The Competition Commission of India on Tuesday cleared ONGC-NTPC Green’s proposal to acquire renewable energy firm Ayana for Rs 19,500 crore ($2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), is a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL). “The proposed combination involves the acquisition of 100 per cent equity share capital of the target (Ayana Renewable Power) by the acquirer (ONGC NTPC Green), the regulator said in a release.
Tata Consultancy Services Ltd (TCS), on Tuesday (March 11) said it has signed an agreement to acquire 100% equity shares of Darshita Southern India Happy Homes Private Limited for ₹2,250 crore. The acquisition is aimed at securing land and a commercial building to serve as a new delivery center for the IT services giant.
Godrej Agrovet on Tuesday moved to acquire the residual 48.06 per cent stake in Hyderabad-based milk procurement and processing company Creamline Dairy Products for Rs 930 crore. The city-based Godrej Agrovet’s board decided to acquire the stake to bring Creamline, which is also into manufacturing and selling of milk, and its products under the ‘Godrej Jersey’ brand, as a wholly-owned subsidiary against cash, as per an exchange filing.
Shruti Shibulal, daughter of Infosys co-founder and former CEO SD Shibulal, on Tuesday bought the IT major’s shares worth Rs 494 crore through an open market transaction. According to the block deal data available on the National Stock Exchange (NSE), Shruti Shibulal, one of the promoters of Infosys, purchased 29,84,057 shares of the company at an average price of Rs 1,657 apiece, taking the transaction value to Rs 494.46 crore.
KPI Green Energy on Tuesday announced appointment of Surinder Kumar Negi as its Chief Operating Officer (COO). The appointment is effective from March 12, the company said in an exchange filing.
Bharti Airtel (Airtel) on Tuesday said it has signed an agreement with Elon Musk’s SpaceX to bring Starlink’s high-speed Internet services to its customers in India. This is the first agreement to be signed in India, which is subject to SpaceX receiving its own authorisations to sell Starlink in India. The company is yet to get a licence from the Indian government. “It enables Airtel and SpaceX to further explore how Starlink can complement and expand Airtel’s offerings, and how Airtel’s expertise in the Indian market complements SpaceX’s direct offerings to consumers and businesses,” Airtel said in a filing to stock exchanges.
Swiggy has announced a partnership with Sulabh International. The partnership, announced on the sidelines of the inaugural edition of the Swiggy Sustainability Summit 2025, will enable Swiggy’s delivery partners across key cities including, Mumbai, Thane, Pune, Hyderabad, Bengaluru, Chennai, and cities in Delhi NCR to use Sulabh Shauchalya free of charge, after registering on the Swiggy app.
Rail Vikas Nigam Ltd has secured a a Rs 554.64-crore contract awarded by the National Highways Authority of India (NHAI). The project involves the construction of a six-lane access-controlled connectivity road linking Sabbavaram bypass to Sheelanagar junction of NH-516C in Andhra Pradesh.
FSN E-Commerce (Nykaa) has incorporated a new wholly-owned subsidiary Nykaa Essentials that will focus on the beauty and personal care (BPC) retail business. The authorised share capital of Nykaa Essentials is Rs 10 crore and paid-up share capital will be Rs 5 lakh.
The board of PB Fintech (Policybazaar) has approved an investment of up to Rs 696 crore in its wholly-owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during the financial year 2025-26, PB Fintech Ltd said in a regulatory filing.
Kaynes Technology India Ltd (KTIL) has informed the exchanges that its Managing Director, Ramesh Kunhikannan, has received a Show-Cause Notice from the Securities and Exchange Board of India for alleged violations in maintaining the Structured Digital Database (SDD) related to the company’s financial results for the period ending March 31, 2023, under the SEBI (Prohibition of Insider Trading) Regulations, 2015. “We are currently reviewing the contents of the notice and will take all appropriate legal and procedural steps, including providing a timely response to SEBI. The Company, Noticee and all concerned remain committed to fully cooperating with SEBI to resolve this matter in accordance with the applicable legal and regulatory framework,” it added.
