Yes Bank | The bank’s Nomination and Remuneration Committee (NRC) has decided not to extend the tenure of Rajan Pental, Global Head of Retail Banking, sources told CNBC-TV18. Pental, who joined the bank in 2015 and became Executive Director in 2023, is expected to exit when his term ends in February 2026.
Tata Power | The company said it has received a LoI from REC Power Development and Consultancy to acquire and develop Jejuri Hinjewadi Power Transmission Ltd, a project-specific SPV. The company will operate the transmission assets for 35 years and earn annual charges of ₹155.78 crore.
Vedanta Ltd | The company has been declared the successful bidder for the Genjana nickel, chromium and PGE block under Critical Mineral Auctions Tranche III. The company received the confirmation letter on December 10, 2025, after completing all statutory requirements. The acquisition strengthens Vedanta’s critical minerals portfolio and boosts its presence in high-demand industrial metals.
Tata Steel | The company management said engineering work has begun for Phase 1 of the Neelachal Ispat (NINL) expansion, which is expected to see the largest capex under its India capacity addition plan. The company added that its 50.01% stake purchase in Thriveni Pellets was done at near book value. The NINL expansion is expected to take 3–4 years after board approval.
Firstsource Solutions | The company acquires Pastdue Credit Solutions for £22 million, expanding its UK debt-collection services and financial offerings.
Piramal Pharma Ltd | The pharma company received a US FDA Form 483 with four observations at its Lexington facility, expected as VAI. The company will respond and aims to uphold quality and compliance.
RRP Defense Ltd | The company has partnered with Israel’s Meprolight Ltd to bring next-generation electro-optics and weapon-sight technologies to India. The collaboration will focus on joint distribution, assembly, technology integration, and future localisation of Meprolight’s products. The companies aim to serve military and law-enforcement agencies while supporting Make in India and Atmanirbhar Bharat.
Kansai Nerolac Paints | The company has approved the sale of its entire 60% stake in its Sri Lankan subsidiary, Kansai Paints Lanka (Private) Ltd, the company said in an exchange filing on December 11. The stake will be sold to Sri Lanka–based Atire (Private) Ltd. The company will execute a formal agreement to complete the transaction.
Rama Steel Tubes Ltd | The company and RST International Trading FZE to acquire 100% of UAE-based Automech Group for AED 296 million, expanding into new markets.
Astra Microwave Products Ltd | The company said it has secured a ₹171.38 crore order from the India Meteorological Department (IMD) to supply six Klystron-based S-band polarimetric Doppler weather radars, along with supporting systems and long-term maintenance.
Infosys | The company has completed its buyback and extinguished 10 crore equity shares through the tender offer route.
Cyient Ltd | The company announced the acquisition of Abu Dhabi and Gulf Computer Est (ADGCE) to expand its Middle East presence. The move strengthens Cyient’s capabilities in energy, utilities, transportation and connectivity, adding digital transformation, IoT-led solutions and data-driven asset management expertise.
NBCC (India) Ltd | The company has secured project management consultancy work orders worth ₹289.39 crore, the company informed exchanges on December 11. This includes a ₹255.50-crore contract from NALCO for planning, designing and executing civil, electrical, water supply, horticulture and other construction and repair works, along with dismantling and development activities across NALCO offices and townships.
Honasa Consumer Ltd | The company said it will acquire a 95% stake in BTM Ventures Pvt Ltd, the parent of men’s grooming brand Reginald Men, for an enterprise value of ₹195 crore. The remaining 5% will be bought after 12 months based on agreed valuation terms

