🇮🇳 India Daybook: Infosys Expands ABN AMRO Tie-Up, Jio Financial Injects ₹320 Cr in Insurance JV

📍 PARTNERSHIPS & AGREEMENTS

• Infosys: Extended its strategic collaboration with Dutch banking group ABN AMRO to simplify and modernise the lender's core IT infrastructure and accelerate digital transformation.
• Linde India: Executed a transfer deed for two Air Separation Units (ASUs) at its Odisha facility and commenced commercial supply of industrial gases to Tata Steel.

📍 JOINT VENTURES & CAPITAL INFUSION

• Jio Financial Services: The company and Allianz Europe B.V. have each invested ₹320.05 crore into Jio Allianz General Insurance, their 50:50 joint venture, through a rights issue to finance business expansion and operations.
• Tata Steel: Acquired 394 crore equity shares in its wholly owned foreign subsidiary, T Steel Holdings, for an aggregate consideration of ₹3,260 crore.
• Awfis Space Solutions: Executed loan agreements with IDFC First Bank comprising a ₹5 crore overdraft facility and a ₹75 crore term loan facility to support working capital and growth.

📍 ORDER WINS & CONTRACTS

• NCC: Bagged two fresh orders aggregating to ₹500.22 crore (excluding GST) during September 2026, comprising ₹224.74 crore for its Buildings Division and ₹275.48 crore for its Transportation Division.
• Power Mech Projects: Bagged new project orders worth ₹549.37 crore across diverse infrastructure development segments.
• Transrail Lighting: Received multiple turnkey supply and engineering orders totaling upwards of ₹574 crore.
• Highway Infrastructure: Clinched a ₹220.66 crore contract from UPEIDA for toll plaza management and operations on the Gorakhpur Link Expressway.
• KSB: Clinched an export contract valued at up to ₹118 crore from Dangote Projects Free Zone Enterprise for the supply of high-pressure boiler feed pump packages.

📍 CORPORATE ACTIONS & BOARD MEETINGS

• Tech Mahindra: Announced that its Board of Directors will convene on October 15, 2026, to review and approve Q2 financial results and evaluate a proposal for the issuance of bonus equity shares.

📍 ACQUISITIONS & DIVESTMENTS

• Ganesh Benzoplast: Executed definitive transaction agreements to sell its liquid storage tank and railway network business operations to Cisternina Logistics for ₹1,154 crore.
• Wipro: Informed exchanges that the closing timeline for acquiring select customer contracts from Alpha Net has been extended to December 31, 2026.

📍 NEW LISTINGS

• Moneyview Limited & A-One Steels India: Equity shares of both companies make their primary market debut, listing for normal trading on the NSE and BSE under the rolling settlement framework.

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