Ola Electric has said that it has scaled up deliveries of its 4680 Bharat Cell-powered S1 Pro+ (5.2 kWh) across Tamil Nadu, Kerala, Telangana, and Karnataka. The company has commenced deliveries across Coimbatore, Kochi, and Hyderabad, and is continuing to ramp up in Bengaluru, Ola Electric said in a statement. The S1 Pro+ (5.2 kWh) is the first product powered by the company’s indigenously manufactured 4680 Bharat Cell battery pack, delivering more range, higher performance and enhanced safety, it added.
Adani Group plans to invest Rs 1.8 lakh crore next year in defence manufacturing, with a focus on strengthening capabilities in unmanned and autonomous systems and advanced guided weapons, as it seeks to play a stealth anchor role in India’s future warfare capabilities, sources said. Adani Defence & Aerospace (a subsidiary of Adani Enterprises) in 2025 transitioned from extended planning cycles to rapid deployment, with some of its military hardware used in Operation Sindoor. Next year, it will invest in unmanned and autonomous systems, advanced guided weapons, sensors and electronics, AI-enabled multi-domain operations, and scaled-up maintenance, repair and overhaul (MRO) and training infrastructure, company sources said.
The Monarch Surveyors and Engineering Consultants Limited has received the Work Order for a pre- and post-tamping track measurement survey using the Trimble GeoDo Vorsys trolley system, with a total project value of about Rs 3.3 crore. This is a significant development and is expected to positively impact the company’s business operations.
GMR Group has passed the qualifying round to submit a bid for the $800 million new Taif International Airport project in Saudi Arabia, according to the National Centre for Privatisation & PPP of the Arabian country. Besides GMR, Bengaluru International Airport Ltd – Tamasuk consortium, Turkey’s TAV Airports – Mada International Holding consortium, Irish company Daa International-led consortium, and Kalyon Insaat consortium, were qualified for the project bidding. The project will be undertaken under a Public-Private Partnership (PPP) model via a Build-Transfer-Operate (BTO) contract for a period of 30 years, including the construction period.
Avantel Ltd has received a Contract worth Rs 4.16 Crores (Incl. Taxes) vide mail dated December 26, 2025, for CAMC of Satcom Equipment from the Ministry of Defence, Headquarters Naval Aviation.
Coforge said it will acquire a 100 per cent stake in Silicon Valley-based AI firm Encora for an enterprise value of $2.35 billion (about Rs 21,133 crore). The acquisition will be funded through an all-stock transaction. Coforge will issue preferential shares worth about $1.89 billion to Encora’s current shareholders, including private equity giants Advent International and Warburg Pincus. Upon completion, the sellers will hold a 20 per cent stake in the expanded share capital of Coforge. “Coforge has signed a definitive agreement to acquire 100 per cent shares of Encora from Advent International, Warburg Pincus and other minority shareholders. The enterprise value of the transaction is $2.35 billion,” Coforge said in a regulatory filing.
CuraTeQ Biologics Private Limited, a wholly owned subsidiary of Aurobindo Pharma, has mutually agreed to terminate its agreement with BioFactura Inc., US, relating to BFI-751, the proposed ustekinumab biosimilar product. This decision is aligned with CuraTeQ’s strategic portfolio prioritisation and is not expected to have a material impact on the company’s overall biosimilars strategy. The said agreement was executed on July 7, 2023 and terminated on December 27, 2025.
Amit Raj Sinha, Managing Director & CEO of Sigachi Industries Ltd, was remanded on December 27, in connection with the ongoing investigation relating to the fire incident at the Company’s Hyderabad Unit located at Pashamylaram, which occurred on June 30. The company has taken all necessary measures to ensure the continuity of its operations and day-to-day activities. In the interim, Lijo Stephen Chacko, Deputy Group CEO, will oversee the Company’s operations.
Shareholders of Viceroy Hotels at its Extra-Ordinary General Meeting have approved the acquisition of SLN Terminus Hotels and Resorts Private Limited, a private company incorporated in India. The Company operates a Marriott-associated hotel on leased premises (9th-12th floors) with 75 long-stay rooms, measuring 1,65,000 sq. ft., plus parking, and an undivided land share of 2,442 sq. yds, situated at SLN Terminus, Sy.No. 133, Gachibowli, Hyderabad, owned by its shareholders and others.
The board of directors of Steel Strips & Wheels has approved a capacity expansion plan. The board approved execution of Lease Agreement between the Company and AMW Autocomponent Limited (AACL), a wholly owned subsidiary of the Company for an initial period of 11 months commencing from 26.12.2025, extendable from time to time as may be required, fortaking entire land, together with buildings, sheds, structures, rights, fixtures, utilities, facilities, etc. thereon on “as is where is basis” situated at Administrative Building, Bhuj-Bhachau Road, Near Village Kannaiyabe, Kachchh, Bhuj, Gujarat, India, 370020 measuring around 288793.19 sq. mt., on leasehold basis from AACL. This lease has been undertaken to meet the increasing operational requirements to expand manufacturing capacity by setting up new manufacturing units for Alloy Wheels and Aluminium Steering Knuckles.
Published on December 29, 2025