Author: Legal Parivar

Bhilai-based engineering and fabrication company Atmastco Limited has secured a prestigious work order worth Rs 5.13 crore for the fabrication and supply of one of the tallest statues of Bharat Ratna Dr. Babasaheb Ambedkar at Indu Mill, Dadar, Mumbai. The order was awarded by Shapoorji Pallonji & Company Private Limited, a leading domestic construction and infrastructure firm. The project involves fabrication, assembly, galvanizing, metallizing, and painting of the statue, with execution to be completed as per the purchase order terms. This is a one-time domestic contract and does not involve any promoter or group company interest, nor does it fall…

Chennai-based pharmaceutical company Curis Lifesciences Limited has entered into a joint venture agreement with M/s. Eurosun Pharmaceuticals to serve as the exclusive exporter and distributor of its pharmaceutical products in Nigeria, the company informed the National Stock Exchange of India (NSE) on 25th December 2025. Under the agreement, Eurosun Pharmaceuticals will manage product export, regulatory approvals, and market development in Nigeria. The JV ensures that both parties will not collaborate with other partners for the specified products within the Nigerian territory. The net profit or loss from Nigerian operations will be shared equally (50:50) between Curis Lifesciences and Eurosun Pharmaceuticals.…

IndiGo on Thursday cancelled 67 flights across multiple airports due to forecasted bad weather and limited operational reasons, adding to the airline’s ongoing winter challenges amid regulatory scrutiny. According to data on IndiGo’s website, only four cancellations were operational, while the majority were linked to anticipated adverse weather conditions. Affected airports included Agartala, Chandigarh, Dehradun, Varanasi, and Bengaluru. The cancellations coincide with the Directorate General of Civil Aviation’s (DGCA) officially declared fog season, which spans December 10 to February 10. During this period, flight operations are often disrupted by low visibility in northern and eastern India. Under DGCA’s fog operations…

Demand for industrial and logistics real estate in India touched a historic peak in 2025, with leasing activity rising nearly 19% year-on-year to 76.5 million square feet across 24 key cities, according to a report by Savills India. The study highlighted strong participation from the manufacturing sector, which accounted for 29% of total leasing. Third-party logistics (3PL) players followed closely with a 28% share, while e-commerce companies contributed 12% of overall demand. Savills India noted that the sector has continued its robust post-pandemic momentum, recording its highest-ever annual absorption this year. In comparison, industrial and logistics leasing stood at 64.5…

Taro Pharmaceutical Industries, a subsidiary of Sun Pharmaceutical Industries, has recalled more than 17,000 units of an antifungal product in the United States following manufacturing-related concerns, according to the US Food and Drug Administration (USFDA). In its latest enforcement report, the US health regulator said that Taro is recalling 17,664 units of Ciclopirox Shampoo, a medication commonly used to treat seborrheic dermatitis, a skin condition characterised by dryness, flaking and itching. The recalled product was manufactured at the company’s Hawthorne facility. The USFDA noted that the recall was initiated due to a failure to meet impurity and degradation specifications. Taro…

Ola Electric on Thursday announced that it has received a sanction order from the Ministry of Heavy Industries for the release of ₹366.78 crore in incentives under the Production-Linked Incentive (PLI) Auto Scheme. The sanction relates to demand incentives linked to the company’s eligible sales for FY2024–25 and authorises the disbursement of ₹366.78 crore through IFCI Limited, the designated agency for releasing PLI funds, the Bengaluru-based EV maker said in a statement. The company said the incentive has been approved in line with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time. Ola Electric…

Chennai-headquartered real estate developer Casagrand Premier Builder has refiled its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), revising its proposed initial public offering (IPO) size to ₹1,220 crore. According to the draft papers filed on December 24, 2025, the IPO will consist of a fresh issue of ₹1,200 crore, while promoters Arun MN and Casagrand Luxor will divest shares worth up to ₹20 crore through an offer-for-sale (OFS). The revised issue size marks an increase from the earlier ₹1,100-crore IPO, which included a ₹1,000-crore fresh issue and a ₹100-crore OFS. Casagrand had originally…

Travelling by train in India could soon come with a gourmet twist. Leading global and Indian restaurant chains, including McDonald’s, KFC, Haldiram’s, Wow Momo, and Baskin Robbins, are set to launch premium food and beverage outlets at railway stations across the country, offering passengers a dining experience comparable to airports. The move comes after the government amended the Catering Policy 2017 to allow premium restaurant chains to operate at stations. According to officials, the first outlets are expected to become operational in 2026. A High-Volume OpportunityRailway stations offer enormous sales potential due to high passenger footfall. “Airports may have higher…

The Adani Group has completed 33 acquisitions totaling approximately ₹80,000 crore (USD 9.6 billion) across its businesses since January 2023, highlighting the conglomerate’s strong access to capital and consistent execution following the Hindenburg Research allegations nearly three years ago. The acquisitions were largely concentrated in the group’s core sectors, with ports leading at ₹28,145 crore, cement at ₹24,710 crore, and power at ₹12,251 crore. Other segments, including newer incubating businesses, accounted for ₹3,927 crore, while transmission and distribution contributed ₹2,544 crore. The tally does not include the pending ₹13,500 crore acquisition of debt-laden Japyee Group under bankruptcy proceedings. This strategic…

Diversified conglomerate LNJ Bhilwara Group has signed an agreement to acquire a 100% stake in Mandakini Jal Urja, which is developing a 76 MW hydroelectric project in Uttarakhand, for an undisclosed sum. The acquisition will be executed through the group company Bhilwara Energy, purchasing the entire equity from Statkraft IH Holding AS, subject to customary conditions precedent. Project Details Upon completion of the deal, Bhilwara Energy will become the sole owner of the Phata Byung run-of-river hydroelectric project located in Rudraprayag district, Uttarakhand. Financial details of the transaction have not been disclosed. Riju Jhunjhunwala, Managing Director of Bhilwara Energy, said,…