Home Blog Page 3

Triveni Turbines Inaugurates Center of Excellence at Indian Institute of Science

Triveni Turbine Limited (TTL) has launched a Centre of Excellence at the Indian Institute of Science (IISc), Bengaluru. This facility will focus on advancing energy transition and turbomachinery research to develop sustainable, high-efficiency systems. The collaboration aims to improve industrial processes and reduce carbon emissions. IISc has also established the ‘Dhruv Manmohan Sawhney Turbomachinery Chair’ to support this initiative.

Research & Development Boost

Triveni Turbine Limited (TTL) has inaugurated the Triveni Turbines Centre of Excellence at the Indian Institute of Science (IISc), Bengaluru. This initiative aims to drive significant research in energy transition and turbomachinery.

Collaboration for Innovation

The collaboration between TTL and IISc seeks to foster innovation through academia-industry partnerships. The new facility will focus on developing sustainable and high-efficiency systems that enable industries to improve process performance, enhance energy efficiency, and reduce carbon emissions. The two institutions previously collaborated on CO2 heat pump systems.

Supporting Research Talent

IISc has established the ‘Dhruv Manmohan Sawhney Turbomachinery Chair’ to further support fundamental and applied research in turbomachinery. The chair’s focus will be on thermal energy, energy transition solutions, and next-generation sustainable systems. It aims to encourage future-ready innovation and nurture scientific talent.

Leadership Perspectives

Mr. Dhruv M. Sawhney, Chairman & Managing Director of Triveni Turbine Ltd., stated that the Centre of Excellence will serve as a catalyst for pioneering research in turbomachinery and sustainable energy technologies.

State-of-the-Art Facility

Equipped with advanced testing and research infrastructure, the Centre will unite engineers and researchers to focus on performance optimization, materials innovation, and sustainable design. This initiative reinforces Triveni Turbines’ commitment to engineering excellence and contributing to India’s sustainable industrial growth.

Source: BSE

Tata Investment Corp ESG Rating Assigned at 75.6 Under Medium Risk

Tata Investment Corporation has received an ESG rating of 75.6, categorized under medium risk. This rating was assigned following the information received by the company on November 20, 2025. The ESG report, independently prepared, pertains to FY 2024-25 and is available in the public domain. The company clarifies it has not engaged with SES ESG Research Private Limited for this rating.

ESG Rating Details

Tata Investment Corporation announced that it has been assigned an ESG rating of 75.6, classifying it under the medium risk category. The assessment followed the company’s receipt of information on November 20, 2025.

Report Availability

The ESG report, covering Fiscal Year 2024-25, has been independently prepared and is accessible to the public. The report offers detailed insights into the company’s environmental, social, and governance performance.

Clarification on Engagement

The company explicitly stated that it has not engaged SES ESG Research Private Limited for this assessment. The report was independently prepared by SES ESG Research Private Limited.

Source: BSE

Route Mobile Receives Partial Arbitration Award

Route Mobile Limited has received a Partial Arbitration Award regarding a dispute concerning its subsidiary, Routesms Solutions FZE. The arbitration, related to an International A2P SMS Termination and Firewall Managing Services Agreement, has adjudicated preliminary issues. The company has already written off the balance net advance pertaining to this arrangement in its consolidated financial results. Accordingly, there is no incremental financial impact. The arbitration proceedings are continuing for remaining issues.

Partial Award Details

Route Mobile Limited’s subsidiary, Routesms Solutions FZE, has been issued a Partial Arbitration Award by the Singapore International Arbitration Centre on November 18, 2025, and received by the company on November 20, 2025. The award pertains to a dispute involving Routesms Solutions FZE and Atom Myanmar Limited.

Nature of the Dispute

The arbitration is linked to disagreements under the International A2P SMS Termination and Firewall Managing Services Master Agreement. The adjudication covers initial matters related to interpreting contractual terms about committed traffic volumes and refund obligations for prepaid amounts. The remaining issues are still under arbitration.

Financial Impact

As of September 30, 2025, Route Mobile has already accounted for this arrangement in its financial statements by writing off the balance net advance. Therefore, the Partial Award does not create any new financial impact. The company will monitor the situation and release additional information as needed.

Source: BSE

Ather Energy Expands Electric Scooter Portfolio to Sri Lanka with Rizta Launch

Ather Energy has launched its Rizta electric scooter in Sri Lanka at the Colombo Motor Show 2025. Partnering with Evolution Auto Pvt. Ltd, this launch marks Ather’s international expansion, aiming to strengthen its presence and EV ecosystem. Since entering Sri Lanka in December 2024 with the Ather 450X, Ather has established 40 Experience Centers and installed Ather Grid fast chargers. Rizta features a comfortable seat, 34L storage, and safety features like SkidControl™.

Rizta Debuts in Sri Lanka

Ather Energy Limited, a leading Indian electric two-wheeler manufacturer, has announced the launch of its Ather Rizta electric scooter in Sri Lanka at the Colombo Motor Show 2025. This move represents the next step in Ather’s international growth strategy, focused on product portfolio expansion and strengthening the ecosystem within key international markets. The official announcement was made on November 21st, 2025.

Partnership and Ecosystem Expansion

The Sri Lanka launch is in partnership with Evolution Auto Pvt. Ltd, Ather’s authorized distributor in the country. Ather initially entered the Sri Lankan market in December 2024 with the Ather 450X. Since then, it has established a growing footprint, which includes 40 Experience Centers. Ather also installed Ather Grid fast chargers to support convenient and reliable EV ownership in the country, showing a commitment to creating a robust EV ecosystem.

Rizta Features and Benefits

According to Mr. Ravneet Singh Phokela, Chief Business Officer, the Rizta has seen strong acceptance in India and Nepal, making it well-suited for Sri Lankan riders. The Rizta features a large and comfortable seat, and offers a 34L under-seat storage capacity. The scooter also includes SkidControl™ for enhanced rider safety and a 7-inch TFT display dashboard with Google Maps navigation and music and call control (available with Rizta Z).

Global Expansion

Ather’s expansion began with its first international market, Nepal, in November 2023, where it currently operates 9 Experience Centres and 7 Service Centres. Ather entered Sri Lanka in December 2024. As of September 30, 2025, Ather has a retail network of 524 Experience Centres and 3,643 Ather grid fast-charging stations across India.

Ather’s Foundation

Ather Energy Limited was founded in 2013 by Tarun Mehta and Swapnil Jain, and it designs and manufactures high-performance electric scooters. As of September 30, 2025, Ather holds 319 registered trademarks, 212 registered designs, and 48 registered patents, along with pending applications for 120 trademarks, 108 designs, and 492 patents globally.

Source: BSE

Neuland Laboratories Re-lodgement of Physical Share Transfer Requests

Neuland Laboratories announced the re-lodgement status of physical share transfer requests for the month ended October 31, 2025. This update is in accordance with SEBI guidelines. The report, received from their Registrar and Share Transfer Agent, Kfin Technologies Limited, has been submitted to the stock exchanges for informational purposes and record-keeping.

Share Transfer Update

Neuland Laboratories has provided an update regarding the re-lodgement of physical share transfer requests. The information pertains to requests processed up to October 31, 2025. This announcement ensures compliance with regulatory guidelines and provides shareholders with updated information regarding their physical share transfer requests.

Details from Kfin Technologies

The company has received a report from Kfin Technologies Limited, their Registrar and Share Transfer Agent, regarding the status of these re-lodgement requests. According to the provided information, there were no requests received, processed, approved, or rejected during the reporting period. Consequently, the average processing time is not applicable. This data reflects the current status of the special window provided by SEBI for re-lodgement of transfer requests for physical shares.

Source: BSE

Jyoti CNC Automation Expands France Operations, Doubles Capacity

Jyoti CNC Automation has expanded its operations in France through its subsidiary, Huron Graffenstaden SAS. The expansion doubles the company’s capacity and strengthens its manufacturing capabilities. The commencement of operations at the expanded facility in Strasbourg occurred on November 19, 2025. This aligns with Jyoti CNC’s strategic growth plans to meet rising global demand.

France Facility Expansion

Jyoti CNC Automation Ltd. has announced the commencement of operations at its subsidiary, Huron Graffenstaden SAS, following the completion of the facility’s expansion in Strasbourg, France, on November 19, 2025. This expansion doubles the company’s capacity.

Strategic Growth Alignment

The expansion and scale-up align with Jyoti CNC’s strategic growth plans and strengthens its manufacturing capabilities to meet rising global demand.

Key Attendees at Event

The event was graced by Mr. Parakramsinh Jadeja, Chairman & Managing Director, and Mr. Mark Troia, CEO of Huron Graffenstaden SAS. Esteemed guests including Mr. Philipps Thibault, City Mayor of Illkirch Graffenstaden; Mr. Thierry Bouchad, Vice President of EVOLIS and Administrator at FIMS; and Mr. Avinash Rao, Second Secretary at the Indian Embassy, were also in attendance.

Source: BSE

Hindalco Industries Fire Incident at Novelis’ Oswego Plant

A fire incident occurred at the Oswego Plant of Novelis, a wholly-owned subsidiary of Hindalco Industries, on November 20, 2025. All personnel were safely evacuated, and there were no injuries. Multiple local fire departments responded, and the fire is now under control. Further updates will be available on the Novelis website and the company website.

Fire Incident at Oswego Plant

On November 20, 2025, a fire incident occurred at the Novelis Plant in Oswego, New York. Novelis is a wholly-owned subsidiary of Hindalco Industries.

Safety and Response

Everyone working at the plant was safely evacuated, and fortunately, there were no injuries reported. Multiple local fire departments responded swiftly, and the fire has been brought under control. Crews will remain on site to monitor the situation.

Further Updates

Hindalco Industries assures that further updates regarding the situation will be provided in due course. These updates will also be available on the Novelis website: https://novelis.com/oswego/ and www.hindalco.com

Source: BSE

IDFC FIRST Bank Grants Employee Stock Options

IDFC FIRST Bank has approved the grant of 8,20,000 stock options to new eligible employees under its Employee Stock Option Scheme. The decision was made by the Nomination & Remuneration Committee (NRC) and aims to incentivize, encourage, and attract talent. The options will vest equally over four years, with an exercise period of three years from the vesting date.

Employee Stock Option Grant

IDFC FIRST Bank announced the grant of employee stock options to new employees. On November 21, 2025, the Nomination & Remuneration Committee (NRC) approved the allocation of 8,20,000 stock options under the ‘IDFC FIRST Bank Limited Employee Stock Option Scheme’.

Details of the Scheme

The stock options are being granted to incentivize and retain talent within the organization. The options will vest equally over a period of four years (25% each year). There is an exercise period of three years from the date of vesting for these options.

Source: BSE

Jindal Cement Increase in Stake in Jindal Steel Limited

Jindal Cement Industries Private Limited has increased its stake in Jindal Steel Limited. The acquisition involved 1,88,983 shares, raising Jindal Cement’s total holding to 6,91,937 shares, representing 0.068% of the total share capital. The transaction was executed through an open market purchase on November 18, 2025.

Increased Shareholding

Jindal Cement Industries Private Limited announced an increase in its shareholding in Jindal Steel Limited. The company acquired an additional 1,88,983 shares of Jindal Steel Limited via open market purchase. This acquisition increased Jindal Cement’s influence within the steel manufacturer.

Details of the Acquisition

The acquisition was completed on November 18, 2025. Before this transaction, Jindal Cement held 5,02,954 shares, constituting 0.049% of the total share/voting capital. With the purchase of the additional shares, the total holding now stands at 6,91,937 shares, representing 0.068% of the total share capital.

Impact on Share Capital

The equity share capital/ total voting capital of Jindal Steel Limited before and after the acquisition remains constant at Rs. 1,02,00,88,097 (1,02,00,88,097 equity shares of Re. 1/- each).

Promoter Group Shareholding

Following the acquisition, the total shares held by promoters and promoter groups is detailed in the document. Key shareholders include Naveen Jindal with 81,36,596 shares, Gagan Infraenergy Limited with 4,97,09,952 shares, and Opelina Sustainable Services Private Limited holding 14,70,84,173 shares.

Source: BSE

CM Airtime Promotion Increases Stake in Chambal Fertilisers

CM Airtime Promotion LLP has increased its stake in Chambal Fertilisers and Chemicals Ltd. by purchasing 65,000 equity shares on November 19, 2025. This acquisition has raised CM Airtime Promotion LLP’s total holding in Chambal Fertilisers to 513,073 equity shares, representing 0.128% of the company’s total equity.

Increased Shareholding

CM Airtime Promotion LLP has acquired an additional 65,000 equity shares of Chambal Fertilisers and Chemicals Ltd. on November 19, 2025. This purchase has increased their overall stake in the company.

New Holding Position

Following the recent acquisition, CM Airtime Promotion LLP now holds a total of 513,073 equity shares in Chambal Fertilisers and Chemicals Ltd., amounting to 0.128% of the total share capital. This includes 448,073 shares held previously.

Details of Share Capital

Before this acquisition, CM Airtime Promotion LLP held shares carrying voting rights representing 0.112% of total capital. After the acquisition, the share capital remains at 400,652,297 Equity Shares (Equity Share Capital Rs. 4,00,65,22,970).

Source: BSE