A consolidated view of market events, assembled from diverse sources.
Sudarshan Pharma Industries announced that its proposal to acquire a 9.50% equity stake in US-based MedTherapy Biotechnology Inc. remains under due diligence, with confirmation and board resolution pending. The acquisition is part of the company's strategy to enter the US market and access MedTherapy's existing customer base and distribution network.
Mumbai-based Blue Star Ltd announced that W.J. Towell & Co LLC has filed an appeal with the Dubai Court of Appeal seeking to annul an arbitration award that dismissed all claims against the company. The appeal relates to a 2015 shareholders' agreement dispute, while Blue Star continues to face margin pressure from rising raw material costs despite price increases.
The Delhi High Court's Intellectual Property Division is examining whether a dispute between Gillette India and Bombay Shaving Company (BSC) over BSC's Switch4 advertising campaign falls within its jurisdiction. Justice Jyoti Singh questioned whether mere disparagement of a brand without direct intellectual property infringement should be heard by the IPD, while expressing concerns about repeated advertising disputes between the companies.
Bharat Heavy Electricals Ltd (BHEL) has approved a ₹65 crore equity investment in its joint venture NTPC BHEL Power Projects Private Limited (NBPPL) to support operations and settle urgent liabilities. The 50:50 joint venture, incorporated in April 2008, focuses on EPC contracts for power plants and equipment manufacturing, with turnover growing from ₹18.19 crore in 2023-24 to ₹3.48 crore in 2024-25.
Maruti Suzuki India has received an ESG score upgrade to 68 (Strong rating category) for FY 2025-26, improving from 63 in the previous year. The upgrade was provided by SEBI-registered Crisil ESG Ratings & Analytics, with the company's core ESG score also improving to 64 from 57, demonstrating enhanced sustainability and governance practices.
Orkla India, maker of MTR Foods, is positioning itself to become one of India's fastest-growing multi-category food companies over the next five years through premiumisation, health and wellness offerings, and rapid expansion of quick commerce. The company is actively looking to consolidate the fragmented Indian spices industry through acquisitions while capitalising on evolving consumer preferences towards healthier food options and premium products.
Brickwork Ratings has assigned a 'BBB/Stable' rating to Anlon Healthcare Limited's bank loan facilities worth ₹23.60 crore, reflecting the company's strong pharmaceutical sector fundamentals and improved financial performance. The rating is supported by the company's 87.61% profit growth in Q1 FY27, projected ₹270 crore revenue for FY2027, and robust liquidity position, though it faces constraints from intense competition and regulatory compliance risks.
Tata Consultancy Services (TCS) has announced a long-term strategic partnership with Aareal Bank, a leading German property specialist, to transform the bank's technology landscape through AI-powered, cloud-first solutions. The collaboration will see TCS host and operate Aareal Bank's data centre environment while providing comprehensive IT support including infrastructure management, cybersecurity, and cloud platforms to modernize the bank's technology estate.
Vardhman Polytex approved the allotment of 55 lakh equity shares through warrant conversion during its September 15, 2026 board meeting, raising ₹5.17 crore from shareholders who paid 75% of the issue price. The conversion increased the company's paid-up equity share capital to ₹49,91,44,004 shares of ₹1 each each.
Maharashtra Scooters Limited's board approved a ₹160 per share interim dividend for FY27, representing a 1600% payout on face value, with record date set for September 21, 2026. The company also announced plans to rename itself as Bajaj Nivesh Ltd and approved new renewable energy production objectives, despite challenging Q1 FY27 financial performance that saw net profit plunge 99.91% year-on-year to ₹0.03 crore.