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Logistics operator Delhivery on Monday said it will deploy 150 high-performance electric vehicles (EVs) in collaboration with RIDEV across the North-East, Bengaluru, and Hyderabad over the next three months. Besides, a phased expansion is planned for major hubs, including Mumbai, Pune, Chennai, and Goa, aiming to eliminate tailpipe emissions and align with India’s PM E-DRIVE objectives for a cleaner transportation future, the company said.
Reliance Consumer Products, the FMCG arm of Reliance Industries, has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group. This partnership will expand RCPL’s global footprint by establishing its presence in one of Africa’s largest consumer markets, said a joint statement.
Drug firm Lupin on Monday said it has inked a licence and supply agreement with Spektus Pharma to commercialise the novel antidepressant DeslaFlex in Canada. The strategic partnership combines the company’s strong commercial footprint in Canada and Spektus’s capabilities in developing differentiated, novel formulations to successfully introduce DeslaFlex and establish a robust platform for future launches.
Tata Consultancy Services (TCS) and US-based AI computing provider AMD have expanded their strategic collaboration. TCS, through its subsidiary HyperVault AI Data Centre Ltd (HyperVault), and AMD will co-develop a rack-scale AI infrastructure design based on the AMD “Helios” platform to support India’s national AI initiatives. As part of this strategic collaboration, both companies will offer an AI-ready data centre blueprint supporting up to 200 MW of capacity and will work with hyperscalers and AI companies to accelerate data centre build-outs in India.
Cochin Shipyard informed the exchanges that it has emerged as the lowest bidder for the ₹5,000-crore Navy vessel contract, in a tender floated by the Defence Ministry to build five Next Generation Survey Vessels (NGSVs) for the Indian Navy.
Enzene Biosciences, subsidiary of Alkem Laboratories, said the United States Food and Drug Administration (USFDA) has completed a Pre-Approval Inspection (PAI) of its manufacturing facility in Chakan, Pune, on February 13. It has issued a Form 483 with six procedural observations. Enzene has achieved zero observations related to data integrity, a critical validation of Enzene’s quality systems and the reliability of regulatory filings. Enzene is currently preparing its response to the USFDA and has initiated corrective and preventive actions to address the observations.
Texmaco Rail & Engineering won two new orders worth ₹247 crore on February 16, for signalling equipment in Mumbai and OHE maintenance. The two contracts, one for ₹219.18 crore from Mumbai Railway Vikas Corporation for signalling equipment under MUTP-IIIA, and another for ₹27.67 crore from South Western Railway for OHE maintenance, highlights Texmaco Rail & Engineering’s active participation in expanding railway infrastructure.
REC has informed the stock exchanges about the incorporation of Vizag Power Transmission Ltd as a wholly-owned subsidiary of REC Power Development and Consultancy Ltd (RECPDCL), which itself is a wholly-owned subsidiary of REC Ltd. The company has been formed for developing the transmission system for proposed Green Hydrogen/ Green Ammonia projects in the Vizag area, Andhra Pradesh (Phase-I)
BLS E-Services Ltd announced it will acquire Atyati Technologies Pvt Ltd for ₹154 crore in an all-cash deal. The move aims to significantly expand BLS’s rural financial inclusion network to over 70,000 touchpoints.
Published on February 17, 2026
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