Indian Overseas Bank

The bank has received an order from the Income Tax Department stating that the amount refundable to the bank for the Assessment Year 2015-16, including interest, is Rs 1,359.29 crore.

HG Infra Engineering

The company has received a letter of acceptance from the Ministry of Road Transport and Highways (MORTH) for a project worth Rs 763.1 crore. The project involves the improvement and upgradation of a two-lane road with paved shoulders configuration for the newly declared NH227B, Bahuvan Madar Majha to Jagarnathpur, in Uttar Pradesh under Hybrid Annuity Mode (Package VI).

LTIMindtree

The technology consulting and digital solutions company has announced a strategic partnership with GitHub, the widely adopted Copilot-powered developer platform. This partnership aims to drive scalable enterprise innovation and transform software development with advanced AI capabilities.

Saakshi Medtech and Panels

The company has received a Letter of Business Award (LoBA) from Mahindra & Mahindra for the supply of EV panels, including a three-year guarantee/warranty. The total order value is approximately Rs 250 crore over five years, ending in 2029.

Asian Granito India

The company has entered into a joint venture agreement with Shudh Investments and Klyn Stone of the UK to acquire shares of Klyn AGL. Klyn AGL is a joint venture company incorporated in England and Wales for the trading business of large porcelain slabs, various types of tiles, and quartz products.

Asian Paints

Life Insurance Corporation of India (LIC) has increased its stake in the company to 7.010% from 5%. LIC purchased an additional 2.009% stake through open market transactions between January 1 and December 9.

Morepen Laboratories

The company has launched LightLife, a weight management program designed to align with modern lifestyles.

NTPC Green Energy

NTPC Renewable Energy, a subsidiary of the company, has secured 500 MW of solar power capacity at a tariff of Rs 3.52 per kWh. This includes setting up an Energy Storage System (ESS) of 250 MW/1000 MWh along with the contracted solar capacity.

Ashiana Housing

The Directorate General of GST Intelligence (DGGI) conducted a search at the premises of the company's unit, Treehouse Hotel Club and Spa, Bhiwadi, on December 6. In response, the company made an interim payment of Rs 1.5 crore for a tax review. The DGGI observed that GST liability was calculated incorrectly due to an error in applying the GST rate on food and beverage billing from the restaurant.

Ujjivan Small Finance Bank

The Reserve Bank of India has approved the reappointment of Banavar Anantharamaiah Prabhakar as part-time Chairman of Ujjivan Small Finance Bank for three years, effective November 23, 2024.

Asahi India Glass

The company has signed a share purchase agreement with SPR Engenious to sell its 30% stake in TGPEL Precision Engineering for Rs 66 crore. SPR Engenious is a subsidiary of Shriram Pistons & Rings.

Hinduja Global Solutions

The Board of HGS CX Technologies Inc, a wholly owned subsidiary of Hinduja Global Solutions, has approved the merger of its five wholly owned US subsidiaries into itself. These subsidiaries include Hinduja Global Solutions LLC, HGS Digital LLC, HGS (USA) LLC, HGS Canada Holdings LLC, and Teklink International LLC.

JSW Steel

The company has received a GST notice with a penalty order of Rs 64.5 crore from the Commissioner of GST and Central Excise, Belagavi division. This pertains to the non-payment of GST under the Reverse Charge Mechanism for upfront and monthly payments made to the government for mining rights between July 2017 and July 2019 in Karnataka. JSW Steel plans to challenge the penalty demand.

Reliance Infrastructure

The company's subsidiary, Reliance Velocity, has incorporated a new entity, Reliance EV Go. The subsidiary aims to manufacture, buy, sell, and deal in electric vehicles.

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