Business

Chennai, January 4, 2026: The Ramco Cements Limited (NSE: RAMCOCEM, BSE: 500260) on Saturday said it has received approval from the Government of Andhra Pradesh to include quartzite mineral in its existing limestone mining lease located in Nandyal district, strengthening the company’s raw material flexibility for downstream cement applications.The approval was granted by the Industries and Commerce (M.II) Department of the Andhra Pradesh government and was received by the company on January 3, 2026, at 4:20 pm, according to its stock exchange disclosure .Scope of the Approval The regulatory clearance allows Ramco Cements to include quartzite mineral within its existing limestone mining lease situated at Kalavataka and Kotapadu...

Indian Railway Finance Corporation (IRFC) has achieved an “Excellent” performance rating from the Department of Public Enterprises for the financial year 2024–25, marking its fifth consecutive year of receiving the highest rating since its listing in FY21.The sustained top-tier rating reflects IRFC’s consistent operational performance, strong governance standards, and disciplined financial management amid evolving business and market conditions. Over the years, the company has demonstrated resilience and adaptability while aligning its strategy with an expanded mandate.During FY25, IRFC continued to strengthen and diversify its lending portfolio in a calibrated manner, maintaining a clear focus on railway-linked infrastructure...

Surat, January 4, 2026: KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Private Limited, has received a Letter of Intent for the development of large-scale standalone battery energy storage projects in Gujarat, marking a major strategic expansion for the group. Project Overview and Capacity Details The proposed projects involve the development of self-owned independent power producer battery energy storage systems with a cumulative capacity of 445 MW and energy storage of 890 MWh. The projects will be set up across multiple locations in Gujarat and will operate as grid-connected standalone storage assets. These facilities are designed to store electricity during off-peak hours and supply power during periods of...

Kolkata, January 3, 2026: Baazar Style Retail Limited (BSE: 544243, NSE: STYLEBAAZA), a leading value fashion retailer with a strong presence in Eastern India, announced its business update for the third quarter and nine months ended December 31, 2025, reflecting steady quarterly growth and a sharp acceleration in nine-month performance driven by store expansion. Q3FY26 and 9MFY26 Performance Snapshot The company reported healthy growth in standalone revenue for the December quarter, while nine-month revenue significantly exceeded its earlier growth trajectory. Standalone Operating PerformanceParticularsQ3FY26Q3FY25YoY Change9MFY269MFY25YoY ChangeRevenue from Operations (₹ million)4,6654,11613%13,7609,98238%Sales per Square...

Mumbai, January 3, 2026: Syncom Formulations (India) Limited (BSE: 524470 | NSE: SYNCOMF) has informed stock exchanges that the Goods and Services Tax department has issued a revised demand and penalty notice aggregating ₹1,41,78,604, following the rejection of its earlier appeal related to ineligible input tax credit. The disclosure has been made as a continuation of the company’s earlier intimation dated April 5, 2025, under applicable listing regulations. Details of the GST Demand The demand has been raised by the Office of the Superintendent, Range V, Division X, Mumbai East, CBIC, Maharashtra, under Section 74(5) of the CGST Act, 2017 for tax and Section 122 for penalty. The revised demand and penalty notice is dated December 31...

Kolkata, January 3, 2026 – Birla Corporation Limited (BSE: 500335 | NSE: BIRLACORPN) on Friday informed stock exchanges that the Government of Rajasthan has rejected the company’s bid for the Gourum Khan Ki Dhani (South) Limestone Block, despite Birla Corporation having earlier been declared the preferred bidder in the auction process.Bid Rejected Despite Preferred Bidder Status In its regulatory intimation, the company said the Rajasthan Department of Mines and Petroleum, through an order dated December 31, 2025, rejected the bid submitted for the limestone mining lease under Clause 14.11 of the tender document.Birla Corporation had been declared the preferred bidder in June 2025 after submitting a highest final price offer of...

Hyderabad, January 03, 2026 – Bodhtree Consulting Limited (BSE: 539122) has taken a decisive step toward inorganic growth after its Board of Directors approved, in principle, a proposal to merge Rzeninfo Solutions Private Limited into the listed entity.Merger Proposal Takes Centre Stage The board decision marks the formal initiation of a merger process that aims to consolidate operations and potentially strengthen Bodhtree’s capabilities within the technology and digital services space. Alongside the in-principle approval, the board also cleared a draft memorandum of understanding with Rzeninfo Solutions, laying the groundwork for valuation, structuring, and integration discussions.The proposed merger is subject to approvals from...

Gurgaon, January 3, 2026: K.S. Oils Limited (BSE: 526209 | NSE: KSOILS) on Friday announced that Sonali Overseas Private Limited will acquire a 23.19 percent equity stake in Soy-Sar Edible Private Limited, the holding company of K.S. Oils, through a cash transaction aggregating to ₹20.12 crore. The development was communicated to the stock exchanges under Regulation 30 of the SEBI Listing Regulations. The transaction pertains solely to a restructuring at the holding company level, and the listed entity, K.S. Oils Limited, is not directly involved in the acquisition. Transaction Details The acquisition involves Sonali Overseas Private Limited purchasing 3,75,04,086 equity shares of Soy-Sar Edible Private Limited at a price of ₹5.365 per...

Mumbai, January 3, 2026: Mahindra & Mahindra Financial Services Limited informed stock exchanges that it expects overall disbursements of approximately ₹17,600 crore in the third quarter of FY26, reflecting a year-on-year growth of 7 percent, supported by steady demand across its core lending segments. For the nine-month period ended December 2025, disbursements are estimated at around ₹43,900 crore, marking a 4 percent year-on-year increase, excluding finance lease portfolios. Disbursement and Asset Growth SnapshotParticularsQ3 FY26YoY ChangeOverall Disbursements₹17,600 crore+7 percent9M FY26 Disbursements₹43,900 crore+4 percentThe company said its business assets stood at approximately ₹1.29 lakh crore as of December 2025...

New Delhi, January 3, 2026: V2 Retail Limited (BSE: 532867 | NSE: V2RETAIL) reported a strong business performance for the third quarter of FY26, led by rapid store expansion, improving store productivity, and sustained demand across Tier 2 and Tier 3 markets. The company continues to scale its value-fashion model while transitioning from a largely regional presence to a broader national footprint.Q3FY26 Financial Performance During the quarter ended December 31, 2025, V2 Retail’s standalone revenue rose sharply to ₹927 crore, compared with ₹591 crore in Q3FY25, marking a year-on-year growth of 57 percent. The strong growth was achieved on a high base, reflecting the company’s ability to consistently drive volumes and expand its...

Jodhpur, January 3, 2026: Royal Orchid Hotels Ltd. (BSE: 532699, NSE: ROHLTD) has announced the signing of a new leisure property under its Regenta brand in Jodhpur, Rajasthan, strengthening its footprint in heritage-led leisure destinations and advancing its asset-light growth strategy.The upcoming Regenta Hotel, Jodhpur will be a 200-key, all-suite property located near the Jodhpur High Court at Shatabdi Circle on New Pali Road. Spread across 3,623 sq. m., the hotel is positioned to offer convenient access to key commercial districts as well as the city’s prominent heritage attractions. The property is scheduled to open by December 2029.Designed as a leisure-focused destination, the hotel will feature expansive conference and...

Srinagar, January 3, 2026 – Jammu & Kashmir Bank Limited (NSE: J&KBANK, BSE: 532209) reported steady balance sheet expansion for the period ended December 31, 2025, with total business crossing ₹2.72 lakh crore, reflecting double-digit growth driven primarily by strong traction in advances. The bank’s total business, comprising deposits and gross advances, stood at ₹2,72,109.27 crore as of December 31, 2025, marking a year-on-year growth of 13.34 percent compared with ₹2,40,080.49 crore a year earlier. Key Business MetricsParticularsDec 31, 2024Mar 31, 2025Dec 31, 2025YoY GrowthTotal Business (₹ crore)2,40,080.492,55,554.952,72,109.2713.34%Total Deposits (₹ crore)1,40,947.141,48,569.461,55,861.3510.58%Gross Advances (₹...

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...