1 / 10IReda | Indian Renewable Energy Development Agency Ltd (IREDA) on August 25 said it has set a revenue target of ₹8,200 crore for the financial year 2026, after it signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), outlining strategic targets for the fiscal year 2025-26.
2 / 10Vodafone Idea | In an exclusive conversation with CNBC-TV18, Minister of State for Communications Chandra S Pemmasani said, “Whatever we wanted to do has already been done,” referring to the conversion of nearly ₹53,000 crore of dues into government equity under the 2021 relief package. The government now holds a 49% stake in Vodafone Idea. He added, “Whatever we could do, we have already converted into equity.” He further said, “Vodafone is up to their management. They are all business people. They know how to manage. It’s up to them how they want to take it forward.”
3 / 10Public Sector Banks | The Indian govt has appointed global investment banking firm Goldman Sachs as the sole transaction advisor for the stake sale in four public sector banks (PSBs)—UCO Bank, Central Bank of India, Punjab & Sind Bank, and Indian Overseas Bank (IOB).
4 / 10Tata Motors | The Tata Group auto major and the manufacturer of commercial and passenger vehicles and parent of Jaguar Land Rover (JLR), said on Monday that the National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned its Composite Scheme of Arrangement. The scheme involves Tata Motors Ltd, Tata Motors Commercial Vehicles Ltd, and Tata Motors Passenger Vehicles Ltd, along with their respective shareholders.
5 / 10Sai Life Sciences | Sources told CNBC-TV18 that private equity investor TPG Asia is likely preparing to sell up to 14.72% stake, or about 3.07 crore shares, in Sai Life Sciences Ltd via block deals. The proposed sale, valued at nearly ₹2,500 crore, has a floor price fixed at ₹860 per share, about a 5% discount to the company’s last closing price.
6 / 10UltraTech Cement, Ambuja Cements | The proposed GST rationalisation, which could reduce the tax rate on cement from 28% to 18%, could reshape the sector dynamics, particularly benefiting pan-India Category A players like UltraTech Cement and Ambuja Cements. Anil Singhvi, Executive Chairman of Shree Digvijay Cement, noted, “If it is brought down to 18%, would it spur demand? The answer is yes… prices, which are about ₹350, will come down to about ₹325 if the industry passes on the entire reduction in the GST.” Image source: Reuters
7 / 10Life Insurance Corporation of India | The SEBI has approved the reclassification of LIC as a public shareholder in IDBI Bank, following the government’s ongoing strategic divestment process. Sources tell CNBC-TV18 that LIC will continue with its bancassurance.
8 / 10RailTel | The Navratna PSU and one of the country’s largest neutral telecom infrastructure providers, expects steady growth in its telecom business while its project segment continues to expand faster.
9 / 10Muthoot Finance | The non-banking financial company (NBFC) has infused ₹200 crore into its wholly-owned housing finance unit, Muthoot Homefin (India) Ltd, to expand operations into more than 250 cities.
10 / 10Indusind Bank | Rajiv Anand has assumed charge as Managing Director and Chief Executive Officer of IndusInd Bank, effective Monday (August 25). His appointment, approved by the bank’s Board of Directors, is for a term of three years.
