Mahindra & Mahindra Ltd has entered into an settlement to accumulate 58.96% stake in SML Isuzu Ltd at Rs 650 per share, which is an outlay of Rs 555 crore. As well as, M&M will make an open supply in accordance with SEBI Takeover Laws. The proposed acquisition is a step in the direction of establishing a robust presence within the >3.5T CV section, the place M&M has a 3 per cent market share in the present day, as in comparison with a 52 per cent market share within the <3.5T LCV section. M&M’s Vehicles and Buses Division has made significant progress over the previous few years. This acquisition will double the market share to six per cent, with a plan to extend this to 10 – 12 per cent by FY31 and 20%+ by FY36.
Hindustan Zinc Ltd (HZL) plans to foray into potash mining and is eyeing a block in Rajasthan which has a good probability of getting lithium reserves additionally, a high official of the corporate stated. India closely depends on potash imports and has been exploring methods to cut back its dependence on imports. India’s potash imports primarily come from international locations like Russia, Canada, Belarus, and Israel. The corporate can also be planning to develop past base metals — zinc and lead — and treasured metallic silver in addition to all crucial minerals that are of strategic curiosity to the corporate, a PTI report quoting Hindustan Zinc CEO Arun Misra, stated.
Kicking off the method of switch of possession of promoter shares in TVS Holdings, the promoter agency of TVS Motor Firm, Sudarshan Venu has develop into a ‘important helpful proprietor’, in keeping with regulatory submitting by the corporate. Sudarshan Venu, Managing Director of TVS Holdings, is the son of Venu Srinivasan who’s the Chairman and Non-Government Director of the core funding firm — previously often known as Sundaram-Clayton Ltd. As per an RoC submitting by TVS Holdings on April 23, 2025, each Venu Srinivasan and Sudarshan Venu are actually ‘individuals performing in live performance and important helpful homeowners’ after an inter-se switch between the promoters of the agency. TVS Holdings owns 50.26 per cent in two and three-wheeler maker TVS Motor Firm. Sudarshan Venu already leads TVS Motor Firm as its Managing Director. The most recent improvement makes clearer the alignment of possession and administration of companies between the youngsters of Venu Srinvasan and Mallika Srinivasan and a continuation of a easy execution of the succession planning initiated earlier.
CuraTeQ Biologics, an entirely owned step-down subsidiary of Aurobindo Pharma Restricted, has introduced that the Committee for Medicinal Merchandise for Human Use (CHMP) of the European Medicines Company (EMA) has adopted a constructive opinion recommending advertising authorisation of Dazublys® (150 mg powder for focus for answer for infusion), its trastuzumab biosimilar, for the therapy of HER2-positive metastatic and early breast cancers.
Energy buying and selling options supplier PTC India on Saturday introduced appointment of Manoj Kumar Jhawar as Chairman & Managing Director of the corporate. Manoj Kumar Jhawar joined PTC Board as Entire time Director designated as Director (Industrial & Operations) on January 18, 2024, a regulatory submitting stated.
IRM Power Ltd has signed a tripartite settlement with IAV Biogas Pvt Ltd and GAIL (India) Ltd for the off-take of compressed bio-gas (CBG) facility in Namakkal and Tiruchirappalli districts in Tamil Nadu The settlement signed between the three entities on April 17, below the CBG-CGD (Metropolis Gasoline Distribution) Synchronisation scheme, marks a big milestone in advancing India’s clear vitality initiative by integrating Compressed Bio-Gasoline into town gasoline distribution community.
Zydus Lifesciences on Saturday stated the US well being regulator has issued six observations after inspecting its Gujarat-based API manufacturing unit. “We want to inform that the US Meals and Drug Administration (USFDA) carried out a surveillance inspection on the group’s API (energetic pharmaceutical ingredient) unit situated at Dabhasa in Gujarat,” the drug agency stated in a regulatory submitting. The inspection was carried out from April 21-25, 2025.
Biocon Biologics Ltd (BBL), a completely built-in international biosimilars firm and subsidiary of Biocon Ltd has introduced that the Committee for Medicinal Merchandise for Human Use (CHMP) of the European Medicines Company has issued constructive opinions recommending the approval of its denosumab biosimilars candidates for distinct therapeutic indications for bone well being: Vevzuo and Denosumab BBL (model title is at the moment below approval).
Billionaire Mukesh Ambani’s youngest son, Anant has been appointed as Government Director of Reliance Industries Ltd for a five- 12 months time period efficient Might 1, the corporate stated. Ambani had in August 2023 inducted his three youngsters – twins Isha and Akash and Anant – on the board of oil-to-telecom conglomerate as non-executive administrators, in preparation of an eventual succession plan.Indian Renewable Power Improvement Company (IREDA), one among two public sector lenders who had loaned cash to scam-hit Gensol Engineering for getting electrical automobiles, on Friday stated the promoters of the agency breached the contract by diluting shareholding with out lenders’ approval.
IREDA stated it has filed a criticism with the Financial Offences Wing (EoW) for the contract breach on April 24. “Following latest developments regarding Gensol Engineering Ltd and its promoters and affiliate firms, IREDA has initiated an inside overview in accordance with RBI tips and the corporate’s due diligence protocols,” IREDA stated in a inventory change submitting.
Alembic Prescribed drugs has commissioned a brand new facility in Pithampur Madhya Pradesh for manufacturing formulations. The ability has been arrange with an funding of round Rs.205 crore, which the corporate raised by way of inside accruals/borrowings. Enterprise enlargement and alternative to maneuver third social gathering merchandise to in-house are rationale behind establishing the power. On the prevailing capability and utilisation the corporate, in a submitting on Saturday stated it has a number of manufacturing amenities for formulations and their capacities have been being optimally utilised.
Harsha Engineers has signed a significant LOI for recurring provide of stamping merchandise to a multinational firm manufacturing AC compressors. The settlement, efficient April 26, 2025, is estimated at ₹18 crores each year for an preliminary interval of 5 years. The deal is with a home entity and doesn’t contain any associated social gathering transactions, in keeping with the corporate’s disclosure.
Apollo Tyres on Friday stated it’ll discontinue tyre manufacturing on the Enschede-based plant within the Netherlands from subsequent 12 months. The board of Apollo Tyres NL BV has submitted a Request for Recommendation to the Works Council on the supposed resolution to discontinue the tyre manufacturing and production-related actions on the plant in Enschede, the Netherlands by the summer season of 2026 All employees have been knowledgeable accordingly in a city corridor assembly.
NTPC Inexperienced Power Restricted (NGEL), a wholly-owned subsidiary of NTPC Restricted, has signed a Memorandum of Understanding (MoU) with Honeywell UOP India Pvt Ltd to discover the manufacturing of Sustainable Aviation Gas (SAF), marking a significant step towards decarbonizing India’s aviation sector. Beneath the settlement, each events will collectively conduct a feasibility research for SAF manufacturing utilizing Honeywell’s proprietary eFining™ know-how. The research will give attention to using captured carbon dioxide emissions from NTPC’s energy vegetation and inexperienced hydrogen produced as a part of NTPC’s ongoing renewable initiatives.
The board of NRB Bearings has accredited capital funding of ₹200 crore for upgradation and enhancement of capability at R & D Centre, Jalna, Chikalthana, Waluj and Hyderabad plant and appointment of Kishor Harish Talreja because the Firm Secretary and Compliance Officer of the Firm.
JSW Metal Coated Merchandise (JSWSCPL), subsidiary of JSW Metal, has submitted a decision plan within the company insolvency decision technique of Color Roof India on July 1, 2024. The Committee of Collectors has accredited the decision plan submitted by JSWSCPL and has declared it as profitable decision applicant.
GAIL India has signed a Memorandum of Understanding (MoU) with Container Company of India (CONCOR) to discover the adoption of liquefied pure gasoline (LNG) as a substitute gasoline within the logistics sector.
Outcomes Calendar: Aditya Birla Solar Life AMC, Adani Inexperienced Power, Adani Whole Gasoline, Adani Wilmar, UltraTech Cement, BEML, Central Financial institution of India, CSB Financial institution, Greenply, Hatsun Agro, Hexaware, IDBI Financial institution, RPG Lifesciences, Firstsource Options, IRFC, Oberoi Realty, PNB Housing Finance, TVS Motor Firm, TVS Holdings, Castrol India, Fino Funds Financial institution,Go Digit Basic Insurance coverage, Greenply Industries, IIFL Capital Providers, Indegene, KFin Applied sciences, KPIT Applied sciences, Nippon Life India Asset Administration, Sanghi Industries, Shree Digvijay Cement, Vimta Labs and UCO Financial institution
Revealed on April 28, 2025
