Metsä Group has chosen Infosys, a global leader in AI-first business consulting and technology services, as its partner to modernize its IT environment. The selection was made following a comprehensive tendering and negotiation process. The multi-year agreement supports the development of Metsä’s IT landscape towards a more efficient and unified setup that better meets future needs. Under the agreement, Metsä and Infosys will jointly invest in the development of IT solutions based on artificial intelligence and automation, leveraging Infosys Topaz Fabric services suite to bring intelligent, agentic capabilities into Metsä’s IT operations. The aim is to improve efficiency and quality, as well as accelerate the adoption of new solutions in the business. Cohance Lifesciences has received a Form 483 containing five observations from the United States Food and Drug Administration (USFDA) following an inspection of its manufacturing facility in Hyderabad, the company said in a regulatory filing. The USFDA conducted an inspection of Cohance’s manufacturing facility located at Pashamylaram in Hyderabad between July 27 and August 5, 2026. At the conclusion of the inspection, the regulator issued a Form 483 listing observations identified during the review.Gland Pharma and Neuland Laboratories have announced a long-term strategic contract development and manufacturing partnership to expand sterile API production. Under the partnership, Gland Pharma will establish a dedicated sterile manufacturing suite for Active Pharmaceutical Ingredients used in microparticle depot products, according to a press release. The collaboration combines Neuland’s complex API development and manufacturing capabilities, including expertise in complex chemistry, process development and custom manufacturing, with Gland Pharma’s global sterile manufacturing expertise.Monarch Surveyors & Engineering Consultants has completed the acquisition of GM & FE Ryan Pty Ltd, finalising a cash deal worth AUD $1,741,140. This move secures immediate access to seven Australian Government procurement panels and leverages the target’s 20-year operating track record, strengthening Monarch’s global footprint in engineering consulting and land surveying.The board of SIS has approved Rs 120-crore buyback offer at a maximum price of ₹478.50 a share, to be executed via the open market route starting next week.State-owned NBCC Ltd has bagged a Rs 780 crore contract from the Reserve Bank of India to build an office complex and staff quarters in Andhra Pradesh. In a regulatory filing on Wednesday, the company informed that NBCC has secured a work order from the RBI worth ₹780.38 crore. NBCC will be the PMC (project management consultancy) for the construction of the office complex of the RBI at Nelapadu, Amaravati, Andhra Pradesh, and also its officers’ and staff residential complex at Inavolu, Amaravati.Oil India said cases challenging the levy of GST on royalty paid for natural resources were transferred from the Gauhati and Rajasthan High Courts to the Supreme Court in February 2024. During the hearing on July 29, 2026, the company’s counsel informed the court that OIL would deposit the applicable GST within six weeks, in accordance with the law. The company clarified that the payment will remain subject to the final outcome of the case, which has been tagged with a related appeal before the Supreme Court. In another key development, the Government of Assam told the Supreme Court that it intends to withdraw the tax imposed on mineral oil under the amended Assam Taxation (on Specified Lands) Act. The disputed tax demand was worth around ₹2,484.81 crore for the period between 2005 and 2024, which Oil India had challenged as being beyond the State’s legal powers.Zee Entertainment has acquired exclusive broadcast and digital rights for a third football property Serie A Italian football leagues for the South Asian region over the next five years. The acquisition, which includes the Cup competitions Coppa Italia and Supercoppa Italiana, pertain to countries such as India, Bangladesh, Sri Lanka, Nepal, Bhutan, Afghanistan and Maldives. Starting August 22, the matches will be streamed on Zee’s digital platform Zee 5 and across the Unite8 Sports channels.RMC Switchgears Ltd informed the exchanges that order inflows have risen to ₹344.10 crore. The largest of these is a set of 12 Letters of Acceptance (LOA) from Paschim Gujarat Vij Company Limited (PGVCL) worth ₹333.80 crore, it said.Published on August 6, 2026