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Asian Paints’ step-down subsidiary, Berger Paints Emirates (L.L.C), UAE proposes to set up its second paint manufacturing facility in UAE with an investment of AED 140 million (approximately Rs 340 crore), having an initial capacity of 55,800 KL per annum.
Havells India board has approved acquiring a stake of 26% in Kundan Solar (Pali), a special purpose vehicle (SPV), established for the business of developing, installing, operating, managing and maintaining solar power plant.
One97 Communications (Paytm)’s wholly owned subsidiary, Paytm Payments Services has received certificate of authorization (COA) to operate as a payment aggregator under the Payment and Settlement Systems Act, 2007.
Info Edge (India) has agreed to invest Rs 5 crore in its wholly owned subsidiary, Smartweb Internet Services and about Rs 70 crore in its arm Startup Investments.
M&B Engineering’s wholly owned subsidiary, Phenix Construction Technologies INC., USA, secured a sizable export order for design, manufacturing and supply of pre-engineered building/ structural steel to its customer in the USA. The said order is worth Rs 7.53 million.
Axis Bank appointed Anand Viswanathan as chief risk officer for a period of 3 years with erfect from 1 January 2026 to 31 December 2028. Amit Talgeri will cease to be the chief risk officer upon completion of his 2nd term, with effect from close of business hours of December 31, 2025.
The move comes after Info Edge disclosed on August 19 that Thakkar had resigned to pursue a new career opportunity. As per his notice period, he was relieved of his duties on 19 November.
Thakkar will be joining the IAN Group in his next assignment. Info Edge founder Sanjeev Bikhchandani marked Thakkar’s exit with a detailed note on social media, praising his financial stewardship, governance leadership and advisory role over the years.
According to Bikhchandani, Thakkar had been a “key advisor, supporter and problem solver” across critical functions including finance, legal, tax, deal structuring and business strategy. He credited Thakkar with helping the company avoid missteps and maintaining strong compliance and control systems.
“Wise people have said that the CFO’s main job is to save the founders from themselves. Chintan did that with aplomb,” Bikhchandani wrote, highlighting his commitment to “true and fair accounting” and sound internal checks and balances.
He also underscored Thakkar’s contribution to leadership development within the organisation. Interim CFO Ambarish Raghuvanshi, who shadowed Thakkar for the past three months, has expressed confidence in the systems and processes put in place, ensuring continuity.
Bikhchandani thanked Thakkar for upholding corporate governance standards throughout his tenure and said the company is “rooting for him” as he moves on to his new role at IAN.
Info Edge (India) is India's premier online classifieds company in recruitment, matrimony, real estate, education and related services.
The company’s consolidated net profit soared 1,260.81% to Rs 316.39 crore on 14.92% increase in net sales to Rs 805.45 crore in Q2 FY26 over Q2 FY25.
Shares of Info Edge shed 0.24% to currently trade at Rs 1,358.85 on the BSE.
Aisle is a step-down subsidiary of the Company, with the Company presently holding approximately 96.35%* of the paid up share capital of Aisle, through Jeevansathi.
*equivalent to 92.87% of the equity share capital of Aisle on a fully converted and diluted basis.
The aggregate shareholding of the Company through Jeevansathi, post this acquisition would be 100% on the basis of paid up share capital of Aisle.