Article

Religare Enterprises Ltd will demurge its financial services and insurance arms into separate entities, issuing shares on a 1:1 basis to shareholders. Manappuram Finance Ltd has received approval from the Reserve Bank of India for a 41.66% stake acquisition by Bain Capital affiliates.

Ixigo is acquiring a 60% stake in Spain's Online Travel Solutions for €11.70 million, entering the European rail market. NCDEX has partnered with TCS for a 10-year equity market entry plan. HFCL won a $4.67 million export order.

NALCO signed an MoU with NLC India for a thermal power project. Hindustan Copper has received a ₹929.40 crore demand notice, which it disputes. RailTel has a ₹92.91 crore work order for an educational ICT lab.