Business

Jaipur, January 12, 2026: Dynamic Cables Limited (BSE: 540795 | NSE: DYCL) has strengthened its quality and testing infrastructure after its Quality Control Laboratory at the Ringus manufacturing facility in Rajasthan received ISO/IEC 17025:2017 accreditation. The accreditation covers the company’s testing laboratory located at Unit-4 in the SKS Industrial Area, Ringus, Sikar district, reaffirming the laboratory’s technical competence, precision, and reliability in testing operations. The certification is valid until January 11, 2030. Accreditation DetailsParticularsDetailsFacilityQuality Control Laboratory, Unit-4LocationRingus, Sikar, RajasthanAccreditation StandardISO/IEC 17025:2017FieldTestingCertificate...

Bhubaneswar, January 12, 2026: IndiQube Spaces Limited has entered Bhubaneswar, marking its debut in Odisha and taking its operational footprint to 17 cities across India. The move strengthens the company’s presence in East India, with Bhubaneswar becoming its second city in the region after Kolkata.The new centre spans over 45,000 square feet and is located at Patia Infocity, one of Bhubaneswar’s most prominent IT and commercial hubs. The facility is designed to cater to startups, global capability centres, and large enterprises seeking flexible, technology-enabled office infrastructure in emerging urban markets.Focus on High-Growth Tier II Markets With this expansion, IndiQube continues to deepen its exposure to high-potential...

Noida, January 12, 2026: HCL Technologies Ltd (HCLTech) announced a multi-year strategic partnership with The Magnum Ice Cream Company (TMICC) to modernize and manage its global digital foundation, marking a key technology milestone as TMICC advances its journey as an independent, listed ice cream major.Under the partnership, HCLTech will design, build, and operate a future-ready IT infrastructure for TMICC, deploying its proprietary AI Force platform to embed artificial intelligence across the company’s digital ecosystem. The engagement is focused on creating scalable, resilient, and autonomous IT operations to support TMICC’s global business.Focus on AI-First, Autonomous Operations As part of the engagement, HCLTech will help...

New Delhi, January 12, 2026: Maruti Suzuki India Limited (NSE: MARUTI | BSE: 532500) has approved the acquisition of land at Khoraj Industrial Estate in Gujarat to support a significant expansion of its vehicle manufacturing capacity, reinforcing the company’s long-term growth strategy amid rising domestic and export demand.Capacity Expansion Plan The proposed project is designed to add up to 1 million units to Maruti Suzuki’s annual production capacity. The timeline and phased installation plan for the new capacity will be finalized by the board as the project progresses.Current Manufacturing Footprint Maruti Suzuki currently operates manufacturing facilities across Gurugram, Manesar, Kharkhoda, and Hansalpur, with an installed...

Bengaluru, January 12, 2026: Hinduja Global Solutions Limited (HGS) has announced the launch of AMLens, a next-generation, AI-powered platform designed to accelerate and simplify anti-money laundering investigations for financial institutions. The solution is aimed at addressing persistent industry challenges such as alert fatigue, fragmented data, and time-intensive manual reviews. Transforming AML Operations with Explainable AI AMLens combines machine learning and natural language processing to support AML teams across the full investigation lifecycle, from detection and triage to contextualization and narrative generation. Built on explainable AI principles and a human-in-the-loop framework, the platform enables transparent...

Mumbai, January 12, 2026: Kotak Mahindra Bank Limited has announced the appointment of Anup Kumar Saha as an Additional Director and Whole-time Director Designate, marking a key leadership development at the private sector lender.The Board approved Mr. Saha’s induction at its meeting held on Monday. He assumes the role of Whole-time Director Designate and Senior Management Personnel with immediate effect, and will transition into the position of Whole-time Director (Executive Director) for a three-year term upon completion of the necessary formalities. Following this transition, he will also be classified as a Key Managerial Personnel of the bank.Leadership Profile and Experience Mr. Saha brings more than three decades of...

Bengaluru, January 12, 2026: Biocon Limited on Monday announced a key regulatory milestone in its global formulations business, as its wholly owned subsidiary Biocon Pharma Limited received approval from the U.S. Food and Drug Administration for Everolimus Tablets for Oral Suspension across multiple strengths.The approval covers Everolimus Tablets for Oral Suspension in 2 mg, 3 mg and 5 mg dosages, marking a significant addition to Biocon’s growing portfolio of complex oral solid and specialty formulations for regulated markets.Product Indication and Therapeutic Use Everolimus Tablets for Oral Suspension are indicated for the treatment of adult and pediatric patients aged one year and above diagnosed with Tuberous Sclerosis Complex...

Kolkata, January 12, 2026: Websol Energy System Limited (BSE: 517498, NSE: WEBELSOLAR) has received approval from the Government of Andhra Pradesh for setting up a greenfield 4 GW solar cell and 4 GW solar module manufacturing facility at the Multiproduct Special Economic Zone (MPSEZ), Naidupeta, in Tirupati district. The clearance marks a major step in the company’s capacity expansion strategy and strengthens its manufacturing footprint in India’s renewable energy sector.Project Overview and Investment Support The proposed facility will be developed at MPSEZ Naidupeta and follows a Memorandum of Understanding signed with the Andhra Pradesh Economic Development Board in November 2025. As part of the approval, the state government has...

Mumbai, January 11, 2026 – Indian Oil Corporation Limited announced changes across its senior management team, with the induction and role realignment of several executives at the corporate office, refinery headquarters, state offices, and business development units. The changes bring experienced leaders into key operational, strategic, and functional roles across the organisation. The appointments span core areas such as health, safety and environment, human resources, projects, operations, finance, corporate strategy, marketing, petrochemicals, and state-level leadership, strengthening Indian Oil’s management depth across its nationwide operations. Senior Management Appointments and ProfilesNameDesignationExperience Snapshot...

Mumbai, January 10, 2026 – Lloyds Engineering Works Limited (BSE: 539992, NSE: LLOYDSENGG) has entered into a purchase and licensing agreement with The Materials Works Limited, a Delaware-incorporated company based in the United States, to design, manufacture, and sell advanced acid-less steel pickling systems globally.The agreement enables Lloyds Engineering to commercially deploy the proprietary Eco Pickled Surface Generation 4 technology, an environmentally sustainable steel surface treatment solution developed and patented by The Materials Works over more than a decade of research and industrial application.Scope of the Agreement and Geographic Coverage Under the terms of the purchase agreement, Lloyds Engineering will have the...

Appellate Authority Upholds Monetary Penalty IndiGo has said that an appellate authority has rejected its appeal against penalties imposed on two of its senior executives, leading to the restoration of fines levied earlier. The decision relates to penalties imposed on the airline’s Director Flight Operations and Director Training.The appellate authority, through an order dated January 7, dismissed the appeal and reinstated the monetary penalty of Rs 20 lakh each on the two executives.Background to the Case The penalties were originally imposed in September last year for alleged failure to use qualified flight simulators for pilot training at certain airports classified as Category C. Such airports are considered operationally...

Banking Arrangement Comes Into Effect From January 9, 2026 The Reserve Bank of India has fixed the Ways and Means Advances (WMA) limit for the Delhi government at Rs 890 crore, effective January 9, 2026, to support the administration in managing temporary mismatches between receipts and payments.Agreement Signed for General Banking Operations Earlier this week, the central bank entered into an agreement with the Government of the National Capital Territory of Delhi (GNCTD) to undertake the city government’s general banking business. The arrangement formally came into force on Friday, January 9, 2026.Aggregate WMA Limit Revised for States and UTs Following the fixation of the WMA limit for Delhi, the aggregate WMA limit for all State...

Mumbai, January 9, 2026 – Muthoot Microfin Limited has settled a provident fund-related issue after remitting penal damages amounting to ₹40.08 lakh, bringing the matter to a close.Background of the Matter The issue arose from delays in remitting provident fund contributions, with the major portion linked to the nationwide lockdown period in April 2020. During this phase, the company’s offices and branches remained shut. To support employees amid the disruption, Muthoot Microfin extended advance salaries to its workforce.Accounting Treatment and Remittance Timeline The advances provided during the lockdown were formally accounted for as salary in February 2021. Following this accounting treatment, the company remitted the...

New Delhi, January 9, 2026: UTL Solar (BSE: 544613 | NSE: UTLSOLAR), through its group entity Fujiyama Power Systems Limited, has received a tax demand order following the conclusion of a special audit for the financial year 2021–22. The company, however, has stated that it does not anticipate any material impact on its financial position or ongoing operations and is preparing to challenge the order. Details of the Demand Order The demand order was received on December 31, 2025, after the completion of audit proceedings related to FY 2021–22. The order alleges contravention of certain provisions under indirect tax laws and directs the company to pay tax, interest, and penalty within the stipulated timeline. Break-up of Demand...

Bengaluru, January 9, 2026: Syngene International Limited (NSE: SYNGENE | BSE: 539268) has received a favourable update in a long-running tax matter related to the assessment year 2016–17, with the appellate authority partly allowing the company’s appeal and directing further verification on select claims.Background of the Matter The case relates to an assessment order issued in December 2018, under which certain additions and disallowances were made, resulting in a tax demand of ₹72.34 crore. Syngene had challenged this order in early 2019.In the latest development, the appeal has been partly allowed. The appellate authority has also instructed the assessing officer to re-examine specific claims and grant relief where found...

New Delhi, January 9, 2026: NTPC Limited and Maharashtra State Power Generation Company Limited have executed a shareholder agreement to jointly acquire Sinnar Thermal Power Limited, marking a significant capacity addition for the NTPC Group.The agreement was signed on January 9, 2026, in connection with the acquisition of Sinnar Thermal Power Limited, which owns a coal-based thermal power project with an installed capacity of 1,350 MW, comprising five units of 270 MW each, located at Sinnar in Nashik district, Maharashtra.Transaction Structure and Ownership Under the terms of the agreement, NTPC and MAHAGENCO will acquire 100 percent equity ownership of Sinnar Thermal Power Limited through a consortium arrangement. Both partners...

Mumbai, January 9, 2026 HEG Limited (BSE: 509631 | NSE: HEG) has infused Rs 400 crore into its wholly-owned subsidiary, TACC Limited, through the subscription of optionally convertible debentures as part of a previously announced funding arrangement. The company has remitted Rs 400 crore towards the subscription of 4 crore unlisted and unsecured optionally convertible debentures, each with a face value of Rs 100, marking the completion of the first tranche under the agreement between the two entities. The debentures have been issued on a fully paid-up basis, aggregating to a total consideration of Rs 400 crore. Following the remittance, TACC Limited, which is a 100 percent subsidiary of HEG, has allotted the entire 4 crore debentures to...

New Framework Eases Entry for Accredited Investors Markets regulator Securities and Exchange Board of India has simplified the process for granting accreditation to investors under the Alternative Investment Fund framework. The move is aimed at streamlining onboarding while maintaining safeguards around formal accreditation.Managers Allowed to Proceed Based on Eligibility Assessment Under the revised approach, investment managers can execute contribution agreements and complete related formalities based on their own assessment of an investor’s eligibility. This is permitted even if the investor has not yet received the formal accreditation certificate.However, the investor’s commitment will not be counted towards the scheme’s corpus...

Hyderabad, January 9, 2026: Magellanic Cloud Limited announced that its Board of Directors has approved key corporate actions, including moving ahead with a proposed merger and convening an Extraordinary General Meeting to seek shareholder approval.Merger Proposal Approved by the Board The Board approved the draft notice to convene an Extraordinary General Meeting to place before shareholders a proposed Scheme of Merger between Magellanic Cloud Limited, as the transferee entity, and IVIS International Private Limited, as the transferor entity. The merger is proposed to be undertaken through a fast-track process, subject to shareholder consent.The approval marks a key procedural milestone in the company’s consolidation plans and is...

Mumbai, January 9, 2026: Bank of Baroda announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), with changes set to take effect from January 12, 2026. The revision includes a reduction in the six-month tenor, while other maturities remain unchanged. Revised MCLR Structure The updated MCLR framework reflects a 10 basis point cut in the six-month tenor. All other tenors have been retained at their existing levels.MCLR TenorExisting Rate (%)Revised Rate (%)Overnight7.807.80One Month7.907.90Three Month8.158.15Six Month8.608.50One Year8.758.75Implications for Borrowers The reduction in the six-month MCLR is expected to marginally ease borrowing costs for customers with loans linked to this tenor...