GMR Airports has incorporated GMR Aero Realty (GARL) as its wholly owned subsidiary in India and has accordingly subscribed to the Memorandum of Association of GARL. GARL has been incorporated on October 13, 2026, with an initial subscribed and paid-up share capital of Rs 1 crore, divided into 10,00,000 equity shares of Rs 10 each and shall be engaged in carrying out any Real Estate, Land Development and other related opportunities that may come up from time to time. GARL is yet to commence business operations.
Sigma Advanced Systems has signed an exclusive Memorandum of Understanding (MoU) with Munitions India (MIL) for the integration, indigenous manufacturing and supply of its well-established 155 mm artillery course correction fuzes (CCF), along with associated components, subsystems and technologies. The collaboration marks a significant step in Sigma’s efforts to advance its next-generation indigenous capabilities in precision-guided artillery ammunition, building on its existing defence programmes and engineering capabilities. The consortium also aims to support ongoing critical programmes of the Indian military through the development, integration and localisation of advanced defence technologies.
Swan Corp’s real estate arm -- Swan Realty has launched luxury project ‘Bodhi’ in Jayanagar, Bengaluru, offering a rare combination of privacy, nature, and refined living. The project marks Swan Realty’s second development in the city, following the successful delivery of Cardinal One in Yeshwanthpur. Designed to bring together the experience of an independent home with the convenience of apartment living, Bodhi comprises 24 four-bedroom residences, each spanning over 4,000 sq. ft., with only two apartments per floor. Located in Jayanagar, one of South Bengaluru’s most established neighbourhoods, the low-density development is designed to offer residents greater privacy, space and a close connection with nature.
Aegis Logistics via its step-down 100% subsidiary, Aegis Logistics International (collectively Aegis), has entered into a definitive agreement under which Aegis proposes to acquire c.89.8% of Tristar Holdings (Tristar) from Agility Tristar Holdings, Gulf Investment Corporation and Diamond Holdings for an equity consideration of $809 million (including contingent and interest for deferred consideration).
Welspun Corp’s wholly-owned subsidiary -- Welspun Global Holdings (WGHL), DIFC, UAE, has incorporated a wholly-owned subsidiary in the name of Welspun Global Jordan (WGJ) in Jordan. WGJ will carry on the business of manufacturing, producing, processing and fabricating wires, tubes and pipes of iron and steel, including line pipes and other iron and steel tubular products for use in the transportation of water, gas and oil and any other industrial sector as well as for carrying on the business of casting and processing of iron and steel and the manufacture of products and components resulting from such casting activities.
Lemon Tree Hotels has added Keys Select by Lemon Tree Hotels, Bareilly to its expanding pipeline. The property will be operated under a franchise agreement, further expanding the group's presence across the region. This milestone development marks a deliberate expansion of the Group’s network within Uttar Pradesh, strengthening its presence across high-growth, mid-tier commercial hubs throughout North India. With this signing, the Group will have 8 operational hotels and 18 upcoming properties in Uttar Pradesh.
Gujarat State Fertilizers & Chemicals has received approval for the setting up of the Phosphoric Acid (PA) and Sulphuric Acid (SA) Plant at its Sikka Unit, Jamnagar, Gujarat. The project features a planned capacity of 600 MTPD Phosphoric Acid (PA) and 1,800 MTPD Sulphuric Acid (SA) plant along with associated offsite and utilities at Sikka Unit. The project is part of the company's strategic growth and backward integration roadmap to ensure a reliable internal supply of raw materials. The Board of Directors of the company, at their meeting held on October 13, 2026, approved the same.