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Chaudhary mentioned in his letter addressed to the board that the company dynamics were not in line with effective governance principles and independent oversight.

Mutual fund folios grew 21.7% yoy; with the pace of growth slackening in August 2025

The agreement also includes license fee payments and a minimum guarantee commitment.

Mutual fund AUM in August was impacted by tepid markets and outflows from liquid funds

The company said that it will execute the deal through a special purpose vehicle jointly established by Tega and Apollo Funds.

For August 2025, passive funds reported 32.6% growth in folios and 11.5% growth in AUM yoy

These contracts add to BHEL’s expanding order pipeline, coming just days after it announced a ₹7,500-crore deal from Gujarat State Electricity Corporation Ltd (GSECL).

For the June quarter (Q1FY26), net profit nearly halved to ₹30 crore, compared with ₹59.8 crore a year earlier.

This plant will support both industrial and medical requirements, said the company. This new facility strives to focus on boosting storage, etc.

Larsen & Toubro said that the scope of work includes design, supply, construction, testing, and commissioning of track-works.