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Mafatlal Industries, Hero MotoCorp and ICICI Bank to see some action today

19 Oct 2026 Evaluate

Mafatlal Industries has signed a Memorandum of Understanding (MoU) with the Air Force Wives Welfare Association (Local) to supply fabric for combat uniforms. In accordance with the terms of the MoU, Mafatlal Industries shall supply fabric for combat uniforms to the Air Force Wives Welfare Association (Local), Air Force Station New Delhi, in lines with the prescribed requirements relating to size, colour, and manufacturing specifications prescribed by the competent authority of the Indian Air Force.

Hero MotoCorp has launched the all-new Xtreme 160R 4V and refreshed Xtreme 250R. The twin launch marks a significant step in strengthening the company’s premium motorcycle portfolio, bringing together sharper streetfighter styling, exhilarating performance and advanced rider-focused technology across two key segments. While the all-new Xtreme 160R 4V expands the appeal of the Xtreme family with a comprehensive redesign and new technology, the refreshed Xtreme 250R builds on its performance credentials with enhanced equipment, refined detailing and greater riding versatility. Together, the two motorcycles reinforce Hero MotoCorp’s commitment to delivering aspirational, technology-led products and accelerating its premiumisation journey.

ICICI Bank has reported a 22.28% rise in its consolidated net profit at Rs 16,333.18 crore for Q2FY27, as compared to Rs 13,357.06 crore for the same quarter in the previous year. Total income increased by 15.78% to Rs 88,161.18 crore for Q2FY27 as compared to Rs 76,146.59 crore for the corresponding quarter of the previous year.  

LCC Projects has received an Acceptance of Tender (AoT) worth Rs 151.57 crore (excluding GST) from the Office of the Executive Engineer, Sauni Yojana Division, Rajkot, Government of Gujarat. The AoT is for engineering, procurement and construction (EPC) contract for supply water from Machhu-I Dam to Triveni Thanga Reservoir and various villages of Wankaner and Chotila Taluka. The project construction period is 24 months, with operation and maintenance of the commissioned project for 10 years.

Axiscades Technologies has incorporated a wholly-owned subsidiary, namely, Xponential Space in India on October 16, 2026. The objective of incorporation is to undertake the design, development, manufacturing and operation of satellites, payloads and allied space systems, and to provide space technology solutions and services including satellite communication, earth observation, navigation, launch support, mission management and space data analytics. The company will also engage in research and development, and space infrastructure development.

OnMobile Global has entered into partnership with Poorvika, one of India's leading technology retail chains, to bring the ONMO+ Smart Console to Poorvika Appliances & Mobile stores. The partnership extends ONMO+ beyond e-commerce, following its launch on Flipkart. ONMO+ will be available across Poorvika Appliances & Mobile stores in Tamil Nadu, Karnataka, and Puducherry, where consumers can try it first-hand before taking it home. 

Anuh Pharma has signed the Asset Transfer Agreement (ATA) to purchase manufacturing facility of M/s Vanquest Pharma (VPPL) located at Tarapur, Boisar, Palghar, Maharashtra, India. The said purchase of assets is expected to increase production of the company by 525 MTPA. Agreed value of assets purchase is Rs 72.90 crore (excluding applicable taxes, fees, etc.). The ATA is entered into by the company for the purchase of assets (i.e. land, building, plant & machineries, etc.) relating to manufacturing of API’s and Intermediates. The transaction is expected to strengthen the company's market presence in manufacturing quality API’s and Intermediates.