Allied Blenders and Distillers has received a Statement of Claim from Balaji Shivdas Pawar seeking about ₹25.60 crore plus 18 per cent annual interest. The dispute relates to a Deed of Retirement cum Admission executed in December 2024 involving subsidiary Minakshi Agro Industries LLP. The company states the claims are unsustainable and plans to contest them with a counter claim. To address the matter, the company and Minakshi Agro Industries LLP have engaged legal counsel .Meanwhile, the company announced a change in its top management. Alok Gupta will step down as Managing Director & KMP on May 31, 2026, and Amar Sinha has been appointed as Managing Director-Designate & Senior Management Personnel from April 2, 2026. He will officially take over as Additional Director & Managing Director & KMP from June 1 for a three-year term ending May 31, 2029.

RailTel Corporation of India Ltd has received the Work Order from Uttar Pradesh Police Recruitment and Promotion Board. The size of the order as per the Work Order is ₹41.32 crore (excluding tax).

TVS Motor Company, part of TVS VENU, a global leader in the two- and three-wheeler segments, has announced TVS Paddock as its exclusive retail channel dedicated to the premium portfolio. This sets a new benchmark in customer-centric retail and ownership experiences. This strategic initiative marks a significant milestone in the company’s premium mobility journey, bringing together immersive brand engagement, personalised service, and exceptional after-sales support under one distinguished retail ecosystem.

Reliance Infrastructure has urged market regulator SEBI and stock exchanges NSE and BSE to review the Additional Surveillance Measure (ASM) framework linked to insolvency proceedings. The company cited concerns over its impact on liquidity, price discovery, and more than seven lakh retail shareholders. In a representation submitted to the regulators, the company said the current framework permitting trading only once a week within a narrow ±5 per cent price band results in mechanical and predictable price movements that do not adequately reflect business fundamentals or operational performance.

Le Travenues Technology (ixigo) has announced the acquisition of a 54.66 per cent stake in Brevistay Hospitality Private Limited for ₹65.69 crore. This move aims to strengthen ixigo’s hotels business by integrating Brevistay’s direct hotel contracting expertise and flexible-stay inventory with ixigo’s AI platform and large user base. This acquisition aligns with ixigo’s M&A strategy of augmenting capabilities and accelerating growth in strategic verticals .Le Travenues Technology has received approval for the investment of ₹7.50 crore in Ofintelligence Technologies (Proactai) for a 10.34 per cent stake, subject to completion of conditions precedent and authorisation for signing of definitive agreements. The Board of Directors of the company at its meeting held on June 05, 2026, has approved the same.

Creative Newtech Ltd, together with its consortium partner, has received an Advance Work Order (AWO) from Bharat Sanchar Nigam Ltd (BSNL), acting on behalf of Digital Bharat Nidhi, Department of Telecommunications, Government of India. With a total project value of approximately ₹3,194.83 crore, the order covers the design, supply, construction, installation, upgradation, operation, and maintenance of the BharatNet Middle Mile Network in the Odisha Telecom Circle.

Rathi Steel and Power Ltd has undertaken a trial run of the hot charging of mild steel billets to the TMT Bar Mill on Saturday. This technological milestone will be utilised to manufacture high-quality MS TMT rebars of Fe 550 / Fe 550D grades. The implementation of the hot charging process allows transfer of hot billets from the continuous casting machine to the rolling mill. This minimises reheating requirements, leading to significant savings in fuel consumption and reduction of scale loss.

KNR Constructions has announced that its joint venture, KNR-SIML (JV), has received a Letter of Acceptance (LoA) for extensive coal mining operations in Chhattisgarh. The contract is valued at ₹3,361.11 crore (excluding GST) and was awarded by South Eastern Coalfields Ltd. The joint venture is led by KNR Constructions Limited holding a majority 51 per cent stake, with Sushee Infra & Mining Ltd holding the remaining 49 per cent stake. The contract mandates the excavation, transportation, and disposal of a combined 258.15 million cubic metres (Mcum) of overburden material, maintaining a minimum required pace of 88,410 cubic metres per day (QPD).

Nibe Defence and Aerospace Limited, a subsidiary of Nibe Ltd, has been granted a licence for manufacturing and proof testing of firearms by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India. This is under the provisions of the Arms Act, 1959, Arms Rules, 2016, and notifications by the Ministry of Home Affairs issued thereunder from time to time for manufacturing and proof-testing of firearms/ammunition.

Admach Systems Ltd has received a purchase order from a domestic customer in the steel industry, valued at ₹1.65 crore (with GST), for the supply of the Main System & Automatic Calibration Station. The current order book stands at ₹76.25 crore (with GST).

Hindustan Construction Company Ltd (HCC) secured a contract worth ₹127 crore from Wangchhu Hydroelectric Power Limited (WHPL), Bhutan, for construction works related to the Wangchhu Hydroelectric Project. The scope of work includes construction of diversion tunnels, hydromechanical gates, and cofferdams. The contract is scheduled to be completed within nine months. The award follows WHPL’s technical and financial evaluation process and reflects HCC’s proven expertise in executing complex hydroelectric projects in challenging geographies.

Innovision Ltd has received a Letter of Award (LoA)/work order for engagement of user fee agency on the basis of competitive bidding for Belon Fee Plaza at Km 136.965 for two/four lane with paved shoulder Aligarh-Moradabad Section from Km 85.65 to 158.895 km on NH-93 (NH509) in Uttar Pradesh and upkeep/maintenance of adjacent toilet blocks including recouping the consumable items. The order size is ₹25.69 crore.

HEC Infra Projects has received a work order worth ₹44.87 crore from Powergrid Bikaner IV Transmission, a wholly owned subsidiary of Power Grid Corporation of India, for augmentation of transformation capacity at 400/220 kV Bikaner-IV S/S by 2x500 MVA, 400/220kV ICT along with associated bays and implementation of three 220 kV line bays. The order will be executed within 15 months.

Glenmark Pharmaceuticals Inc., US, has launched Lacosamide Injection USP, 200 mg/20 mL (10 mg/mL), Single-Dose Vials. Glenmark’s Lacosamide Injection USP is bioequivalent and therapeutically equivalent to the reference listed drug, Vimpat® Injection, 200 mg/20 mL (10 mg/mL), of UCB, Inc. According to IQVIA® sales data for the 12-month period ending April 2026, the Vimpat Injection market achieved annual sales of approximately $15.2 million.

Alembic Pharmaceuticals Ltd has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Haloperidol Tablets, USP, 1 mg, 2 mg, 5 mg, 10 mg, and 20 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Haldol Tablets, 1 mg, 2 mg, 5 mg, 10 mg, and 20 mg, of Ortho McNeil Pharmaceutical (Ortho McNeil). Haloperidol Tablets are indicated for use in the management of manifestations of psychotic disorders and the control of tics and vocal utterances of Tourette’s Disorder in children and adults. Refer to the label for detailed indications. Haloperidol Tablets, USP, 1 mg, 2 mg, 5 mg, 10 mg, and 20 mg, have an estimated market size of $27 million for twelve months ending March 2026 according to IQVIA.

Asian Energy Services has been empanelled by Oil India Ltd for acquisition of on-land 2D and 3D seismic data services across OIL’s onshore acreages in India. The empanelment is for a period of three years and covers multiple project categories, including large-scale seismic surveys. The empanelment positions the company as an eligible bidder for participation in OIL’s future tenders for seismic data acquisition services. Contract awards will be subject to separate tendering processes, evaluation criteria, and compliance with technical and commercial requirements specified by OIL from time to time.

United Drilling Tools Ltd has secured a new order from Shivganga Drillers Limited, a private sector company operating in the oil and gas industry. The order, valued at ₹16.61 lakh, is for the supply of different types of stabilisers, which are critical drilling components used to maintain wellbore stability and improve drilling efficiency in oil and gas exploration and production activities.

Jungle Camps India Ltd has received a Letter of Award (LoA) from Uttarakhand Tourism Development Board for the operation, maintenance, and management of a Tourist Rest House at Devprayag, Tehri Garhwal, Uttarakhand.

Published on June 8, 2026