over 90 million wheels.
Fiem Industries Limited has announced the commissioning and inauguration of a new modern Electromagnetic Interference (EMI) and Electromagnetic Compatibility (EMC) Testing Laboratory at its R&D-Electronics, Innovation Centre & Corporate Office in Gurugram. The facility has been established to support the Company’s growing focus on automotive lighting electronics for two-wheelers and four-wheelers, particularly as LED lighting systems and electronic controls are becoming increasingly integral to modern automotive lighting solutions.
Cupid Breweries and Distilleries Ltd has executed an agreement with Bansal Udyog Private Ltd. Through this arrangement, the company is further expanding its presence in West Bengal, which is one of the largest markets in India for consumption of alco-beverage products. The arrangement will enable the company to undertake seed marketing / test marketing activities in the region, allowing the Company to generate revenue while gaining insights into consumer demand patterns, market trends and distribution dynamics in the State. This initiative is expected to enhance the Company’s market reach and support its broader strategy of expanding its presence in high-consumption markets within the alcoholic beverages industry.
Bajaj Electricals Ltd announced the signing of a definitive agreement to acquire the intellectual property and brand rights of Morphy Richards in India and select South Asian markets for a consideration of ₹141.4 crore. This landmark move builds upon more than two decades of successful collaboration under licensing agreements and enables Bajaj Electricals to fully own and steer the Morphy Richards portfolio in India, Nepal, Bhutan, Bangladesh, Sri Lanka and the Maldives.
AVI Polymers Limited has announced the launch of AVI Eco Spark Private Ltd, a wholly owned subsidiary focused on developing AI and IoT based smart farming solutions designed to support farmers of all scales across India. AVI Eco Spark Private Ltd has been established with the goal of building a digital agriculture platform that combines artificial intelligence, IoT-enabled monitoring, predictive analytics, and mobile-first farm intelligence tools to improve productivity, input efficiency, crop management, and decision-making across agricultural operations.
Rating upgrade
Paisalo Digital Ltd, a leading non-banking finance company focused on inclusive lending, has strengthened its credit profile by obtaining an additional external credit rating from Brickwork Ratings India Private Limited for its proposed Non-Convertible Debentures (NCDs). The rating agency has assigned a long-term rating of “BWR AA / Stable” for the Company’s proposed ₹1,500 crore NCD issuance, supplementing the Company’s existing rating from Infomerics Analytics and Research Private Limited. This dual rating reflects Paisalo’s continued commitment to transparency, strong governance standards, and broader investor participation in its debt capital market issuances.
Acquisition
Leela Palaces, Hotels and Resorts has announced a marquee acquisition of an ultra-luxury resort in Coorg, marking the brand’s entry into immersive, nature-led and wellness anchored hospitality. The 71 all-villa property, set within 76 acres of lush landscape near Madikeri and surrounded by coffee and spice plantations, will be unveiled as The Leela Coorg Forest Sanctuary later this year.