Various companies including Infosys, Sun Pharma, Strides Pharma, Railtel, Vedanta, Tata Communications, Ujjivan SFB, and IRB Infra will likely attract market focus on September 9, 2025.
In today's business news, several significant developments have taken place across various sectors.
Vedanta Ltd Boosts Metal Manufacturing for Electric Vehicle Sector
Vedanta Ltd has made a substantial investment of over ₹12,500 crore to enhance its metal manufacturing capabilities, focusing on the growing needs of the nation's electric vehicle sector. The investments include capacity expansion across aluminium smelter, boosting aluminium value-added products, setting up a zinc alloy plant, roaster set-up for zinc production, and ferrochrome capacity augmentation.
Tata Communications and Cisco Collaborate on eSIM and IoT Connectivity
Tata Communications has entered into a strategic collaboration with Cisco, aiming to embed Tata Communications MOVE into Cisco's IoT Control Center. This partnership will strengthen connectivity for Internet of Things (IoT) devices, with Cisco's IoT Control Center currently used by over 32,000 enterprises and supporting more than 270 million SIM IoT devices.
Infosys Plans Equity Share Buyback
Infosys is set to meet on September 11 to consider a proposal for buying back equity shares. This move comes after the company bought back shares worth ₹9,300 crore via an open market transaction in 2022.
Strides Pharma Science and Kenox Pharmaceuticals Strengthen Nasal Spray Pipeline
Strides Pharma Science Ltd and Kenox Pharmaceuticals Inc have partnered to focus on the development and filing of multiple nasal spray products for the US market. This collaboration will also strengthen the pipeline of nasal spray products.
Sun Pharmaceutical Discontinues Vecuronium Bromide Injection 20 MG
Sun Pharmaceutical Industries Ltd has discontinued the production of Vecuronium Bromide Injection 20 MG. The US Food and Drug Administration (FDA) has acknowledged this discontinuation. The discontinuation may impact healthcare providers.
Ujjivan Small Finance Bank Aims to Expand and Grow
Ujjivan Small Finance Bank has announced plans to raise ₹2,000 crore in core capital over the next 1-2 years to fund its growth plans. The bank aims to expand its branch network to 1,150 and grow its loanbook nearly three times over the next five years. Sanjeev Nautiyal, the bank's Managing Director and Chief Executive, made these announcements on Monday.
Railtel Corporation Wins Multiple Orders from Bihar Education Project Council
Railtel Corporation of India Ltd has won multiple orders worth approximately ₹456 crore from the Bihar Education Project Council. These orders include setting up smart classrooms, ICT labs, teaching learning material, and ISM lab set-up, with most projects having a completion deadline of March 31, 2026.
IRB MP Expressway Sees Revenue Growth
The IRB MP Expressway in Maharashtra contributed ₹147.7 crore to the total revenue collection in August 2025, up from ₹142.1 crore in August 2024. This represents a 12% increase in toll revenue, with IRB's toll revenue rising to ₹563 crore in August 2025, compared to the year-ago month's ₹503 crore.
These are the key business developments for September 9, 2025. Stay tuned for more updates as they unfold.
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