Jio Financial Services Ltd (JFSL) on Thursday said it has infused Rs 2,000 crore into its subsidiary, Jio Credit Ltd, to fund its business growth. The company has subscribed to and been allotted 3,35,71,923 equity shares of Rs 10 each of Jio Credit Ltd, a wholly owned subsidiary (non-banking financial company), for cash at a premium of Rs 585.70 per equity share, aggregating to Rs 1,999.88 crore, JFSL said in a statement. JCL will utilise the amount to fund its business operations, it said.
IT companies
HCLTech, a leading global technology company, and the Indian Institute of Technology (IIT) Kanpur have signed a Memorandum of Understanding (MoU) to jointly convert cutting‑edge research into real‑world pilots and scalable solutions for Global Capability Centers (GCCs).
NYSE-listed Vertiv, a provider of critical digital infrastructure, on Thursday announced a collaboration with Netweb Technologies India, a high-end computing solutions provider, to jointly engineer and validate Netweb’s in-house designed GPU compute platforms with Vertiv’s integrated AI data centre solutions. The collaboration will enable customers to address the rapidly rising power demands of AI workloads and the extreme thermal densities driven by high-performance accelerators. The validated rack-scale solutions will enable higher rack densities, faster deployment, and reliable performance for the most demanding AI training and inference environments, according to a release.
Hindalco Industries has informed the exchanges that its proposed acquisition of Aluchem Companies faces a temporary regulatory setback due to the ongoing US government shutdown. The Committee on Foreign Investment in the United States cannot proceed with the mandatory regulatory review while government operations remain suspended, effectively putting both the review and the deal on hold until normal operations resume.
Realty firm Brigade Group has tied up with Primus Senior Living to develop three housing projects in South India for elderly people with an estimated revenue of Rs 750 crore. In a regulatory filing on Thursday, Brigade Enterprises said it has partnered with Primus Senior Living, an expert, to launch three senior living communities across Bengaluru and other geographies in South India. The upcoming projects are expected to generate an estimated revenue of about Rs 750 crore, it added.
Energy, power-related companies
Quality Power Electrical Equipment has secured multiple purchase orders for the supply of 800-kV coil products. The gross value of the orders is around Rs 146 crore (Including Taxes). The orders are to be executed within 18 months.
Saatvik Green Energy has secured an order worth Rs 87 crore for the supply of solar photovoltaic modules. The order has been secured from an independent power producer, the company said. In a statement, Saatvik Green Energy said it has received an order aggregating to Rs 87.10 crore from the concerned party for the supply of solar photovoltaic (PV) modules.
Greaves Electric Mobility (GEM), the electric mobility business of Greaves Cotton Limited (GCL), has announced its international expansion in Nepal as part of its strategic growth journey in partnership with STC Auto Solution Private Limited. As part of this expansion, the company is launching its flagship product, Ampere Nexus, India’s first E2W recognized by Asia Book of Records for conquering 70 hairpin bends of Kolli Hills – considered one of South India’s challenging routes, making it a suitable offering to the evolving two-wheel demand of our customers in Nepal while addressing the dynamic terrain, climatic and driving conditions of Nepal.
These PSUs are in focus
GAIL (India) has conducted the groundbreaking ceremony for its upcoming R&D Centre at Sohna, Haryana. Spread over 30 acres, the upcoming facility is aimed at strengthening GAIL’s technological capabilities across its core natural gas business and emerging clean energy segments, the company said in a statement. The centre will be developed over 85,000 square metres and will house seven key research verticals, including natural gas pipeline integrity and asset management, natural gas applications and NG/CO₂ valorisation, petrochemicals and polymers, renewables, biotechnology, nanotechnology, and advanced analytical sciences.
Bharat Petroleum Corporation Ltd (BPCL) has announced the incorporation of a wholly owned subsidiary in Singapore as part of its strategy to strengthen its presence in global energy markets. The newly formed entity, Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd., was incorporated on February 26, 2026. The move has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
NTPC Limited has signed two Memorandums of Understanding (MoUs) with Gujarat Mineral Development Corporation Limited (GMDC) to explore strategic collaboration in the utilisation of coal and lignite resources. While the first MoU focuses on establishing a partnership for the utilisation of coal from GMDC’s coal blocks, the second aims to explore opportunities in coal and lignite gasification along with downstream commercialisation.
Published on February 27, 2026