GAIL (India) has signed a non-binding Memorandum of Understanding (MoU) with the Government of Chhattisgarh for development of a greenfield gas-based fertiliser project in the state of Chhattisgarh. As per the MoU, GAIL will undertake detailed techno-economic studies for setting up a urea manufacturing plant of 12.7 lakh metric tonnes (LMT), proposed to be strategically located along GAIL’s Mumbai–Nagpur–Jharsuguda Natural Gas Pipeline (MNJPL) corridor. Based on the techno-economic evaluation, investment de ...

Automobile Industry - Automobile stocks are expected to be in focus due to strong sales figures for September, with companies like Tata Motors, M&M, and Hyundai Motors India reporting robust growth in both two-wheeler and passenger vehicle segments [1] Hospitality Sector - Lemon Tree Hotels Ltd has launched its new property, Lemon Tree Premier, Tirupati, featuring 111 rooms and various amenities including a multi-cuisine restaurant, recreational bar, banquet spaces, spa, fitness center, and swimming pool [2] Acquisition and Expansion - BLS UK Hotels Ltd has acquired 100% share capital of Trefeddian Hotel, aligning with its strategy to diversify into synergistic service businesses and enhance revenue streams [3] - TBO Tek Ltd has completed the acquisition of US-based Classic Vacations for $125 million, marking a significant expansion in its portfolio [7] - Linc Ltd has commenced operations of its joint venture with Mitsubishi Pencil Co., Ltd, indicating a new development in the Indian writing instruments industry [6] Renewable Energy - Crompton Greaves Consumer Electricals has received a Letter of Award for a solar photovoltaic water pumping systems project in Madhya Pradesh, valued at approximately ₹4.75 crore [4] Legal and Regulatory Developments - United Spirits Ltd has successfully quashed ₹443 crore water charge demands by Maharashtra's Water Resources Department, with the court directing a reassessment of charges since November 2018 [5] Real Estate Transactions - Aditya Birla Real Estate has executed a Deed of Assignment for leasehold rights in land measuring approximately 104.47 acres to UltraTech Cement Limited for ₹93.01 crore [9] Pharmaceutical Industry - Synbiotics Ltd has cleared six consecutive USFDA inspections for GMP compliance without regulatory action, highlighting its operational reliability in the pharmaceutical sector [10] Aerospace and Manufacturing - Unimech Aerospace and Manufacturing Ltd is experiencing a revenue slowdown, with Q2-FY2025-26 revenues expected to be marginally lower than Q1-FY2025-26 due to U.S. tariffs impacting export revenue [11]