TCS, Dixon Technologies and Somany Ceramics to see some action today

16 Jul 2025 Evaluate

Tata Consultancy Services (TCS) has collaborated with MIT Sloan Management Review (MIT SMR) to launch a new research series to explore the next phase of human and AI collaboration in large enterprises. As enterprises the world over are proactively investing in deploying AI-led solutions to transform their business operations, this multi-sectoral study deeply examines the new paradigms that will redefine the use of AI in global enterprise environments.

Dixon Technologies (India) and Chongqing Yuhai Precision Manufacturing (Chongqing) have entered into a binding Term Sheet to form a prospective Joint Venture in India, through an optimum structure, to be mutually agreed between Dixon and Chongqing such that 74% of the total paid up share capital of the joint venture company is held by Dixon and 26% of the total paid up share capital of the joint venture company is held by Chongqing, for carrying on the business of manufacturing and supply of precision components for laptop, mobile phones, IoT, automotive and any other products which both Parties agree in India.

Somany Ceramics has completed the acquisition of 51% equity stake in Dura Build Care (DBCPL) i.e. 11,04,886 equity shares aggregating to Rs 10.30 crore. Accordingly, DBCPL has become the subsidiary of the Company.

CFF Fluid Control (CFF) has signed a MoU with Garden Reach Shipbuilders and Engineers (GRSE), a Government of India undertaking engaged primarily in the business of design, building and repair of warships, support naval vessels, other commercial vessels, and also engaged in engineering business. This MoU marks a strategic step towards enhancing CFF’s portfolio in Naval & Marine Systems. The Parties have agreed to collaborate in the development of the Subsea based sonar and to jointly pursue and execute contracts for the same by collaborating their mutual strengths and expertise.

Lemon Tree Hotels has opened new property -- Lemon Tree Hotel, Erode. This managed hotel is the group's sixth property in Tamil Nadu. The fresh and vibrant hotel features 64 well-appointed rooms, Citrus Cafe – a multi-cuisine restaurant, and a conference facility to meet the requirements of discerning guests. Set along the banks of the River Cauvery, the city strikes a perfect balance between tradition and modernity, making it an appealing destination for travellers, entrepreneurs, and investors alike.

Orbit Exports has entered into Share Subscription Cum Shareholder's Agreement to acquire 26% of share capital of K&H Construction. Cost of acquisition is upto Rs 75 lakh. The said acquisition is expected to be completed by March 2026.

L&T Finance has raised Rs 1000 crore through allotment of 1,00,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each through private placement basis. The maturity of said NCDs will be on July 15, 2027.

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