Market & News

The Residential, Commercial Buildings & Factories (RCF) business vertical of L&T has secured a major order from a reputed client for a largescale housing redevelopment project in Mumbai. According to the company's project classification, the order is valued between Rs 5,000 crore to Rs 10,000 crore.

The scope includes the design and construction of 26 high-rise residential towers, each rising to 120 metres, on a turnkey basis. The project encompasses structural works, architectural finishes, and electromechanical services.

To meet the project's stringent delivery schedules, L&T will deploy its proven large-wall panel precast construction technology. Under this approach, building components will be manufactured in a state-of-the-art precast facility and assembled at the project site, enabling enhanced quality, productivity and speed.

The RCF business vertical of L&T possesses strong domain knowledge, proven expertise and extensive experience in delivering EPC solutions across segments such as, residential buildings, commercial spaces and factories, including automobiles, proving tracks, new energy facilities like solar panel and battery storage plants, paint and chemical plants, glass plants, food processing units and other complex industrial structures.

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 4 August 2026.

Texmaco Infrastructure & Holdings will hold a meeting of the Board of Directors of the Company on 3 August 2026.

Wipro announced an enhanced partnership with Databricks, the Data and AI company, to enable enterprises to modernize data foundations and accelerate AI adoption. As part of this partnership, Wipro has set up a self-contained Databricks business practice to drive industry solutions and accelerators to deliver business value through industry-specific offerings.

The enhanced partnership will help clients move from fragmented data foundations and isolated AI pilots to governed, enterprise-scale AI implementations. This will enable Wipro and Databricks to optimize existing data investments for shared clients while building new AI-led solutions tailored to industry needs. The collaboration will integrate Databricks' capabilities for agentic AI, data modernization, application development, and analytics with Wipro Intelligence™, the suite of AI powered platforms, solutions, and transformative offerings. The practice will help business users see the value faster, utilizing Databricks Genie, Databricks' AI coworker which helps both business users and technical professionals explore and interact with enterprise data using natural language. Leveraging Wipro's agent-native delivery platform WEGA, the practice will enable enterprises to transition from legacy systems to scalable, AI-ready data architectures.

Banco Products (India) will hold a meeting of the Board of Directors of the Company on 8 August 2026.

Shiva Texyarn will hold a meeting of the Board of Directors of the Company on 6 August 2026.

Hirect (Formerly known as Hind Rectifiers) has secured its maiden order for Mainline Electric Multiple Unit (MEMU) trainsets from MCF, marking a significant milestone in the Company's strategic evolution from a component manufacturer to a provider of integrated railway systems.

The development order, valued at approximately Rs 60 crore, involves the supply of complete Propulsion Systems for 4 MEMU trainsets, including Traction Transformers, Traction Motors, Complete Propulsion System with TCMS (Train Control and Management System). The order is expected to be executed over a period of 24 months.

Suryalata Spinning Mills announced that the 43th Annual General Meeting(AGM) of the company will be held on 24 August 2026.

Purity Flex Pack announced that the 38th Annual General Meeting(AGM) of the company will be held on 5 September 2026.

Keerthi Industries will hold a meeting of the Board of Directors of the Company on 14 August 2026.