Gujarat Mineral Development Corporation (GMDC) has been assigned a provisional ESG rating of 77.7 (CareEdge-ESG 1) by CareEdge ESG Ratings Ltd. This score places the company in the 'Leadership' category for ESG risk management, reflecting strong governance and policy frameworks. The assessment included on-ground field visits to operational assets and management discussions conducted in November 2025. This milestone is part of GMDC's 'Project Shikhar' initiative, aimed at strategic transformation and enhancing long-term stakeholder value.

CARE Ratings has reaffirmed CEAT Limited's credit ratings across several debt instruments, maintaining a 'Positive' outlook for long-term facilities. The company's Non-convertible debentures (NCDs) of Rs. 500 crore and Long-Term Bank facilities of Rs. 1,406 crore are rated CARE AA/Positive. Short-term instruments, including Commercial Paper of Rs. 1,000 crore and bank facilities of Rs. 1,920 crore, have retained the highest CARE A1+ rating. The adjustment in bank facility limits reflects a shift toward short-term liquidity management.

Vipul Limited held an Extraordinary General Meeting (EGM) on January 08, 2026, to seek approval for a major fundraise. The primary agenda was the issuance of up to 10,85,00,000 fully convertible warrants on a preferential basis. These warrants are intended for both the Promoter & Promoter Group and Public category investors. The company expects to announce the final voting results and the scrutinizer's report within two working days.

Delta Corp Limited has announced the closure of its casino operations at The Zuri White Sands Goa, managed by its subsidiary Delta Pleasure Cruise Company Private Limited. The unit contributed Rs. 15.51 crores to the consolidated turnover, which is approximately 2.13% of the total revenue. Significantly, the unit had a negative net worth of Rs. 15.26 crores and was operating at a loss. Management indicates that this closure will not materially impact the company's overall financial position as other operations remain unaffected.

CRISIL has removed Sterlite Technologies Limited (STL) from 'Rating Watch with Negative Implications', signaling a stabilization in its credit profile. The agency reaffirmed the long-term rating at 'CRISIL AA-/Negative' for bank facilities and NCDs, while the short-term rating for Rs. 800 crore commercial paper stands at 'CRISIL A1+'. Notably, the total bank loan facilities rated were reduced from Rs. 5,767 crore to Rs. 4,045 crore, indicating a reduction in debt exposure. This update provides better clarity on the company's creditworthiness despite the continued 'Negative' outlook.

RailTel Corporation of India has received a significant work order worth approximately ₹101.82 crore from the Public Financial Management System (PFMS). The contract involves the establishment and managed operations of IT infrastructure for Data Centers (DC) and Disaster Recovery (DR), including SOC services and Data Center Colocation. This domestic project is scheduled for execution over a five-year period, concluding by January 7, 2031. This win reinforces RailTel's capabilities in the high-growth IT infrastructure and managed services segment.

Larsen & Toubro (L&T) has secured a supply order from the Indian Army's Corps of Electronics and Mechanical Engineers (EME) for the overhaul and modernization of Pinaka Multi-Rocket Launcher Systems. As the Original Equipment Manufacturer (OEM), L&T will provide critical spares, technical support, and quality oversight, while the 510 Army Base Workshop will execute the overhaul. This partnership marks a significant shift toward a lifecycle-based sustenance model for indigenous defense platforms, moving beyond initial manufacturing into long-term maintenance and upgrades. The project will begin with a pilot phase for the Pinaka Launcher and Battery Command Post before scaling to the rest of the fleet.

Midwest Limited has been awarded a significant 30-year quarry lease by the Department of Mines & Geology, Government of Andhra Pradesh. The lease allows for the extraction of Coloured Quartzite Blocks across 21.012 hectares (51.92 acres) in the Prakasam District. With an estimated marketable reserve of 609,620 cubic meters, this contract provides the company with long-term raw material security until January 2056. This development is expected to bolster the company's processing and export capabilities for polished stone products over the next three decades.

Midwest Limited's board has approved the formation of a new wholly-owned subsidiary in Sierra Leone, West Africa. This strategic move is aimed at expanding the company's Heavy Mineral Sands (HMS) reserves to support long-term growth. The incorporation of a local entity is a mandatory regulatory requirement in Sierra Leone to apply for mineral rights. This initiative highlights the company's focus on securing global resource-rich locations to strengthen its supply chain.

Ravindra Energy Limited (RELTD) has announced the successful passage of three key resolutions via postal ballot with over 99% majority for each. Shareholders approved the appointment of Mr. Apurva Chandra as an Independent Director and authorized the company to provide loans, guarantees, or securities to its subsidiaries and associates. Additionally, a material related party transaction with Energy In Motion Limited was approved. Notably, the promoter group, holding over 12.38 crore shares, abstained from voting on the loan and RPT resolutions, ensuring the outcome was determined by other shareholders.

Royal Orchid Hotels (ROHLTD) has signed a management agreement for a new 60-key property in Jaipur, scheduled to open by April 2026. The property, Regenta Suites & Residences Jaipur, follows the company's asset-light expansion strategy to minimize capital expenditure. This addition strengthens the company's footprint in a key urban and leisure destination, specifically targeting long-stay and business travelers. The project is being developed in partnership with SSBC Group.

Ethos Limited has announced the inauguration of a new luxury watch boutique at Nucleus Mall in Ranchi, Jharkhand. This expansion brings the company's total nationwide footprint to 88 boutiques. The move is part of a strategic vision to consolidate its presence in prominent luxury retail markets and make exclusive global brands accessible to discerning customers in India. This entry into a key regional market like Ranchi highlights the company's focus on tapping into growing luxury demand in Tier-2 cities.

CARE ESG Ratings Limited has assigned a high ESG rating of 86.2 to Oberoi Realty Limited as of January 5, 2026. The company received the 'CareEdge-ESG 1+' symbol, which signifies a leadership position in managing Environmental, Social, and Governance risks. This rating reflects the company's best-in-class disclosures, policies, and performance metrics. Such high ESG scores are increasingly vital for attracting institutional capital and can potentially lead to lower borrowing costs.

L&T Finance (LTF) reported a robust business update for Q3FY26, with retail disbursements growing 49% YoY to approximately Rs 22,690 crore. The retail loan book expanded by 21% YoY to reach Rs 1,11,900 crore, demonstrating strong momentum in its core business. The company's retailisation strategy is nearly complete, with the retail portion of the book rising to 98% from 97% a year ago. Growth was broad-based across Urban, Rural, and Gold finance segments.

Tourism Finance Corporation of India (TFCI) has announced its commitment to act as a co-sponsor and anchor investor for the Holystone Hospitality Fund, a Category II AIF, with an investment of up to 5% of the fund's corpus. Additionally, the company will serve as an anchor investor for the Certus Real Estate Fund, another Category II AIF, committing up to 10% of the total fund size. Applications for the registration of both funds have been filed with SEBI. This move represents a strategic expansion into the alternative investment space, leveraging TFCI's expertise in hospitality and real estate.

Subex Limited has appointed Mr. Alok Ohrie as an Additional Director in the Independent category for a three-year term starting January 4, 2026. Mr. Ohrie brings over 35 years of experience, most notably serving as the President and MD of Dell Technologies India for 12 years until 2025. His expertise spans AI-optimized infrastructure, cybersecurity, and digital transformation, which aligns with Subex's focus on AI-driven telecom solutions. This high-profile appointment is expected to strengthen the board's strategic oversight and industry networking capabilities.

Subex Limited has appointed Mr. Alok Ohrie as an Additional Director in the Independent category for a three-year term effective January 4, 2026. Mr. Ohrie brings over 35 years of experience in the IT sector, notably serving as the President and MD of Dell Technologies India for 12 years from 2013 to 2025. His expertise spans AI-optimized infrastructure, cybersecurity, and digital transformation, which aligns with Subex's focus on telecom AI and analytics. This high-profile appointment is expected to strengthen the board's strategic oversight and industry networking capabilities.