Tech Mahindra has entered into a partnership with CS Tech AI to jointly deliver next-generation geospatial, AI-driven, and digital-twin solutions for enterprises and public-sector organisations across global markets. The joint offerings are designed to help organisations improve operational efficiency, enable predictive maintenance, reduce downtime, and modernise legacy systems. The tie-up is to build integrated, data-driven platforms that enhance infrastructure planning, execution, monitoring, regulatory compliance, and long-term asset management. The partnership also includes plans to jointly pursue international (excluding India) growth opportunities, with a focus on markets where governments and enterprises are accelerating investments in Digital Public Infrastructure (DPI), smart mobility, utilities, and grid modernisation.
HCLTech, a leading global technology company, has been selected by The Guardian Life Insurance Company of America (Guardian) to accelerate Guardian’s AI-driven technology transformation journey and deliver a seamless customer experience.
PCBL Chemical Ltd has announced that its wholly owned subsidiary, PCBL (TN) Ltd, has commenced commercial production on Line-4 at its plant, adding 60,000 metric tonnes per annum of carbon black capacity as part of a brownfield expansion. This capacity addition, on top of an existing 147,000 tap with 87 per cent utilisation, is aimed at meeting rising market requirements and should strengthen the company’s ability to serve growing demand, enhance operational scale, and potentially improve its competitive position in the carbon black market.
The Enforcement Directorate said on Wednesday (January 28, 2026) that it has provisionally attached properties worth ₹1,885 crore linked to the Reliance Anil Ambani Group, including bank balance, receivables, shareholding in “unqouted investments” and immovable assets. The fresh attachments, through four separate orders, have been made in the cases allegedly involving Reliance Home Finance Limited, Reliance Commercial Finance Limited, Yes Bank, and Reliance Communication Limited. “Attached properties are in the form of shareholding of Reliance Infrastructure Limited in BSES Yamuna Power Limited, BSES Rajdhani Power Limited, and Mumbai Metro One Private Limited. A further, ₹148 crore in bank balances and receivables worth ₹143 crore have been provisionally attached in the hands of Value Corp Finance and Securities Limited… a residential house in the name of Angarai Sethuraman, and movable property in the form of shares/mutual funds, in the name of Puneet Garg, both senior employees of Reliance Group, have been provisionally attached,” said the agency.
Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has incorporated Thermax Energy Solutions Company in Saudi Arabia. The newly incorporated entity will focus on providing comprehensive support services to its parent organisation, including on-site service and maintenance operations, supervision-related services and marketing support to the parent entity.
Godrej Industries has further invested in its wholly owned subsidiary, Godrej Investment Ltd, by divesting and transferring its entire stake in Godrej Capital Ltd. Following this, Godrej Capital has become a step-down subsidiary, while Godrej Investment Ltd has become its immediate parent. The restructuring consolidates the group’s financial services interests under a dedicated investment subsidiary, potentially streamlining governance, improving capital allocation, and providing a clearer corporate structure for stakeholders while Godrej Investment Limited remains fully owned by the listed parent.
Arvind Ltd said that its Arvind PD Composites Private Limited, its existing step-down subsidiary, has incorporated a wholly owned company, Arvind PD International FZ-LLC, in the UAE. The new subsidiary will operate in the fibreglass products manufacturing sector. The primary business objectives include the manufacturing and processing of fibreglass products and related industrial products.
Stallion India Fluorochemicals has announced a strategic technology partnership with Portugal-based Sys Advance for advanced Helium Recovery and Liquefaction Systems. The collaboration formalises the company’s position as a provider of high-precision industrial, space, and defence applications. The technology tie-up provides Stallion access to Sy’s Advance’s proven containerised Helium Recovery Systems technology, which has been qualified by European Space Agencies for space and high-end cryogenic applications.
Rudra Gas Enterprise has secured two tenders worth around Rs 24.73 crore, including GST, from Bengal Gas Company (a JV Company of GAIL & GCGSCL) for steel pipeline laying works under Kolkata Gas (Phase-IV) on an Arc Basis for 2 years. It has secured another tender for laying, testing, and commissioning of an underground steel pipeline, along with associated works, for the North 24 Parganas and South 24 Parganas Districts (Part-A) and Kolkata Municipal Areas on an Arc Basis for 2 years.
Sangam (India) has announced a strategic acquisition of a 49 per cent equity stake in Clean Max Kenai Private Ltd for about Rs 24 crore, to augment captive renewable energy capacity for Sangam’s Rajasthan-based manufacturing plants.
The board of GPT Infraprojects approved the acquisition of 100% stake in Alcon Builders and Engineers Private Limited for a cash consideration of ₹154.19 crore. This acquisition represents GPT’s entry into the high-margin railway signalling EPC segment, complementing the company’s existing four-decade relationship with Indian Railways.
Published on January 29, 2026
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