Business

Mumbai (Maharashtra) [India], February 26: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730), is one of the Leading Pharmaceuticals Formulation manufacturing companies in India. Diversified into Generics, Cosmeceuticals, Nutraceuticals, Mobility, and animal healthcare products, has secured a credit rating upgrade from Infomerics Valuation and Rating Limited for its bank facilities aggregating to ₹156.17 crore. Infomerics has upgraded the Company’s long-term bank facilities to IVR BBB+ with Stable Outlook from IVR BBB with Stable Outlook, while reaffirming the short-term rating at IVR A2. Earlier, the company received a similar upgrade from Brickwork, raising its bank facility credit rating from A3+ to A2. A Clear Validation of…

Bhubaneswar (Odisha) [India], February 26: Annapurna Finance Private Limited has secured a USD 100 million through syndicated multi-currency term loan facility, along with a USD 50 million greenshoe option. The facility, denominated in USD and JPY, marks a significant step in enhancing Annapurna Finance’s access to new currencies and international lenders, the facility structured as a social loan underscores the organisation’s continued commitment to inclusive and responsible finance. Standard Chartered Bank acted as the Sole Mandated Lead Arranger, Underwriter, and Bookrunner, successfully leading the transaction with deep expertise and execution capability. Commenting on the transaction, Mr Dibyajyoti Pattanaik, Director Annapurna…

Mumbai (Maharashtra) [India], February 26: Cupid Limited (Cupid, The Company),has appointed Mr. Bontha Prasada Rao (DIN: 01705080) as an Additional Non-Executive Independent Director of the Company for a first term of five consecutive years commencing February 25, 2026 up to February 24, 2031, subject to the approval of shareholders. The appointment has been approved by the Board of Directors by way of Circular Resolution, based on the recommendation of the Nomination and Remuneration Committee. Mr. Rao brings over four decades of distinguished leadership experience across the power, engineering and infrastructure sectors, having led large-scale public sector and multinational organizations. Currently…

Mumbai (Maharashtra) [India], February 25: Utssav CZ Gold Jewels Limited (Utssav, The Company), (NSE Code: UTSSAV) one of the leading manufacturers of 18K, 20K, and 22K CZ gold, plain gold, gold & diamond jewellery has received approval from its Board of Directors for incorporation of a wholly-owned subsidiary in the United Arab Emirates, with full ownership and control. The initial capital will be infused through cash consideration to expand its core jewellery business internationally. The proposed incorporation of the subsidiary in Dubai will providethe Company with a strategic presence in a globally recognized gold and diamond trading hub. This move will enable the Company to directly showcase its jewellery collections to…

New Delhi [India], February 25: Victory Electric Vehicles International Limited (NSE: VICTORYEV | INE0F8901022), along with AITMC Ventures Limited (AVPL) and Startup Stairs Private Limited, has entered into a Memorandum of Understanding (MoU) to evaluate potential opportunities within India’s electric vehicle (EV) ecosystem. Key Highlights of the MoU Establishes a Framework to evaluate EV-related Opportunities in India Exploratory & Non-binding in Nature No Commitment towards Capital Investment, Joint Venture Formation, or Commercial Execution Areas Under Evaluation (Scope of MoU) EV Manufacturing & Assembly Charging Infrastructure Skilling & Training Initiatives Centres of Excellence Pilot & Proof- of-concept Projects Ecosystem & Franchise-led…

New Delhi [India], February 25: Laxmi Organic Industries Limited’s chemical facility in Ratnagiri district has all required environmental clearances and pollution-control consents to operate, Maharashtra’s Environment Minister said on Tuesday, in response to a question raised in the state legislature. In a written response to question in the state assembly, Pankaja Munde, Minister of Environment & Climate Change and Animal Husbandry, said the Ratnagiri plant at MIDC Lote Parshuram was granted environmental clearance in March 2020 for the production of specialty intermediates and received Consent to Establish from the Maharashtra Pollution Control Board (MPCB) in February 2021. Subsequent consents, including…

New Delhi [India], February 24: In the competitive world of Indian digital services, one name has become synonymous with small business growth: MBG CARD. Recent industry reports and a massive wave of positive MBG Card reviews confirm that the company has officially become India’s most loved provider for WhatsApp Marketing and Google My Business (GMB) Management. With a client base that has recently surged past 20,000+ happy customers, MBG CARD’s rapid expansion is a direct result of its ability to deliver high-end automation that even a non-technical shop owner can use effectively. By bridging the gap between complex tech and the local entrepreneur, MBG CARD is…

Mumbai (Maharashtra) [India], February 24: India’s automotive sector is set to witness the launch of IIMS, a new large scale industry platform with the announcement of the India International Motor Show 2026. The first edition of the show will be held from 24th to 26th April 2026 at the CIDCO Exhibition & Convention Centre. IIMS is being organised by the Percept Group in alignment with leading Automotive industry Associations. Positioned as a comprehensive B2B and B2C platform, the India International Motor Show is designed to bring the entire motor vehicle ecosystem under one roof. The show will span passenger vehicles, commercial…

Mumbai (Maharashtra) [India], February 24: Impex Limited an emerging force in the toys and kids’ consumer merchandise segment, proposes to open its Initial Public Offering on Feb 26, 2026, aiming to raise ₹ 36.28 Crores with shares to be listed on the NSE Emerge platform. The issue size is 50,40,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 71 – ₹ 72 Per Share. Equity Share Allocation • Qualified Institutional Buyer – Not more than 23,90,400Equity Shares • Non-Institutional Investors – Not less than 7,20,000Equity Shares • Individual Investors – Not less than 16,76,800 Equity Shares • Market Maker – Up to 2,52,800 Equity Shares The net proceeds from the IPO will be utilized for Incorporation and Investment in a newly proposed wholly owned subsidiary in mainland UAE, Repayment of Loans, working capital requirements and the general corporate purposes. The anchor…

A summit of pledges, and a missing piece New Delhi [India], February 23: When India opened Bharat Mandapam for the India AI Impact Summit 2026, the message was scale: more than 3,250 speakers across hundreds of sessions from February 16 to 20, delegations from 100+ countries, and twenty world leaders in attendance. Union IT Minister Ashwini Vaishnaw said AI infrastructure commitments tied to the summit crossed $250 billion in aggregate, driven by announcements across data centres, cloud, and compute. Among them: Reliance and Jio’s plan to invest Rs 10 lakh crore over seven years, Adani’s $100 billion commitment for AI-ready…