The Reserve Bank of India (RBI) on August 6 released its latest list of Upper Layer Non-Banking Financial Companies (NBFC-UL), adding four state-owned lenders to the category that is subject to enhanced regulatory oversight under the central bank’s scale-based regulation framework. The new entrants are REC Ltd, Power Finance Corporation Ltd (PFC), Indian Railway Finance Corporation Ltd (IRFC) and Housing and Urban Development Corporation Ltd (HUDCO). Entities reach this tier by crossing an asset size threshold of ₹1 lakh crore or through specific risk-based evaluations. These companies face bank-grade regulations, mandatory stock exchange listing rules, and strict board governance. These entities Must maintain higher Common Equity Tier 1 (CET1) capital and risk provisioning similar to commercial banks.RailTel Corporation of India has received a Letter of Acceptance (LoA) from Sr.Dste, Ajmer Division, NorthWestern Railway for the provision of 4x48FOFC for the Indigenous Train Collision Avoidance System over all divisions of NWR (568.24 Rkms). The order, awarded domestically, is to be executed by August 6, 2027, and carries an estimated size of Rs 37,66,84,995 (including tax).Bondada Engineering informed the exchanges that KCS Engineering Solutions, in which its subsidiary Bondada Dynamics holds a majority stake, has secured defence orders worth Rs 2.10 crore for the supply of specialised defence equipment and materials.Aegis Logistics Ltd. has signed a framework agreement with its subsidiary, Aegis Vopak Terminals Ltd. (AVTL), to construct an additional refrigerated propane storage tank and allied facilities at the JNPA tank farm area. The agreement is valued at ₹142.5 crore). The company said it will develop a refrigerated double steel wall, full containment, insulated propane storage tank with a capacity of 51,998 metric tonnes at the terminal.Alkem Laboratories Ltd has said its manufacturing facility located at Amaliya, Daman, has been classified as Official Action Indicated (OAI) by the United States Food & Drug Administration (US FDA). The update follows the US FDA inspection conducted at the facility from April 20, 2026, to May 1, 2026, during which the company received a Form FDA 483 containing seven observations. Alkem said the US FDA has now classified the inspection status of the facility as OAI.J Kumar Infraprojects has secured a contract worth ₹990.16 crore from the Karnatak Housing Board for the construction of an international cricket stadium and allied infrastructure in Bengaluru, the company said in an exchange filing. The company said it has received a Letter of Acceptance for the design, engineering, procurement and construction of the International Cricket Stadium and Allied Development Works at Suryanagara 4th Phase KHB Layout, Indlawadi Village, Anekal Taluk, Bengaluru Urban District, Karnataka, under EPC Mode-I. The total contract value stands at ₹990.16 crore, excluding GST.TVS Motor Company has launched its premium electric scooter, the TVS iQube, in Kenya, becoming the first Indian OEM to introduce a premium electric scooter in Africa. The launch marks TVS Motor’s entry into the African market as part of its global electric vehicle expansion. The TVS iQube will be available in two variants — TVS iQube 3.5 and TVS iQube 2.2. Powered by a 4.6 kW hub-mounted motor, the scooter offers a top speed of up to 82 km/h and accelerates from 0-40 km/h in 4.2 seconds. The iQube 3.5 delivers a real-world range of 115 km, while the iQube 2.2 offers 75 km.More Like ThisPublished on August 7, 2026