HCLTech and Aurobay Technologies, a division of Horse Powertrain, have expanded their digital transformation partnership. HCLTech will manage and optimize SAP and Siemens Teamcenter PLM software for Aurobay, enhancing cost efficiency and digital innovation. The partnership covers operations in Sweden and China, reinforcing Aurobay’s focus on streamlined operations. Consolidated revenues as of September 2025 totaled $14.2 billion.

Expanded Partnership Details

HCLTech has been selected by Aurobay Technologies, a division of Horse Powertrain, to expand their existing digital transformation partnership. This collaboration aims to bolster manufacturing excellence and innovation across Aurobay’s operations. The announcement was made on December 15, 2025.

Scope of the Collaboration

Under the expanded agreement, HCLTech will manage and optimize SAP and Siemens Teamcenter PLM software, as well as provide integration services in both Sweden and China. This initiative seeks to unlock cost efficiencies, enhance operational resilience, and drive digital innovation within Aurobay’s manufacturing and engineering functions. HCLTech’s flagship service transformation platform, Al Force, will be leveraged.

Strategic Impact

The partnership spans across core business functions, including SAP operations, engineering systems, integration services, and mainframe environments. This comprehensive approach reinforces Aurobay’s commitment to achieving scale, efficiency, and seamless operations on a global scale.

Executive Commentary

Henrik Eigert, Head of Digital Sweden, Aurobay Technologies division, stated that the digital transformation continues to build momentum and strengthen operations to support future growth. The extended partnership with HCLTech underscores the trust built over the years.

Pankaj Tagra, Global Head Mobility and Chief Growth Officer – Germany at HCLTech, expressed pleasure in deepening the partnership and supporting engineering services across key geographies. He highlighted the company’s deep capabilities in the automotive domain and its focus on delivering integrated, digital-first solutions.

HCLTech’s Automotive Presence

This partnership highlights HCLTech’s growing presence in the European automotive market, particularly in SAP-led initiatives. It reinforces the company’s position as a strategic technology partner, helping mobility companies accelerate innovation, enhance operational performance, and realize the full potential of digital ecosystems through HCLTech’s proprietary Al Force platform.

Horse Powertrain Overview

Horse Powertrain is described as a new global leader in hybrid and combustion powertrain solutions, supporting automotive OEMs with systems including engines, transmissions, power electronics, and integrated hybrid platforms. Consisting of two divisions, Aurobay Technologies and Horse Technologies, Horse Powertrain operates 17 plants and 5 R&D centers globally, serving a range of OEMs including Renault Group, Geely Auto, Volvo Cars, Proton, Nissan, and Mitsubishi Motors Corporation. Horse Powertrain is headquartered in London, UK, and employs 19,000 people globally. The company’s shareholders are Renault Group (45%), Geely (45%), and Aramco (10%).

About HCLTech

HCLTech has more than 226,600 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software. The company’s consolidated revenues as of September 2025 totaled $14.2 billion.

Source: BSE

Route Mobile has announced the cancellation of 500 stock options granted under its ESOP Plan 2021. The cancellation, noted and recorded by the Board of Directors on December 15, 2025, pertains to an eligible employee whose employment with the company has ceased. The decision reflects an adjustment in the company’s equity structure following workforce changes. The Board convened a meeting to address this matter, ensuring transparent handling of stock option allocations.

ESOP Adjustment

Route Mobile’s Board of Directors has approved the cancellation of stock options previously allocated under the Route Mobile ESOP Plan 2021. The decision, finalized on December 15, 2025, impacts a specific number of options linked to an employee departure.

Cancellation Details

The Board officially noted and recorded the cancellation of 500 (Five Hundred) stock options. These options were initially granted under the Route Mobile ESOP Plan 2021. The employee’s cessation of employment led to this adjustment in stock option allocation. The board meeting commenced at 1:30 P.M. and concluded at 3:25 P.M..

Source: BSE

UPL Limited has addressed queries regarding a recent increase in the company’s trading volume. The company stated that all required disclosures have been made to the stock exchanges. Further, UPL clarifies that there is no unpublished price-sensitive information that needs to be disclosed. Any movement in share volume is purely market-driven.

Response to Volume Queries

UPL Limited has responded to an inquiry regarding the increase in the company’s trading volume. The company confirms that it has consistently complied with disclosure requirements.

No Undisclosed Information

UPL Limited explicitly states that there is no unpublished price-sensitive information or event that would warrant disclosure. The company reiterates that any fluctuations in the volume of its shares are based on market dynamics.

Source: BSE

NMDC Limited has issued a clarification regarding the recent volume movement in its shares. The company confirmed that all necessary information related to the matter has already been disclosed and that it currently holds no further undisclosed price-sensitive information. This announcement aims to address queries from stock exchanges and ensure transparency for investors as of December 15, 2025.

Clarification on Trading Volume

NMDC Limited addressed recent inquiries regarding the trading volume of its shares. The company issued a formal statement clarifying that it has already disclosed all requisite information pertaining to any significant events or announcements that could potentially impact the stock’s trading activity.

Confirmation of Disclosures

In its communication, NMDC Limited stated that all necessary announcements have been duly disclosed. The company confirms it is in compliance with continuous disclosure norms. The company has fulfilled its obligations to keep the market informed of any developments that require immediate disclosure.

No Undisclosed Information

NMDC Limited explicitly stated that it does not currently possess any further undisclosed price-sensitive information that should be shared with the stock exchanges. The announcement was made on December 15, 2025. The company invited the exchanges to record their clarification to this effect.

Source: BSE

Gujarat Fluorochemicals Limited (GFL) has announced that shareholders approved the alteration in the Articles of Association at a meeting held on December 12, 2025. This decision, passed via postal ballot, primarily concerns the retirement and rotation policies for directors within the company. Managing Directors, Deputy Managing Directors, and Independent Directors will not be liable to retire by rotation.

Articles of Association Amendment

Gujarat Fluorochemicals Limited (GFL) has received shareholder approval for alterations to its Articles of Association. This was confirmed following a special resolution passed on December 12, 2025, through a postal ballot process.

Director Retirement and Rotation

The key amendment addresses the retirement and rotation policies applicable to directors. The revised Articles stipulate that Managing Directors, Deputy Managing Directors, and Independent Directors are not liable to retire by rotation. All other directors will be subject to retirement by rotation as specified in Section 152 of the Companies Act, 2013. The requirements to hold qualification shares remains unchanged for all Directors.

Source: BSE

Hindustan Zinc Limited (HZL), a Vedanta subsidiary, has received a penalty order of ₹45.98 lakhs regarding input tax credit claims for fiscal years 2018-19 and 2019-20. The penalty was issued by the Assistant Commissioner Central Goods and Services Tax Division-Rudrapur. HZL intends to appeal the order, anticipating a favorable outcome and minimal material financial impact. The matter pertains to the availment of Input Tax Credit under the CGST and IGST Acts.

Penalty for Input Tax Credit

Hindustan Zinc Limited (HZL), a subsidiary of Vedanta, has been penalized by the Office of the Assistant Commissioner, Central Goods & Service Tax – Rudrapur. The penalty amounts to ₹45,98,335.

Details of the Order

The order, dated December 13, 2025, received by HZL on December 13, 2025, at 05:56 PM, relates to the availment of Input Tax Credit in terms of section 16 of CGST Act, 2017 and section 20 of IGST Act, 2017 for FY 2018-19 and 2019-20.

Company’s Response

HZL plans to appeal the order. The company anticipates a favorable outcome from the appeal and does not expect the order to have a material financial impact.

Source: BSE

Bharat Heavy Electricals Limited (BHEL) has announced the appointment of Shri Sunil Kumar Somani as the new Head of Fabrication, Stamping & Insulator Plant (FSIP) in Jagdishpur, effective December 15, 2025. He will report to the Director (E, R&D). Shri Somani brings 35 years of service to the role.

Senior Management Change

Shri Sunil Kumar Somani has been appointed as the new Head of Fabrication, Stamping & Insulator Plant (FSIP) at BHEL Jagdishpur, effective December 15, 2025.

Leadership Role and Reporting Structure

In his new role, Shri Sunil Kumar Somani will oversee the operations of the FSIP and will report directly to the Director (E, R&D).

Brief Profile of Shri Sunil Kumar Somani

Shri Somani holds a Bachelor’s degree in Mechanical Engineering (BE Mechanical) and joined BHEL on February 12, 1990. He brings a total of 35 years of experience to the role.

Source: BSE

The Oberoi Group, through EIH Limited, has announced a management agreement to establish a luxury resort at the historic Makaibari Tea Estate in Darjeeling. Scheduled to open in 2030, the resort will feature 25 keys and emphasize natural beauty, timeless heritage, and sustainable practices. This initiative aims to create exceptional hospitality experiences in extraordinary natural settings, leveraging the estate’s rich history and biodiversity.

Luxury Resort Announced

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop a luxury resort at the iconic Makaibari Tea Estate in Darjeeling. This new resort aims to blend luxury with the natural beauty and historical significance of the estate.

The Makaibari Tea Estate

Established in 1859, the Makaibari Tea Estate is renowned for its Himalayan views, lush forests, and biodiversity. Covering 1,236 acres (500-hectare), the estate features one of the world’s oldest functioning tea factories, built with wood, bamboo, and cast iron. Makaibari was also the world’s first fully certified organic tea estate in 1988, pioneering biodynamic and permaculture farming.

Sustainability and Community

The estate is committed to sustainability, focusing on community development, fair labor practices, and support for worker families. This commitment aligns with The Oberoi Group’s philosophy of care and responsibility.

Resort Details

The resort is scheduled to open in 2030 and will feature 25 keys. Designed by Nava Design Studios Co. Ltd., Bangkok, it is being developed in partnership with Luxmi Tea Co Private Limited. The Oberoi, Makaibari Tea Estate, Darjeeling, will be located just 35 kilometers from Bagdogra International Airport, offering convenient access while preserving a secluded atmosphere.

Statements from Leadership

Mr. Rudra Chatterjee, Managing Director, Luxmi Tea Co Private Limited, stated that Makaibari is a living legacy shaped by nature, craftsmanship, and community. He highlighted the pristine forests, Himalayan views, and rare biodiversity as exceptional features.

Mr. Arjun Oberoi, Executive Chairman, The Oberoi Group, added that the Makaibari Tea Estate is an inspiring addition to their development portfolio, emphasizing its natural beauty, artisanal traditions, and historical significance. He also noted the commitment to creating transformational experiences in unique destinations.

Mr. Vikram Oberoi, Chief Executive Officer, The Oberoi Group, highlighted Makaibari’s natural beauty, biodiversity, and heritage. He emphasized the priority to honor the setting and contribute to the communities, focusing on sustainable employment and skill development.

Expansion Plans

This announcement aligns with EIH Limited’s expansion plans, which include a pipeline of 29 upcoming hotels and luxury cruisers scheduled to open by 2030. These projects will add approximately 2,251 keys to the portfolio, with a significant portion operated under management contracts.

Source: BSE

Newgen Software Technologies’ subsidiary in Saudi Arabia has signed an agreement with a leading public sector bank to design and develop a loan origination system. The deal is valued at SAR 15,982,125 (approximately Rs.38.64 Crores). The project includes perpetual licensing, implementation, and one year of support. It is expected to be executed over 2 years.

Saudi Arabian Project

A wholly-owned subsidiary of Newgen Software Technologies has secured a project to design and develop a loan origination system for a leading public sector bank in Saudi Arabia.

Contract Details

The agreement encompasses designing and developing a loan origination system, including perpetual licenses, implementation, and one year of support services following the go-live date.

Financial Impact

The total value of the contract is SAR 15,982,125 (Saudi Riyals Fifteen million nine hundred and eighty-two thousand one hundred and twenty-five only), inclusive of taxes. This translates to approximately Rs.38.64 Crores (Indian Rupees Thirty Eight Crore and Sixty Four Lakh Only), inclusive of taxes.

Project Timeline

The project is expected to be completed within a period of 2 years.

Source: BSE