NTPC and EDF India, an arm of French firm Electricite de France, have joined hands to set up pumped hydro storage and other hydro projects bundled with renewable energy projects; they will also explore opportunities in the distribution business. NTPC and EDF India have signed a non-binding term sheet to develop, own, operate and maintain pumped storage projects and any other hydro-power projects, a statement said. Under the agreement signed on Sunday, NTPC and EDF propose to form a JVC with 50: 50 partnership after requisite approval from the Centre.
Hazoor Multi Projects Ltd has secured a ₹102-crore order to provide steel works in Maharashtra. The project has been awarded by Venkatesh Infra Projects and will be executed in six months, the company said in a statement.
Schneider Electric on Saturday announced plans to open three more manufacturing plants in India. Speaking at the inaugural session of Elecrama 2025, Schneider Electric CEO Olivier Blum said the company plans to make regular investments in India The company currently has 31 manufacturing plants in the country. The three new plants will come up at Kolkata, Hyderabad and Ahmednagar, he said at the event organised by industry body IEEMA in Greater Noida.
Vedanta Ltd has been declared the preferred bidder for a diamond mine in Madhya Pradesh The company said it is the highest bidder with a final price offer of 1.10 per cent. “The company has been declared ‘Preferred Bidder’ for the Kauhari Diamond Block,” Vedanta said in a regulatory filing. The mine is at the G4 level of exploration, with a total area of 643.4169 hectares for the block.
Swiggy will invest up to ₹1,000 crore in one or more tranches to expand its wholly-owned subsidiary ‘Scootsy Logistics’ which is engaged in the supply chain and distribution business. The investment is towards working capital and other capital expenditures as part of the company’s business expansion.
ZF Group, global leader in drive line and chassis technology, has inaugurated its first ZF (pro) Tech plus workshop in Delhi aimed at providing support to workshop partners in the automotive industry, a top official said. The ZF (pro) Tech workshop provides extensive on-site support for workshops, ensuring manufacturer expertise for all critical parts. The inauguration also marks the foundation for a country-wide roll-out, ZF Group said in a press release on Saturday.
Jio Financial Services Ltd and Zomato Ltd will enter the National Stock Exchange’s benchmark Nifty 50 index from March 28. As per the revisions, Bharat Petroleum Corporation Ltd. (BPCL) and Britannia Industries Ltd will be excluded from the index, according to a release from NSE Indices. The Index Maintenance Sub-Committee of NSE Indices Ltd has announced changes to the Nifty 50 index as part of its semi-annual review, effective from March 28, 2025.
Niyogin Fintech Ltd has announced the conversion of its warrants, raising ₹56.2 crore. Following board approval 1,64,40,011 equity shares were allotted post-conversion. The warrants were converted at a price of ₹45.62 per share.
Granules India has signed an agreement to acquire Senn Chemicals AG, a Swiss-based CDMO specialising in peptides for CHF 20 million (approximately ₹192.50 crore, excluding applicable charges & expenses). This acquisition strengthens Granules India’s presence in peptide-based therapeutics and CDMO segments.
The Bharti Airtel board has approved raising the stake-holding in Airtel Africa by up to 5 per cent, the telecom firm said in a statutory filing on Friday. Airtel Africa Mauritius Ltd, which is a step-down subsidiary of Bharti Airtel, holds 57.29 per cent of Airtel Africa plc. The said acquisition is being done to increase stake in Airtel Africa plc, it said.
The board of directors of Bajaj Auto has approved investment of up to Euro 150 million (equivalent to ₹1,364 crore) in Bajaj Auto International Holdings BV, Netherlands, a wholly-owned subsidiary.
The US health regulator USFDA has pulled up Jagsonpal Pharmaceuticals for significant manufacturing lapses at its Rajasthan-based active pharmaceutical ingredients (APIs) plant. In a warning letter issued to the company’s Managing Director Manish Gupta, the US Food and Drug Administration noted that the correspondence summarises significant deviations from Current Good Manufacturing Practice for APIs
