RPG Life Sciences, Power Grid and Sun Pharma to see some action today

RPG Life Sciences has executed a Business Transfer Agreement for the transfer of the company's Active Pharmaceutical Ingredients (API) business to RPG Active, a wholly owned subsidiary of RPG Life Sciences, as a going concern on a slump sale basis. The proposed transfer is part of RPG Life Sciences' strategy to create a focused API business with dedicated capital, sharper management attention and greater strategic flexibility, while the company also continues to build its formulations business.

Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Bhadla Ramgarh Power Transmission, the Project SPV to establish Inter-State Transmission system for Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG), on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - REC Power Development and Consultancy (RECPDCL). The project comprises augmentation and bay extension works at Bhadla-III S/S (Rajasthan), Ramgarh S/S (Rajasthan) and Kanpur S/S (Uttar Pradesh).

Sun Pharmaceutical Industries has received approval from the Brazilian Health Regulatory Agency, ANVISA to manufacture and market semaglutide injection in Brazil for the treatment of adults with inadequately controlled type 2 diabetes mellitus as an adjunct to diet and exercise. Sun Pharma plans to launch the product in the next few days in partnership with Hypera Pharma, a leading pharmaceutical company in Brazil. It will be available as a pre-filled, multi-dose injectable pen in two strengths (2 mg/1.5 mL and 4 mg/3 mL) allowing flexible, once-weekly dosing.

Lemon Tree Hotels has signed two new properties--Lemon Tree Hotel, Siddharthanagar in Nepal and Keys Select by Lemon Tree Hotels, Vijayawada in Andhra Pradesh. The signings further strengthen the group's presence across India and Nepal, adding scale to its established operations in both markets. Both properties will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels.

ADF Foods has received approval for incorporation of a wholly owned step-down subsidiary in Ireland to support the Company’s growth plans in Europe. The Board of Directors of the Company at its meeting held on July 29, 2026, inter alia considered and approved the same. 

SPEL Semiconductor has received approval for entering into a Strategic Tripartite Memorandum of Understanding with California Software Company Limited (Calsoft) and Natronix-India, for collaboration in research, development, design and intellectual property creation of semiconductor chips, artificial intelligence and related advanced technology solutions, and authorized the Head Operations & Whole-Time Director to negotiate, finalize and execute the said MoU on behalf of the Company. SPEL shall be responsible for Assembly, Test, Mark and Package operations while Natronix-India will be responsible for Semiconductor IC design and Design IP. The Board of Directors of the Company at its meeting held on July 29, 2026, inter alia considered and approved the same.

Ethos has inaugurated a new Ethos Watch Boutique located at Nexus Amritsar Mall, Maqbool Pura, Amritsar, Punjab. This boutique marks a significant step in strengthening its luxury brand portfolio and further consolidates its presence in one of India’s most prominent luxury retail markets. With this launch, the company continues to make the world’s most exclusive brands more accessible to discerning customers in India, in line with its strategic vision of delivering unparalleled luxury experiences. With the opening of this new boutique at Amritsar, it now has 103 boutiques across India.