Ambuja Cements, owned by the Adani Group, has completed the acquisition of the participation of 37.8 percent of the promoters at the CK Birla Group Orient Cement Ltd (OCL) firm and has become a promoter. With this, the total participation of Cementos Ambuja in OCL has increased to 46.66 percent, since it has also acquired 1.82 shares of millions of rupees that represent 8.87 percent of public shareholders or OCL. “Ambuja has completed the acquisition of 7,76,49,413 capital shares (representing 37.79 percent of capital share capital) of the company of the promoter group,” said a regulatory presentation of OCL.
The Indian Competition Commission (CCI) approved on Tuesday the acquisition of Bharat Forge Ltd of AAM Manufacturing Corporation PVT LTD after accepting certain voluntary modifications proposed by the partners. Details about the modifications could not be determined immediately. Last month, CCI had sought public comments on the proposition agreement after Primie concluded that the transaction could be an impact on competition.
The India Competition Commission has also eliminated a joint proposal of the 360 One -One Heritage Management Firm and Bharti Life Ventures to acquire participations in Bharti Axa Life Insurance Company. Bharti Axa Life Insurance Company is a public company without an incorporated event in India. It is involved in the business of providing life insurance policies. “The Commission approves the acquisition of certain capital shares of Bharti Axa Life Insurance Company Ltd (Balic) by 360 a private capital fund, through its schemes or affiliates (Fund 360),” said the regulator in a statement.
The signature of the Adani Data Network Group will transfer all spectrum retention to Bharti Aurtel and its subsidiary Bharti Hexacom, both colleagues said in separate statements without revealing financial details. The development comes at a time when Adani Data Networks was about to lose all its 400 megaertz spectrum in the 26 Gigahertz band, since it did not meet the obligations of implementation within the stipulated time.
The state -owned Power Finance Corporation said Tuesday that it is activating additional actions and “exploring all possible options” in pending installments of ₹ 307 million rupees of Gensol Engineering, which was under the regulator of the Sebi market. The company has also filed a complaint with the Wing of Economic Crimes (EOW) regarding the issuance of counterfeit documents, which Gensol Engineering had presented to show its debt trace. PFC had sanctioned ₹ 633 million rupees to Gensol Engineering in January 2023.
Dr. Reddy’s laboratories and lupin are withdrawing from the products in the US market due to labeling and manufacturing errors, respectively, in accordance with the United States Health Regulator. According to the latest IT compliance report, the United States Drug and Food Administration (USFDA) said that a subsidiary of Hyderabad medications is a recovery of certain lots of a generic antiepileptic drug in the US market. Dr. Reddy’s Laboratories, INC, based in Princeton, is a recovery of 4,010 slight -led 0.75 pc in sodium chloride injection (1,000 mg/100 ml) in the USA. UU. Due to the labeling mixture, Usfda said.
Bondada Engineering Ltd has received a work order from Dineh Engineers LTD for supplying 55 numbers or towers of 40 MTR with all the accessories that will be delivered in Chhattisgarh and Jarkhand. The order is worth 5.93 million rupees (including GST) and must be executed within 8 months from the date of the purchase order.
PNC INFRATECH has declared L1 (the first lowest) in a project, namely, “construction of the high step from Heeradas Chouraha to Kumher Gate Chouraha in the city of Bharatpur, Bharatpur in the EPC mode” on April 22 for a cited price of RS. 239.94 million rupees. The completion period of the project is 24 months.
Ashoka Buildcon has received an acceptance letter for said Railway Central Project and the value of the contract accepted for the project is RS.568.86 million rupees, including GST. The project implies the ‘construction of land work, main bridges, minor bridges, Roces, P. Way Work and various civil works in relation to the conversion work of Pachora-Jamner’s caliber (approximately 53.3 km) excluding Pachora.
Kohinor Foods LTD has published a property located in Murthal, Sonipat, Haryana, together with the plant and machinery in accordance with the Single Agreement (OTS) and the Tripartite Agreement (TPA) concluded by the Company. The investor/ buyer has deposed ₹ 190 million rupees within 15 days from the date of execution of the TPA as the property sales consultation. The company has also deposited ₹ 10 million rupees with the main bank, which makes a total of ₹ 200 million rupees. This amount has been assigned among member lenders/ banks according to their respect actions.
Easemytrip.com has announced a strategic association with Sukoon Unlimited, a provider of senior premium care services, to offer exclusive benefits adapted to older people. This collaboration aims to make trips more accessible, comfortable and without stress for elderly travelers who reserve flights through Easemytrip. Older people can enjoy personalized assistance, exclusive discounts, priority seats, wheelchair assistance, soil support in airports and well -being services, such as previous and subsequent consultations.
INDO FARM EQUIPMENT LTD has successfully executed a strategic technology transfer agreement with Sichuan Hongsheng Heavy Machinery Co. Ltd., one of the main manufacturers or construction equipment in China. This collaboration, facilitated through Beida Commercial & Trade Company, empowers Indo Farm with the ability to make world-class towers cranes, improving indigenous production under the vision of ‘Make Inforce’s Self-Relion.
Somi Transporty Beltings LTD has ensured value orders to ₹ 48.65 million rupees in March 2025. The main orders are from NLC India Limited and Maharashtra State Generation CO for the supply of steel cord conveyor belts with specific measurements and degrees
Posted on April 23, 2025
