Most Recent Business News of New Orders & Contracts | Technological Advancements & Strategic Partnerships | Leadership Changes & Appointments | Incidents & Clarifications

 New Orders & Contracts


WAAREE Renewable: Secured a ₹270 crore order for a 105 MWp solar power project under an EPC agreement.

Advait Energy: Won an order for 200 MW Alkaline Electrolyser manufacturing under the SIGHT Scheme (Tranche-II) from SECI.

Supreme Power: Bagged a ₹21.3 crore order for manufacturing and supplying oil-cooled distribution transformers to a Chennai-based electric company.

Shirika Enterprises: Secured a ₹5.74 crore order for rooftop solar systems in Ladakh and Rajasthan under PM Surya Ghar-Mufti Bijli Yojna.


Operations & Performance Updates


DIGIKORE Studios: Achieved ₹70,000 daily revenue milestone for its app I Made a Song within one month of launch.

Paytm Q3:

o Net Loss: ₹210 crore (vs ₹220 crore loss YoY).

o Revenue: ₹1,828 crore (vs ₹2,850 crore YoY).

o EBITDA Loss: ₹223 crore (vs ₹161 crore loss YoY).

Vidhi Specialty Q3:

o Net Profit: ₹12.7 crore (vs ₹8.5 crore YoY).

o Revenue: ₹99 crore (vs ₹63 crore YoY).

o EBITDA: ₹19 crore (vs ₹14.5 crore YoY).

Krystal Integrated Q3:

o Net Profit: ₹10.5 crore (vs ₹8.9 crore YoY).

o Revenue: ₹276 crore (vs ₹284 crore YoY).

o EBITDA: ₹17.7 crore (vs ₹19 crore YoY).

o Margins: 6.41% (vs 6.7%).

MRPL Q3:

o Net Profit: ₹304 crore (vs ₹683 crore loss QoQ).

o Revenue: ₹21,871 crore (vs ₹24,967 crore QoQ).

Zomato Q3:

o Net Profit: ₹59 crore (vs ₹138 crore YoY).

o Revenue: ₹5,405 crore (vs ₹3,283 crore YoY).

o EBITDA: ₹162 crore (vs ₹103 crore YoY).


Technological Advancements & Strategic Partnerships




Bharti Airtel & Bajaj Finance: Collaborated to build one of India's largest digital platforms for financial services, offering 27 product lines to 370 million Airtel customers.

EaseMyTrip: Partnered with Penang Convention & Exhibition Bureau to promote tourism between India and Malaysia.

TCS: Opened a new delivery center in Toulouse, France, to drive AI-powered transformation for the aerospace and defense industries.


Leadership Changes & Appointments


LTIMindtree: Sudhir Chaturvedi resigned as President & Director, effective post-January 27, 2025.

CG Power: Appointed Mehernosh N. Mehta as Vice President-HR.

Bharat Forge: Krishnan Iyer resigned as President & COO due to personal reasons.


Incidents & Clarifications


Vodafone Idea: Clarified that no communication has been received from the Government regarding recent news reports.

Spandana Sphoorty: Announced a Board meeting on January 23 to consider fund-raising options and Q3 results.


Expansions & Acquisitions


Styrenix: Completed the acquisition of 100% shareholding in INEOS Thailand, making it a wholly owned subsidiary.

Prakash Industries: Commenced coal mining operations at Bhaskarpara Coal Mine in Chhattisgarh, expected to enhance profitability.

Dalmia Bharat: Acquired a 26% stake in Solis Urja Energy for ₹1.75 crore to secure 7 MWp solar power.



Other Updates


MRPL: Dispatched the first truck parcel of Toluene from its Mangalore Refinery, supporting the Atmanirbhar Bharat initiative.

Venus Remedies: Renewed European GMP certification for its manufacturing facility.


Fundraising


Nazara Technologies: Approved ₹495 crore fundraising via equity at ₹990 per share.

IIFL Finance: Approved the issuance of USD 325 million (₹2,697.5 crore) senior secured notes at an 8.75% coupon rate.


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