BSE, MSCI pact; LIC gets RBI nod for up to 9.99% HDFC Bank stake

BSE Ltd has inked an agreement with MSCI covering a range of the index provider's benchmarks. BSE plans to launch futures and options contracts tied to those indexes in India, pending regulatory clearance, according to a stock-exchange filing.

Life Insurance Corp has received the Reserve Bank of India's approval to raise its stake in HDFC Bank to as much as 9.99%. The insurer currently holds 4.11% of the lender's shares.

The board of Aditya Infotech, the company behind CP Plus surveillance cameras, has signed off on an equity raise of up to ₹1,500 crore. The funds will go toward ongoing expansion and balance-sheet strengthening. Aditya Infotech said the raise may take any permissible form, including a public issue or a Qualified Institutional Placement, subject to shareholder and regulatory approvals.

Titagarh Rail Systems has been added to the Approved Vendor category of Indian Railways for a 3-phase asynchronous traction motor, with a permitted capacity of 1,200 units per year. The approval, effective Aug. 19, lets the company bid for traction-motor procurement contracts.

Gravita India, a global recycling company, plans to add 59,200 tonnes per annum of copper recycling capacity at its Mundra facility in Gujarat. The new line will process copper-bearing recyclable materials and serve as backward integration for the company's proposed Mandvi plant. Commissioning is scheduled in phases by March 31, 2029.

Ramco Systems' U.S. subsidiary said Pem-Air, an FAA- and EASA-certified engine MRO services provider, has selected its aviation software to power its operations. Pem-Air has been adding support for larger engine platforms such as the GE90 and Trent 700, as well as CFM LEAP next-generation engines.

HEG Ltd said the National Company Law Tribunal in Indore has approved its Composite Scheme of Arrangement involving HEG, HEG Graphite Ltd and Bhilwara Energy Ltd. The restructuring will create two independent listed companies with separate strategic mandates and capital structures. One will house the cash-generative graphite electrode business; the other will focus on advanced materials, battery energy solutions and renewable energy.

Strides Pharma Science said its Bengaluru manufacturing facility has received an Establishment Inspection Report from the U.S. Food and Drug Administration, closing the inspection conducted May 12-20. The probe had ended with a Form 483 containing five observations. Strides said it submitted a comprehensive response within the required timeline.

Ceigall India, through joint ventures, has secured five Letters of Acceptance from the Ministry of Road Transport & Highways for road construction on NH-913 in Arunachal Pradesh. The combined bid cost is ₹2,423.70 crore. One package, valued at ₹274.08 crore, covers a 37.6 km stretch of the Bile-Migging section. Ceigall holds a 70% stake in the JV with Rajinder Infrastructure. The project has a 48-month construction period plus a five-year maintenance window.

Dr Lal PathLabs said its Dubai-based subsidiary incorporated a new company in Tashkent, Uzbekistan, on Aug. 19. The subsidiary will subscribe to 70% of the equity.

Quint Digital's Rights Issue Committee approved the letter of offer for a proposed issue of up to 82,61,402 partly paid-up 10% non-cumulative compulsorily convertible preference shares and an equal number of detachable warrants, aggregating ₹90.88 crore.

NIS Management secured two work orders from the Bihar Building Construction Department worth a combined ₹34.22 crore for housekeeping, operation and maintenance services.

EMS Ltd was named lowest bidder for a water supply project by the Rajasthan Public Health Engineering Department under the AMRUT 2.0 scheme, with a contract value of about ₹190.86 crore including GST.

Mukand Ltd received ₹59.29 crore from AGP DC Infra Private Ltd as the second tranche of consideration for the sale of its land in Kalwa, Thane.

Autoline Industries won a new business award from Tata Motors Passenger Vehicles to supply four components for hatchback applications. The business is expected to generate annual revenue of about ₹80 crore, plus roughly ₹30 crore in one-time tooling revenue.

Cellecor Gadgets said its overseas step-down subsidiary has signed preliminary heads of terms for a manufacturing facility in Buchanan, Liberia, its first production footprint outside India.