Parag Milk Foods’ (PMFL) Board of Directors has approved the expansion of its cheese manufacturing capacity from 60 metric tonnes per day (MT/day) to 120 MT/day. This investment is part of the company's strategy to cater to the growing demand of Cheese & Whey protein business and spotting new avenues of growth. This will involve an estimated capital expenditure of Rs 105 crore to be funded from mix of internal accruals and debt. The expansion is likely to complete by FY28.
Bharti Airtel’s subsidiary -- Nxtra Data has entered into agreements for acquisition of upto 85% stake each, in one or more tranches, in Rochak Systems (Rochak) and Rovision Tech Hub (Rovision). Both, Rochak (incorporated on May 19, 2025) and Rovision (incorporated on May 15, 2025) are recently incorporated entities in India, which propose to engage in the business of developing land for construction of data centre. Rochak and Rovision are yet to commence commercial operations.
In line with its commitment to sustainable mobility on a global scale, TVS Motor Company (TVSM), has launched its premium electric scooter, the TVS iQube, in Kenya, its first entry into Africa market. Engineered with TVS Motor’s legacy of innovation and reliability, the TVS iQube has grown into one of the world’s most preferred electric scooter brands. Designed for the modern rider, the TVS iQube sets new benchmarks in performance, comfort, safety, and build quality. The product is backed by the extensive after-sales network of Car & General, leveraging over two decades of trusted presence in Kenya.
Purple Finance, at its Board meeting, has approved the acquisition of Saksham Gram Credit as its wholly owned subsidiary for a deal value of Rs 99 crore. In the same meeting, the Board also approved a preferential allotment of approximately 1.4 crore equity shares at an issue price of Rs 72 per share, aggregating to approximately Rs 101 crore, subject to the completion of necessary regulatory approvals. The proposed acquisition marks a significant step in the company's growth journey and reflects its continued commitment towards expanding financial inclusion by strengthening its presence across rural and semi-urban markets.
GEE has received approval from the Nuclear Power Corporation of India (NPCIL). A landmark approval providing Gee entry into India's highly regulated nuclear power supply chain, expanding its addressable market, unlocking new growth opportunities, and strengthening its long-term growth outlook. As India accelerates investments in clean energy and strategic infrastructure, the approval strengthens GEE's position in the country's specialised nuclear power value chain and aligns with its long-term strategy of expanding its presence across high-value industrial sectors.
Waaree Energies’ wholly-owned subsidiary -- Waaree Clean Energy Solutions has incorporated a wholly-owned subsidiary viz; WH Clean Mobility Systems on August 04, 2026. It has been incorporated for the purpose of providing Mobility Solutions using clean fuels/batteries.
Refex Renewables & Infrastructure’s wholly-owned subsidiary -- Refex Green Power (RGPL) has won a tender and received a letter of award dated August 05, 2026, for setting-up of an 80-MW Wind Power Project through bids invited by Solar Energy Corporation of India (A Government of India Enterprise).
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