Category: Corporate

Categories
Corporate

L&T to make all-terrain BvS10 Sindhu vehicles

Larsen & Toubro (L&T) will manufacture the BvS10 Sindhu, an all-terrain armoured vehicle, for the Indian Army at its Hazira facility in Gujarat.

The vehicle is designed to operate in high-altitude mountains, deserts, marshes, and flooded areas. It is also amphibious, able to move through water. The modular design allows it to be used as a troop carrier, command post, ambulance, cargo vehicle, or weapon platform.

The project is in collaboration with BAE Systems Hägglunds, the original designers of the BvS10, who will provide technical support. L&T will handle local manufacturing, maintenance, and long-term support, ensuring the vehicles remain operational throughout their lifecycle.

This deal is a major step under Make-in-India, strengthening domestic defence manufacturing while providing the Army with robust, versatile vehicles for difficult terrains.

The BvS10 platform is already used by countries like the UK, Sweden, France, Austria, the Netherlands, and Ukraine, and the Indian version “Sindhu” will now be produced locally.

Tommy Gustafsson Rask of BAE Systems praised the vehicle’s mobility in extreme climates, while L&T officials highlighted their role in building advanced defence systems in India.

Also Read: Hindustan Unilever announces Kwality Wall’s demerger for shareholders

Categories
Corporate

Sensex rallies 446 pts, Nifty crosses 26,150

After a 14-month pause, the Nifty and Sensex are closing in on their record highs and could soon reach new peaks. In today’s trading, the Sensex rose 446 points to 85,633, and the Nifty gained 139 points to close at 26,192.

Months of foreign investor selling, trade worries, and geopolitical uncertainty had slowed the market, but experts say the outlook is improving and a sustained rally may be underway.

Top gainers were Eicher Motors, Bajaj Finserv, Bajaj Finance, and Reliance Industries, all rising 2–3%. Top losers included Asian Paints, HCL Technologies, and Titan, which fell around 1%.

Overall, the market is showing strength, with large-cap stocks leading the way as investors regain confidence.

Also Read: Sensex gains 150+ points, Nifty tops 26,050

Categories
Corporate

Hindustan Unilever announces Kwality Wall’s demerger

Hindustan Unilever Ltd (HUL), India’s leading FMCG company, is separating its ice-cream business into a new, independent company called Kwality Wall’s (India) Limited (KWIL). The move aims to allow the ice-cream unit to focus on growth while giving HUL shareholders a direct stake in the new company.

The company has announced 1 December 2025 as the effective date for the demerger. The record date for eligibility to receive shares in Kwality Wall’s is 5 December 2025. Shareholders holding HUL stock on that day will receive one Kwality Wall’s share for every HUL share they own.

Post-demerger, the Unilever Group will retain 61.9% of the new company, with the rest distributed among HUL shareholders. Kwality Wall’s will inherit HUL’s ice-cream assets, including five manufacturing plants and over 1,200 employees. The company’s total assets are valued at more than ₹900 crore.

HUL says the ice-cream business operates very differently from its other FMCG segments, requiring specialized cold chain logistics and distribution. By creating a separate entity, Kwality Wall’s can make faster decisions, pursue market opportunities, and innovate in line with consumer trends.

HUL’s stock rose following the announcement, reflecting investor optimism. The current share price is approximately ₹2,429.00 on the NSE today. Analysts believe the demerger could unlock additional value for shareholders, as the ice-cream business will now have its own board, management, and market visibility.

Once Kwality Wall’s is listed on the stock exchanges, its market price will be determined independently. HUL management expects the spin-off to strengthen both companies, offering shareholders clearer choices and a focused growth path for the ice-cream business.

Also Read: Adani sells 13% AWL stake to Wilmar for ₹4,646 crore

Categories
Corporate

Adani sells 13% AWL stake to Wilmar for ₹4,646 crore

Adani Enterprises has sold a 13% stake in AWL Agri Business Ltd to Lence Pte Ltd, a fully owned subsidiary of Singapore-based Wilmar International, for ₹4,646 crore. The transaction was completed through an off-market deal at around ₹275 per share.

Before this sale, Adani’s subsidiary, Adani Commodities LLP, held a 20% stake in AWL Agri Business. After selling 13%, the Adani Group’s stake drops to about 7%, while Wilmar’s shareholding rises to nearly 57%, giving it stronger control over the company.

The deal also results in the termination of the long-standing shareholders’ agreement between Adani and Wilmar, which had been in place since 1999. The Competition Commission of India had already approved the stake transfer.

This decision is part of Adani’s broader strategy to fully exit the consumer goods and food products business and refocus on its core areas such as infrastructure, energy, and logistics. In recent months, Adani had outlined plans to divest up to 20% of its holding in AWL Agri Business to Wilmar at the same valuation.

AWL Agri Business which was formerly known as Adani Wilmar, is known for selling everyday food essentials including edible oils, rice, flour, pulses and sugar under well-known brands. With this transaction, Wilmar International becomes the clear majority owner and will now take the lead in driving the company’s future strategy.

Also Read: Adani Enterprises wins Golden Peacock ESG Award

Categories
Corporate

Reliance up 2% on O2C rebound, new-energy push

Reliance Industries’ share price climbed nearly 2% on Thursday, hitting its highest level in about four months. Analysts say the rise is mainly because of improving conditions in its oil-to-chemicals (O2C) business and steady progress in its new-energy plans.

Brokerages expect the O2C segment, which includes refining and petrochemicals,  to perform better in the coming months. Global refining margins have improved, and Reliance’s ability to source different types of crude oil gives it an advantage. Analysts believe this will help boost the company’s earnings in the second half of the financial year.

At the same time, Reliance’s new-energy business is gaining attention. The company is setting up a large battery giga-factory in Jamnagar, expected to be operational early next year. This factory will support Reliance’s long-term push into green technologies such as energy storage, solar manufacturing and clean fuels.

Brokerages remain optimistic. UBS has kept its “buy” rating and a target price of around ₹1,820 per share, citing the likely recovery in the O2C business. Motilal Oswal has also maintained a “buy” rating and raised its valuation of the new-energy segment, expecting it to contribute significantly in the future.

Analysts estimate that earnings from the O2C business could rise from about ₹29,500 crore in the first half of FY26 to nearly ₹34,000 crore in the second half.

Also Read: NBCC sells 609 Greater Noida flats for ₹1,069 crore

Categories
Corporate

Adani Enterprises wins Golden Peacock ESG Award

Adani Enterprises Limited (AEL) has added an important milestone to its journey by winning the Golden Peacock Award for Excellence in ESG for 2025,  a recognition that reflects not just corporate achievement, but a shift towards more responsible and mindful growth.

The award was presented at the Annual London Global Convention of the Institute of Directors, where organisations from across the world shared their sustainability journeys. Among more than 400 applicants, AEL stood out as the only winner in the Diversified Sector, marking a proud moment in its first year of participation.

When Andhra Pradesh Chief Minister N. Chandrababu Naidu handed over the award, AEL’s Chief Sustainability Officer Vivek Panda received it with a sense of both pride and responsibility. For a company that has grown rapidly across infrastructure, airports, energy and new-age industries, the recognition reinforces that expansion and ethics can go hand in hand.

Company leaders have often described sustainability as a “belief system” rather than a checklist, a philosophy evident in their latest ESG Factbook. Here, AEL outlines clear targets: using 100% green electricity at the Mumbai International Airport, bringing down energy consumption intensity by 30% by 2030, and continuously reducing its carbon footprint through innovative, cleaner technologies.

AEL has also been focusing on how its work touches people, from community programmes around education and health, to inclusive employment practices and safer workplaces. Its teams have invested in cutting emissions, conserving water, managing waste responsibly and finding ways to grow without leaving behind environmental damage.

Over the years, these efforts have caught the attention of global sustainability rating agencies, investors and industry leaders who increasingly see ESG not as a trend, but as the foundation of long-lasting business.

For Adani Enterprises, the Golden Peacock Award is a reminder that growth carries a deeper meaning when it uplifts people and preserves the planet. The company says it remains committed to strengthening this approach as it expands into new sectors, guided by the belief that progress is most powerful when it is responsible, transparent and inclusive.

Also Read: Adani’s new ad film turns airports into caring companions

Categories
Corporate

NBCC sells 609 Greater Noida flats for ₹1,069 crore

NBCC (India) Ltd, the government-owned construction and consultancy company, has sold 609 residential units in Greater Noida for approximately ₹1,069.43 crore through an e-auction. The flats are part of two projects namely, Aspire Leisure Valley (Package-2, Towers 1 & 2) and Aspire Centurian Park (Tower 10 and Iconic floors 36+).

These projects were originally stalled by the Amrapali Group and are now being completed under the Supreme Court-appointed agency ASPIRE, with NBCC taking the lead in reconstruction. Under the current arrangement, NBCC will earn 1% of the transaction value as a marketing fee. The bulk sale is seen as a key step in monetising the inventory while ensuring homebuyers eventually get their flats.

On the same day, NBCC’s stock went ex-dividend, with the record date fixed for November 19, for its second interim dividend of ₹0.21 per share for FY26.

In addition to the Greater Noida sale, NBCC has also won a major order worth ₹2,966.10 crore from the Nagpur Metropolitan Region Development Authority (NMRDA). The contract involves providing project management consultancy (PMC) for the “Naveen Nagpur – Phase 1” development.

The combination of a large inventory sale and a high-value order has drawn investor attention, leading to positive sentiment in the markets. Analysts view these developments as NBCC’s efforts to strengthen its financial position while continuing to deliver stalled housing projects and expand its portfolio of government infrastructure contracts.

Also Read: Fujiyama Power IPO lists 4% below issue price

Categories
Corporate

Fujiyama Power IPO lists 4% below issue price

Fujiyama Power Systems, a rooftop solar solutions company, made its market debut on November 20, 2025, with a subdued listing. Shares opened at ₹218.40 on the BSE and ₹220 on the NSE, approximately 4% below the IPO price of ₹228, signaling muted investor enthusiasm.

The company raised ₹828 crore through the initial public offering. This included ₹600 crore from new shares issued to raise fresh capital and ₹228 crore through an offer-for-sale by existing shareholders. The funds are planned for building a new manufacturing facility in Ratlam, Madhya Pradesh, repaying around ₹275 crore of debt, and supporting general corporate purposes.

The IPO saw strong participation from qualified institutional buyers (QIBs), which were oversubscribed by 5.2 times, reflecting healthy institutional interest. Non-institutional investors and retail participants were moderately active, with retail investors filling their quotas, while non-institutional subscription remained below expectations.

Ahead of the listing, the grey market premium was marginal at ₹0.50, indicating limited pre-listing excitement. Market experts note that while the initial listing was weak, Fujiyama’s robust distribution network, integrated solar product portfolio, including panels, inverters, and batteries, and manufacturing capabilities position it well for long-term growth in the expanding rooftop solar segment.

Also Read: $93 million US arms deal strengthens India’s defence

Categories
Corporate

Adani’s new ad film turns airports into caring companions

The Adani Group has released a heartfelt new film that brings to life the idea that airports are more than terminals, in fact they are companions in every traveler’s journey. Part of the group’s #HumKarkeDikhateHain campaign, the ad tells the story of an elderly couple taking their first international trip.

Excited yet nervous, the couple relies on a handwritten note from their son to navigate the airport. When the note is misplaced, their anxiety grows. That’s when an attentive Adani Airport staff member steps in, offering assistance with mobility, guiding them through shopping and lounges, and personally escorting them to their boarding gate. The story captures small acts of care that make travel smoother and more comforting, emphasizing empathy alongside efficiency.

Gautam Adani shared the campaign’s message on X (formerly Twitter):

“We promise to open new skies, carry your dreams across horizons, and hold your hand while you soar.”

The ad was directed by acclaimed filmmaker Shoojit Sircar and conceptualized by Ogilvy India, reflecting Adani’s vision of human-centric service. It reinforces the idea that Adani Airports are not just about world-class infrastructure, but also about creating experiences where travelers feel supported and valued. The campaign tagline sums up this philosophy perfectly:

“We don’t just run world-class airports… we become companions on your journey. Adani. Hum Karke Dikhate Hain.”

The launch of this film comes ahead of the much-anticipated opening of Navi Mumbai International Airport (NMIA) on December 25. The airport is being developed under a public-private partnership, with Adani Airports holding a 74% stake and CIDCO the remaining 26%.

With this campaign, the Adani Group aims to humanize air travel, showing that even in a busy, bustling airport, travelers can expect empathy, attention, and genuine care. It’s a strategic effort to strengthen the brand’s image while connecting emotionally with passengers, highlighting that every journey, whether first or hundredth, can be supported and memorable.

Also Read: Wedding matchmaker Shaadi.com plans IPO after Lenskart listing

Categories
Corporate

Wedding matchmaker Shaadi.com plans IPO after Lenskart listing

Shaadi.com, one of India’s oldest and most trusted online matrimonial platforms, is exploring a potential IPO. The move highlights the growing trend of established digital brands entering the stock market to fund growth and innovation.

The company, founded by Anupam Mittal, also widely known as a judge on Shark Tank India, has reportedly begun preliminary discussions with investment bankers to evaluate the possibility of going public. While the talks are still at an early stage, they signal Shaadi.com’s ambition to raise capital to expand operations, strengthen its market position, and invest in technology and customer engagement. Key details such as timing, valuation, and share allocation are yet to be finalized.

Shaadi.com has been a pioneer in India’s online matchmaking space, connecting millions of individuals over the past two decades. The platform competes with other established players like Matrimony.com, which is already listed, and Jeevansathi.com, part of Info Edge. Going public could not only provide the company with fresh funds but also enhance its visibility and credibility in an increasingly competitive industry.

The move follows Lenskart’s successful public debut, founded by fellow Shark Tank India judge Peyush Bansal, underscoring the growing investor interest in India’s tech-driven consumer businesses. Analysts note that such listings reflect robust demand for companies with strong brand recognition and scalable business models.

Shaadi.com’s potential IPO is seen as a strategic step to capitalize on India’s growing online matchmaking market, which continues to evolve with changing social trends and wider adoption of digital platforms. For investors and market watchers, the company’s public listing could offer an insightful glimpse into the future of India’s digital services sector, particularly in niche markets where technology meets social engagement.

Also Read: Adani secures Jaiprakash Associates with ₹13,500 crore offer