Patanjali Meals Ltd on Wednesday introduced that the Supreme Courtroom has quashed the Rs 186 crore tax demand imposed on the corporate. The transfer got here as a part of a Particular Depart Petition (SLP) filed by the Principal Commissioner of Earnings Tax, Central 4. The SLP was filed towards a ruling by the Bombay Excessive Courtroom. “The calls for of Rs 186 crore for pre–Company Insolvency Decision course of (CIRP) interval raised by Earnings Tax Deptt. has been quashed by Hon’ble Supreme Courtroom of India,” Patanjali Meals mentioned in a regulatory submitting.
Kothari Industrial Company Ltd has earmarked about Rs 7,300 crore of investments unfold over the subsequent two-three yr interval to deal with fertiliser and footwear companies in Tamil Nadu, a prime official mentioned. The funding would see the institution of a fertiliser manufacturing unit in Tamil Nadu at about Rs 1,300 crore, footwear manufacturing amenities in Karur and Eraiyur in Kallakurichi district at round Rs 6,000 crore below the Phoenix Kothari Footwear Ltd, apart from an industrial park for footwear and ancillaries in southern Tamil Nadu.
The Mahindra Group on Wednesday mentioned it has tied up with US defence expertise agency Anduril Industries to co-develop and produce autonomous maritime programs to counter drone threats, offering enhanced safety towards unmanned aerial programs. The companions additionally plan to collectively provide you with superior AI-enabled Counter Unmanned Aerial System (CUAS) applied sciences and revolutionary Command and Management (C2) software program.
Burmans’ open supply of Rs 2,116 crore for the acquisition of extra 26 per cent stake in Religare Enterprises Ltd (REL) has obtained tepid response. The tender value for open supply was mounted at Rs 235 per share. As per the information of open supply, towards 90,042,541 shares (26 per cent), solely 231,025 shares (0.07 per cent) had been tendered. The open supply closed on February 13 and the date of fee of consideration was February 17, the information mentioned.
Goldman Sachs on Wednesday purchased shares of main inventory change BSE for Rs 401 crore via an open market transaction. In line with the majority deal information obtainable on Nationwide Inventory Trade (NSE), US-based Goldman Sachs via its arm Goldman Sachs (Singapore) bought 7.28 lakh shares of BSE Ltd. The shares of Mumbai-headquartered BSE had been picked up at a mean value of Rs 5,504.42 apiece, taking the deal worth to Rs 401.19 crore.
Torrent Inexperienced Power, subsidiar yof Torrent Energy, has integrated Torrent Urja 30 Pvt Ltd (TU30), a wholly-owned subsidiary, on February 19, 2025. TU30 is into electrical energy era from renewable power. It’s integrated in India and registered with the Registrar of Corporations in Ahmedabad on February 12, 2025, a regulatory submitting by Torrent Energy mentioned.
Kalyani Strategic Methods Ltd (KSSL), subsidiary of Bharat Forge, has inked a pact with AM Common, USA to provide made-in-India superior artillery cannons. KSSL has signed a Letter of Intent (LOI) at IDEX 2025 in AbuDhabi, the corporate mentioned in a regulatory submitting. This marks the first-ever provide of cannons from an Indian defence producer to the US, a testomony to the strengthening bilateral defence cooperation between our two nations, it added.
Journey model Cox & Kings, which was acquired by Singapore-based personal fairness and enterprise capital agency Wilson & Hughes final yr via insolvency proceedings, on Wednesday introduced enlargement of its India presence with the launch of 10 new franchisees in key cities. With rising curiosity from entrepreneurs and journey fans, Cox & Kings plans to ascertain 300 franchises, most popular brokers, and vacation golf equipment throughout India and globally over the subsequent two years, the corporate mentioned in a press release.
JBM Auto Ltd’s subsidiary JBM Ecolife Mobility on Wednesday introduced securing an order value Rs 5,500 crore for provide of 1,021 electrical buses below the PM e-Bus Sewa Scheme-2. These buses, that are to be delivered over a interval of 18 months, will likely be deployed throughout 19 cities in Gujarat, Maharashtra and Haryana, JBM Ecolife Mobility mentioned. The deployment interval will, nevertheless, be for 12 years, it mentioned.
Waaree Energies has bagged an order from a home entity to provide photo voltaic PV modules of 362.5 MWp capability. The corporate didn’t disclose the title of the corporate which positioned the order. The provision of modules is scheduled to begin in FY26. Concerning the nature of contract, it mentioned that it’s a one-time order.
