Overview

• Swiggy approved transferring its Instamart quick-commerce operations and will divest stakes in Rapido, selling shares to MIH Investments for Rs 1,968 crore and to Setu AIF Trust for Rs 431 crore.
• Bajaj Electricals cleared a proposal to acquire the Morphy Richards brand and related IP for Rs 146 crore in India and neighbouring markets from Glen Electric, pending required approvals.
• Torrent Power agreed to buy a 49% stake in Newzone India and 100% of Newzone Power Projects for Rs 211 crore, giving it effective ownership of both entities.
• Torrent Pharmaceuticals received approval from the Competition Commission of South Africa to acquire a controlling stake in JB Chemicals & Pharmaceuticals from KKR.
• Infosys extended its collaboration with Switzerland’s Sunrise to advance IT transformation and AI initiatives, while HCLTech renewed and expanded a multi‑year deal with a major Swedish commercial‑vehicle manufacturer.