Vedanta Ltd has extended the deadline for its proposed demerger to June 30, citing pending government approvals. The development is expected to have implications for the company’s financial structure and shareholding pattern.
NTPC Green Energy has entered into an agreement with PTC India to explore avenues for the sale of renewable energy. Separately, its subsidiary NTPC Renewable Energy has signed a green ammonia supply agreement with Solar Energy Corporation of India, expanding its renewable energy portfolio.
Granules India’s subsidiary, Granules Life Sciences, has received a Voluntary Action Indicated (VAI) status following an inspection by the US Food and Drug Administration. The status indicates regulatory observations that do not require immediate corrective action.
The government has increased the price of APM gas to $7 per mmBtu from $6.75 per mmBtu. The revision is expected to have a direct impact on ONGC’s earnings.
Bharti Airtel’s subsidiary Nxtra Data will receive an investment of $1 billion from investors including Alpha Wave Global, Carlyle, and Anchorage Capital. The investment is aimed at expanding the company’s data center network.
InterGlobe Aviation, which operates IndiGo, has appointed William Walsh as its Chief Executive Officer, with tenure indicated until August 3, 2026.
Jubilant FoodWorks has decided not to renew its franchise agreement with the Dunkin brand beyond December 31, 2026. The company will determine the future of its Dunkin outlets in a phased manner.
PhysicsWallah reported collections of Rs 205 crore within 20 days of launching its online batch, reflecting an increase of approximately 36 percent compared to previous figures.
Corona Remedies has acquired the Wokadine brand from Dr Reddy’s Laboratories, marking its entry into the povidone-iodine segment.
Kwality Wall’s has acquired a 61.9 percent stake in Magnum Ice Cream Company under an agreement with Unilever and has also appointed new directors as part of the transaction.
