Big Deals, Global Ties & Infra Push Define the Week for India Inc
- Rs 18,000 crore buyback, global tie-up with HanesBrands, Rs 30,000 crore data centre park deal.
- Bharat Forge UAV pact, JBM Auto $100 mn for e-buses, Marico takes full control of True Elements.
- NBCC Rs 3,700 crore Jaipur project, JSW rail siding buy, Cohance USFDA clean audit.
From billion-dollar buybacks to global partnerships and bold infrastructure bets, corporate India is buzzing with activity this week. Technology giants are strengthening their alliances, automakers are eyeing futuristic mobility, and developers are laying the foundation for next-gen data hubs. At the same time, strategic acquisitions, fresh capital inflows, and regulatory wins are reshaping the landscape across industries. Here’s a quick look at the major corporate moves making headlines.
Key Shares to Watch Today
Infosys: The IT giant made a strong move by announcing a massive Rs 18,000 crore share buyback at Rs 1,800 per share. This represents 10 crore shares or 2.41% of its total equity, signaling confidence in its long-term growth story. Alongside, Infosys entered a ten-year partnership with US-based HanesBrands Inc., a global apparel leader. The collaboration will focus on digital transformation, business applications, and data initiatives, strengthening Infosys’ global consulting footprint.
Bharat Forge: The engineering major took two significant steps this week. It signed an MoU with UK-based Windracers to bring ULTRA UAV technology to India, focusing on deployment and localisation. In another development, its arm Kalyani Strategic Systems partnered with Abu Dhabi’s MP3 International to supply artillery spare parts to the UAE, further boosting India’s defense manufacturing presence on the global map.
Lodha Developers: The real estate leader entered into an MoU worth Rs 30,000 crore to develop a large-scale data centre park at Palava. The project, which is expected to attract joint investments from Lodha and multiple data centre players, aims to transform Palava into a digital infrastructure hub.
Mahindra & Mahindra: The company’s wholly-owned arm, Mahindra Holdings Ltd, will acquire stakes in Mahindra Contech and PSL Media & Communications. These firms will be converted into subsidiaries, a move aimed at simplifying the group’s structure, enhancing efficiency, and improving transparency.
NBCC (India) Ltd: The state-run construction company signed an MoU with RIICO for developing projects worth Rs 3,700 crore near Jaipur International Airport. The plan includes a convention centre, Unity Mall, and other allied infrastructure across a 95-acre plot on Tonk Road, reflecting a push towards urban development in Rajasthan.
JBM Auto: Its subsidiary JBM Ecolife Mobility secured a $100 million long-term capital infusion from IFC. The funding will support the rollout of modern, air-conditioned electric buses in Maharashtra, Assam, and Gujarat reinforcing India’s journey towards greener public transport.
Cohance Lifesciences: The company received a clean chit from the USFDA after a cGMP audit of its API Unit-1 facility in Andhra Pradesh. The audit, conducted between September 8–11, ended with zero observations, boosting confidence in its compliance standards.
JSW Infrastructure: The company’s subsidiary JSW Port Logistics acquired an 86-acre brownfield rail siding in Ballari, Karnataka, for Rs 57 crore. Previously owned by Hothur Ispat, the acquisition strengthens JSW’s logistics capabilities in a key industrial region.
Marico: The FMCG major completed the acquisition of True Elements by buying the remaining 46.02% stake in HW Wellness Solutions for Rs 138 crore. This follows its earlier 53.98% acquisition in 2022, making True Elements a fully owned subsidiary and expanding Marico’s portfolio in healthy foods.
GMR Power and Urban Infra: The company won a legal battle after the Supreme Court dismissed appeals filed by Haryana’s Distribution Licensees and GRIDCO. The court upheld a 2019 tribunal ruling confirming GMR Kamalanga Energy’s right to receive linkage coal on a pro-rata basis, strengthening its power supply prospects.
