Vigilante superhero Batman has the reputation of being fast and true to that ethos, Mahindra & Mahindra’s elect BE 6 Batman Edition, consisting of 999 units, was sold out within 135 seconds of the booking opening. The model was initially limited to just 300 units, but the company expanded the allocation to 999 units after witnessing heightened demand. The BE 6 — Batman Edition was launched on the eve of Independence Day in collaboration with Warner Bros. Discovery Global Consumer Products. The electric collector edition is priced at ₹27.9 lakh, with deliveries beginning from September 20, the company said.

Fitch Ratings has upgraded India-based Muthoot Finance Ltd’s (MFL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘BB+’, from ‘BB’. The Outlook is Stable.

The Reserve Bank of India (RBI) has approved SMBC’s proposal to acquire up to 24.99% of YES Bank’s paid-up share capital/ voting rights. This approval will remain valid for one year. RBI has also clarified that the acquisition will not result in SMBC being classified as a promoter of the bank. The approval is subject to compliance with the Banking Regulation Act, 1949, RBI’s Master Directions and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies (issued on 16th January 2023 and updated from time to time), the Foreign Exchange Management Act, 1999, and other applicable laws and conditions, including lock-in requirements and RBI’s discretion on any subsequent transactions.

Recent action by CBI on Reliance Communications has had no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders, Reliance Power and Reliance Infrastructure said on Sunday. In two separate exchange filings, the Reliance Group companies said they are separate and independent listed entities with no business or financial linkage to Reliance Communications. Further, Anil D. Ambani has not been on the board of Reliance Power Ltd for more than 3.5 years. Accordingly, any action in relation to Reliance Communications has no bearing nor will it impact their governance, management, or operations, the companies said. Meanwhile, after the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing.

NTPC Green Energy has announced that part capacity of 50 MW solar, out of the total installed capacity of a 150 MW solar project located in Bhuj, Gujarat of Ayana Renewable Power Four Private Ltd, a subsidiary of Ayana Renewable Power Pvt. Ltd., a wholly-owned subsidiary of our joint venture ONGC NTPC Green Pvt, is commercially operational w.e.f. August 24.. The current commercial capacity of NTPC Green Energy Ltd Group stands at 7197.575 MW. With the addition of this capacity, the total installed capacity of the NGEL Group will increase to 7247.575 MW.

Coal India Ltd (CIL), Mineral Resources Development, Madhya Pradesh (through the Directorate of Geology and Mining) and Madhya Pradesh State Mining Corporation Ltd executed a Non-Binding Memorandum of Understanding (MoU) on August 23 at Katni, Madhya Pradesh to cooperate and collaborate in the field of Exploration & Exploitation of Critical Minerals and other minerals of mutual interest in Madhya Pradesh

Wardwizard Innovations & Mobility has signed a Mutual Confidentiality And Non-Disclosure Agreement with Upgrid Solution (Battery Smart) to make EV ownership more affordable for customers, expand Battery Smart’s swapping network, and provide Wardwizard Innovations & Mobility dealers with added revenue opportunities.

Appellate tribunal NCLAT has dismissed the plea against the acquisition of Vadraj Cement by Nirma group cement business Nuvoco Vistas Corporation during an insolvency resolution process. The Delhi-based principal bench of NCLAT has upheld the previous order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on April 1, 2025, approved Nuvoco Vistas’s plan for Vadraj Cement that includes an upfront payment of Rs 1,800 crore.

Akums Drugs & Pharmaceuticals said that it has executed a framework agreement with Zambia to establish a local manufacturing facility and supply medicines in Zambia. This project shall be implemented through incorporation of a new joint venture company in Zambia in which Akums will be a majority partner owning 51% stake and a nominated Zambian state instrumentality owning 49% stake.

Rainbow Children’s Hospital has officially launched its 20th hospital in Warangal, bringing advanced paediatric, neonatal, and maternal healthcare services to the city. Building on Prashanthi Hospital’s strong reputation in obstetrics and gynaecology, the new facility expands its scope with comprehensive, world-class paediatric care. The facility is upgraded and rebranded as Rainbow Children’s Hospital for paediatric care and Prashanthi with BirthRight by Rainbow for women’s care.

RailTel Corporation of India Ltd has received a work order from Rajasthan Skill & Livelihoods Development Corporation (Rsldc) for PMC amounting to Rs. 13,16,25,252 (Including Tax).

Panabyte Technologies Ltd has received a Non-Comprehensive Annual Maintenance Contract work order of Fire Alarm System at Master Control Facility (MCF), Hassan under the Department of Space, Government of India. 

Titagarh Rail Systems Ltd has received a Letter of Acceptance (LOA) from Banaras Locomotive Works, for Complete Shell Assembly for WAG-9HC Locomotives. The order is valued at ₹91.12 crore (Incl. GST).

Interarch Building Solutions Ltd (formerly Interarch Building Products Limited) has secured an order from Rungta Mines Ltd for Design, Engineering, Manufacturing, Supply & Erection of Pre-Engineered Steel Building. The order value is approx. Rs. 90 crore.

Sellwin Traders Ltd has entered into a Memorandum of Understanding (MOU) with Shivam Contracting Inc., US, a company incorporated under the laws of the State of New Jersey, US, to explore a strategic investment opportunity. As per the MOU, Sellwin Traders Ltd proposes to make an equity-linked investment of up to $6 million in Shivam Contracting Inc. over a period of three years, subject to applicable statutory and regulatory approvals in India and the US, including compliance with FEMA, RBI, SEBI, and BSE regulations.

JSW Steel had earlier announced surrender of Jajang Iron Ore Block located in Keonjhar, Odisha due to un-economic operations. Pursuant to the above, the mining operation of the aforesaid Iron Ore Block was ceased with effect from December 2024 as per the Final Mine Closure Plan approved by Indian Bureau of Mines. The Govt. of Odisha has now issued a demand notice dated August 21, 2025 for payment of Rs 1,472.69 crore as mining dues within 15 days of receipt of the said notice towards shortfall in despatch vis-a-vis minimum despatch requirement under rule 12 A(2) of Mineral (other than Atomic & Hydrocarbon Energy Minerals) Concession Rules, 2016 for the entire period of 5th year of lease ( from 27.06.2024 to 26.06.2025).

Sampre Nutritions Ltd has entered into a Manufacturing Agreement with Rama Exports for manufacturing nutraceutical and food products. The agreement is expected to generate a business of Rs15 crore over the term of the contract, thereby contributing significantly to the company’s revenues and supporting its nutraceutical and food product operations.

Zodiac Energy has acquired a majority stake in Dhwarkesh Solar Projects LLP. Following the acquisition, the company now holds a 50 per cent ownership interest in the aforesaid LLP through direct capital contribution. Accordingly, Dhwarkesh Solar Projects LLP has become associate of the company. The object of the LLP is in line with the object of the company. The said acquisition would result in further expansion of the business of the company. 

Published on August 25, 2025