1 / 8Tata Steel | Steel giant reported a 6.17% year-on-year (YoY) increase in India’s crude steel production for Q3FY25 at 5.68 million tonnes (MT), supported by the ramp-up of its newly-commissioned 5 MTPA blast furnace at Kalinganagar. Deliveries in India reached a record 5.29 MT for the quarter, up 8.4% YoY, driven by robust domestic sales and strategic export initiatives. Automotive and special products deliveries grew 3% YoY, while branded products and retail deliveries rose 6%, aided by a 20% YoY growth in Tata Tiscon and 7% in Tata Steelium.
2 / 8RVNL | State-owned company said it has signed a memorandum of understanding (MoU) with GBH International Contracting LLC (GBHIC), a Dubai-based company, to collaborate on civil infrastructure projects in the Gulf Cooperation Council (GCC) region. This partnership aims to leverage the strengths of both entities to identify and pursue business opportunities in the growing infrastructure sector across GCC countries.
3 / 8NTPC | State-run power giant announced the incorporation of its wholly-owned subsidiary, NTPC Parmanu Urja Nigam Ltd, (NPUNL) to spearhead its nuclear energy initiatives. NPUNL has been established to undertake the planning, development, and operation of nuclear energy projects for electricity generation and related purposes. The subsidiary will focus on building, owning, and managing nuclear power stations, promoting research and development, and identifying suitable sites for nuclear facilities.
4 / 8Jindal Worldwide | The company announced the issuance of bonus equity shares in a 4:1 ratio, meaning four new fully paid-up equity shares of ₹1 each for every one existing fully paid-up equity share of ₹1 each held by eligible shareholders. The bonus shares will be issued from the company’s free reserves and/or securities premium account as of March 31, 2024. The decision, approved by the board of directors on January 7, 2025, is subject to shareholder approval via a postal ballot.
5 / 8Tata Technologies | Global engineering and product development digital services firm announced a strategic partnership with Telechips, a provider of comprehensive automotive semiconductor solutions, at CES 2025. The collaboration aims to advance software solutions for next-generation software-defined vehicles (SDVs), a pivotal element in the evolution of connected, autonomous, and electric mobility. The partnership will focus on developing innovative platforms for advanced driver assistance systems (ADAS), automotive cockpit domain controllers, and central and zonal gateway controllers.
6 / 8Birlasoft | IT services and solutions provider announced the resignation of Roopinder Singh, Chief Executive Officer for the Americas, citing personal reasons. The company stated that Singh, a key member of its senior management team, will step down from his role effective close of business hours on February 7, 2025. He has been instrumental in overseeing operations and driving business growth in the Americas region.
7 / 8WPIL | Industrial products firm announced that its European subsidiary, Gruppo Aturia, has acquired 100% shareholding of MISA S.R.L, an Italian company based in Arzignano. MISA is a leading Italian company in the business of large pumping station projects and supply of pumps and hydro turbines with a rich heritage dating back to 1901 and a large reference list across Europe and North Africa.
8 / 8SOBHA | Realty firm reported a total sales value of ₹1,388.6 crore in Q3 FY25, reflecting a 28.9% decline year-on-year but a 17.8% increase sequentially, supported by a new sales area of 1.01 million square feet. The average price realisation improved by 16.5% year-on-year and 7.8% quarter-on-quarter to ₹13,663 per square foot. Sobha’s share in the sales value stood at ₹1,250 crore, a 27.2% increase over Q2 FY25.
