Business

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...

Auri Grow Launches CarbonKrishi AI Platform to Monetise Farm-Based Carbon Credits Indore, January 6, 2026: Auri Grow India Limited (NSE: AURIGROW) has announced the launch of CarbonKrishi, an AI-enabled digital platform designed to enable Indian farmers to measure, aggregate, verify, and monetise agricultural carbon credits, marking the company’s strategic expansion into the AgriTech and ESG-led sustainability space. Strategic Expansion Into AgriTech and ESG CarbonKrishi has been conceptualised as a technology-driven marketplace that connects eligible farmers practicing sustainable agriculture with domestic and global corporate buyers seeking credible carbon offsets. The initiative positions Auri Grow beyond traditional agricultural...

Ranchi, January 6, 2026: Ethos Limited (ETHOSLTD) has strengthened its national retail presence with the inauguration of a new Ethos Watch Boutique in Ranchi, Jharkhand, marking another milestone in its expansion strategy within India’s luxury retail segment.The newly opened boutique is located at the Ground Floor of Nucleus Mall on Circular Road, Lalpur, positioning the brand at a prominent high-footfall destination in the city. The launch underscores Ethos’ focus on deepening its reach in emerging luxury consumption markets beyond metro cities.With this addition, Ethos now operates 88 watch boutiques across India, reflecting steady progress in its physical retail expansion aligned with rising demand for premium and luxury...

Kolkata, January 6, 2026 – Shyam Metalics and Energy Limited (SMEL) reported a mixed sales performance for December 2025 and the third quarter of FY26, marked by strong sequential growth in stainless steel, speciality alloys, CR coils, sponge iron, and HR tubes, while carbon steel, pellets, aluminium foil, and pig iron faced volume moderation across select periods. The company’s diversified product portfolio helped offset softness in certain segments, with capacity-led gains in value-added products continuing to support overall operations. Stainless Steel Performance Stainless steel remained one of the strongest contributors during the month, supported by a sharp rise in sequential volumes and improved realizations. Stainless Steel...

Erode, January 6, 2026 – SKM Egg Products Export (India) Limited (NSE: SKMEGGPROD, BSE: 532143) on Tuesday clarified that its poultry operations continue to function normally, with no bird flu concerns impacting its farms located in Tamil Nadu.The company stated that all its eggs are produced exclusively in Tamil Nadu and it has no operational exposure to Kerala, where avian influenza cases have been reported recently. It further highlighted that its own poultry farm operates as an avian influenza-free compartment and is under continuous health surveillance.According to the company, birds at its facilities are regularly monitored to safeguard against avian influenza, Newcastle disease, and salmonella. Surveillance efforts in Tamil...

Chandigarh, January 6, 2026 – Nectar Lifesciences Limited has seen strong demand in its ongoing share buyback, with the offer subscribed 1.60 times as of 9:20 a.m. on January 6, 2026, the final day of the tender window. The company is executing a fixed-price buyback of up to 3 crore equity shares at ₹27 per share, with the offer period running from December 31, 2025 to January 6, 2026. Buyback SnapshotParticularsDetailsCompanyNectar Lifesciences LimitedSymbolNECLIFESeriesBBOffer TypeBuybackIssue TypeFixed PriceOffer Price₹27 per equity shareFace Value₹1Issue Size3,00,00,000 equity sharesOffer PeriodDecember 31, 2025 to January 6, 2026Subscription Status (As on January 6, 2026 | 9:20 a.m.)...

Gurugram, January 6, 2026: Dr Lal PathLabs Limited (NSE: LALPATHLAB | BSE: 539524) on Tuesday announced the launch of SOVAAKA, a next-generation diagnostic and wellness centre in Gurugram, marking a strategic expansion into personalised preventive and lifestyle healthcare.SOVAAKA has been positioned as a diagnostic experience centre built around the philosophy of “Science Behind Wellness,” combining precision diagnostics, advanced imaging, medical expertise and digital health integration under one roof. The initiative reflects the company’s focus on shifting healthcare delivery from reactive disease detection to proactive health prediction and early intervention.The centre offers customised, doctor-designed wellness programmes...

US President Donald Trump said the United States is set to receive more than USD 600 billion in tariff revenues, asserting that the country has emerged significantly stronger both financially and in terms of national security due to the levies imposed on multiple countries.In a post on Truth Social, Trump said the US has already collected, and will soon be receiving, over USD 600 billion in tariffs. He claimed that these developments have not received adequate attention, alleging that sections of the media are deliberately downplaying the issue ahead of an upcoming tariff-related decision by the US Supreme Court.According to Trump, the tariff measures have made the United States more financially resilient and globally respected...

Mumbai, January 6, 2026: Mobavenue AI Tech Limited (BSE: 539682) on Tuesday shared a comprehensive business update outlining significant strategic and operational milestones achieved between January 2025 and December 2025, underscoring its transition into an AI-first, technology-driven organization.Global Expansion with UK Subsidiary As part of its international growth strategy, the company has incorporated its first wholly owned subsidiary in the United Kingdom. The move is aimed at expanding its global footprint, strengthening overseas partnerships, and building a borderless ecosystem for advertising and consumer growth platforms.Strategic Acquisition Strengthens AI Capabilities During the review period, the company completed the...

Ahmedabad, January 6, 2026: Adani Ports and Special Economic Zone Limited reported a steady improvement in cargo throughput during December 2025, supported by strong container traffic and resilient year-to-date logistics performance. December 2025 Operational Performance During December 2025, the company handled 41.9 million metric tonnes (MMT) of total cargo, marking a 9 percent year-on-year increase. The growth was primarily driven by container volumes, which recorded an 18 percent YoY rise, reflecting continued strength in trade-linked cargo movement across Adani-operated ports. Cargo and Logistics SnapshotParticularsDecember 2025YoY ChangeTotal Cargo Handled41.9 MMT+9%Container Cargo—+18%Rail Logistics Volume59,037...

Bengaluru, January 6, 2026: Biocon Limited (BSE: 532523 | NSE: BIOCON) on Monday completed a major share swap and cash acquisition transaction, significantly strengthening its control over subsidiary Biocon Biologics Limited. The transaction involved both preferential allotment of equity shares and acquisition of shares from existing investors. Key Transaction Highlights Biocon completed the acquisition of 26.19 crore equity shares of Biocon Biologics from multiple investors and, in return, issued 17.13 crore equity shares of Biocon on a preferential basis. The equity shares were allotted at an issue price of ₹405.78 per share, fully paid-up, with a face value of ₹5 each. Details of Share Swap and AllotmentAllotteeBBL Shares...

Hyderabad, January 5, 2026: Heritage Foods Limited on Monday announced the completion of its acquisition of a majority stake in Peanutbutter and Jelly Private Limited, marking a strategic expansion into the branded foods and quick-service restaurant space. The company has acquired 51 percent equity share capital of Peanutbutter and Jelly Private Limited after fully discharging the purchase consideration of ₹9 crore. With the transaction now closed, Peanutbutter and Jelly Private Limited has officially become a subsidiary of Heritage Foods Limited. Transaction Details The acquisition was executed through a share purchase arrangement with Sky Gate Hospitality Private Limited, the erstwhile shareholder of Peanutbutter and Jelly Private...

New Delhi, January 5, 2026: Dabur India Limited (NSE: DABUR, BSE: 500096) on Monday shared a business update for the quarter ended December 31, 2025, indicating early signs of demand recovery across key categories, supported by improving consumer sentiment and stabilisation in trade channels.Demand Recovery Gathers Pace in Q3 The company said demand trends showed improvement during the quarter, aided by GST rate revisions and inventory rationalisation by distributors and retailers during October. Post trade stabilisation, both urban and rural markets witnessed better sentiment, with rural demand continuing to outperform urban demand.Segment-Wise Performance Outlook Home and Personal Care The Home and Personal Care segment is...