Beijing-based multilateral funding agency Asian Infrastructure Investment Bank (AIIB) has subscribed to Rs 1,301.25 crore of Non-Convertible Debentures (NCDs) issued by Aditya Birla Capital Ltd. The investment, structured as a privately placed, three-year NCD issuance, aims to accelerate financing in the renewable energy and e-mobility sectors to support India’s transition toward a sustainable infrastructure ecosystem, Aditya Birla Capital Ltd (ABCL) said in a statement.

Kalpataru Projects International Limited has secured new orders worth ₹989 crore in the power transmission and distribution (T&D) sector. With these new orders, the company’s order intake till date in FY26 has reached ₹7,150 crore, KPIL said in an exchange filing.

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has sought clearance from the fair trade regulator CCI to acquire a 20 per cent stake in private sector lender Yes Bank. The development came after State Bank of India (SBI) and seven other lenders last month announced selling 20 per cent of their combined stakes in Yes Bank to SMBC for a consideration of Rs 13,483 crore, making it the largest cross-border investment in the Indian banking sector. Meanwhile, the private sector lender, has announced a change in its board of directors following the resignation of Shweta Jalan, Non-Executive Director and nominee of Verventa Holdings Ltd. Her resignation, submitted via a letter dated June 26, 2025, was formally taken on record by the board at its meeting held on June 27. With this, she also steps down from her roles in the relevant board committees.

Sigachi Industries on Monday said production at its Hyderabad plant, which saw a fire incident leading to the death of several workers, would be paused for around 90 days to restore affected equipment and structures. In addition to the human impact, the incident also caused damage to certain ancillary equipment and civil structures within the facility, it said in a regulatory filing. At least 12 people died and 34 persons were injured in an explosion at Sigachi Industries’ plant in this district on Monday, Telangana Minister Damodara Raja Narasimha said.

Diffusion Engineers Limited has received a domestic order worth about ₹48 crore for Supply of High Pressure Grinding Rolls (HPGRs) for Cement industry to be delivered over a period of next 11 months.

The board of Mangalam Seeds has approved sale of immovable property situated at Mouje Chhatral, Kalol, Gandhinagar, Gujarat.

KSB LTd has received a significant order for supply of Boiler Feed Pumps from Larsen & Toubro Limited (L&T) for NTPC’s supercritical power plant projects namely Gadarwara STPP Stage-II (2x800 MW) and Nabinagar STPP, Stage-II (3x800 MW).

SJVN Ltd’s wholly owned subsidiary - SJVN Green Energy Limited - has achieved commercial operation of 100.25 MW part capacity out of 1000 MW for Bikaner Solar Power Project on 30/06/2025. The project has achieved total COD of 501.02 MW out of 1000 MW as on date and the remaining capacity is expected to be commissioned soon.

S Mahesh Babu, CEO Switch Automotive Mobility Ltd, has decided to step down from his position to pursue opportunities outside the Group effective August 31. With effect from September 1, 2025, Ganesh Mani, Chief Operating Officer, Ashok Leyland, will take additional charge as CEO - Switch Automotive Mobility Limited (Switch India). This is in line with our strategy for Switch India to leverage on the strengths of Ashok Leyland to optimize its operational costs and maintaining focus on developing best-in-class battery electric buses and light commercial vehicles.

Blue Cloud Softech Solutions Ltd, a leading global technology company and Solution Provider listed on the BSE, has announced a significant win by securing a contract valued at $9.36 million through its client in the United States. The project, spanning 18 months, involves the development and implementation of a customized coastal surveillance system to enhance security along the South American coastline.

Texmaco Rail & Engineering Ltd has awarded an order of ₹27.76 crore for TRD maintenance & breakdown activities from South Western Railway. The orders have to completed in 24 months from the date of LOA.

NCC Ltd has received orders valuing ₹1,690.51 crore (Excluding GST) in June. The orders are related to Building Division. These orders are received from State Government Agencies and Private Limited Company and does not include any internal orders.

Bharat Electronics Ltd has secured additional orders worth ₹528 Crore since its last disclosure on June 20. Major orders received include Radars, communication equipment, EVMs, jammers, shelters, control centre, spares, services etc.

Subex, world’s leading Business Assurance and Fraud Management player, has announced the launch of FraudZap™, a lightweight, AI-powered fraud detection platform designed to help Telecom Operators combat fast-evolving fraud with unmatched speed and agility. The platform’s first out-of-the-box use case targets the growing threat of Handset Fraud, one of the most pervasive challenges for telcos currently.

CG Power and Industrial Solution has announced the launch of its qualified institutional placement on Monday for Rs 3,000 crore and the floor price is fixed at Rs 679.08 per share.

Reliance Defence has announced a strategic partnership with US-based Coastal Mechanics to tap into India’s expanding defence maintenance, repair & overhaul (MRO) and upgrade market, valued at around ₹20,000 crore. The collaboration will focus on delivering end-to-end MRO, upgrade and lifecycle support services for a range of Indian defence platforms, the company said in a statement on Monday, June 30.

The board of Astec LifeSciences Ltd has approved a rights issue of equity shares aggregating up to ₹249.35 crore, at an offer price of ₹890 per share.

The board of Federal Bank has approved a comprehensive fundraising plan through both equity and debt routes, subject to necessary shareholder and regulatory approvals. On the equity front, the bank aims to raise capital through various instruments such as a rights issue, preferential issue, further public offer (FPO), qualified institutional placement (QIP), global depository receipts (GDR), American depository receipts (ADR), foreign currency convertible bonds (FCCBs), or a combination of these, the company said in a release to the exchanges.

Published on July 1, 2025