Top Corporate Updates
FlySBS Aviation expands its business jet fleet with the induction of a 13-seater Embraer Legacy 650 under dry lease. The jet offers a 3,900-nautical-mile range, enabling non-stop 6-hour flights to the Middle East and Southeast Asia. Target clientele includes ultra-HNIs and corporate leaders in the premium charter segment.
Le Travenues Technology approves a preferential issue of Rs.12,955.63 cr to MIH Investments One B.V. at Rs.280/share, totalling 46,270,092 equity shares. Proceeds will be equally allocated for organic growth, inorganic growth, working capital, and general corporate purposes. MIH will hold a 10.10% stake post-issue and gain one board seat. EGM is scheduled for 1st Nov 2025, with the trading window closed till 48 hours post-results (expected by 14th Nov 2025).
KPI Green Energy receives a Category A Power Trading Licence from Gujarat Electricity Regulatory Commission (GERC), enabling power trading and optimization of sales from its 6+ GW renewable portfolio. The licence facilitates direct participation in power exchanges and supports transparent green energy trading. Dr. Faruk Patel, Chairman & MD, termed this a strategic milestone for the company.
GMDC to invest Rs.4400 cr in Phase 1 for rare earth mineral mining. The company plans to integrate the entire rare earth element (REE) value chain under its umbrella, strengthening India’s presence in the sector.
SpiceJet announces induction of 20 aircraft into its operational fleet between October and November. The company has already received three aircraft — one Airbus A340 wide-body and two Boeing 737s — as part of its expansion drive.
Management Commentary – TCS to ET NOW
TCS stated that it is undergoing internal transformation to become an AI-led services firm. The company is creating a dedicated AI unit and setting up 1 GW datacenter capacity in India, with an initial 150 MW operational. It plans a capex of $5–6 bn over the next few years. Management highlighted improved Q2 demand and reduced project cancellations.
TCS also aims to drive an AI-first culture, integrating AI across all workflows. Employee learning hours have doubled, and 18,500 employees were hired globally this year. The company expects gradual pickup in discretionary demand and sees India datacenter demand around 10 GW, with 5–6 GW in supply.
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