Deals

Godrej Properties and MICL plan ₹6,000 crore Marine Lines project

• The luxury residential project covers a 2.5-acre site in Marine Lines, South Mumbai
• The project has estimated revenue potential of ₹6,000 crore
• MICL transferred development rights to Godrej Properties; the rights were jointly held with Shreepati Group
• The project adds a major Mumbai launch for Godrej Properties and a development-rights transaction for MICL

Sun Pharma secures rights to commercialise Lerodalcibep outside the US and China

• Sun Pharma will commercialise and manufacture Lerodalcibep worldwide, excluding the United States and China
• The once-monthly PCSK9 inhibitor treats adults with high LDL cholesterol
• LIB Therapeutics will receive upfront and milestone payments plus royalties on net sales
• The licensing deal expands Sun Pharma’s cardiovascular pipeline and potential sales beyond the US and China

IEX subsidiary seeks licence to launch a physical coal trading exchange

• Indian Coal Exchange has applied to the Coal Controller Organisation for a trading licence
• The proposed exchange would enable physical-delivery coal trading through a technology-enabled marketplace
• The move expands IEX into coal trading, creating a new growth avenue for Indian Energy Exchange

Kalpataru Projects International secures 'major' EPC order in oil and gas business in UAE

• Kalpataru Projects International secured a major EPC order in UAE oil and gas
• It had disclosed order wins worth over ₹2,000 crore the previous week
• The order adds visibility for Kalpataru Projects’ EPC business and may support its execution pipeline

Armani may sell 15% stake to multiple investors; no decision made

• The initial 15% stake sale is expected within 18 months of founder Giorgio Armani’s death
• CEO Giuseppe Marsocci said no decision has been made; LVMH, L'Oreal and EssilorLuxottica were named preferred buyers

IIT Madras–Unicorn India fund raises ₹450 crore at first close

• The fund has a ₹1,000 crore target and aims for final close by December 2026
• It has deployed nearly ₹55 crore across four deep-tech startups

WOI India acquires SwiftSeed Ventures and names Amar Dixit CEO

• SwiftSeed’s founder-investor community will join WOI India’s entrepreneurship ecosystem
• Amar Dixit was appointed CEO

KPIL secures gas pipeline project in UAE

• KPIL received a Letter of Award for an EPC gas pipeline project in the UAE
• The UAE project adds to KPIL’s order pipeline; Kalpataru Projects shareholders are exposed

Silver Touch Technologies receives order from Space Applications Centre, ISRO

• Received an order from Space Applications Centre, ISRO, to supply high-performance computing workstations
• The order may support revenue visibility for Silver Touch Technologies

India-Canada trade deal on cards? Maninder Sidhu may visit in October ahead of PM Modi's December trip: Report

• Canadian Trade Minister Maninder Sidhu is expected to meet Piyush Goyal in New Delhi after the fifth negotiation round
• Sidhu may visit in October ahead of Prime Minister Narendra Modi’s December trip
• A trade deal could affect Indian exporters and import-competing sectors, though no terms are reported

Why Byju’s Aakash stake matters to creditors—and why cashing out won’t be easy

• Creditors are focused on how much of Aakash Think & Learn retains after its settlement
• Unclear Aakash stake recovery leaves creditors, including Indian lenders, facing uncertainty

KPIL bags ₹4,000+ crore UAE gas pipeline EPC contract; stock slips 1.14%

• KPIL won a UAE gas pipeline EPC contract worth over ₹4,000 crore
• Shares fell 1.14% to ₹1,375.30 by 9:55 am
• The contract adds overseas work for Kalpataru Projects, though its shares were lower in early trade

Elitecon signs framework agreement with South African entity

• Framework agreement covers a potential export order worth Rs 574 cr over the next year
• A potential export order could support Elitecon International’s revenue if finalised

Dilip Buildcon secures transmission project in Yavatmal, Maharashtra

Signatureglobal stock reverses gains after 5% surge on project win

• The project adds nearly 6.77 mn sq. ft. of developable potential to Signatureglobal’s portfolio
• The stock reversed gains after a 5% surge
• The project expands Signatureglobal’s pipeline; the stock’s reversal signals a mixed near-term response

Man Infra collaborates with Godrej Prop for upcoming residential project in South Mumbai

• Man Infraconstruction and Godrej Properties are collaborating on a South Mumbai residential project
• The project is described as sea-facing
• The project is a potential development opportunity for Man Infraconstruction and Godrej Properties

Aequs to raise Rs 650 crore from promoters to fund aerospace, consumer expansion

Dibrugarh set to resume international cargo movement on Brahmaputra after nearly 80 years

• Dibrugarh is set to resume Brahmaputra cargo movement to Bangladesh after nearly 80 years
• The cargo route will transport methanol; two vessels are prepared
• The route may benefit Indian logistics and shipping operators if cargo movement expands

Sandur Manganese sets up subsidiary to manufacture medical devices

• Sandur Manganese & Iron Ore incorporated wholly owned subsidiary Royal Sandur MedTech
• The subsidiary will manufacture medical devices
• The move diversifies Sandur Manganese beyond mining; investors in SANDUMA may watch execution and investment needs

Australia’s biggest gold miner rejects $27bn takeover bid

• Northern Star shares rose more than 9% after it rejected Gold Fields’ takeover proposal

Eye on India cocktail, Suntory eyes 10-15% stake in Allied Blenders & Distillers

• Suntory is discussing a potential 10-15% stake in Allied Blenders and Distillers
• The proposed investment would be a minority stake
• A potential investment could support Allied Blenders’ growth; its shareholders are directly exposed

Linde deepens its India semiconductor footprint, locks in Sanand land parcel

Balwaan Krishi raises Rs 100 crore in Series B to accelerate affordable farm mechanisation in India

It's the right time to invest in India: Swiss luxury watchmaker Baume & Mercier CEO

• Swiss luxury watchmakers, particularly Baume & Mercier, are planning significant investments in India due to the India-EFTA trade pact

Le Lavoir acquires 2400 sq.ft. premises on lease at Anjanapura Layout, Bengaluru

• Le Lavoir acquired 2,400 sq. ft. premises on lease in Bengaluru to expand laundry and allied operations

IFC to lend $70 million to JN Port for first blue financing in maritime sector

• IFC will lend $70 million to JNPA for the maritime sector’s first blue financing
• JNPA will become the first Indian port to deploy shore power technology at commercial scale
• Financing supports port infrastructure and shore-power investment, with exposure for Indian port operators and equipment suppliers

Embraer partners with Mahindra for IAF’s 60 transport plane tender, teams up with Adani for commercial planes

• Embraer partnered with Mahindra for the IAF’s Multi-Role Transport Aircraft program, using the KC-390 Millennium
• Embraer teamed up with Adani for commercial planes
• The IAF tender and commercial aircraft partnership put Mahindra and Adani’s aviation ambitions in focus

Sun Pharma shares in focus after global licensing deal for cholesterol drug; check details

Ola Electric, Aegis Logistics shares in focus ahead of fundraising meetings

Prosus in talks to invest Rs 150 crore in Swiggy Instamart challenger BazaarNow

Jakson Green eyes 12.5 GW operational renewable projects in two years

• Jakson Green is targeting 12.5 GW of operational renewable projects in two years
• It aims for 30 GW of renewable IPP and EPC capacity by 2030
• More renewable competition may affect Indian power developers, including NTPC Green Energy and JSW Energy

Steamhouse India wins Rs 311 crore EPC mandate for 300 TPH steam project in Himachal Pradesh

• Steamhouse India won a Rs 311 crore EPC mandate for a 300 TPH steam and co-generation plant
• The project is at the Bulk Drug Park in Una, Himachal Pradesh

Indian Navy Chief Invites Skyroot To Build Space Capabilities For Armed Forces

• The Navy Chief invited Skyroot to help build space capabilities for the armed forces
• The invitation comes as India expands private-sector participation in its space ecosystem
• A larger private role in defence space could benefit Indian space and defence companies

NCLAT rejects Affle 3i appeal, allowing fresh application before NCLT

• NCLAT dismissed Affle 3i’s appeal over Talent Unlimited’s insolvency proceedings
• Affle 3i may file a fresh application before NCLT alleging fraudulent CIRP initiation
• The ruling affects Affle 3i’s recovery prospects and exposure to the insolvent company

STLL acquires Advent Coal Resources, Sainik Mining and Allied Services for Rs 922 crore

Belgium’s Agfa to Merge Digital Printing Unit with Siris’ EFI