Adani Enterprises | The company said its wholly-owned subsidiary, Kutch Copper Limited (KCL), has completed the incorporation of a joint venture company, Praneetha Ecocables Limited (PEL), in partnership with Praneetha Ventures Private Limited. Kutch Copper Limited will hold 50% equity in the newly-formed entity, which will focus on the manufacturing, marketing, and distribution of metal products, cables, and wires.

Wipro | IT services company said it has introduced its new Agentic AI services designed to help nations build and deploy artificial intelligence (AI) capabilities while maintaining data sovereignty. These services, powered by Wipro’s WeGA Studio and NVIDIA AI Enterprise software, aim to drive economic growth and innovation by leveraging local infrastructure, workforce, and business networks.

Dhanlaxmi Bank | Private sector lender said its board of directors has approved the issuance of unsecured non-convertible debentures in the form of Basel III compliant tier-II bonds of up to ₹150 crore. The bonds, with a face value of ₹1 crore each, will be issued on a private placement basis with a tenure of 10 years. The board also approved the general information document, key information document, and term sheet for the proposed issue.

Mishra Dhatu Nigam | State-owned company announced an interim dividend of ₹0.75 per equity share, representing 7.50% of the face value of ₹10 per share for the financial year 2024-25. The decision was approved by the company’s Board of Directors in a meeting held on March 19. The record date for determining shareholders eligible to receive the interim dividend has been set as March 25, 2025.

Raymond | Leading textiles and apparel company announced the resignation of Nawaz Modi Singhania from its board of directors, effective March 19, 2025. The company did not disclose specific reasons for her departure. Gautam Singhania, Chairman and Managing Director, Raymond said, “We thank Ms. Nawaz Modi Singhania for her services as a Board member over the years. As a company, we are committed to upholding the highest level of governance while continuing to navigate the evolving landscape of the industry.”

Trent | Tata Group retail firm Trent said its subsidiary Booker India Limited (BIL) has entered into a share purchase agreement to acquire 100% equity in THPL Support Services Limited (TSSL) from Trent Hypermarket Private Limited (THPL). The acquisition, valued at ₹166.36 crore, aims to reorganise and consolidate related businesses within the group. TSSL, incorporated on June 9, 1992, operates in the warehousing and related services sector and reported a turnover of ₹42.35 crore as of March 31, 2024.

Avenue Supermarts | The company announced a substantial investment of ₹174.99 crore into its subsidiary, Avenue E-Commerce Limited (AEL), which operates the online grocery platform DMart Ready. The investment was executed through the subscription of 4,67,78,000 equity shares of AEL at an issue price of ₹37.41 per share. The funds are earmarked for AEL’s operational requirements, working capital needs, and capital expenditure, supporting the expansion and enhancement of DMart Ready’s infrastructure and service offerings.