Company News

Bharat Rasayan Ltd. has declared a stock split alongside a bonus share issue, aimed at improving liquidity, broadening its shareholder base, and enhancing marketability of its shares. The stock split will increase the number of outstanding shares while reducing the nominal value per share, making them more accessible to retail investors. Concurrently, the bonus issue will reward existing shareholders with additional shares, reflecting the company’s robust financial health and consistent profitability.

Schneider Electric, the global leader in energy management and automation, has announced the appointment of new directors to its board, signaling a strategic move to bolster corporate governance and drive sustainable growth. The appointments bring a mix of industry expertise, technological insight, and international business experience, aligning with the company’s focus on innovation, digital transformation, and decarbonization initiatives.

Culver Max Entertainment, the parent company of Sony Entertainment Television and SonyLIV, reported a sharp 45.3% decline in its consolidated net profit for the financial year ending March 2025. The company’s profit dropped to Rs. 481.2 crore from Rs. 880.2 crore in the previous fiscal year, while revenue from operations fell 4.3% to Rs. 6,261.2 crore. The dip was largely attributed to reduced advertising income and higher promotional expenses.

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has commenced commercial operations for a 12.5 MW solar power capacity at its Bhuj project in Gujarat. This addition brings NGEL's total installed and commercial capacity to 7,419.975 MW, contributing to NTPC Group's overall capacity of 83,906 MW. The Bhuj solar project, part of a 37.5 MW initiative, is developed by Ayana Renewable Power Four Private Limited, a subsidiary of ONGC NTPC Green Private Limited.

Adani Group has reported a return on assets (ROA) of 16.5% for the fiscal year 2024–25, positioning itself among the highest-performing global infrastructure conglomerates. Chairman Gautam Adani attributes this achievement to disciplined capital allocation, operational efficiency, and strategic project selection. The robust financial performance reflects the group’s ability to generate strong returns from its asset base while maintaining prudent leverage.

The long-awaited revival of Hindustan National Glass & Industries Ltd (HNGIL) has begun as Independent Sugar Corporation Ltd (INSCO)—a subsidiary of the Uganda-based Madhvani Group—officially takes charge of the company. Following the National Company Law Tribunal’s (NCLT) approval of a ₹2,250 crore resolution plan, INSCO has assumed operational control, signaling the start of an extensive turnaround initiative.

Tata Consultancy Services (TCS) has announced the acquisition of ListEngage, a leading U.S.-based Salesforce digital marketing services firm, in a deal valued at approximately Rs. 607 crore (USD 72.8 million). The acquisition marks a strategic move by TCS to enhance its Salesforce cloud offerings, expand its presence in North America, and bolster its customer experience solutions portfolio.

Vipul Organics, a prominent player in the chemicals and specialty ingredients sector, has successfully raised Rs 35.24 crore through a share issuance. The capital infusion is intended to support business expansion, debt reduction, and strategic investments in production capabilities and technology. Analysts note that such fundraising demonstrates the company’s proactive approach to strengthening its balance sheet while positioning itself for growth in a competitive market.

Tata Chemicals, a leading player in India’s chemical and allied sectors, has launched Salesforce Customer Relationship Management (CRM) technology across its Indian operations. The move aims to streamline sales, marketing, and customer service processes, improving efficiency and data-driven decision-making. By integrating Salesforce’s cloud-based platform, Tata Chemicals intends to strengthen customer engagement, track leads, and optimize operational workflows.

Infosys has partnered with Telenor to modernize its human resources operations through a comprehensive Oracle Cloud implementation. The initiative aims to streamline HR processes, enhance employee experience, and drive operational efficiency across the telecom company’s workforce. Leveraging Oracle Cloud’s advanced capabilities, Telenor expects improved payroll management, talent acquisition, and performance analytics. This digital transformation reflects the broader trend of enterprise adoption of cloud-based solutions to optimize human capital management.