Asia Index, the benchmarks and market intelligence arm of BSE, on Thursday said that Trent and Bharat Electronics will replace Nestle India and IndusInd Bank in the 30-share Sensex. The changes will come into effect from the beginning of trading on June 23, BSE said in a statement. In the BSE 100 index, Dixon Technologies (India), Coforge, and Indus Towers will be added, while Bharat Forge, Dabur India, and Siemens Ltd will be dropped, the exchange said. In the BSE Sensex 50 index, InterGlobe Aviation and Shriram Finance will be included in place of Britannia Industries and Hero MotoCorp. In addition, Britannia Industries, Dixon Technologies (India), Coforge, Hero Motocorp and Indus Towers will be added to the BSE Sensex Next 50 index. Interglobe Aviation, Shriram Finance, Bharat Forge, Dabur India and Siemens will be dropped from the BSE Sensex Next 50. Also, IDFC First Bank is set to join the BSE Bankex benchmark, by replacing Canara Bank, it added.
In a major strategic move, Himadri Speciality Chemical, India’s largest speciality carbon black maker, on Thursday said its board has approved acquisition of 16.24 per cent stake in US-based lithium-ion cells maker International Battery Company (IBC) for a cash consideration of around ₹37.47 crore. In a stock exchange filing, Kolkata-based Himadri Speciality Chemical said this investment in IBC is “a significant milestone” for it, marking the start of the commercial deployment of its LFP Cathode active and anode materials..
Tata Steel has announced the completion of the phase-II expansion project at Kalinganagar in Odisha, taking its overall capacity to 26.1 million tonnes (MT). With the completion of the 5 million tonne expansion project undertaken at an investment of ₹27,000 crore, the capacity of the Kalinganagar plant stands at 8 MT from 3 MT earlier, the steelmaker said in a statement.
Three promoter entities and a public shareholder of TD Power Systems on Thursday sold a total of 1.15 crore shares or 7.4 per cent stake in the company for ₹530 crore through open market transactions. According to the BSE bulk deal data, Nikhil Kumar offloaded 45 lakh shares of TD Power Systems, Saphire Finman Services LLP sold 33 lakh shares and Hitoshi Matsuo disposed of 21 lakh shares, cumulatively a 6.33 per cent holding in the company. Apart from these three promoters, a public shareholder – Lavanya Sankaran – offloaded 16 lakh shares, amounting to a 1.02 per cent holding in TD Power Systems. The shares were disposed of in the price range of ₹460.09-463.28. After the latest transaction, the combined promoters and promoter group entities’ holding in TD Power Systems declined to 26.89 per cent from 33.22 per cent. Meanwhile, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio picked up additional 10.93 lakh shares of TD Power Systems and Blend Fund 2 acquired 13.04 lakh scrips, collectively 1.53 per cent stake in the company, as per the data on the exchange. Details of the other buyers of TD Power Systems shares could not be ascertained on the exchange.
The offer for sale by Andrew Yule & Co Ltd to offload up to 2 per cent of its equity stake in Veedol Corporation, amounting to 3.48 lakh equity shares, opens today for non-retail investors and on May 26 for retail investors. The floor price for the OFS has been fixed at ₹1,566 per share.
KEI Industries has acquired land admeasuring 74000 square meter from Rajasthan State Industrial Development & Investment Corporation (RIICO) at Khairthal-Tijara district, Rajasthan. The company has acquired the land for around ₹93.58 crore. The land will be used for future expansion.
State-owned NTPC Green Energy on Thursday said it has bagged a battery energy storage project in Kerala in an auction conducted by NHPC. The 80MW/320MWh battery energy storage project will provide power back-up or supply of 80MW for four hours. NTPC Green Energy Ltd (NGEL) emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025, a regulatory filing said.
The board of JK Lakshmi Cement has approved enterig into a Power Purchase Agreement and Share Purchase & Shareholders’ Agreement with the Special Purpose Vehicle under incorporation, for purchase of solar power under the applicable captive power laws. The company will acquire 26 per cent equity shareholding in the said SPV for ₹4 crore,
NHAI on Thursday said it has disallowed KNR Constructions Ltd from participating in ongoing and future bidding forthwith after the failure of the reinforced earth wall on Ramanattukara-Valanchery Section of NH-66 in Kerala. An incident of settlement of embankment and failure of RE Wall was reported on the Ramanattukara – Valanchery Section of NH-66 in Kerala on 19 May 2025, when the project was nearing completion. KNR Constructions Ltd was the concessionaire of the project.
Payment services provider Paytm on Thursday announced the appointment of Ramana Kumar as Chief Executive Officer for its West Asia business, effective immediately. Kumar will lead Paytm’s expansion and growth in the UAE and the broader West Asia, concentrating on building digital payment solutions tailored to the local market, a company statement said.
Reliance Infrastructure-promoted Reliance Defence and Dusseldorf based Rheinmetall AG have agreed on a strategic partnership in the field of ammunition, a statement by the company said. The collaboration between the companies will include supply of explosives and propellants for medium and large calibre ammunition to Rheinmetall by Reliance. They intend to engage in joint marketing activities for select products and aim to further extend their cooperation based on future opportunities.
Allcargo Logistics wholly-owned international subsidiary, ECU Worldwide, on Thursday said it has appointed Camilo Quintero as Vice-President for key account management for North America. In this role, Quintero will drive innovation, continued growth as he expands ECU Worldwide’s footprint across the region.
Firstsource Solutions has partnered with Sanas, provider of the world’s first real-time speech understanding platform, to enable next-level customer conversations powered by AI. Aligned with the company’s UnBPO philosophy, the integration of Sanas’ Real-Time Accent Translation technology marks a strategic leap in AI-first customer experience. This seamless, speech-to-speech solution eliminates accent and language barriers — enhancing clarity, reducing cognitive strain, and empowering agents to connect with global customers more confidently and effectively.
Results Calendar: JSW Steel, Ashok Leyland, Linde India, Balkrishna Inds, GE Ternova, Glenmark Pharma, Narayana Hrudayalaya, Aditya Birla Fashion, AIA Engg, Tinken India, Devyani Int, Afcons Infra, BEML, Cello World, Finolex Inds, Azad Engg, Reliance Infra, Anupam Rasayan, Gujarat Narmada Valley Fert & Chem, Ashoka Buildcon, Lux Inds, Apollo Micro, WPIL, Gopal Snacks, Camlin Fine Science, Prakash Inds, West Coast Paper, PSP Projects, Ramco Inds, TTK Healthcare, Tinna Rubber, Kernex Microsystem, Everest Kanto Cylinder, Dreamfolks Services, Uttam Sugar, Control Print, S Chand & Co, HCL Infosystems.
Published on May 23, 2025
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
