Why TCS, CUB, Marico, GRSE, Shree Refrigerations, HAL, Ceigall, Godrej Agrovet, Axiscades, Anant Raj, UVS Hospitality to remain active in today’s trade

TCS partners with Redzone to modernise mid-market manufacturing, City Union Bank names R Vijay Anandh as MD, Marico SEA buys Skinetiq, while GRSE, Shree Refrigerations, Ceigall, Axiscades, and Submer announce key strategic wins. | Photo Credit:

Redzone, a company in manufacturing and supply chains, has announced a strategic partnership with Tata Consultancy Services (TCS). Together, they will help mid-market manufacturers modernise operations faster, scale execution with confidence, and unlock the full value of AI without the excessive cost, disruption, time and staffing associated with traditional ERP programs.

City Union Bank has said that the Reserve Bank of India (RBI) had approved the appointment of R Vijay Anandh, currently the Executive Director (ED) at the private bank, as the next Managing Director & CEO. Anandh holds over 28 years of experience in banking, risk management, Portfolio Analysis, Credit Appraisals, and other retail banking segments. Prior to his appointment at City Union Bank, he served as the Business and Collections Head for Retail Asset products at RBL Bank, working closely with the ED & the MD there.

Marico South East Asia Corporation (MSEA), a wholly owned subsidiary of Marico Ltd, has announced that its subsidiary has entered into an agreement to acquire a majority stake in a Vietnam-based skin care company, Skinetiq, according to an exchange filing. Under the agreement, MSEA will acquire a 75% stake in Skinetiq for about ₹261.6 crore (or 750 billion Vietnamese Dong) in two tranches.

Garden Reach Shipbuilders & Engineers (GRSE) Ltd and Hindustan Shipyard Limited (HSL) have signed a Memorandum of Understanding (MoU) to form a consortium aimed at undertaking a large-scale, strategically significant national shipbuilding programme. The partnership envisages the construction of advanced maritime platforms and is expected to enhance the country’s maritime infrastructure, technological self-reliance, and long-term operational capabilities.

Shree Refrigerations Limited (SRL) has secured multiple fresh orders worth more than Rs 40 Crore in the last 2 months, from the Indian Navy, reinforcing its strong position in the defence segment. These orders predominantly pertain to retrofitting/upgrading existing equipment with newer, higher-performance equipment and replenishing spare parts for earlier-installed equipment. With the addition of these orders, SRL’s total closing order book is now more than ₹320 crore (excluding GST), providing strong medium-term revenue visibility and supporting sustained business growth.

The board of UVS Hospitality and Services Ltd, formerly known as Thirdwave Financial Intermediaries Ltd, will meet on February 14 to consider a comprehensive capital raising plan and the strategic acquisition of Calcio Restaurants Private Ltd. Following the execution of a term sheet in late 2025, the Board will now formally deliberate on the acquisition of Calcio Restaurants Private Limited. The transaction is proposed via a Share Swap arrangement, where equity shares of UVS Hospitality will be issued to Calcio’s shareholders.

Ceigall India has secured a significant Letter of Award (LOA) worth approximately ₹1,700 crore from Rewa Ultra Mega Solar Ltd. The project involves developing a 220 MW solar power plant integrated with Battery Energy Storage Systems (BESS) at Morena Solar Park in Madhya Pradesh. This award enhances the company’s future revenue visibility and solidifies its presence in the renewable energy infrastructure sector, with a tariff of ₹2.70/kWh.

Godrej Agrovet Ltd has launched a new insecticide, TAKAI, developed for rice crops. Powered by Cyclapryn technology developed by ISK Japan, TAKAI is effective against key rice pests, Stem Borer, and controls Leaf Folder. When applied at 160 ml at 15-30 Days After Transplant (DAT) and again at 40-60 DAT, it provides a broad protection window for the rice crop. The company is in the process of obtaining label approval for TAKAI in Maize, Chilli, Cabbage, Soybean, Chickpea, and Sugarcane crops as well.

Axiscades Technologies, a chip-to-product company and a pioneer in Aerospace, Defence, Electronics, Semiconductor, and Artificial Intelligence (ESAI), headquartered in Bangalore, India, has announced a new win for its subsidiary, Mistral Solutions, in the Defence division. Mistral Solutions, a leader in high-performance embedded systems and defence electronics, today announced the receipt of an order valued at approximately ₹80 crore under the prestigious LCA Mk1A programme of Hindustan Aeronautics Ltd (HAL).

Submer, the full-stack AI infrastructure provider, has announced a strategic collaboration with Anant Raj Cloud, a subsidiary of Anant Raj Limited, to develop fully operational AI-ready data centres across India. The collaboration enables the rapid deployment of high-density, energy-efficient computing platforms designed to support sovereign and enterprise AI workloads at scale. This partnership serves as a primary example of the EU-India Trade Deal in action, bringing world-class liquid-cooling technology from Spain and combining it with India’s robust infrastructure and operational support. Crucially, the collaboration strengthens a single, accountable source for AI data centre design, build, and scalable operation. Combined with Submer’s neocloud and inference platform, InferX, the partnership enables customers to access AI-ready infrastructure and compute through a unified, end-to-end model aligned with India’s sovereignty requirements.

Published on February 10, 2026