Larsen & Toubro (L&T) has entered into an agreement to transfer its data centre and cloud services business to wholly owned subsidiary - Vyoma.AI for Rs 1,400 crore. The transfer will be carried out on a going-concern basis through a slump sale. The consideration, subject to closing adjustments, will be discharged through the issue of fully paid-up equity shares of Vyoma.AI.
BEML has secured a significant order worth Rs 184.25 crore from Hindustan Aeronautics (HAL) for the manufacture and supply of Light Combat Helicopter (LCH) Fuselage Aerostructures.
KFin Technologies has launched Klarity, an Agentic AI solution built to resolve two operational vulnerabilities in financial operations: skilled forgeries slipping through as valid matches, and legitimate behavioural signature variations causing wrongful rejections. Unlike basic image-comparison tools that evaluate only two-dimensional visual shapes, Klarity's algorithms assess micro-stroke dynamics, including stroke stress, pen pressure variation, curvature velocity, entry-exit stroke angles, and baseline tremors.
Saatvik Green Energy's material subsidiary -- Saatvik Solar Industries has received and accepted an order aggregating to Rs 400.16 crore from one renowned Independent Power producer/EPC Player for the supply of Solar PV Modules. The order will be executed by March 2027.
Vaxfab Enterprises has incorporated Wholly Owned Subsidiary by name ‘Al Rafa Enterprise FZ-LLC’ in United Arab Emirates (UAE). The objects for which the company has been established are to carry out any lawful business activity within the area of the Free Zone as specified in the license issued by Ras Al Khaimah Economic Zone Authority; and to exercise all acts and conclude all legal actions necessary for the practices of its activities and realization of its objects.
Expo Engineering and Projects has received a work order from Larsen & Toubro, Chennai amounting to Rs 4.22 crore (inclusive of taxes). The project involves supplying cleanout doors and manholes in the normal course of business.
Foods & Inns has received approval for incorporation of a Subsidiary with the name & style of M/s F-HAD of the Company. The proposed Subsidiary will carry on the business related to branding and marketing of food products range, in particular fruits and vegetable. The business of the proposed Subsidiary is not outside the main line of business of the Company. The Board of Directors of the Company at its meeting held on August 11, 2026, has approved the same.
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