Business

New Delhi, January 9, 2026: NBCC (India) Limited has established a new branch office in Dubai Mainland, marking a strategic step in strengthening its international operations and expanding its presence in the Middle East market. The newly formed Dubai branch will focus on providing Project Management Services, aligning with NBCC’s core expertise in infrastructure development, real estate, and large-scale construction management. The move reflects the company’s intent to tap overseas opportunities while supporting execution and supervision of projects in the region. Details of the Dubai Branch OfficeParticularsInformationName of BranchNBCC (India) Limited – Dubai BranchLocationIris Bay, Business BayPlot and Land DetailsPlot...

New Delhi, January 9, 2026: E2E Networks Limited announced the successful procurement and deployment of advanced NVIDIA B200 GPU clusters at its Chennai data centre, marking a major expansion of its artificial intelligence focused cloud infrastructure in India.The deployment comprises 1,024 NVIDIA B200 GPUs, delivering approximately 184 TB of aggregate GPU memory along with significantly higher memory bandwidth over previous generation accelerators. The infrastructure is purpose-built to support large-scale AI model training and fine-tuning, including next-generation language models, as well as high-complexity enterprise and research workloads.AI Compute Capacity Expansion in India The newly commissioned GPU clusters are designed to...

Surat, January 9, 2026: Desco Infratech Limited (BSE: 544387) has signed a memorandum of understanding to acquire a controlling 75 percent equity stake in Shri Green Agro Energies Private Limited, marking its formal entry into the agro-energy and compressed biogas segment. The proposed transaction will be executed through subscription to fully paid-up equity shares of Shri Green Agro Energies, with Desco Infratech acting as the lead partner for the development, construction, operation, and maintenance of the project. Upon completion, Shri Green Agro Energies will become a subsidiary of Desco Infratech. Transaction Structure and Consideration The acquisition will be completed through a share subscription mechanism, under which Desco...

New Delhi, January 8, 2026: Elitecon International Limited (BSE: 539533) has announced a major strategic initiative aimed at accelerating long-term growth and enhancing operational scale. The company has appointed Deloitte Touche Tohmatsu India LLP as its strategic advisor and transaction program manager as it evaluates a comprehensive merger of select group entities. The move marks a decisive step by Elitecon to strengthen its corporate structure, unlock synergies across businesses, and position itself for sustainable value creation. Deloitte will assist the company in evaluating, structuring, and implementing the proposed merger, along with managing associated compliances and execution planning. Proposed Merger Structure Elitecon’s...

Pune, January 8, 2026: Schaeffler India Limited (BSE: 505790 | NSE: SCHAEFFLER) has informed stock exchanges that it does not meet the criteria to be classified as a large corporate, citing the absence of significant long-term borrowings at the close of the financial year. Financial Position Update The company stated that as of December 31, 2025, it did not have outstanding long-term borrowings of ₹100 crore or more. As a result, Schaeffler India does not fall within the threshold applicable to entities with elevated long-term debt profiles.This confirmation reflects the company’s conservative balance sheet approach and disciplined capital structure, underpinned by internal accruals and prudent financial management.Implications for...

Mumbai, January 8, 2026 Reliance Home Finance Limited (RHFL) has rescheduled the fifth meeting of its Committee of Creditors as part of its ongoing corporate insolvency resolution process.The meeting, which was earlier scheduled to be held on January 7, has now been deferred to Thursday, January 8, 2026, and will take place at 11:30 a.m. IST through video conferencing.The Committee of Creditors meeting forms a key part of the corporate insolvency framework, where lenders and stakeholders review the status of the resolution process, assess proposals, and deliberate on the future course of action for the company. The rescheduling is procedural in nature and does not indicate any change in the substance of discussions planned for the...

Hyderabad, January 8, 2026, Granules India Limited (NSE: GRANULES, BSE: 532482) announced that its wholly owned US subsidiary has received tentative approval with 180-day exclusivity for generic amphetamine extended-release tablets, marking a significant step in expanding its central nervous system product pipeline in the United States.Key Development and Market Opportunity The tentative approval covers amphetamine extended-release tablets in strengths of 5 mg, 10 mg, 15 mg, and 20 mg, the generic equivalent of a leading branded ADHD therapy. The product is indicated for the treatment of Attention Deficit Hyperactivity Disorder and addresses an estimated US market opportunity of approximately USD 41 million.The 180-day exclusivity...

Mumbai, January 8, 2026: Multi Commodity Exchange of India Limited has confirmed a key leadership development at its clearing subsidiary, with Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) receiving approval for the appointment of Rishi Nathany as its Managing Director and Chief Executive Officer.The approval marks a significant step in strengthening the governance and operational leadership of MCXCCL, which plays a central role in clearing and settlement operations for India’s commodity derivatives ecosystem. MCXCCL is a wholly owned subsidiary of MCX and is responsible for ensuring financial integrity, risk management, and settlement efficiency across the exchange’s contracts.According to the company, the...

Mumbai, January 8, 2026 – Zaggle Prepaid Ocean Services Limited (NSE: ZAGGLE, BSE: 543985) on Thursday announced that it has entered into an agreement with Cubastion Consulting Private Limited, further strengthening its presence in the corporate employee benefits and expense management segment.Agreement Details and Scope Under the agreement, Zaggle will provide a structured facility to procure and lease mobile phones to employees of Cubastion Consulting Private Limited through its Employee Purchase Programme. The arrangement is designed to streamline device access for employees while offering employers a managed and compliant procurement framework.The agreement has been structured as an ongoing arrangement and will remain effective...

Noida, January 8, 2026: Samvardhana Motherson International Limited has completed the formation of its joint venture with South Korea-based Egtronics Co. Ltd., marking a strategic entry into the fast-growing clean mobility and vehicle electronics segment.The joint venture, named Motherson Egtronics Electronics Solutions Limited, was completed on January 7, 2026, following the fulfilment of all agreed conditions. The entity will focus on the design, development, manufacturing and assembly of advanced vehicle electronics catering to electric and clean mobility applications.Focus on Power Electronics for Electric Vehicles The newly formed joint venture will operate in high-value power electronics, with a product portfolio that includes...

Mumbai, January 8, 2026 – Angel One Limited (NSE: ANGELONE, BSE: 543235) reported stable operational momentum in December 2025 and the December quarter of FY26, supported by continued expansion in its client base, resilient order activity, and strong growth in derivatives and commodity trading. December 2025 Business Update Angel One closed December 2025 with a total client base of 35.71 million, marking a 21 percent year-on-year increase and a 1.8 percent month-on-month rise. Gross client acquisition stood at 0.68 million, higher sequentially, though lower compared to the same period last year. The average client funding book remained robust at Rs 58.36 billion, reflecting a 43.3 percent year-on-year growth, despite a marginal...

Mumbai, January 7, 2026: Wockhardt Limited (BSE: 532300, NSE: WOCKPHARMA) on Wednesday announced that it has successfully filed a Marketing Authorisation Application (MAA) for its novel antibiotic WCK 5222 with the European Medicines Agency, marking a significant milestone in the company’s global drug development journey.The application was filed on January 5, 2026, and seeks approval for WCK 5222 across European Union member states and associated markets under the centralised review mechanism. The filing follows the completion of an extensive clinical development programme and submission of comprehensive clinical and regulatory data.Accelerated Review Path and Global Progress WCK 5222 has already been found eligible for an...

Mumbai, January 7, 2026: Digikore Studios Limited (NSE: DIGIKORE) has announced a strategic partnership with EFD Studios, a leading end-to-end production support house operating across Europe, Latin America and the United States. The collaboration is aimed at strengthening Digikore’s international presence while improving medium-term revenue visibility from global VFX projects.Strategic Rationale and Operating Synergies EFD Studios operates as a full-service production ecosystem, supporting a steady pipeline of film, episodic and commercial projects each year across Spain, Mexico, Colombia and the US. Through this partnership, Digikore gains early-stage access to international projects during the pre-production and budgeting phase...

Gurugram, January 7: Eternal Limited has received a tax demand order from the West Bengal state tax appellate authority for the period April 2019 to March 2020, involving a total financial exposure of approximately ₹3.70 crore, including tax, interest, and penalty. The order, received on January 6, 2026, confirms a GST demand of ₹1.92 crore, along with interest of ₹1.58 crore and a penalty of ₹0.19 crore, arising from an assessment related to alleged short payment of output tax during the relevant financial year. Breakup of DemandParticularsAmount (₹)GST Demand1,92,43,792Interest1,58,12,070Penalty19,24,380Total Exposure3,69,80,242The company has stated that it has evaluated the order and believes it has a strong case...

Mumbai, January 6, 2026 Tata Motors Limited (NSE: TATAMOTORS, BSE: 500570) reported a mixed performance in its commercial vehicle business for the October to December 2025 quarter, with domestic volumes remaining selective across segments while exports recorded a broad-based improvement year on year. The company’s quarterly performance reflects uneven domestic demand across light, intermediate, and heavy commercial vehicle categories, even as overseas shipments showed resilience in select platforms. Q3 FY26 Commercial Vehicle Performance Overview During the quarter, Tata Motors recorded divergent trends across production, domestic sales, and exports depending on vehicle categories and sub-segments. Production, Domestic Sales and Exports...

New Delhi, January 6, 2026: Oil and Natural Gas Corporation Limited (ONGC) has taken over operational control of Well Mori-5 in the Mori field following the incident at the site, with senior management and technical experts now directly overseeing containment and safety operations.The company’s Director (Technology and Field Services), Vikram Saxena, along with members of the Crisis Management Team, has assumed charge at the well located in Irusumanda village of Malkipuram mandal. The intervention marks a shift to direct, on-ground management as efforts continue to stabilise the situation.Fire Control and Containment Measures Progress Excavation work has been completed to create a temporary canal from a nearby irrigation source...

Ahmedabad, January 6, 2026 – Fairchem Organics Limited (NSE: FAIRCHEMOR | BSE: 543252) has announced the launch of a share buyback of up to 4.25 lakh equity shares at a fixed price of ₹800 per share, involving an aggregate outlay of ₹3,400 lakh. The buyback will be executed through the tender offer route on a proportionate basis. The company has fixed January 5, 2026 as the record date to determine shareholder eligibility. The buyback window will open on January 8, 2026 and close on January 14, 2026. Key Buyback DetailsParticularsDetailsBuyback sizeUp to 4,25,000 equity sharesBuyback price₹800 per shareTotal considerationUp to ₹3,400 lakhBuyback methodTender offer (proportionate basis)Record dateJanuary 5, 2026...

Company Rejects Report on Russian Oil Shipments to Jamnagar Reliance Industries Ltd on Tuesday clarified that it has not received any Russian crude oil at its Jamnagar refining complex in nearly three weeks and does not expect any such deliveries in January. The company termed reports suggesting incoming Russian cargoes as incorrect.Reliance stated that its Jamnagar refinery has not taken delivery of any Russian barrels during this period and reiterated that no Russian crude shipments are scheduled for the current month.Halt on Russian Crude at Export-Oriented Refinery The company had earlier announced on November 20, 2025 that it stopped processing Russian crude at its export-only refinery located in Jamnagar, Gujarat. This move...

Mumbai, January 6, 2026: CarTrade Tech Limited (BSE: 543333, NSE: CARTRADE) today announced the launch of Super Series, a unified solution for used car dealers that brings together the combined capabilities of OLX India and CarWale on a single platform.The Super Series has been positioned as a comprehensive offering aimed at accelerating dealer sales, improving vehicle sourcing efficiency, and strengthening digital visibility in an increasingly competitive used car market. By integrating two of India’s largest auto-classified platforms, the initiative seeks to provide dealers access to a wider pool of high-intent buyers and sellers.CarTrade Tech currently operates one of India’s largest automotive digital ecosystems, serving over 85...

Business Activity Moderates at Year End India’s services sector saw a moderation in growth during December, with expansion in new business and output slowing to the weakest pace in nearly a year. Companies also held back on fresh hiring, reflecting a more cautious stance as the year closed.The seasonally adjusted HSBC India Services PMI Business Activity Index declined to 58.0 in December from 59.8 in November. This marked the slowest expansion since January, though the reading remained well above the 50 threshold that separates growth from contraction.Sentiment Weakens Despite Expansion While services firms continued to report expansion, overall business confidence softened further. Growth sentiment dropped to its lowest level in...