STARTUP/TECHNOLOGY
PhysicsWallah To Focus On Core, Sell Loan Portfolio Of Its NBFC To Auxilo
Edtech company PhysicsWallah Ltd is restructuring the lending operations of its wholly owned NBFC subsidiary FinZ Finance Pvt Ltd, with the subsidiary agreeing to sell and transfer a loan portfolio worth ₹95.79 crore to RBI-registered NBFC Auxilo Finserve Pvt Ltd. The transaction will result in a substantial reduction in FinZ Finance’s lending operations and the […]
CW Bureau
·
Oct 5, 2026
MANUFACTURING
Ambika Cotton Eyes BESS Projects, Plans ₹138-Cr Unit 4 Modernisation
Coimbatore-based Ambika Cotton Mills Ltd, a manufacturer of cotton yarn and knitted fabrics, is evaluating opportunities in Battery Energy Storage Systems (BESS) while planning to invest approximately ₹135–138 crore in modernising its Unit 4, to be operational by March 2027. The company is assessing BESS opportunities based on technical feasibility, investment economics, operating requirements and […]
CW Bureau
·
Oct 2, 2026
RETAIL/FMCG
Veritas India Gets Nod To Sell UAE Assets Amid Strait Of Hormuz Shifts
Veritas (India) Ltd has obtained shareholder approval for the proposed sale and transfer of certain assets and liabilities of its UAE-based subsidiary Verasco FZE, as the changing commercial outlook around the Strait of Hormuz prompts a review of its overseas asset portfolio. The approval was obtained in January 2026 following a comprehensive assessment of the […]
CW Bureau
·
Aug 13, 2026
MANUFACTURING
Exide Banks On Lead-Acid Strength, Lithium-Ion Expansion For Next Phase
Exide Industries is pursuing a balanced growth strategy that combines the cash-generating strength of its lead-acid battery business with long-term investments in lithium-ion technology, as the energy storage industry undergoes a gradual technological transition. In his message to shareholders in the company’s Annual Report 2026, Exide Industries Chairman Sridhar Gorthi said lead-acid batteries will continue […]
CW Bureau
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Jun 17, 2026
MANUFACTURING
Chemplast Sanmar Sets Up Panel To Explore Reorganisation, M&A Buyouts
Chemplast Sanmar Ltd, the specialty chemicals and PVC manufacturer, has constituted a three-member committee to review its business portfolio and evaluate strategic options, including potential reorganisation and mergers and acquisitions, aimed at enhancing long-term value for stakeholders. The committee has been tasked with examining the company’s strategic priorities and will present its recommendations to the […]
CW Bureau
·
Jun 2, 2026
HOSPITALITY
Embassy To Sell Sepset Jodhpur ‘Mega Mall’ To Pen India For ₹100 Cr
Embassy Developments Ltd and its wholly owned subsidiary Ceres Estate Ltd have entered into a share purchase agreement with Pen India Ltd for the sale of 100% equity in Sepset Real Estate Ltd for a total consideration of ₹100 crore. The consideration will be received in one or more tranches, and the transaction is expected […]
CW Bureau
·
Apr 12, 2026
