Nazara Technologies’ shareholding in its subsidiary Nodwin will fall below 50 per cent after a fresh funding round, the company said in a regulatory filing. Nodwin Gaming has intimated to Nazara about its proposal to raise fresh capital from certain existing shareholders to pursue aggressive growth in its esports and youth media business. “The company, in line with its sharper strategic focus on core gaming IPs, has decided not to participate in the proposed capital raise by Nodwin. Consequently, the proposed capital raise will result in the shareholding of the Company in Nodwin falling below 50 per cent,” Nazara said in the filing.
The government will scrutinise recent agreements of domestic electronics contract manufacturer Dixon with Chinese firms Chongqing Yuhai and Kunshan Q Technology. Dixon has signed separate agreements with Chinese electronic component firms — Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology — for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. “Due process will be followed when their application comes under Press Note 3 rules,” an official said.
LT Foods has opened an organic food processing facility in Rotterdam as part of its push to sell directly to European consumers, the company said on Wednesday. The 70-year-old firm invested Rs 20 crore in the initial setup of the 20,000 square meter facility at Rotterdam’s port, with plans to invest another Rs 15 crore over three years.
Arvind Fashions Limited (AFL), leading fashion casual wear and denim company, has named Amisha Jain as the new Managing Director and Chief Executive Officer of the company with effect from August 13, as part of the succession planning of the organisation. She will be succeeding Shailesh Chaturvedi who will work closely with Amisha to ensure a smooth transition.
The Cabinet Committee on Economic Affairs has approved a special exemption for NLC India (NLCIL) from the prevailing investment guidelines applicable to Navratna Central Public Sector Enterprises (CPSEs). This strategic decision enables NLCIL to invest ₹7,000 crore in its wholly owned subsidiary, NLC India Renewables Limited (NIRL) and in turn NIRL investing in various projects directly or through formation of Joint Ventures, without the requirement of prior approval under the existing delegation of powers.
Emcure Pharmaceuticals Ltd and Sanofi India have entered into an exclusive distribution and promotion agreement for SIL’s oral anti-diabetic (OAD) products in India, effective immediately. Emcure will exclusively distribute and promote the Company’s OAD range of products that include well-established brands like Amaryland Cetapin. While SIL will continue to own and manufacture these brands across Sanofi’s plants in India and internationally, Emcure will leverage its strengths to engage healthcare professionals and expand reach of these therapeutic solutions for patients who need them across all of India.
Broking firm Angel One’s net profit for the June quarter fell over 60 per cent to ₹114.5 crore from ₹292.7 crore a year ago, as its revenue took a hit from SEBI’s curbs on excessive speculation in the equity derivatives market. The consolidated revenue fell to ₹1,141 crore (₹1,405 crore), down over 18 per cent. Sequentially, revenue rose 8 per cent from ₹1,056 crore, and net profit fell 34 per cent from ₹174.5 crore.
Lupin has launched Loteprednol Etabonate Ophthalmic Suspension, 0.5 per cent, in the US. Loteprednol Etabonate Ophthalmic Suspension, 0.5% is bio-equivalent to Lotemax Ophthalmic Suspension, 0.5%, of Bausch & Lomb Inc and ndicated for the treatment of steroid responsive inflammatory conditions of the palpebral and bulbar conjunctiva, cornea and anterior segment of the globe such as allergic conjunctivitis, acne rosacea, superficial punctate keratitis, herpes zoster keratitis, iritis, cyclitis, selected infective conjunctivitides, when the inherent hazard of steroid use is accepted to obtain an advisable diminution in edema and inflammation.
Hindustan Zinc has received letter of intent from the Ministry of Mines, Government of India, for one of the first potash blocks in the country. The company secured the block under Tranche V of e-auction by the Central Government in the month of May 2025. Earlier this month, Hindustan Zinc also received letter of intent from the Government of Uttar Pradesh for a Rare Earth Elements (REE) block. With this, the company has now secured three critical mineral blocks, including the Tungsten and Associated Minerals block in Andhra Pradesh.
Asian Energy Services Ltd has been awarded work order from Sun Petrochemicals for hiring of services for 3D Seismic Data Acquisition & Processing in Gulf of Khambhat, Gujarat. The total contract value is ₹46 crores exclusive of GST and the order will be executed over a span of 12 months.
Godawari Power & Ispat said that the Ministry of Environment & Forests & Climate Change, Government of India, Impact Assessment Division Industrial Projects has accorded environment clearance to it for setting up of Integrated Steel plant having capacity of 2 million tons (2×1 million ton each) per annum.
PNC Infratech informed the exchange that it has secured 300 MW ISTS-connected solar project, emerging as the lowest bidder from NHPC. The contract includes a 150 MW / 600 MWh energy storage system, at a quoted tariff of ₹3.13/kWh
Manali Petrochemicals Limited (MPL) and part of AM International, Singapore has marked a significant milestone by expanding its Propylene Glycol (PG) Plant. The newly established facility will commence operations upon receipt of the Consent to Operate (CTO) from the Tamil Nadu State Pollution Control Board.
TPI India has received an order worth ₹13.77 crore from Indian Oil Corporation Limited for manufacturing and supply of FIBC bags.
Published on July 17, 2025