Realty firm Trinity has awarded a contract worth ₹510 crore to BL Kashyap and Sons Ltd for the construction of its luxury residential project in Gurugram. In a statement on Sunday, Trinity said BL Kashyap will construct its housing project ‘Sky Palazzo Residences’ in Sector 88B, Gurugram. Last month, the company said it would develop this project “with an investment of ₹1,200 crore”.
Bengaluru-based real estate major Puravankara Group on Friday announced the resignation of Abhishek Kapoor from the position of chief executive officer and executive director of the group. It has appointed Mallanna Sasalu as CEO – South, subject to the approval of the Nomination & Remuneration Committee and the Board of Directors. In parallel, the company unveiled a joint venture to develop a 24.59-acre land parcel in North Bengaluru, with a gross development value (GDV) of ₹3,000 crore.
The project has a projected Gross Development Value (GDV) of over ₹3,300 crore. The project has a potential saleable area of about 3.48 million (34.8 lakh) sq ft. The project is slated for launch within the next six months. As per a BSE filing by the company, Kapoor cited “personal reasons” in his resignation letter.
Kaynes Technology India has signed Share Purchase agreements to acquire 100 per cent of August Electronics Inc., a Canadian EMS provider based in Calgary, Alberta.This strategic acquisition strengthens Kaynes’ North American footprint and supports its global expansion strategy by enhancing localized manufacturing, supply chain agility, and engineering capabilities.
DCM Shriram Group firm Fenesta, which is into uPVC and aluminium windows and doors, has acquired 53 per cent equity stake in DNV Global for Rs 44 crore to expand its business. The deal is expected to be completed in next two months. The acquisition of DNV Global will help Fenesta in backward integration and opportunity to create new line of business (hardware).
Adani Power has won a bid to supply 1,500 MW of electricity to Uttar Pradesh from a greenfield ultra-supercritical power plant in the state entailing an investment of $2 billion. This is further to the Uttar Pradesh cabinet approving the project earlier this month, a company statement said. The company will now sign a long-term power supply agreement with Uttar Pradesh Power Corporation Ltd (UPPCL) under the Letter of Award (LoA) received today, it stated.
NTPC Green Energy has appointed Sarit Maheshwari as the Chief Executive Officer with immediate effect. The board of directors of the company in its meeting on Saturday approved cessation of Rajiv Gupta as Chief Executive Officer (Key Managerial Personnel), with effect from May 10, 2025, a regulatory filing said. According to the filing, the board of directors has approved the appointment of Sarit Mahes
US Food and Drug Administration (USFDA) has completed the inspection at Solara Active Pharma Science’s multi-product manufacturing facility at Ambernath, Maharashtra, the pharma major said a disclosure to the exchanges. The inspection established that the site is in an ‘Acceptable State of Compliance’ with Zero Form 483 inspectional observations from USFDA. The Agency with their designated investigator inspected the facility from May 5 to 9, 2025. Solara continues to stay focused on maintaining the highest level of compliance across its manufacturing facilities.
GAIL (India) Ltd has signed a memorandum of understanding (MoU) with the Karnataka government to explore the setting up of renewable energy projects of up to 1 gigawatt (GW) in the state. “Under the MoU, the Government of Karnataka would facilitate GAIL to obtain necessary permissions/registrations/approvals/clearance/ incentives, etc., from the concerned departments of the state, as per the prevailing policies/rules and regulations of the state government. GAIL intends to set up renewable energy projects of up to 1 GW within a period of five years,” the company said in a statement. GAIL, however, did not disclose financial details of the project.
Wipro has announced the appointment of Sandeep Dhar as the global head of its Global Capability Centre (GCC) practice. In his new position, Dhar — who brings in three decades of experience — will drive Wipro’s consulting-led and AI-powered GCC strategy, aiming to help global enterprises build and scale future-ready transformation and innovation hubs, a company statement said. Dhar will report directly to Wipro Chief Operating Officer Sanjeev Jain.
Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58.96 per cent stake in SML Isuzu for ₹555 crore. “The proposed combination relates to acquisition of shareholding by the acquirer (M&M) in the target (SML Isuzu Ltd),” a notice filed with the Competition Commission of India (CCI) said on May 5. The proposed combination is notified under section 5(a)(i)(A) of the Competition Act, 2002, it added.
ACME Solar Holdings has commissioned the first phase of the 300-MW of Acme Sikar Solar power project in Rajasthan, envisaging generation of 52.5 MW. With the commissioning of the first phase, the operational capacity of the company will increase to 2,592.5 MW. Strategically located in one of India’s highest solar irradiation zones, it is poised to be an important contribution to India’s renewable energy goals, the company said in a statement.
Results Calendar: Tata Steel, SRF, UPL, Authum Investment, Krishna Institute of Medical Science, PG Electroplast, Garden Reach Shipbuilders, Carborundum Universal, Jyothy Labs, Ather Energy, Jai BalajiInds, VijayaDisgnostic, Raymond, JM Financial, Prudent Corporate Advisory Services, PVR Inox, Usha Martin, Happiest Mind Technologies, TP Power Systems, Bajaj Electricals, Thomas Cook, Raymond Lifestyle, KRN Heat Exchanger, CARE Ratings, Morepen Lab, Sagar Cements, Venkys, Krsnaa Diagnostics, VidhiSpeciality, Man Industries, Advait Energy, Avadh Sugar, Speciality Restaurants, Andhra Cement, Aarti Surfactants.
Published on May 12, 2025
