Kotak Mahindra Bank announced that Managing Director & CEO Ashok Vaswani will not seek reappointment upon completion of his current term on December 31, 2026. The Board has initiated the process for appointing a new Managing Director & CEO. Meanwhile, Torrent Power has completed the acquisition of 100 percent equity shares and convertible instruments of Nabha Power from L&T Power Development for ₹3,632.35 crore, making Nabha Power a wholly owned subsidiary.
Persistent Systems has entered into a six-and-a-half-year strategic services agreement with a US-based global technology leader, with the total contract value exceeding $650 million. Through Galaxy Germany Holding SE, the company has entered into a Share Purchase Agreement to acquire 21 percent shareholding in Nagarro SE at EUR 81 per share, with settlement expected in Q4 CY2026 or Q1 CY2027. The Board has also approved the proposed acquisition of 100 percent stake in global digital engineering and IT consulting company Nagarro SE through BidCo, with BidCo, the company, and Nagarro SE signing a Business Combination Agreement outlining the transaction terms.
Tata Communications announced that most customer data affected by the recent fire in Delhi has been successfully recovered. Management noted that only limited cases require validation and rebuilding, and while some customers may face temporary disruption, the overall business impact has not been material. This development comes as the company continues to focus on network reliability and customer service recovery.
NTPC announced that its Ramagundam solar project has become operational, marking a significant milestone in the company's renewable energy expansion. Coal India has unveiled a ₹1,900 crore R&D investment plan to strengthen its technological capabilities and operational efficiency. Bank of Baroda has entered into a strategic partnership with Mizuho to enhance its international banking operations and market presence.
KPIT Technologies faces challenges with its Q1 FY27 outlook weakening, indicating potential headwinds in the technology sector. Voltas has seen Noel Tata step down as Chairman, marking a significant leadership transition in the company. Suzlon has secured a 105 MW wind order, demonstrating continued growth in the renewable energy sector. Kalpataru Projects International has won new orders worth ₹2,957 crore, while Transformers and Rectifiers (India) has secured orders worth over ₹1,000 crore. UTI Asset Management Company has acquired MCX shares as part of its strategic expansion.
