Business

Strong Investment Momentum Across the State Tamil Nadu signed a total of 270 Memoranda of Understanding with multiple corporate entities in 2025, committing investments amounting to ₹2.07 lakh crore, according to Industries Minister T R B Rajaa. These commitments are expected to generate more than four lakh employment opportunities across the state.Reflecting on the year’s performance, the minister described 2025 as a year of focused execution under the Dravidian Model, stating that the large volume of MoUs signed during the year directly translated into significant job creation.Improved Regional Spread of Investments Investment activity in 2025 extended beyond Chennai, with conclaves held across multiple regions. This approach...

The Ministry of Electronics and Information Technology on Friday approved 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), marking a significant expansion in India’s electronics manufacturing push. The approvals involve a projected investment of ₹41,863 crore and an estimated production output of ₹2,58,152 crore.Major Companies Among Approved Applicants The latest set of approvals includes proposals from leading industry players such as Dixon Technologies, Samsung Display Noida Pvt Ltd, Foxconn through its Indian arm Yuzhan Technology India Pvt Ltd, and Hindalco Industries.These projects are expected to generate 33,791 direct employment opportunities, reinforcing the scheme’s role in job creation...

IPO Structure and Issue Details Silverstorm Parks and Resorts Limited, an integrated amusement destination operator, has filed its Draft Red Herring Prospectus with BSE SME as part of its initial public offering process.The proposed IPO comprises up to 62,00,000 equity shares with a face value of ₹10 per share.Utilisation of IPO Proceeds According to the filing, the company plans to deploy the IPO proceeds towards multiple objectives. These include funding capital expenditure for setting up a Lucknow Snow Park and Family Entertainment Centre, expansion and upgradation of its existing theme park facilities, repayment of certain borrowings, and general corporate purposes.Financial Performance in FY25 For the financial year ended...

NTPC is actively pursuing multiple international collaborations in nuclear technology and fuel solutions as it accelerates efforts to diversify its energy generation portfolio. The company is aligning its strategy with India’s long-term objective of building 100 GW of nuclear power capacity by 2047.As part of this roadmap, NTPC plans to develop nearly 30 GW of company-owned nuclear power projects across several locations in the country. Internal assessments indicate that around 2 GW of nuclear capacity could be commissioned as early as 2032.Agreements Signed With Global Nuclear Technology Providers To support its nuclear expansion, NTPC has entered into non-disclosure agreements with Rosatom and EDF. These engagements are focused on...

Kolkata, January 2, 2026 – Coal India Limited has expanded the scope of its coal marketing framework by allowing foreign coal consumers to directly participate in its electronic auction platform, marking a significant shift in how overseas buyers access Indian coal.The new arrangement became effective from January 1, 2026, and allows coal consumers based in neighbouring countries such as Bangladesh, Bhutan, and Nepal to bid directly in Coal India’s Single Window Mode Agnostic (SWMA) e-auctions.Direct Market Access for Overseas Buyers Under the revised framework, foreign buyers can now compete alongside domestic participants in SWMA auctions. Until now, overseas coal consumers could access Coal India’s coal only through domestic coal...

Mumbai, January 2, 2026 – Vedanta Limited witnessed a significant promoter-level financial action after Vedanta Resources Limited and its key overseas subsidiaries created an encumbrance over a substantial portion of their equity holding in the company as part of a new overseas financing arrangement. The encumbrance has been created in connection with facilities aggregating up to $80 million, executed on December 30, 2025, involving Vedanta Resources Limited as the borrower and multiple group entities holding shares in Vedanta Limited. Promoter Shareholding and Encumbrance Details The encumbrance covers equity shares held through five promoter group entities, collectively accounting for 56.38 percent of Vedanta Limited’s total equity...

Vadodara, January 2, 2026: Gujarat Kidney and Superspeciality Limited (BSE: 544666) has approved the acquisition of a 100 percent equity stake in Parekhs Hospital Private Limited, marking a significant expansion move in the healthcare services space. The transaction will make Parekhs Hospital a wholly owned subsidiary of the company. The decision was cleared at the company’s board meeting held earlier today. The acquisition will be executed through a share purchase agreement with the promoter group of Parekhs Hospital and will be carried out through a cash consideration. Deal Value and Structure The total cost of acquisition has been fixed at ₹77 crore, under which Gujarat Kidney and Superspeciality will acquire 2,55,000 equity shares...

New Delhi, January 2, 2026 – Affle 3i Limited (NSE: AFFLE, BSE: 542752) on Friday announced the appointment of Sameer Sondhi as Chief Executive Officer, North America, alongside an expanded mandate as Chief Strategic Investments Officer, marking a key leadership move to accelerate growth in developed markets.The appointment comes as part of Affle’s long-term expansion strategy focused on scaling its presence in North America while strengthening both organic growth and selective strategic investments aligned with its 3i vision of Innovation, Impact, and Intelligence.Leadership Mandate and Strategic Focus In his dual role, Sondhi will oversee Affle’s North American operations and lead the company’s strategic investment initiatives...

Chennai, January 2 Indowind Energy Limited has announced a series of financial and operational actions aimed at strengthening its balance sheet and accelerating execution in the renewable energy segment.Debt Reduction Through Rights Issue Proceeds The company has utilised funds raised through its recently completed rights issue to pare down legacy liabilities. This includes repayment of ₹1,163 lakh towards loans taken from corporate promoters and approximately ₹925 lakh towards outstanding dues payable to LIC under general corporate purposes. These repayments have led to a material reduction in overall liabilities on the balance sheet.Lower Finance Costs and Improved Financial Flexibility With the repayment of these obligations...

Mumbai, January 02, 2026: Tembo Global Industries Limited (NSE: TEMBO) said its wholly owned subsidiary Tembo Classic Engineering Private Limited has received a defence manufacturing licence to set up a small arms manufacturing facility in Maharashtra, marking a key milestone in the group’s entry into India’s defence manufacturing space.Tembo Classic Engineering Private Limited, formerly known as Tembo Defence Products Private Limited, received the approval from the Government of Maharashtra. The development enables the company to move ahead with its plans to establish a dedicated small arms manufacturing unit in the state.The proposed facility is planned in collaboration with MIDC, Mumbai, following a memorandum of understanding...

Hyderabad, January 2, 2026: Apollo Micro Systems Limited (BSE: 540879 | NSE: APOLLO) has secured a fresh defence order valued at ₹25.79 crore, providing a meaningful boost to its executable order pipeline at the start of calendar year 2026. Order Details and Execution Timeline The company has been declared the lowest bidder for the order by a defence public sector undertaking. The contract, awarded in the normal course of business, is scheduled to be executed over a period of 18 months. The scope of the order aligns with Apollo Micro Systems’ core capabilities in defence and aerospace electronics, an area that continues to see steady demand.ParticularsDetailsOrder value₹257.89 millionCustomerDefence public sector undertaking...

Bengaluru, January 2, 2026: Infosys Limited on Thursday disclosed that it has received a communication for collection of a tax-related penalty amounting to ₹40.72 lakh, linked to an alleged mismatch in GST filings for the financial year 2018-19.The communication was received on January 1, 2026 at 10:30 IST from the office of the Deputy Commissioner of Commercial Taxes. The demand pertains to an alleged under-declaration of turnover arising from discrepancies in credit notes reported between GSTR-1 and GSTR-9 filings for FY19.Financial Impact Remains Non-Material Infosys clarified that the penalty demand does not have any material impact on its financial position, operations, or other business activities. The company stated that the...

Pune, January 2, 2026 – Bajaj Auto Limited (BSE: 532977, NSE: BAJAJ-AUTO) reported a solid 14 percent year-on-year growth in total vehicle sales for December 2025, supported by strong export performance across both two-wheelers and commercial vehicles. December 2025 Sales Performance In December, Bajaj Auto sold a total of 3,69,809 units, compared with 3,23,125 units in December 2024. Segment-wise Sales Comparison (Units)ParticularsDec 2025Dec 2024Change (%)Two-Wheelers – Domestic1,32,2281,28,3353Two-Wheelers – Exports1,78,1251,43,83824Two-Wheelers – Total3,10,3532,72,17314Commercial Vehicles – Domestic37,14534,0859Commercial Vehicles – Exports22,31116,86732Commercial Vehicles – Total59,45650,95217Overall...

New Tax Structure Replaces GST Compensation Cess The government has notified February 1, 2026, as the date from which additional excise duty on tobacco products and a health and national security cess on pan masala will come into force. This new framework replaces the existing GST compensation cess that has been levied on these products so far.Under the revised structure, the new levies will apply over and above the Goods and Services Tax. Tobacco products and pan masala will attract a 40 percent GST rate, while biris will continue to be taxed at 18 percent GST, with the additional levies imposed on top of these rates.MRP Based Valuation Introduced for Tobacco Products A new valuation mechanism has been introduced for certain...

Chennai, January 1, 2026: Ashok Leyland Ltd (NSE: ASHOKLEY | BSE: 500477) reported a strong rebound in vehicle sales for December 2025, driven by sharp growth across medium and heavy commercial vehicles and sustained momentum in the bus segment, reflecting improving demand conditions toward the end of the calendar year. December 2025 Sales Performance (Domestic) Ashok Leyland’s domestic volumes rose sharply on a year-on-year basis, with total vehicle sales climbing 26 percent during the month.CategoryDecember 2025December 2024YoY ChangeM&HCV Trucks11,3878,979+27%M&HCV Buses2,1661,509+44%Total M&HCV13,55310,488+29%LCV6,3025,225+21%Total Vehicles19,85515,713+26%The bus segment remained a standout performer, supported...

New Delhi, January 1, 2026: Hi-Tech Pipes Limited (NSE: HITECH | BSE: 543411) reported its highest-ever quarterly sales volume in the third quarter of FY26, underlining sustained demand across infrastructure-led segments and steady execution across operations. Record Quarterly Performance The company achieved a sales volume of 1,36,067 metric tonnes (MT) in Q3 FY26, marking a strong improvement on both a year-on-year and sequential basis. Sales Volume ComparisonParticularsSales Volume (MT)Q3 FY251,24,233Q2 FY261,25,218Q3 FY261,36,067On a year-on-year basis, volumes increased by approximately 10 percent, while quarter-on-quarter growth stood at around 9 percent, reflecting consistent momentum despite a challenging...

December Sales Surge Marks Strong Finish to 2025 Kia India reported a sharp rise in wholesale sales in December, delivering 18,659 units during the month. This marked an over two-fold increase compared to 8,957 units sold in December 2024, making it the company’s best-ever December performance since inception.The strong showing reflected improved consumer sentiment and sustained customer demand across the portfolio, supported by focused retail execution and operational improvements.Calendar Year 2025 Volumes Rise 15 Percent For the full calendar year 2025, Kia India posted total wholesale volumes of 2,80,286 units. This compares with 2,45,000 units sold in calendar year 2024, translating into a year-on-year growth of 15 percent...

Strong Annual Performance Driven by ICE and EV Demand JSW MG Motor India reported a 19 percent year on year increase in sales in calendar year 2025, with total volumes reaching 70,554 units compared with the previous year. The performance reflects sustained demand across the company’s internal combustion engine and electric vehicle portfolios.December Wholesale Volumes Remain Steady In December 2025, the company recorded wholesale sales of 6,500 units, indicating stable momentum toward the end of the year. Demand remained balanced across product segments, supporting overall annual growth.MG SELECT Channel Sees Sharp Growth The company’s luxury retail channel, MG SELECT, delivered a strong performance during the month. Wholesale...

Sales More Than Double Compared to 2024 Skoda Auto India recorded its strongest-ever sales performance in the country in 2025, with total vehicle sales rising to 72,665 units. This marks a more than two-fold increase compared with 35,166 units sold in 2024.The performance was achieved during the company’s 25th year of operations in India, making 2025 a landmark year in its domestic journey.Anniversary Year Marked by Portfolio and Network Expansion Commenting on the milestone, Brand Director Ashish Gupta said the anniversary year reflected the brand’s most enhanced and diverse product portfolio to date. He added that the company is currently at its widest in terms of network expansion and market presence across the country.The...

Chennai, January 1, 2026: Eicher Motors Limited-owned Royal Enfield reported robust momentum in December 2025, posting motorcycle sales of 1,03,574 units, marking a 30% year-on-year increase compared with 79,466 units in the same month last year. The performance capped a strong finish to the calendar year, supported by sustained domestic demand across core models. Monthly Performance Snapshot Royal Enfield’s growth in December was led by the domestic market, while exports moderated during the month.SegmentDecember 2025December 2024YoY ChangeDomestic93,17767,891+37%Exports10,39711,575-10%Total1,03,57479,466+30%Year-to-Date Sales Strength On a year-to-date basis (April to December), Royal Enfield continued to scale up...