ONGC, Kinetic Engineering and HLE Glascoat to see some action today

Oil and Natural Gas Corporation (ONGC), in partnership with BP Exploration (Alpha) and Reliance Industries (RIL), has formally signed a Joint Operating Agreement (JOA) for offshore exploration of Block GS-OSHP-2022/2, awarded under the Open Acreage Licensing Policy (OALP) Bid Round-IX. The agreement was signed on July 28, 2025 at ONGC’s Deendayal Urja Bhavan, Vasant Kunj, New Delhi. The block, located off the western coast in the Saurashtra Basin, spans an area of approximately 5,454 square kilometres and is classified under Category-II basins. The consortium, with ONGC designated as the Operator, is set to undertake exploratory activities aimed at assessing and harnessing the hydrocarbon potential of the region.

Kinetic Engineering has returned to the two-wheeler market with the launch of the all-new Kinetic DX EV. The company has launched Kinetic DX EV, a made-in-India model range, through its dedicated EV manufacturing subsidiary -- Kinetic Watts and Volts. The most important feature of Kinetic DX EV is the LFP battery with 2.6 kWh Maximum capacity, made by Range-X, which has up to 4 times more life (2500 to 3500+ cycles) than other NMC battery powered scooters in India, making it a safer option with better thermal sensitivity. The battery is slated to give an estimated IDC range of 116kms on the DX +, due to its K-Coast regenerative technology and a 60V system for maximum efficiency. It also sports a peppy motor capable of churning up to 90 km/hr with 3 modes (Range, Power, Turbo). 

Thaletec GmbH, a Wholly Owned Subsidiary of HLE Glascoat, has acquired 100% of the equity share capital of HLE Surface Technologies GmbH (formerly known as Blitz F25-14 GmbH) on July 28, 2025. Consequent to this acquisition, it has become a Wholly Owned Step-Down Subsidiary of the Company.  

Aditya Birla Capital has allotted 147 Unsecured Redeemable, Rated, Listed, Non-Convertible Perpetual Debentures having a face value of Rs 1,00,00,000 per Debenture aggregating to Rs 147 crore on private placement basis, to the identified investor, on July 28, 2025.

Cosmo First has entered into Business Transfer agreement for acquisition of a veterinary clinic under the name ‘Dr. Santa Animal Healthcare’, Bangalore as a going concern by way of a slump sale. The said acquisition will accelerate the growth of Veterinary Services of Company’s Petcare division (Zigly). 

The Ministry of Corporate Affairs has approved incorporation of a wholly owned subsidiary of the Aster DM Healthcare in the name of ‘Aster DM Super-Specialty Hospital (Yeswanthpur)’ in Bengaluru, Karnataka, India, on July 28, 2025, to set up and operate a super-specialty hospital. 

Asian Hotels (North) has received approval for the incorporation of a Wholly owned Subsidiary Company as a Private Limited Company for dealing in the real estate activities. The company proposes to incorporate a wholly owned subsidiary company, wherein its entity will hold 100% equity stake, with the primary objective of expanding and diversifying its business operations in the real estate sector. The Board of Directors of the Company, at its meeting held on July 28, 2025, has inter alia, approved the same.