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Arvind SmartSpaces, Bharti Airtel and Oil India to see some action today

16 Jun 2026 Evaluate

Arvind SmartSpaces (ASL) has signed a new residential horizontal development project located on Kerala-Nalsarovar Road in South Ahmedabad. This is a Joint Development project with an estimated top-line of around Rs 180 crore. South Ahmedabad has emerged as one of the most promising micro-markets for plotted developments and weekend homes in the Ahmedabad region, driven by increasing demand and improving infrastructure connectivity. 

Bharti Airtel has incorporated a wholly-owned subsidiary in the name and style of ‘Airtel Global IFSC’ in Gujarat International Finance Tec-City (GIFT City), Gujarat, India, on June 15, 2026. The said wholly-owned subsidiary has been incorporated as a Finance Company to undertake the activity of Global Corporate Treasury Centre and other permissible activities in accordance with the framework/ regulations issued by International Financial Services Centres Authority.

Oil India (OIL) has entered into a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research (CSIR) to foster collaborative research, innovation, and technology development in the energy sector at OIL House, Noida. The MoU aims to leverage the strengths of both the organizations in advancing cutting-edge technologies and providing innovative solutions in the areas of upstream and downstream oil and gas operations, hydrocarbon reservoir optimisation, enhanced oil recovery (EOR), renewable energy, sustainable energy practices and critical minerals. The collaboration will facilitate the development of efficient and cost-effective solutions, focussing on operational efficiency.

Yes Bank & Northern Arc Capital have entered a partnership to expand access to credit, scale digital lending and provide debt investment opportunities for its customers. This brings together balance-sheet strength, digital infrastructure, distribution capabilities, underwriting expertise, and technology platforms to expand formal credit access across underserved segments in India, in line with the Government of India’s Financial Inclusion agenda towards fulfilling the Viksit Bharat vision of 2047. This strategic partnership is an outcome of Yes Bank’s collaboration with Sumitomo Mitsui Banking Corporation (SMBC), the largest strategic shareholder in Yes Bank and a key shareholder in Northern Arc Capital. 

Jeena Sikho Lifecare has executed a Memorandum of Understanding cum Research Facility Usage Agreement for establishment of a dedicated Research Institute and Research Facility at Chandigarh. The proposed centre will focus on research, innovation, education, evidence generation and knowledge development in the fields of Ayurveda, Integrative Healthcare, Preventive Wellness and allied disciplines. The initiative is expected to strengthen the Company's research and development ecosystem and provide a platform for academic collaborations, scientific studies, publications, training programmes and innovation-driven projects.

RailTel Corporation of India has received the Work Order from Munitions India for Upgradation of MPLS Bandwidth of existing COMNET 2.0 in all 45 units of 7 DPSUs and DoO, New Delhi. Contract value is Rs 15.78 crore (inclusive of taxes). The said order is expected to be completed by June 14, 2027. 

Fabtech Technologies (FTL) has secured a Rs 31.23 crore contract for the critical internal infrastructure scope of a new Veterinary Vaccine Manufacturing Facility in Botswana. The project further strengthens Fabtech’s growing presence across Africa’s healthcare, biotechnology, and vaccine manufacturing sectors. The facility will play a key role in enhancing Southern Africa’s veterinary vaccine manufacturing capacity, supporting regional efforts in animal health, food security, and disease prevention.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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