Tata Communications on Monday said it has issued commercial papers to raise ₹465 crore. The commercial papers were issued on February 21 and May 23, 2025, is the date of redemption. The face value per security is ₹5 lakh and the company has offered a discount of 7.47 per cent per annum on the security.
Torrent Power on Monday said its arm, Torrent Green Energy (TGEPL), has incorporated Torrent Urja 32 Pvt Ltd (TU32) to generate electricity from renewable energy. TU32, registered with the Registrar of Companies, Gujarat at Ahmedabad on February 12, 2025, is yet to commence its business operations, a regulatory filing said. The authorised as well as paid-up share capital stands at ₹5 lakh.
IREDA has got its shareholders’ approval for raising up to ₹5,000 crore through issuance of equity shares to qualified institutional buyers. As per the notice, the company anticipates growth opportunities in its existing operations and continues to evaluate various avenues, for which it requires capital.
Life Insurance Corporation of India (LIC) The tax authorities have slapped a demand notice of about Rs 57.2 crore on LIC for excess Input Tax Credit (ITC) availed for the financial year 2020-21. The financial impact of the demand is to the extent of the GST (Rs 31,04,35,201), Interest (Rs 23,13,21,002) and Penalty (Rs 3,10,43,519), it said.
Biocon Biologics, subsidiary of Biocon, has launched a biosimilar product to treat certain autoimmune diseases, in the US market. YESINTEK (ustekinumab-kfce), which is approved for the treatment of Crohn’s disease, ulcerative colitis, plaque psoriasis and psoriatic arthritis, is now available to patients in the US, the company said in a statement. The product is biosimilar to Stelara.
Texmaco Rail & Engineering has entered into a strategic Memorandum of Understanding (MoU) with Nevomo, a Polish technology entity founded in 2017, and a European pioneer in next-generation Magrail technology and Linear Propulsion Systems, along with related technology solutions. This agreement heralds a new era of rail infrastructure innovation, high speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains.
Blinkit has received capital infusion of ₹1,500 crore from its parent Zomato, which had infused ₹500 crore in Blinkit earlier this month. Zomato has invested ₹4,300 crore in Blinkit so far, since it took over the online grocery delivery company.
NTPC Green Energy has signed a Memorandum of Understanding (MoU) with Madhya Pradesh Power Generating Company (MPPGCL) at the Global Investors Summit in Bhopal, to develop renewable energy parks and projects in the state.
