Order & deals

Mumbai, February 17, 2026: Marine Electricals (India) Limited (NSE: MARINE) has secured orders worth ₹19.09 crore, excluding taxes, from Crescon Projects & Services Private Limited for the supply of power distribution units. The company informed the exchange that the scope of work involves manufacturing and supply of power distribution units, with execution scheduled over a 12-month period. Order DetailsParticularsDetailsOrder Value₹19.09 crore (excluding taxes)ClientCrescon Projects & Services Private LimitedNature of WorkSupply of power distribution unitsExecution Timeline12 monthsMarine Electricals clarified that none of the promoters or promoter group entities have any interest in the awarded contract. The company...

Mumbai, February 17, 2026 – Hazoor Multi Projects Limited (BSE: 532467) has secured a Letter of Award from the National Highways Authority of India for collection of user fees at the Balenahalli fee plaza on NH-150A in Karnataka, with a contract value of ₹44.23 crore. The contract has been awarded for engaging the company as the user fee agency at Design Km 397.400 for the four-lane stretch between Challakere and Hiriyur. The project also includes upkeep and maintenance of adjacent toilet blocks along with recouping of consumable items. Project Details As per the company’s disclosure dated February 17, 2026 , the key terms of the contract are as follows: Contract OverviewParticularsDetailsAwarding AuthorityNational Highways...

India’s fifth generation fighter jet programme has entered a critical phase, with the Defence Research and Development Organisation reportedly shortlisting three industry groups to design and build prototypes of the Advanced Medium Combat Aircraft.According to a report by The Indian Express, the shortlisted contenders will move ahead in the prototype stage of the AMCA programme, marking a significant step in India’s push to develop an indigenous stealth fighter aircraft.Three Industry Groups Move to Prototype Stage The shortlisted applicants include:Tata Advanced Systems Ltd as a standalone bidder A consortium of Larsen & Toubro and Bharat Electronics Limited A consortium comprising Bharat Forge, BEML Limited and Data Patterns...

Shares of Cochin Shipyard Ltd are set to remain in focus on Tuesday, February 17, after the company announced that it has been declared the L1 bidder for a major defence contract valued at approximately ₹5,000 crore.In an exchange filing on Monday, the company stated that it emerged as the lowest bidder in a tender floated by the Ministry of Defence for the construction of five Next Generation Survey Vessels for the Indian Navy. The estimated total order value of the project stands at around ₹5,000 crore.Contract Subject to Final Formalities The company clarified that the final award of the contract will be subject to the satisfactory completion of necessary formalities. Further updates will be provided in due course once the...

Fund Closes at Hard Cap, Marks Largest Private Equity Raise in Firm’s History Mumbai, February 16 Motilal Oswal Alternates announced that it has raised ₹8,500 crore from private equity investors, with the capital set to be deployed as growth funding across companies.The fund, titled India Business Excellence Fund V (IBEF V/Fund V), has closed at its hard cap in February 2026. The corpus exceeded its initial target of ₹6,500 crore and was completed within 10 months of its launch in mid April 2025.In a statement, Motilal Oswal Alternates said this marks the largest private equity fund raise in the firm’s history.Strong Participation from Global and Domestic Investors The fund witnessed robust participation from both international...

USFDA Concludes Pre Approval Inspection at Enzene Biosciences Unit New Delhi, February 16: Alkem Laboratories on Monday said the United States health regulator has issued a Form 483 with six observations following an inspection of the manufacturing facility of its wholly owned subsidiary Enzene Biosciences in Chakan.According to a regulatory filing, the US Food and Drug Administration completed a pre approval inspection at the facility on February 13, 2026.At the end of the inspection, the US regulator issued a Form 483 citing six procedural observations.No Data Integrity Observations Reported Alkem Laboratories stated that there were zero observations related to data integrity, describing it as a critical validation of its...

Integrated Robotics, Smart Pods and Drones Power Next-Gen Logistics New Delhi, February 16: Ottonomy Inc. unveiled its end-to-end autonomous delivery ecosystem at the India AI Impact Summit 2026, highlighting how Made-in-India robotics and artificial intelligence are reshaping logistics across healthcare, industrial campuses and urban environments.The ecosystem integrates Level-4 autonomous delivery robots known as Ottobots with smart storage infrastructure called Arrive Points from Arrive AI and drone logistics capabilities from Skyeair Mobility. The combined platform enables seamless, unattended movement of goods across indoor and outdoor environments without manual intervention, the company said in a statement.Level-4 Ottobots...

AMD and TCS Deepen Collaboration to Build Rack-Scale AI Infrastructure in India Chipmaker Advanced Micro Devices is intensifying its presence in India through an expanded partnership with Tata Consultancy Services as both companies prepare to compete more directly with Nvidia Corporation in one of the world’s fastest-growing artificial intelligence markets.The companies announced that TCS and AMD will jointly develop a rack-scale AI infrastructure design in India based on AMD’s Helios platform. The initiative will focus on serving large enterprises and sovereign AI demand, reflecting the country’s growing appetite for high-performance compute capacity.HyperVault to Anchor Helios Deployment in India Under the collaboration, TCS will...

₹5,980 Crore Investment to Generate 8,400 Jobs Across Key Sectors Chennai, February 16: The Tamil Nadu government has signed two major Memoranda of Understanding totaling ₹5,980 crore with Japanese electronics major MinebeaMitsumi and Bengaluru based Aequs Group, reinforcing the state’s push to strengthen its semiconductor and aerospace manufacturing ecosystem.The agreements were signed in the presence of Chief Minister M. K. Stalin at the Secretariat in Chennai on Monday. According to an official release, the projects are expected to create 8,400 employment opportunities across advanced manufacturing segments.MinebeaMitsumi to Invest ₹1,980 Crore in Tiruvallur Semiconductor Facility NMB Minebea India Private Limited, a subsidiary...

Net Loss Contracts in Fourth Quarter of 2025 New Delhi, February 16: ReNew Energy Global Plc on Monday reported a sharp narrowing of its net loss for the fourth quarter of 2025, supported by higher revenues across segments.The company posted a net loss of ₹19.8 crore in Q4 2025, significantly lower than the ₹38.79 crore loss recorded in the October-December quarter of the preceding 2024-25 fiscal year, according to a company statement.The improvement reflects stronger operational performance and expanding income streams during the reporting period.Total Income Rises to ₹3,137.2 Crore in Q3 FY26 ReNew’s total income climbed to ₹3,137.2 crore in the third quarter, compared with ₹2,119.8 crore recorded in the same quarter of FY26...

Transaction to Be Completed by March 31, 2026 New Delhi, February 16: BLS E-Services announced on Monday that it will acquire a 100 percent stake in Atyati Technologies for ₹154 crore in a fully cash transaction.According to a regulatory filing, the acquisition is based on the equity value of ₹154 crore and is expected to be completed by March 31, 2026.The company stated that the transaction will further strengthen its banking relationships with key public sector banks as well as several private sector banks.Combined Network to Cross 70,000 Customer Touchpoints With the acquisition, BLS E-Services will integrate Atyati’s extensive network of over 25,900 Customer Service Points with its existing operations. The combined footprint...

CSIR–NIIST Tech Connect to Bridge Lab Innovations with Industry Thiruvananthapuram, February 16: At a time when scientific research is often seen as confined to laboratories, the CSIR–National Institute for Interdisciplinary Science and Technology is positioning science as a direct contributor to homes, kitchens and workplaces.On February 18, the institute will host a technology transfer ceremony titled “CSIR–NIIST Tech Connect: From Lab to Market” at Anusandhan Bhawan, CSIR Headquarters, New Delhi, according to an official release issued on Monday.Scheduled for 3 pm, the event will mark the transfer of multiple indigenous, industry-ready technologies to leading industry partners, underlining CSIR’s role in promoting innovation-led...

AI Impact Summit Highlights Risks and Opportunities of Artificial Intelligence for Young Users New Delhi, February 16: Artificial Intelligence is a double-edged sword and governance must focus on maximizing opportunities while minimizing risks, the government’s top science advisor said on Monday, underlining growing concerns about AI’s expanding footprint in children’s lives.Addressing a session titled ‘AI and Children: Turning Principles into Practice for Safe, Inclusive, and Empowering AI’ at the ongoing AI Impact Summit in the national capital, Principal Scientific Adviser Ajay Kumar Sood stressed that digital penetration has increased significantly, exposing children to AI-driven platforms at an early age.Growing Exposure to AI...

January Trade Data: Exports Show Marginal Growth, Imports Surge New Delhi, February 16: India’s merchandise exports recorded a marginal rise of 0.61 per cent to USD 36.56 billion in January, Commerce Secretary Rajesh Agrawal said on Monday, indicating steady overseas demand during the month.However, imports witnessed a sharper increase, climbing 19.2 per cent year on year to USD 71.24 billion in January, compared with USD 59.77 billion in the same month last year.The higher import growth led to a widening trade deficit of USD 34.68 billion during the month under review.Trade Deficit Widens Amid Higher Import Bill The gap between exports and imports expanded significantly as the import bill outpaced export growth. With imports...

Net Profit Surges in October–December Quarter New Delhi, February 16: Ashiana Housing reported a fivefold jump in net profit to Rs 56.65 crore in the third quarter of the current fiscal, driven by a sharp rise in total income.The real estate developer had posted a net profit of Rs 10.89 crore in the corresponding quarter of the previous year.According to a regulatory filing, total income increased significantly to Rs 373.35 crore in the October–December period of this fiscal, compared with Rs 139.93 crore a year earlier. The substantial growth in income supported the strong improvement in profitability during the quarter.Nine-Month Performance Shows Strong Turnaround For the April–December period of the 2025-26 fiscal, Ashiana...

New Delhi, February 16: In-Solutions Global Ltd, widely known as ISG, has received regulatory authorization from the Reserve Bank of India across all three Payment Aggregator categories, strengthening its position in India’s digital payments ecosystem.The approvals cover online, offline, and cross-border segments and have been granted under the latest RBI Master Directions for 2025-26.RBI Payment Aggregator Licenses Strengthen ISG’s Compliance Framework With this development, ISG becomes part of a select group of non-bank ecosystem players permitted to support merchant payments across domestic and international channels within a unified and fully compliant framework.The three approvals enable ISG to offer enterprises, banks...

Mumbai, February 16: The Indian rupee ended Monday’s session unchanged at 90.66 against the US dollar, as gains in domestic equities were counterbalanced by strength in the overseas dollar market and continued foreign fund outflows.Rupee Trades in Narrow Range, Ends at Previous Close In the interbank foreign exchange market, the rupee opened at 90.63 against the greenback. During the day, it moved within a tight band, touching an intraday high of 90.61 and a low of 90.72.The domestic currency finally settled at 90.66 on a provisional basis, matching its previous closing level. On Friday, the rupee had depreciated by 5 paise to close at the same level against the US dollar.Forex traders noted that lower crude oil prices offered...

Action Taken Under Toys Quality Control Norms The Central Consumer Protection Authority has imposed a penalty of ₹5 lakh on Snapdeal for selling toys that did not comply with mandatory certification requirements under the Toys Quality Control Order, 2020.The final order was issued against Snapdeal, operated by Ace Vector Limited, after the authority took suo motu cognizance of the matter, according to CCPA Chief Commissioner Nidhi Khare.Investigation Reveals Continued Sale of Non-Compliant Toys The Toys Quality Control Order, 2020 became mandatory from January 1, 2021, making Bureau of Indian Standards certification compulsory for all toys sold in India.However, the investigation found that non-compliant toys continued to be sold...

Mumbai, February 16: Global hospitality platform PRISM, the parent company of OYO, has partnered with Beyond Odds Technologies, which operates the skill-based training platform Emversity, to roll out an international Hotel Management Training and Placement Program aimed at enhancing employability among Indian youth in grey-collar roles.The collaboration seeks to build a structured pathway from classroom learning to global job placements within PRISM’s hospitality network.Structured Training Model Across India Under the partnership, Emversity will spearhead classroom and hands-on practical training at its centres across India. The program is designed to equip candidates with industry-relevant skills aligned to global hospitality...

Guar gum prices moved higher in futures trading on Monday, supported by increased speculative activity and firm demand in the physical market.February Contract Gains on Higher Participation On the National Commodity and Derivatives Exchange, the February guar gum contract advanced by ₹37, or 0.38 per cent, to trade at ₹9,900 per quintal. The contract recorded an open interest of 5,940 lots, reflecting active participation in the near-month segment.The uptick came as traders built fresh positions in response to strength in the underlying spot market.March Contract Also Edges Up The March delivery contract followed a similar trend, rising by ₹13, or 0.13 per cent, to ₹10,015 per quintal. The contract had settled at ₹10,002 per...