1 / 10Mazagon Dock Shipbuilders | The Ministry of Defence (MoD) said it has signed a contract valued at ₹1,990 crore with the company for the construction of an air independent propulsion (AIP) plug based on technology developed by the Defence Research and Development Organisation (DRDO). The AIP plug will be integrated into Indian submarines to significantly increase their underwater endurance.
2 / 10ITC | Kolkata-based diversified conglomerate announced that ITC Hotels will be listed on stock exchanges within 60 days of receiving the National Company Law Tribunal (NCLT) order dated December 16, 2024. The demerger of ITC’s hotel business into ITC Hotels, sanctioned by the NCLT, is set to take effect on January 1, 2025. January 6, 2025, has been fixed as the record date to identify ITC shareholders eligible for allotment of ITC Hotels equity shares.
3 / 10EaseMyTrip | Co-founder Nishant Pitti is set to sell his remaining 14.21% stake in the company for ₹780 crore via a block deal on December 31, according to CNBC-TV18 sources. Pitti will reportedly offload 50 crore shares at a floor price of ₹15.6 per unit. Institutional investors such as CRAFT Emerging Market Fund PCC – Citadel Capital Fund, CRAFT Emerging Market Fund PCC – Elite Capital Fund, Multitude Growth Funds Ltd, Nexpact Ltd and Eminence Global Fund are expected to participate in the transaction.
4 / 10Hindalco Industries | Aditya Birla Group’s metal flagship said it has been allocated the Meenakshi coal mine in Odisha. The allocation was formalised through a vesting order issued by the Ministry of Coal. This development follows the successful signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024, marking a pivotal step in the company’s journey towards resource securitisation, energy efficiency and sustainable growth.
5 / 10Shriram Properties | Realty firm announced the strategic sale of a 3.9-acre land parcel in Chennai to a prominent healthcare and educational group based in South India. The company, through its wholly-owned subsidiary — SPL Shelters Private Ltd — owned a 3.9-acre land, currently approved for the development of a retail space.
6 / 10RVNL | State-owned company said it has been declared the lowest bidder (L1) by Central Railway for a project involving the design, supply, erection, testing, and commissioning of a 132/55 KV traction substation, sectioning posts and sub-sectioning posts in the Bhusaval-Khandwa section. The contract is aimed at upgrading the 2×25 KV traction system, employing Scott-connected transformers to support a loading target of 3,000 MT.
7 / 10Jubilant Ingrevia | The company said its wholly-owned subsidiary Jubilant Infrastructure Ltd has announced the acquisition of an additional 6.67% equity stake in Forum I Aviation Private Ltd (FAPL) from Hero Fincorp Ltd and Sunil Kant Munjal. This purchase increases JIL’s total holding in FAPL to 15.79%. Forum I Aviation, incorporated on December 28, 2004, operates aircraft on a charter basis under a Non-Scheduled Airlines Permit issued by India’s Ministry of Civil Aviation. The company reported revenue of ₹27.32 crore in FY 2023-24.
8 / 10Prataap Snacks | Snacks maker reported a fire at its manufacturing unit in Kartholi, Jammu, on December 30, 2024. The incident occurred in the company’s Jammu unit located in the Samba district of Jammu and Kashmir. There were no casualties reported as a result of the fire, which damaged inventories, plant and machinery, buildings and furniture.
9 / 10Adani Green Energy | In a move aligned with the Adani Group’s ongoing internal leadership planning, the company announced a leadership transition. Amit Singh, the current CEO of AGEL, will step down from his position on March 31, 2025, to take on the role of CEO for the Adani Group’s international energy business. Ashish Khanna, currently serving as the CEO of Adani’s international energy business, has been appointed as AGEL’s new CEO, effective April 1, 2025.
10 / 10Lupin | Pharma major said it has acquired anti-diabetic medicine ’Huminsulin’ in India from Eli Lilly and company for an undisclosed sum to further enhance its diabetes portfolio. Lupin has been marketing the ‘Huminsulin’ range of products through existing distribution and promotion agreements with Eli Lilly and Company (Lilly), India, Lupin said in a regulatory filing. The Huminsulin range of products is indicated for the treatment of Type 1 and Type 2 diabetes mellitus to improve blood sugar control in both adults and children, the company said.
