The Board of Ola Electric Mobility Limited has considered and approved a proposal for raising of funds, by issue of such number of fully paid-up Equity Shares, and/or convertible securities (including warrants, or otherwise, in registered or bearer form, ADRs, GDRs, amongst others, as applicable through further public offer, rights issue, qualified institutional placement, private placement and/ or any other permitted modes under applicable laws, for an aggregate consideration of up to Rs 1,500 crore, subject to the approval of the shareholders of the company by way of postal ballot and subject to such regulatory/statutory approvals as may be required.
Reliance Intelligence Ltd, a wholly owned subsidiary of Reliance Industries Ltd, has incorporated Reliance Enterprise Intelligence Ltd. Reliance Intelligence will invest an amount of Rs. 2 crore towards the initial subscription of 20,00,000 equity shares of Rs 10 each. REIL, incorporated in India as a wholly owned subsidiary of Reliance Intelligence, will become the joint venture company as per the amended and restated joint venture agreement with Facebook Overseas, Inc., a wholly owned subsidiary of Meta Platforms, Inc. REIL will be engaged, inter alia, in developing, marketing and distributing enterprise AI services. In accordance with the JV Agreement, Reliance Intelligence will hold 70% and Facebook will hold the remaining 30% in REIL
Kotak Mahindra Bank acknowledged that the loan book for retail commercial vehicles (CVs) is witnessing “some stress” and undertook to monitor it very closely. According to CEO Ashok Vaswani, while CV lending remains an important business and can deliver strong returns on equity even after risk costs, the bank has “seen stress in the last two quarters and this quarter we saw a spike.” The bank also indicated that the stress is being driven by macro-economic drag: “the slowing macro now playing out in the micro.”
NTPC informed the exchanges that, based on the achievement of prescribed norms and after due approvals, Unit-1 (800 MW) of Patratu Super Thermal Power Project, Stage-1 (3×800 MW) of Patratu Vidyut Utpadan Nigam Ltd, a subsidiary of NTPC Ltd, has completed the trial operation and consequently been included in the installed capacity of the NTPC Group from October 16. With this, the total installed capacity of the NTPC group has become 84849 MW.
Vikran Engineering has announced the receipt of a Letter of Award(LOA) dated October 24 from Ellume Energy MH SolarOne Private Limited (SPV) of Rs. 354.21 crore for the development of a 100 MW AC Cumulative Capacity Grid Interactive Solar PV Power Project in Maharashtra.
TGV SRAAC Ltd has announced that the winding in the Transformer supplied by Transformers and Rectifiers India Ltd. (TRIL) has failed. This has resulted in production loss of about 120 TPD of caustic soda and 106 TPD of chlorine. This effect may continue for about 60 days. The company is in contact with the supplier for rewinding. The company is exploring other alternatives in this regard to facilitate an early restart.
NCC has received a Letter of Acceptance dated October 24, 2025, from Central Coalfields Limited for the Extraction and Transportation of Overburden (OB) & Coal at Amrapali OCP, Chandragupt Area, Jharkhand. The contract is for hiring of HEMM for the removal of 413.59 M CuM of OB, Extraction of 233.325 MT of Coal, & Transportation to Shivpur siding and surface stock yard under different lead slabs and wagon loading of 139.995 MT of Coal at Shivpur siding at Amrapali OCP, Chandragupt Area.
GPT Infraprojects Ltd has received contracts worth Rs. 195 crore. The contract is for Detailed Engineering, Supply and Installation, Testing and Commissioning of Conveyor Belt System for Phase 2 development works – SOCIM and TIPSP Connection to Terminal Industriel Polyvalent de San Pedro (TIPSP). The outstanding order book for the company now stands at Rs. 4,047.65 Crore with total order inflow for Fiscal 2026 of Rs. 591 Crore.
Desco Infratech Ltd has received new orders from Viviana Power Tech Ltd for about Rs 6.5 crore and from Torrent Power Ltd for Rs 14.45 lakh shares. The order is for the Development of Distribution Infrastructure Work for Package-05 (Roopnagar) for the execution of HT/LT Infrastructure Loss Reduction Works under the Reforms-Based and Results-Linked, Revamped Distribution Sector Scheme (RDSS) in Punjab and HT Cable laying by HDD Technology in Gujarat.
Airfloa Rail Technology has received a new order worth Rs. 8.54 crore from the Modern Coach Factory situated in Uttar Pradesh. The order involves the supply of Roof complete and Luggage Rack modules for LHB Coach from Modern Coach Factory situated in Uttar Pradesh.
BMW Ventures Ltd has secured an order worth Rs 4.49 crore from a structural steel manufacturer for the manufacturing, supply and erection of Pre-Engineering Steel Building (PEB) in the PEB Manufacturing division of the company.
Subros Ltd has received an order for the supply of cabin air-conditioning equipment in Diesel Electric Locomotive from Indian Railways, Banaras Locomotive Works, Varanasi. The size of the order is Rs. 27 crore (approx) (Rs 22.78 crore+GST Rs 4.10 crore).
The board of eClerx Solutions has approved a Rs 300-crore buyback proposal of not more than 6,66,666 equity shares at Rs 4,500 per share, which is nearly the same price at which the stock closed on Friday.