Results calendar: AnandRathi, AngelOne, Delta orp, HCLTech, Himadri Speciality Chemicals, Marathon NextGen Realty, Narmada Macplast drip irrigation systems Ltd.

The legal battle between Infosys and Cognizant took a new turn with the former filing a case against what it called the latter’s anti-competitive scheme to achieve, maintain and enhance dominance in both the healthcare payor software market and the related IT services market for that software. This is in violation of Sections 1 and 2 of the Sherman Act as well as the Texas Free Enterprise Antitrust Act, says a counterclaim filed by Infosys in the US district court for the Northern District of Texas Dallas division. businessline has a copy of the 50-page counterclaim, which comes after Cognizant’s subsidiary TriZetto alleged that Infosys had stolen trade secrets related to its healthcare insurance software. The Bengaluru-based software firm refuted this.

SignatureGlobal has bought 16.12 acres of land in Gurugram for nearly ₹300 crore to develop a housing project, as it remains bullish on demand for mid-income and premium residential properties, said a PTI report. The land is located on Sector 71, Southern Peripheral Road, Gurugram, Haryana. “We have purchased a 16-acre land parcel in Gurugram for development of a premium housing project,” Signature Global Chairman Pradeep Kumar Aggarwal told PTI.

Macrotech Developers has acquired a nearly 20-acre land parcel in Bengaluru for development of a housing project worth ₹2,800 crore, as part of its expansion plan. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners for joint development. Of the total, nearly 20 acres was acquired in Bengaluru, the company has outright purchased some portion of land, while entering into a joint development agreement with the landowner for the remaining part, a PTI report quoting sources said.

Godrej Properties has purchased a 24-acre land parcel in Indore for around ₹200 crore to develop housing plots as part of its strategy to expand business amid strong demand for residential properties. Godrej Properties, one of the leading real estate developers in the country, focuses on the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru markets for group housing projects. For residential plotted development projects, the company has been buying land in tier II-III cities.

In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal NCLAT has sanctioned the scheme of amalgamation to merge both the real estate firms after setting aside the NCLT order stalling the process. “We set aside the impugned order of NCLT, Chandigarh and allow the prayer to sanction the scheme of amalgamation between the appellants (Indiabulls Real Estate, Embassy one & NAM Estates),” said a two-member NCLAT bench. IBREL, a transferee company along with two transferor companies – NAM Estates and Embassy One Commercial Property Developments (EOCPDPL) – had approached the NCLT for approval of the scheme of amalgamation.

The Indian Gas Exchange (IGX), subsidiary of Indian Energy Exchange, has sought regulatory approvals to launch 3-6 month gas contracts benchmarked to international gas prices, its chief executive Rajesh Kumar Mediratta said. IGX currently allows gas suppliers to sell fuel on the exchange for durations ranging from daily, weekly, fortnightly and monthly. It also offers intraday trading at a fixed price. Mediratta said the exchange has applied to the regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), for permission to launch three-month and six-month delivery contracts indexed to gas benchmarks such as FIXI and Platts JKM, WIM and Dated Brent.

Avenue Supermarts, which owns and operates the retail chain D-Mart, has announced a top-level management reshuffle with the appointment of Unilever’s Anshul Asawa as its CEO Designate. Asawa currently serves as Country Head of Unilever in Thailand and General Manager for the Home Care business unit in Greater Asia. The incumbent Managing Director and CEO Neville Noronham, whose current term is ending in January 2026 – a year from now, will not be offering his candidature for renewal of his role, according to a statement from Avenue Supermarts.

State-owned NLC India Ltd on Saturday said its renewables arm has entered into a joint venture pact with Assam Power Distribution Company Ltd (APDCL) to develop 1000 MW solar power projects in Assam. The pact has been signed between NLC India Renewables Ltd (NIRL) and APDCL, a company statement said. While NIRL will have 51 per cent stake in the JV, APDCL will have 49 per cent.

Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm, informed NCLAT on Thursday about the rejection of the settlement proposal.

Hindustan Unilever has incorporated a new subsidiary Kwality Wall’s for the proposed demerger of its ice cream business. Kwality Wall’s (India) Ltd (KWIL) has been incorporated “for the purpose of the proposed demerger of the company’s ice cream business, which is currently under evaluation by the board,” the FMCG major said in a regulatory filing.

JSW Paints of JSW Group is exploring both organic and inorganic growth options to expand its business. It will examine paint-maker Akzo Nobel’s process, in which the Dutch parent company is conducting a strategic review of its portfolio in South Asia, indicating a possible divestment of its decorative business. “As a group, we are open to exploring opportunities for inorganic growth. Akzo Nobel has announced a process, and we will certainly look into it,” the Joint Managing Director and CEO of JSW Paints, Sundaresan A S, said on the sidelines of the Indian Paint Association’s conference. He added that any potential acquisitions must offer synergies.

Waaree Energies has signed a share purchase agreement to acquire the entire equity stake in Enel Green Power India Pvt (EGPIPL) for up to ₹792 crore. The seller is one of Europe’s largest renewable energy companies, and the EGPIPL is its Indian business, a regulatory filing stated. Waaree Energies Ltd entered into a Share Purchase Agreement (SPA) with Enel Green Power Development S.r.l (Seller) on January 10 to acquire 100 per cent of the share capital of EGPIPL for up to ₹792 crore, subject to customary closing adjustments, according to the filing.

Sona BLW Precision Forgings has entered into a pact with TIHAN-IIT Hyderabad for connected autonomous and electric technologies for drones, automated guidance vehicles and electric vertical take-off and landing (EVTOLs). The memorandum of understanding signed during the ongoing Consumer Electronics Show in Las Vegas, US, will enable the company and NMICPS Technology Innovation Hub on Autonomous Navigation Foundation at IIT Hyderabad to cooperate, synergise strengths and support each other in these technologies, Sona BLW Precision Forgings (Sona Comstar) said.

Adani Wilmar will remain in focus as the offer-for-sale by Adani Commodities opens for retail investors today. On Friday, the company sold ₹4,850-crore shares through the OFS that was opened for institutional investors. The transaction saw massive demand from a diverse set of marquee international and domestic institutions, the company said in the release

Indian Overseas Bank has  invited Expressions of Interest (EOIs) from Asset Reconstruction Companies (ARCs) for the sale of 46 Non-Performing Assets (NPAs) amounting to ₹11,500 crore. This e-auction will be conducted on January 30, 2025, under an open auction method, allowing bidding on a portfolio, individual accounts, or groups of accounts.

The US drug regulator USFDA has classified Biocon Biologics’ site in Johor, Malaysia, as Voluntary Action Indicated (VAI). cGMP inspection conducted between September 15-27, 2024. The inspection scope had included several biologics manufacturing units comprising one Drug Substance and one Drug Product manufacturing units, one Medical Device Assembly unit, one Analytical Quality Control Laboratory, two Microbiological Control Laboratories and two Warehouses.

Interarch Building Products has secured two orders worth ₹221 crore revolutionary semiicondduuccttor & litthhiiuum-ion battery Secctor from Tata Projects,