State Bank of India raised ₹6,051 crore through Tier-2 bonds. The capital infusion is expected to support the bank’s financial position and lending capacity.
RBL Bank has been appointed as the collecting bank for the proposed IPO of XED Executive Development Ltd. The issue is set to be the first public offering from GIFT City.
Tata Steel has received approval for its merger with Neelachal Ispat Nigam Limited. The company has also approved an investment of $2 billion in its overseas subsidiary T Steel Holdings Pte. In addition, Tata Steel signed a memorandum of understanding with the University of Science and Technology Beijing for low-carbon steel technology.
Varun Beverages has acquired Crickley Dairy. The acquisition is aimed at expanding the company’s dairy business and product portfolio.
The National Company Law Tribunal has approved Adani Enterprises’ acquisition of Jaiprakash Associates Ltd for ₹14,535 crore.
Wipro has entered into a partnership with AI platform Harness to support enterprise software delivery, with a focus on AI-native development.
Shree Cement has been declared the preferred bidder for the Dommarnandyala-1 limestone block in Kadapa district, Andhra Pradesh.
Tech Mahindra has acquired the remaining 20 percent stake in Tech Mahindra Arabia from Midad for ₹206.2 crore, making it a wholly owned subsidiary.
The US Food and Drug Administration conducted an inspection of Aurobindo Pharma’s Eugia Pharma Specialities Unit-II and issued a Form 483 with nine observations. The facility has been classified under Official Action Indicated (OAI) status.
JK Cement’s subsidiary Saifco has received a notice from the Legal Metrology Department of Jammu and Kashmir and has sought time to respond.
Tamilnadu Petroproducts has temporarily shut its HCD plant, citing force majeure due to geopolitical conditions in the Middle East.
Union Bank of India has approved a plan to raise up to ₹20,000 crore through infrastructure bonds.
CESC Limited has issued four letters of award to Purvah Green Power, Vismaya Renewables, Hexa Climate Solutions, and Sprng Energy for wind-solar hybrid projects.
SBI Mutual Fund has increased its stake in Urban Company to 3.98 percent, while several foreign investors have exited their holdings.
