State-run telecom firm MTNL has defaulted on bank loans worth ₹8,346.24 crore from seven public sector banks, the company said in a regulatory filing. The loss-making public sector telecom firm’s total debt obligations reached Rs 33,568 crore as on March 31, 2025, according to the filing dated April 19. The total loan default includes Rs 3,633.42 crore of debt raised from Union Bank of India, Rs 2,374.49 crore of Indian Overseas Bank, Rs 1,077.34 crore of Bank of India, Rs 464.26 crore Punjab National Bank, Rs 350.05 crore from State Bank of India, Rs 266.30 crore from UCO Bank and Rs 180.3 crore along with principal and interest payment.
Adani Ports and SEZ Ltd has announced a $2.4-billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence in the Asia-Pacific region. The board of APSEZ “approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL)“, the company said in a statement.
BHEL has posted a 19 per cent on-year growth in revenue at Rs 27,350 crore for the fiscal year 2024-25. The company also secured its highest-ever order inflows during the year, amounting to Rs 92,534 crore, a company statement said. With this, BHEL’s total order book at the end of FY 2024–25 stood at Rs 1,95,922 crore, it stated.
ITC will acquire Sresta Natural Bioproducts, which owns the ‘24 Mantra Organic’ brand, in an all-cash deal valued at Rs 472.50 crore, to expand its play in the fast-growing organic food products. ITC has signed a share purchase agreement with Sresta Natural Bioproducts Pvt Ltd (SNBPL) to acquire a 100 per cent stake in the company, ITC informed in a regulatory filing.
NIIT Ltd board has approved the purchase of an additional 19.50 lakh equity shares of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI) to fully acquire the subsidiary, according to an exchange filing. NIIT holds 80.72 per cent stake in IFBI, and post the aforesaid acquisition, IFBI will become its wholly-owned subsidiary, the filing stated. The shares will be acquired from ICICI Bank Limited (1.9 million shares, 18.79 per cent stake) and individual shareholders (50,000 shares, 0.49 per cent stake). The aggregate consideration for the acquisition of shares from ICICI Bank is expected to be between Rs 4.7 crore and Rs 6.5 crore. Earlier, the company said it has acquired 70 per cent stake in deep skilling technology training solutions provider iamneo for around Rs 61.3 crore for a total consideration of up to Rs 61.3 crore, subject to certain closing adjustments.
Voltas Ltd has received a show cause notice (SCN) from the Customs Department alleging that the company has short-paid customs duty amounting to Rs. 24.81 crore on certain imported items. Voltas has stated that it is evaluating the notice carefully and will submit its reply within the legally prescribed time period. The company added that it is handling the matter in accordance with applicable laws and procedures.
ABB has announced plans to spin off its Robotics division. The company will present the proposal to spin off the division at its Annual General Meeting 2026, it said in an exchange filing. The intention is for the business to start trading as a separately listed company during the second quarter of 2026.
Real estate firm Oberoi Realty has posted a 31 per cent annual increase in sales bookings to Rs 5,266 crore during the last financial year on strong housing demand. The Mumbai-based company had sold properties worth Rs 4,007 crore in the preceding year.
Delhivery Ltd and Ecom Express have sought the Competition Commission of India’s approval for their Rs 1,400-crore deal. Under the deal announced on April 5, Delhivery will acquire a controlling stake in Ecom Express for a cash consideration of Rs 1,400 crore. While Delhivery is a listed integrated logistics player, Ecom Express provides logistics solutions to the Indian e-commerce industry.
JB Chemicals and Pharmaceuticals on Friday said it has received approval from the US health regulator to market a generic medication to treat high blood pressure. The company has received approval from the US Food and Drug Administration (USFDA) for Bisoprolol tablets in strengths of 5 mg and 10 mg, the company said in a regulatory filing. The company’s product is the generic version of Teva’s Zebeta tablets, which are indicated for the management of hypertension.
Divi’s Laboratories on Friday said it has inked a supply agreement with a global pharmaceuticals firm. Under the long-term agreement, the company will be manufacturing and supplying advanced intermediates as per the commercial terms agreed between the parties, Divi’s Laboratories said in a regulatory filing The company expects meaningful revenue contribution from this long-term agreement, it added without disclosing the identity of the partner
ICICI Prudential Life Insurance on Friday said it has received an order from GST Commissioner (Appeals) upholding tax demand of about Rs 3.67 crore. On July 2, 2024, Central Goods and Service Tax (CGST) authorities in Mumbai had passed an order in this regard. The order denied part of service tax credit, which the company migrated to the GST regime in the 2017-2018 fiscal year, when GST was launched. Subsequently, the company had filed an appeal before the Commissioner (Appeals).
Coal India arm SECL on Friday said it has entered into a Rs 7,040-crore pact with TMC Mineral Resources for undertaking large-scale coal production using paste filling technology. Paste filling is a modern underground mining method that eliminates the need to acquire surface land. After coal extraction, the mined-out voids are filled with a specially prepared paste made from fly ash, crushed overburden from opencast mines, cement, water, and binding chemicals. This process prevents land subsidence and ensures the structural stability of the mine.
Realty firm Signature Global has acquired 48 acres of land for Rs 1,070 crore in Gurugram during the last fiscal to develop residential projects as part of its strategy to expand business amid strong consumer demand. The company has bought 47.71 acres land in different sectors of Gurugram (Haryana) at a total cost of Rs 1,069.31 crore. It bought 16.16 acres in Sector 71 for Rs 283.09 crore, 25.62 acres in Sector 37D for Rs 670.15 crore and 5.94 acres in Sector 88A for Rs 116.07 crore, Signature Global said.
Wardwizard Innovations & Mobility on Friday said it has slashed prices of its product range up to Rs 13,000. The company, which sells electric two-wheelers under the Joy brand, has taken the step to accelerate EV adoption across the country, it said in a statement.
National Fertilizers Ltd (NFL) will pick up an 18 per cent stake for about Rs 572 crore in a proposed joint venture to establish a urea plant in Assam. In a regulatory filing on Friday, NFL informed that its board has given “consent to enter into Joint Venture Agreement with other nominated companies to form a Joint Venture company for setting up of a new Ammonia-Urea Complex Namrup-IV Fertilizer Plant at Namrup, Assam”.
Published on April 21, 2025
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