Adani Ports and Special Economic Zone Ltd (APSEZ) — part of the Adani Group — on Tuesday said billionaire Gautam Adani has been redesignated from executive chairman to non-executive chairman with immediate effect. APSEZ, in a regulatory filing, stated that, based on the recommendation of the nomination and remuneration committee, the board has approved the redesignation of Gautam Adani from executive chairman to non-executive chairman, effective August 5. Consequently, he will cease to be a key managerial personnel of the company.
Adani Infrastructure (India) Ltd has acquired a 34.41% stake in the PSP Projects through a combination of share purchase agreement (SPA) and an open offer. The acquisition was completed in two tranches on August 4 and 5, 2025. Following this, the company has officially become a joint promoter of PSP Projects, a construction firm.
The Competition Commission of India (CCI) has dismissed the objections raised by AGI Greenpac Ltd regarding the green channel approval granted to Uganda-based Independent Sugar Corporation Ltd (INSCO) for the proposed acquisition of debt-ridden Hindusthan National Glass & Industries Ltd (HNG). According to the CCI’s order dated July 15, 2025, the notice filed by INSCO on September 30, 2022, under Section 6(2) of the Competition Act, 2002, was found to comply with relevant provisions.
Orchid Pharma has received approval from a French court to acquire the assets of Allecra Therapeutics SAS, effective August 1, the Pharma major said in a notification to the stock exchanges. This follows the company’s July 30 announcement of the asset purchase.
Texmaco Rail & Engineering Ltd. on Tuesday said it has secured a Rs 73.12 crore contract from the Central Railway for a key electrification project at Vasind in Maharashtra. The project is part of the Kalyan-Asangaon 4th line capacity augmentation in the Mumbai Division and will be completed within 24 months under the GCC 2022 safety and quality standards, the company stated in a release. Pune-based automaker Force Motors on Tuesday announced the launch of a new connected vehicle platform for AI-driven fleet intelligence and predictive analytics, stating that the new offering will be available as a standard feature across all its commercial vehicles, as well as a certified aftermarket solution through authorised dealerships. Developed in collaboration with Intangles and built on a secure, cloud-native architecture, the iPulse platform provides intuitive access to live and historical vehicle intelligence, with insights available across mobile and desktop environments.
Comfort Intech and Flora Fountain Properties Ltd have invoked arbitration against CK Birla Group company Orient Electric for breaching the terms of the agreement.
The board of Chemcon Speciality Chemicals has considered and approved a proposal for the acquisition of the entire business undertaking of Shivam Petrochem Industries, a partnership firm (being a related party), through slump sale on a going concern basis, subject to the approval of members. For not more than ₹100 crore. Shivam Petrochem Industries is engaged in the manufacturing and distribution of chemicals and chemical products.
Published on August 6, 2025
