InterGlobe Aviation (IndiGo,) shares are set to be listed as a constituent of the benchmark BSE Sensex index, effective from December 22, according to an official announcement on Friday. Tata Motors Passenger Vehicles Ltd will be dropped from the index, it added. Tata Motors demerged into two separate entities earlier this month — Tata Motors Passenger Vehicles (TMPV) and Tata Motors Commercial Vehicles (TMCV). This move increased the count of the index constituents on the Nifty 50. However, this had no effect on the BSE Sensex constituents.
Cognizant Technology Solutions has urged a US court to dismiss Infosys’ antitrust counterclaims and pause all related discovery until the court rules on the sufficiency of the amended counterclaims in a filing. This is the latest escalation in the legal battle between the two IT services companies, which began in August 2024 when Cognizant’s subsidiary, TriZetto, sued Infosys for allegedly misusing trade secrets to build a competing healthcare platform (Helix). Infosys then responded with counterclaims, accusing Cognizant of anticompetitive practices like poaching staff.
Apollo Micro Systems Ltd has announced receipt of an export order worth $1,892,500, (₹16.98 crore). The company confirmed that the order has been received in the regular course of its operations, reinforcing its growing presence in international markets.
Ayana Renewable Power, a subsidiary of NTPC Green Energy’s joint venture, won a 140 MW capacity for Round-the-Clock renewable energy projects in an e-reverse auction by REMC Ltd. The company secured the project at a competitive tariff of ₹4.35/kWh. This achievement is part of a larger 1000 MW auction and represents a significant step in India’s renewable energy sector, particularly in developing stable, round-the-clock power supply from renewable sources.
Mobavenue AI Tech Ltd (formerly known as Lucent Industries Ltd), an AI-Powered Tech platform driving digital growth for businesses, announced that its board of directors has approved raising ~ ₹100 crore* through a preferential issue of 9,19,117 equity shares, subject to shareholder and regulatory approvals, in its meeting held on November 21, 2025. The capital infusion marks a pivotal step in Mobavenue’s long-term growth strategy, equipping the company to accelerate innovation and scale with greater agility. The funds will enable Mobavenue to deepen its AI and data intelligence capabilities, enhance its product and platform portfolio, and strengthen operational readiness for expansion across both domestic and international markets.
Lupin said the US Food and Drug Administration (FDA) conducted an inspection at its Goa manufacturing facility from November 10 to November 21. The inspection concluded with a Form-483, citing seven observations. Lupin stated that it will address the observations and respond to the FDA within the stipulated timeframe, and reaffirmed its commitment to comply with CGMP standards across all its facilities.
The US Court of Appeals has upheld an earlier court’s decision to fine Tata Consultancy Services (TCS) $194 million in damages for using DXC Technology Company’s trade secrets. Last year, DXC, then known as Computer Sciences Corporation, had accused TCS of misappropriating its trade secrets. It claimed TCS used the trade secrets to win a $2.6 billion contract with Transamerica and develop its own software platform BaNCS. The district court had ruled in favour of DXC, asking TCS to pay $56,151,583 in compensatory damages, $112,303,166 in exemplary damages and $25,773,576.60 in prejudgment interest. At the time, TCS had claimed “strong arguments against the Judgement” and initiated an appeal in the US court.
Mahindra & Mahindra Ltd (M&M) has finalised the acquisition of the remaining 43 per cent stake in Mahindra – BT Investment Company (Mauritius) Ltd for ₹66.33 crore. Under this agreement, M&M will acquire 51,08,400 equity shares of MBTICM at $1.4626 per share, amounting to $7,471,546. The acquisition reflects the fair value of the available assets of MBTICM.
Caravel Minerals Ltd has announced the signing of a landmark non-binding MoU (Memorandum of Understanding with Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd, paving the way for a strategic collaboration on the flagship Caravel Copper Project in Western Australia’s Murchison region. Under the MoU, the companies will explore investment and offtake opportunities to accelerate development of the project towards a Final Investment Decision (FID) in 2026, combining Caravel’s world-class resource with Adani’s proven smelting, processing and logistics capabilities.
The board of Tata Chemicals Ltd has approved investments to expand its manufacturing capacities at two key plants – ₹135 crore in its Mithapur facility to increase dense soda ash production by 350 kilo tonnes per annum (ktpa) over the next 24 months; and ₹775 crore at Cuddalore plant in Tamil Nadu to expand precipitated silica capacity by 50 ktpa over 27 months.
Rail Vikas Nigam Ltd (RVNL) has emerged as the lowest bidder (L1) for a Northern Railway project involving the design, supply, erection, testing, and commissioning of overhead equipment (OHE) modification and feeder wire work of a 2×25 kV traction system. The work aims at capacity upgradation of the UTR-MWP section, covering 184 RKM/368 TKM in the Lucknow division of NE Railway. The project, to be executed in the normal course of business, will be completed over 24 months.
NBCC (India) Limited has added another notable project to its portfolio with the award of a new contract from Canara Bank. The company has confirmed that it will be handling the construction of the bank’s upcoming Regional and Circle Office building at Murma, Nagri Anchal in Ranchi, Jharkhand. The project carries an estimated value of about ₹45.09 crore, excluding GST.
H.G. Infra Engineering along with Kalpataru Projects International has been declared as L-1 bidder by the Maharashtra Metro Rail Corporation (MMRCL) in a Joint Venture bidding. HGINFRA has 40% share and Kalpataru Projects International has 60% share in the Joint Venture for the below project. The bid project cost is Rs 1,415 crore against MMRCL estimated project cost of Rs 1424 crore
Natco Pharma Ltd has announced conclusion of the US FDA Inspection at its Manali, Chennai, Active Pharmaceutical Ingredients (API) Unit. On conclusion of the inspection, the company received seven observations in the Form-483. The company believes that the observations are procedural in nature. It is confident of addressing these observations comprehensively.
Similarly, Shilpa Medicare informed the exchanges that the US FDA has completed its 10-day inspection at the company’s Unit IV in Jadcherla, Telangana; it has issued a Form 483 with eight inspectional observations. None of them has been categorised as a repeat observation, the company said..
Housing & Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with IDFC Foundation to strengthen technical, financial and leadership capacities across urban institutions, and providing training and technical support for the implementation of national urban programmes/ schemes and HUDCO’s Urban Invest Window (UiWIN).
Published on November 24, 2025
