28 Dec 2025

Tata Steel has received approval from the Competition Commission of India to acquire full ownership of Tata BlueScope Steel by purchasing the remaining 50 per cent stake from its joint venture partner. The regulatory clearance marks a key step in Tata Steel's plan to consolidate its coated steel business and simplify its corporate structure. With this approval, Tata Steel will gain complete strategic and operational control over the company, allowing closer alignment with its long-term growth objectives. The acquisition is expected to strengthen Tata Steel's downstream portfolio, improve operational efficiencies, and enhance its ability to respond to market demand in value-added steel segments.Read more

28 Dec 2025

NTPC Green Energy Ltd is set to begin commercial operations of a 69 MW solar power capacity at Khavda in Gujarat from Thursday, marking another milestone in its renewable energy expansion. The capacity forms part of the larger 1,255 MW Khavda-I Solar PV Project being developed under the CPSU Scheme Phase-II Tranche-III. With this addition, NTPC Green Energy's total installed renewable capacity will rise to 7,996.30 MW, while the overall installed capacity of the NTPC Group will reach 85,610 MW. The development underscores NTPC's commitment to accelerating India's clean energy transition.Read more

26 Dec 2025

UK Paints Pvt Ltd, an affiliate of the UK Group, has agreed to acquire an additional 14.48% stake in Berger Paints India through an internal restructuring arrangement, enhancing its strategic shareholding in the country's second-largest paint manufacturer. The acquisition will be carried out via a share purchase from existing promoters and related entities, strengthening UK Paints overall equity in the company. The transaction is aimed at consolidating promoter holding and streamlining the shareholding structure. Berger Paints India is a well-established player in the decorative paints segment, with a pan-India distribution network and a broad product portfolio spanning decorative and industrial paints.Read more

26 Dec 2025

LNJ Bhilwara Group has signed a definitive agreement to acquire a 100 per cent stake in Mandakini Jal Urja, which is developing a 76 MW hydropower project in Uttarakhand. The acquisition will be carried out through Bhilwara Energy, the Group's energy arm, by purchasing the full equity from Statkraft IH Holding AS. The project, located in Rudraprayag district, is a run-of-river hydroelectric facility aimed at strengthening renewable power generation in the state. Bhilwara Energy said the deal will expand its hydropower portfolio and support its focus on sustainable energy infrastructure. Statkraft stated the divestment aligns with its strategy to streamline international operations. The transaction is subject to customary approvals.Read more

24 Dec 2025

RITES Ltd has secured an international contract worth INR 315.7 crore from South Africa-based Ndalama Capital (Pty) Ltd for the supply and commissioning of diesel-electric locomotives. The order, valued at about USD 35.2 million, will be executed over a period of 18 months. The contract involves the delivery of Cape gauge locomotives on a CIF basis. This development strengthens RITES's overseas order book and highlights its continued expansion in African railway infrastructure projects.Read more

24 Dec 2025

Adani Group's solar, wind and green hydrogen businesses recorded a strong operational year, marked by manufacturing milestones, technology certifications and first-of-its-kind projects in India. Adani Solar crossed 15,000 MW in cumulative module shipments, while Adani Wind exceeded 1 GW of installations of its largest onshore turbine. Adani New Industries Limited commissioned India's first off-grid 5 MW green hydrogen pilot plant powered entirely by solar energy and battery storage. These developments aligned with India's rapid renewable energy expansion and growing global clean-energy supply realignment.Read more

24 Dec 2025

Ambuja Cements has approved the merger of ACC and Orient Cement into the parent company, creating a unified cement platform with a total capacity of 107 MTPA. The move will integrate ACC, Orient, Penna and Sanghi under one structure, improve operational efficiency, and reduce costs. Share swap ratios for ACC and Orient shareholders have been announced. The consolidation supports Ambuja's expansion roadmap to reach 140 MTPA by FY28 and does not require CCI approval as it is an intra-group merger.Read more

23 Dec 2025

The NSEL Investors Forum (NIF) plans to approach the Finance Ministry to accelerate the execution of the one-time settlement (OTS) approved by the National Company Law Tribunal (NCLT). The settlement between NSEL, 63 moons technologies, and investors involves Rs 1,950 crore to be paid to 5,682 traders against closure of legal cases and assignment of trader rights to 63 moons. Investors with smaller dues have already received payments. The OTS, which promises 49.3 & 64 per cent recovery for claimants, is considered fair, transparent, and a potential model for resolving similar financial disputes in India.Read more

23 Dec 2025

India's eight core infrastructure sectors grew by 1.8 per cent in November, slowing sharply from last year due to weaker output in crude oil, natural gas, refinery products and electricity. While growth improved sequentially from October's contraction, overall momentum remained subdued. During April & November, core sector growth stood at 2.4 per cent, lower than the previous year. Cement and fertiliser output showed strength, while coal and steel moderated. Economists expect industrial production growth of 3.5 & 4.5 per cent for the month.Read more

23 Dec 2025

The Indian rupee is gaining support due to active intervention by the RBI, which has tempered its previous downward trend. Dollar sales from state-run banks and reduced speculative activity have reinforced the currency, while importers are expected to hedge early this week. Bond yields are influenced by RBI liquidity moves and offshore flows, with the 10-year benchmark settling slightly higher. Repo rate cuts this year have eased pressure on markets. Foreign investors selling and upcoming economic indicators are closely watched for further market direction.Read more