1 / 7ASK Automotive | Auto component maker said it has signed a technical assistance and licence agreement with Kyushu Yanagawa Seiki Co Ltd (KYSK), Japan, to manufacture high-pressure die-cast alloy wheels for two-wheelers. Under the agreement, KYSK will provide technical assistance and knowhow, ensuring the production of high-quality alloy wheels that meet international standards. In return, ASK Automotive will pay a one-time initial royalty and running royalty as per mutually agreed terms.
2 / 7IndiGrid Investment | The company said its wholly-owned subsidiary, IndiGrid 2 Private Ltd, has received a letter of intent (LoI) from REC Power Development and Consultancy Ltd for an inter-state transmission project under the tariff-based competitive bidding (TBCB) framework. The project, titled Transmission Scheme for Evacuation of Power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A, will be developed on a build, own, operate, and transfer (BOOT) basis.
3 / 7IEX | The company reported a 9% year-on-year (YoY) increase in electricity traded volume, reaching 9,622 million units (MU) in February 2025. The surge was driven by strong demand across market segments, with the Day-Ahead Market (DAM) and Real-Time Market (RTM) posting double-digit growth. The DAM segment traded 5,369 MU, marking a 14% year-on-year rise, while RTM volume increased 23% year-on-year to 2,887 MU.
4 / 7RBL Bank | The bank has reshuffled its leadership team, appointing Narendra Agrawal as President & Head of Branch Banking and Retail Liabilities and T.S. Pari as Chief Operations Officer (COO). The move comes as the lender looks to strengthen its retail banking franchise and streamline operations. Also, the bank confirmed that the Maharashtra State GST Department has initiated a search operation at three of its offices in the state. The search is being conducted under Section 67 of the Maharashtra Goods and Services Tax (MGST) Act, 2017.
5 / 7One MINDA | The company announced the establishment of a new research and development (R&D) center in the Czech Republic. This facility will focus on advancing lighting technologies to meet the growing needs of the global automotive industry. In addition to this expansion, Uno Minda also revealed a leadership transition. Rajeev Gandotra, CEO of the Lighting and Acoustics Domain (LAS)-2, has retired after a distinguished 31-year career with the company. Uno Minda expressed its gratitude for his contributions and wished him well in retirement.
6 / 7Intellect Design Arena | The company said Intellect Design Arena Inc, Canada, has completed the transfer of digital banking operations from Central 1 Credit Union. The transition, effective March 3, 2025, includes Central 1’s Forge, MemberDirect, public website, and mobile applications. As part of the agreement, over 140 digital banking engineers and service team members from Central 1 have joined Intellect to ensure seamless operations and client support.
7 / 7Godrej Properties | Realty firm announced the cancellation of its land development agreement with TCM Limited (formerly known as Travancore Chemical & Manufacturing Co Ltd) for a Thrikkakara, Kochi project. The agreement, originally signed on February 15, 2008, was officially terminated on March 3, 2025. The company stated that the cancellation will have no material impact on its financials, operations, or business activities. “There is no material impact of the cancellation of the above agreement on financials, operations or other activities of the company,” it added.
