One 97 Communications (Paytm) is executing a dual-track strategy focused on domestic regulatory normalisation and international growth. The company has approached the RBI to revive its wallet business through Paytm Payments Services Ltd (PPSL), while simultaneously scaling its footprint in Southeast Asia through a strategic partnership in Indonesia.Dixon Technologies (India) Ltd has executed definitive agreements with Vivo Mobile India Pvt Ltd to form a joint venture for the original equipment manufacturer (OEM) business of electronic devices, including smartphones. The joint venture company will be incorporated in India, with Dixon holding a 51 per cent stake and Vivo Mobile India holding the remaining 49 per cent. This strategic partnership is intended to bolster Dixon’s manufacturing excellence and strengthen its foothold in the Android smartphone ecosystem.Apollo Micro Systems (AMS) has entered into a definitive agreement to acquire a controlling 41.33 per cent stake in Premier Explosives Ltd (PEL) for ₹1,550 crore. This landmark deal marks a significant consolidation in India’s private defence sector, merging AMS’s expertise in electronic systems with PEL’s specialisation in solid propellants.The Tamil Nadu government has signed a memorandum of understanding (MoU) with Vikram Solar Ltd to establish a Battery Energy Storage Systems (BESS) manufacturing facility at the SIPCOT Industrial Park at Gangaikondan in Tirunelveli district. The investment of ₹15,037 crore is expected to generate employment for 2,670 people.Sathlokhar Synergys E&C Global Ltd has secured five new orders worth ₹75.52 crore across MEP, civil, and electrical works. Following this, the company’s revised confirmed order book for FY 2026/27 now stands at approximately ₹915.74 crore (excluding GST). These orders are scheduled for execution over the next three to nine months.Oil and Natural Gas Corporation (ONGC) has accorded in-principle approval for the development of a 1.75 million metric tonne (MMT) Strategic Petroleum Reserve (SPR) at Mangalore under the Phase-I extension.Power Grid Corporation of India Ltd has secured another major transmission infrastructure project after being declared the successful bidder under the Tariff-Based Competitive Bidding (TBCB) process. The company has received the Letter of Intent (LoI) for developing the “Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG)” interstate transmission project, further expanding its role in strengthening India’s national power transmission network.Dr Reddy’s Laboratories has halted commercial supplies of its generic semaglutide after an issue associated with the active pharmaceutical ingredient (API) used in the drug. Fresh despatches are likely to resume only towards late October or early November. The decision saw the Hyderabad-based drugmaker’s shares plunge nearly 6 per cent on BSE. Torrent Pharmaceuticals also announced a voluntary recall of select batches of Semalix injection disposable pens manufactured by Dr Reddy’s on instructions from the latter.Tata Advanced Systems Ltd (TASL) and Nibe Ltd have emerged as the lowest bidders in the Army’s tender to procure 840 loitering munitions of 100 km range, valued at around ₹1,600 crore. Another tender is coming up for acquiring 36 jet-based propulsion systems for UAVs, likely to be worth around ₹1,500 crore. In both the bids, orders would be split between L1 and L2 to create a larger diversified industrial base for unmanned systems that have long endurance similar to Shahed drones of Iran.Premier Energies has commissioned a 5.6 GW solar module facility in Telangana, set up as part of the company’s ₹12,500 crore capex plan to build capabilities and foray into new business segments. The company also performed a ground-breaking ceremony for its 6 GWh Battery Energy Storage System (BESS) facility and 18,000 metric tonnes per annum aluminium frames facility, it said in a statement.Container Corporation of India Ltd and GAIL (India) have officially signed a long-term strategic agreement. The partnership paves the way for the establishment of a Liquefied Natural Gas (LNG) dispensing station at CONCOR’s Inland Container Depot (ICD) located in Khodiyar, Ahmedabad.Havells India has entered the Battery Energy Storage Systems (BESS) sector through a strategic tie-up with Norway-based Pixii AS. The collaboration strengthens Havells India’s position in India’s evolving energy transition landscape by bringing advanced, modular battery energy storage technology to customers across small-scale, commercial and industrial segments.Pace Digitek Ltd has announced that its material subsidiary, Lineage Power Private Limited (LPPL), has signed two strategic memorandums of understanding (MoUs) with Onward Solar Power Private Limited and Kalpa Power Private Limited to strengthen the supply of Battery Energy Storage Systems (BESS) across India.HEC Infra Projects has secured a work order worth ₹18.67 crore from Engineering Projects (India) Ltd to design, engineer, supply, erect, test and commission an HT/LT package and associated works on an EPC mode. This project is specifically for the supply, installation, testing and commissioning of a Flue Gas Desulphurisation (FGD) system for the 1x500 MW Unit 6 at Ukai Thermal Power Station (TPS).Published on July 10, 2026