Wipro has announced a digital transformation partnership with Hachette UK (HUK),a leading publishing group based in the United Kingdom. Wipro will help modernise Hachette UK’s IT infrastructure through the implementation of SAP S/4HANA.  This adoption of the SAP S/4HANA system, delivered on RISE with SAP, will allow HUK to transform its finance operations and core enterprise applications, providing increased agility and speed and significantly enhancing source-to-pay operations.

Indian Renewable Energy Development Agency (Ireda) on Wednesday said it has filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal. According to a regulatory filing, Ireda has filed an application on May 14, 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Gensol Engineering Limited, a listed company bearing an amount of default of Rs 510,00,52,672 (about Rs 510 crore). Meanwhile, Gensol Engineering on Wednesday said the Securities Appellate Tribunal (SAT) disposed of its appeal but allowed the company to file its response on Sebi’s interim order to bar the firm and its promoters from the securities market.

Bharti Airtel’s application for converting its adjusted gross revenue (AGR) dues to the government into equity ownership was meant to seek a clarity on available options for the company, the telecom firm’s vice-chairman and MD Gopal Vittal said on Wednesday. Bharti Airtel has sought conversion of its AGR dues of around Rs 41,000 crore, including interest liability, into equity ownership for the government, in line with a similar relief given to debt-ridden Vodafone Idea.

Vodafone Idea (Vi) is all set to launch its high-speed 5G services in Delhi NCR from May 15. The capital region joins Vi’s growing 5G footprint as part of the initial phase of the roll out, which has already seen launches in Mumbai, Chandigarh and Patna. The telco is all set to roll out 5G in all 17 priority circles, where it has acquired 5G spectrum, by August this year.

Himadri Speciality Chemical, in a bid to strengthen its lithium-ion battery material business, has decided to pump in additional Rs 81 crore for an undisclosed additional stake in Australian battery materials firm Sicona Battery Technologies. This investment would be made apart from the 12.39 per cent stake of Sicona that Himadri bought in 2023 at Rs 58 crore.

Tata Power is looking to spend Rs 25,000 crore as capital expenditure (capex) in FY26 and the company is also keen to bid for two discoms in Uttar Pradesh, CEO Praveer Sinha said as he shared plans for the new fiscal. About the company’s plans for nuclear projects, he said Tata Power is awaiting legal changes, and will proceed accordingly. The CEO made the remarks during a post-earnings call on Wednesday.

CLSA on Wednesday trimmed its holding by divesting a 1.2 per cent stake or 1.13 crore shares at an average price of Rs 88.55 in Edelweiss Financial Services for Rs 100 crore in open market via block deal platform. After the latest transaction, CLSA’s holding through its arm in Edelweiss Financial Services has declined to 4.54 per cent from 5.74 per cent.

Mankind Pharma Ltd on Wednesday said it has received additional tax demands, including interest, of Rs 341.86 crore from the Income Tax authority  The company has received orders from the office of the Deputy Commissioner of Income Tax, Central Circle 29, New Delhi dated May 9, 2025 on May 13 and 14, 2025, through IT portal, raising additional tax demands, including interest, of Rs 341.86 crore, Mankind Pharma said in a regulatory filing. The demand is on account of adjustments made and disallowance of various expenditures under different sections of the Income Tax Act, 1961, it added.

The board of Aditya Birla Real Estate has approved the sale of remaining machineries relating to Spinning, Yarn dyeing and Processing etc. of the Textile division -- Birla Century plant at Jhagadia Bharuch in Gujarat, earlier being used for operations of joint venture viz. Birla Advanced Knits. The company will receive total consideration of Rs 22.15 crore (without GST) from the sale.

Ethos through its wholly owned subsidiary -- Ethos Lifestyle has inaugurated India’s first exclusive boutique of ‘Messika Paris’, the globally renowned French luxury jewellery brand. The boutique is located at Chanakyapuri in New Delhi. This marks Messika’s official entry into the Indian luxury jewellery market through the Ethos Group and is a significant addition to the company’s curated portfolio of iconic global brands. This launch aligns with the company’s strategic vision of delivering world-class luxury experiences to Indian consumers and further strengthens its leadership in the premium lifestyle and jewellery retail space.

Real estate developer Brigade Enterprises Ltd has acquired a 5.41-acre land parcel in the city for Rs 441.70 crore to establish a premium residential project, a top official said on Wednesday. The project, set to come up on Velachery Road in Chennai, will have a gross development value (GDV) of about Rs 1,600 crore, with a development potential of approximately 0.8 million sq ft, the Bengaluru-headquartered firm said. Located in Velachery and adjacent to Phoenix Market City, this acquisition is part of Brigade Group’s planned expansion in the Chennai market, the company stated in a release. The acquisition was made through an ‘outright purchase’ deal with a transaction value of Rs 441.70 crore, it added.

Specialty chemicals company Chemplast Sanmar Ltd will establish a manufacturing facility to produce refrigerant gas at an investment of Rs 340 crore. The proposed greenfield project, along with the ongoing multi-purpose production block facility in Tamil Nadu under the Custom Manufactured Chemicals (CMC) business, reinforces the company’s strategy to expand in the specialty chemicals space. 

Tata Consultancy Services has bagged a contract for an undisclosed sum to help modernise the core digital banking platform and transform operations for Mongolia’s Khan Bank. It will deploy the ‘TCS BaNCS’ platform to help the client grow, enhance experience for its 29 lakh customers and focus on improved operational efficiencies, a statement said.

Tech Mahindra has announced changes in its senior leadership, including Manish Mangal taking over as head of Americas communications business. Sahil Dhawan has been appointed as the head of India, the Middle East, and Africa (IMEA) business, as per a statement.

Kesar India has subscribed 30% stake in Trinity Buildcorp LLP, a Limited Liability Partnership incorporated on May 14, 2025. The object of incorporation of the LLP is to diversify business in Construction and Real Estate Activities.

Results Calendar: Abbott India, Allied Blenders and Distillers, Alivus Life Sciences, Arvind, Balrampur Chini Mills, Bombay Burmah Trading Corporation, Bikaji Foods International, BLS International Services, Caplin Point Laboratories, CESC, Cochin Shipyard, Crompton Greaves Consumer Electricals, Datamatics Global Services, Endurance Technologies, Garware Technical Fibres, Gujarat Mineral Development Corporation, Godfrey Phillips India, G R Infraprojects, INOX India, JSW Energy, Kaynes Technology India, Kennametal India, LIC Housing Finance, LT Foods, Global Health, Medi Assist Healthcare Services, NCC, Neuland Laboratories, NOCIL, Page Industries, Patanjali Foods, PDS, P N Gadgil Jewellers, PB Fintech, Pricol, Prism Johnson, Saregama India, Signature Global (India), SKF India, Solara Active Pharma Sciences, South Indian Bank, Steel Strips Wheels, Tega Industries, Thangamayil Jewellery, Tube Investments of India, Vinati Organics, Vishnu Chemicals, Websol Energy System, Welspun Enterprises and ZF Commercial Vehicle Control Systems India.

Published on May 15, 2025