Go Digit secured CCI approval for its holding company merger, Graphite India faced a preliminary US countervailing duty, RVNL won a ₹358.97-crore rail contract, HUDCO outlined a $2-billion ECB plan, while Tanla Platforms and Euro Panel announced strategic expansion initiatives.
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The Competition Commission of India has approved the amalgamation of Go Digit General Insurance’s holding company with itself. Earlier, the board of a new-age insurer in December 2025 had approved a proposal to merge its unlisted holding company, Go Digit Infoworks Services, with the listed insurance company. The transaction is significant as it marks the first merger of an insurance company with a non-insurance holding company following amendments to insurance laws that permitted such transactions. The transaction would increase promoter shareholding to 72.2% from 72.17% on a fully diluted basis.US imposes preliminary 3.68% CVD on Graphite India exportsGraphite India Ltd on Tuesday (July 28) said it has received a communication from the US Department of Commerce informing the company of its preliminary affirmative determination in the countervailing duty (CVD) investigation involving imports of large diameter graphite electrodes from India. Following the preliminary determination, the US Department of Commerce has preliminarily imposed a countervailing duty of 3.68% on exports of large diameter graphite electrodes from Graphite India. The company said the financial impact is unascertainable at this stage.RVNL bags ₹358.97-crore railway doubling contractRail Vikas Nigam has received a Letter of Acceptance (LoA) worth ₹358.97 crore from East Central Railway for the construction of doubling works for 25T Indian Railway Standard Loading, from Kundawa Chainpur to Raxaul, in connection with the doubling of the Sitamarhi-Raxaul section in the Samastipur Division of East Central Railway.HUDCO to raise $2 billion via ECBs by year-endHousing and Urban Development Corporation Ltd (HUDCO) will raise a total of $2 billion through External Commercial Borrowings (ECB) by December this year, as part of its plan to step up funding for housing and infrastructure projects. While it has already mobilised ECBs of $700 million, another $1.3 billion in loans have been tied up and will be availed by the end of 2026.Tanla acquires ValueFirst Middle East for ₹148.52 croreThe board of Tanla Platforms has approved the acquisition of 100% of ValueFirst Middle East FZC (VF FZC) through its subsidiary Karix Mobile FZ LLC for an aggregate enterprise consideration of ₹148.52 crore. The board approved the Share Purchase Agreement, marking a strategic expansion into the Middle East and Southeast Asian markets for its Communication Platform as a Service (CPaaS) offerings.Eurobond commissions 2.2 MW solar plant in SuratEurobond, the flagship brand of Euro Panel Products, has officially commenced operations at its new 2.2 MW grid-connected solar facility in Surat. The commissioning marks the completion of the third phase of a multi-year energy expansion programme, taking the company’s total operational solar capacity to 3.6 MW.Published on July 29, 2026
