Vedanta, the mining giant, is exploring all possible legal solutions after the top court rejected its plea to restart operations at its copper smelter in Thoothukudi, Tamil Nadu. The company is considering filing a review petition to challenge the court’s decision.
In other news, Infosys has renewed its digital innovation partnership with the ATP Tour until 2026, focusing on driving AI-first innovations in professional tennis. Hindustan Aeronautics has signed an amendment to the LCA IOC contract, increasing the contract value significantly. Mahindra and Mahindra’s promoter has offered to sell a portion of the company’s equity for a substantial amount.
Bajaj Finserv reported impressive premium numbers for its general and life insurance units in February. Asian Paints is setting up an ethylene storage facility in Gujarat, while Glenmark Pharmaceuticals is selling a majority stake in its subsidiary to Nirma. Life Insurance Corp. has increased its stake in LIC Mutual Fund, and NLC India is planning to sell shares through an offer for sale.
Subex has secured a deal with a telecom operator in Southeast Asia, while OnMobile Global has appointed a new CEO. Jupiter Wagons has received a significant order from the Ministry of Railways, and Cyient has joined the eSync Alliance for automotive OTA connectivity. Redtape has incorporated a new entity in China, and GPT INFRA has received a substantial order from North Central Railway.
In the IPO market, Mukka Proteins is set to debut on the stock exchanges after a successful subscription round. RK Swamy and JG Chemicals also saw strong interest from investors in their IPO offerings. In block deals, Dollar Industries and Zomato witnessed significant transactions, while insider trades and pledge share details were also reported.
Overall, the business landscape is buzzing with activity, from legal battles to strategic partnerships and financial transactions. Stay tuned for more updates on the latest developments in the corporate world.
