UltraTech Cement: The cement major has entered into an Energy Supply Agreement and a share subscription and shareholders agreement to acquire a 13.99 per cent equity stake in FPEL Services.
Eternal: The parent company of food delivery aggregator Zomato and quick commerce operator Blinkit, has received a GST demand order from the Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh, involving tax, interest and penalty aggregating to more than Rs 9.63 crore.
Power Grid Corporation of India: The state-run utility major has approved the upgradation of SCADA and associated systems of NTAMC/RTAMC at an estimated cost of Rs 485.04 crore. It also approved availing an unsecured term loan facility of JPY 80 billion from JBIC and participating financial institutions.
Punjab National Bank: The PSU bank has revised its Foreign Currency Non-Resident (FCNR(B)) deposit rates to up to 6.10 per cent per annum and expects to mobilise around $2.5 billion through the scheme.
Zee Entertainment Enterprises: The company board has approved raising capital of a minimum of Rs 2,300 crore in one or more phases/tranches to fund the company's strategic and business initiatives.
Central Bank of India: The PSU lender has raised deposit rates by up to 253 basis points (bps), taking rates to as high as 6 per cent for 3-5-year FCNR(B) schemes, reported select media channels.
Krystal Integrated Services: The diversified management services provider has received a Rs 24.38 crore work order from the Office of Resident Commissioner, Maharashtra Sadan, for providing facility management services in New Delhi.
Vascon Engineers: The EPC solutions company has received a Letter of Intent (LoI) worth Rs 347.43 crore from the Central Public Works Department (CPWD), Guwahati, for the demolition and redevelopment of RBI quarters at Zoo-Narengi Road Colony, Guwahati, Assam. The project has been awarded on an EPC basis.
Deccan Gold Mines: The mining player has signed a definitive Earn-In, Option and Shareholders Agreement for the Logrosan Tungsten Project in Spain. Under the agreement, it will invest €1.76 million to progressively acquire a 51 per cent stake in Logrosan Minera SL by March 2027, increasing its ownership to 75 percent, subject to agreed milestones and an independent valuation.
PPAP Automotive: The plastic and rubber products player has entered into a partnership agreement with Hutchinson to manufacture advanced body sealing systems in India for the passenger vehicle segment. The partnership will provide PPAP with access to Hutchinson's technology, licensed know-how, engineering expertise, and technical support.