The board of Religare Enterprises Ltd (REL) has approved a plan to demerge its financial services and insurance businesses into two separately listed entities, in a move aimed at unlocking shareholder value and sharpening strategic focus. REL will retain its stake in Care Health Insurance Ltd, which will continue as an insurance-focused entity. As part of the demerger consideration, RFL will issue fully paid-up equity shares to REL shareholders on a 1:1 mirror basis. Post-demerger, RFL will be listed on the BSE and NSE.
Manappuram Finance Ltd has received final approval from the Reserve Bank of India for the proposed acquisition of joint control and shareholding of up to 41.66 per cent of the company’s paid-up equity capital/ convertible instruments by affiliates of Bain Capital, namely BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd.
The board of ixigo has approved the execution of binding agreements for the acquisition of a 60 per cent stake in Spain’s second-largest train booking platform Online Travel Solutions, for 11.70 million euro (over Rs 125 crore). The acquisition of Trenes paves the way for ixigo’s strategic entry into Europe, widely regarded as the global benchmark for rail travel. “This investment is expected to create meaningful synergies by bringing together Trenes’ strong customer base, brand presence, and local operator integrations with ixigo’s AI-led product innovation and technological expertise in solving complex travel use cases at scale.
The National Commodity and Derivatives Exchange (NCDEX) on Friday announced a long-term strategic partnership with Tata Consultancy Services (TCS) to support its planned entry into the equity and equity derivatives markets. The exchange selected TCS following a comprehensive four-month evaluation process of global solution providers. The engagement covers the deployment of the equity and equity derivatives platform and is licensed for a 10-year period after going live.
HFCL Ltd has secured an export order worth $4.67 million (equivalent to Rs 42.34 crore), for the supply of optical fiber cables from an international customer.
National Aluminum Company Ltd (NALCO), a Navratna central public sector enterprise, has signed a memorandum of understanding (MoU) with NLC India Ltd (NLCIL) for strengthening collaboration on the 1080-MW thermal captive power project and renewable energy development.
Hindustan Copper has received a demand notice of ₹929.40 crore from the District Mining Officer in East Singhbhum, Jharkhand. The company has denied the allegations and said it is taking legal actions. The impact on financials, operations or other activities of the company will be limited to the extent of the final order, Hindustan Copper said.
RailTel Corporation of India has received a work order worth about ₹92.91 crore from the Directorate Of Education Gntcd for design, installation, and maintenance of an ICT-based Educational Lab/ Centre. The said order is expected to be completed by February 11, 2028.
The board of UVS Hospitality and Services Ltd (formerly Thirdwave Financial Intermediaries Ltd) has approved the acquisition of up to 51% stake in Calcio Restaurants Pvt Ltd through a share swap, alongside fresh capital raises via preferential equity issuance and convertible warrants, signaling a diversification into the hospitality and restaurant business.
The board of Halder Venture has approved an acquisition of 52 per cent equity shares of InQube Technologies for ₹30.16 crore and entered into a term sheet agreement. The company is engaged in the agricultural sector and proposes to diversify into agri-technology through the acquisition.
Centum Electronics Ltdan Electronics System Design & Manufacturing (ESDM) company serving the aerospace, defense, industrial and medical sectors, today announced a set of decisive strategic actions to sharpen its focus on high-growth, high-reliability electronics opportunities and further strengthen its financial foundation. As part of an ongoing portfolio optimisation, the company is streamlining its global footprint by exiting loss-making overseas operations and redeploying capital, management bandwidth and technical capabilities toward its rapidly growing core businesses.
Earkart has received an order worth ₹4.12 crore through the Government e-Marketplace (GeM) from Artificial Limbs Manufacturing Corporation of India (ALIMCO) for supply of BTE Hearing Aid. The order is expected to contribute positively to the company’s revenue during the contract period.
Published on February 16, 2026