The Competition Commission on Wednesday ordered a detailed probe against IndiGo for unfair business practices, nearly two months after the country’s largest airline canceled thousands of flights due to operational issues, causing hardship to passengers. After taking into consideration data related to airlines and those provided by the aviation regulator DGCA, the Competition Commission of India (CCI) has prima facie concluded that IndiGo has abused its dominant position.
BEML has signed a tripartite agreement with the Indian Institute of Science (IISc) and the Foundation for Science, Innovation and Development to undertake research and development in critical areas, including aerospace and defence. The entities will also conduct joint research and development (R&D) in rail and metro systems, mining and construction equipment, maritime technologies, next-generation mobility, green technologies, and advanced manufacturing, BEML said in a statement.
Marico on Wednesday said it will acquire a 60 per cent stake in Cosmix Wellness at an equity valuation of ₹375 crore. It has signed definitive agreements to acquire a stake in the company, which owns Cosmix, a digital-first wellness brand, according to a statement by the company.
Angel One Ltd reported blockbuster January 2026 business metrics, with aggregate orders reaching 146.67 million (+16.4% YoY) and average daily orders hitting 7.33 million (+33.9% YoY) – a 15-month high despite 9.1% fewer trading days. Client Base: **36.39 Mn** (+20.8% YoY, +1.9% MoM); Gross Client Acquisition: 0.74 Mn (+12.6% YoY); Avg Client Funding Book: **₹61.18 Bn** (+45.7% YoY); and Unique MF SIPs Registered: **868,820** (+13.5% YoY).
Newgen Software Technologies LLC, Dubai-based subsidiary of Newgen Software Technologieshas executed an agreement with a large Government Organization based in UAE, for Newgen Software licenses, Implementation and support services. The aggregate value of the agreement is 5,309,103 United Arab Emirates Dirham excluding value added tax. The said order is expected to be completed in 3 years.
NIIT Learning Systems Ltd has announced a strategic partnership with Abodoo, a skills intelligence and orchestration company. Abodoo provides a live, interoperable skills layer across learning, workforce, and talent systems, powered by its proprietary SkillsAI engine and ontology of more than 55,000 skills. The platform enables organizations to establish a common skills language, identify current and future capability gaps, and make data-driven workforce decisions in real time.
The board of Coal India has approved setting up an intermediate holding company in Chile to pursue critical minerals opportunities, including lithium and copper as both countries move closer to finalizing a free trade agreement. Commerce and Industry Minister Piyush Goyal had recently said negotiations between India and Chile for an FTA would be concluded soon and the pact would provide greater access to critical minerals for domestic businesses.
Greenply Industries has received approval for further investment of up to ₹125 crore in one or more tranches in Equity Shares of the company’s wholly-owned subsidiary i.e. Greenply Specialty Panels (GSPPL) for proposed expansion of manufacturing capacity of MDF plant of GSPPL situated at Vadodara, Gujarat. After the above transactions, Greenply Industries will continue to hold 100% shareholdings in GSPPL. The acquisition of Equity Shares will be made during FY 2025-26 to FY 2027-28, in one or more tranches
Hinduja group flagship Ashok Leyland on Wednesday said it has inked a pact with Indonesia’s state-owned defense and industrial equipment manufacturer PT Pindad to jointly develop electric buses and defense vehicles. The memorandum of understanding outlines a strategic collaboration for the joint development and manufacturing of electric buses and defense vehicles tailored for Indonesia’s growing mobility and national security requirements, the Chennai-headquartered firm said in a statement.
Royal Orchid Hotels (ROHL) informed the exchanges that it has executed an agreement for the sale of its subsidiary, Multi Hotels, to Greenleaf Properties, a Tanzania-based company on January 29 for $3,412,500. The buyer, Greenleaf Properties Ltd, is a company registered in Tanzania and does not belong to the promoter/promoter group/group companies of the Royal Orchid Hotels Ltd. The divestment is in line with ROHL’s strategic focus on optimizing its portfolio, strengthening its balance sheet, and sharpening its emphasis on core hospitality operations across key markets. Multi Hotels had not commenced commercial operations, and the sale allows the company to unlock value while reallocating resources toward higher-growth opportunities.
Published on February 5, 2026