Corporate Moves and Investments Dominate Market Attention

Tata Steel has bolstered its stake in T Steel Holdings (TSHP) with a ₹4,054.66 crore investment, acquiring 457.7 crore equity shares at $0.1005 per share. This elevates its total commitment to TSHP to $460 million for 2025. Meanwhile, New India Assurance received a ₹249.79 crore tax refund, including ₹8.89 crore in interest, for the 2009-10 assessment year.

FSN E-Commerce Ventures, operating as Nykaa, appointed former Kotak Mahindra Bank CEO Dipak Gupta as an Independent Director, effective October 2025. Gupta’s three-decade tenure in financial services, including 25 years at Kotak, signals Nykaa’s strategic focus on governance expertise.

Newgen Software Technologies’ UK subsidiary secured a €4.22 million contract with Tata Consultancy Services (TCS) for cloud hosting and software licensing. Separately, Newgen landed a ₹21.24 crore order for its Policy Administration System, underscoring its growth in enterprise solutions.