Kalyani Group

Tata, Kalyani not likely to tie up with HAL for Amca race; L&T picks BEL

The major contenders have finished shaping their strategies ahead of the September 30 deadline to respond to the expression of interest (EoI) for AMCA prototype development

The Blueprint Discourse | Kalyani Group's Rajinder Bhatia on defence manufacturing reforms

Kalyani Group’s defence head Rajinder Singh Bhatia has called for scaling India’s defence startup ecosystem to 100,000 companies and reforming acquisition cycles to match rapid tech changes.

Apple in talks with Bharat Forge for India-based component manufacturing

Apple is in discussions with Bharat Forge, a Pune-based manufacturer, to include it in its supply chain, marking a strategic push to boost local production and reduce reliance on China

Hikal promoters, Baba Kalyani faction clash over family wealth disclosures

KICL, on the other hand, maintained its stance that Vaghul's letter was allegedly withheld by the Hiremaths with the intention of creating a false market in the securities of KICL and Hikal

Battle for ownership: Kalyani faction drops a letter 'bomb'; row escalates

Kalyani Investments says Hiremaths deliberately suppressed N Vaghul's 2023 letter addressed to them

Kalyani Investment pays Sebi Rs 1.12 cr to settle disclosure violation case

Kalyani Investment Company, one of the promoter group entity of Bharat Forge, has settled a case with Sebi about the alleged violation of disclosure norms after paying Rs 1.12 crore towards the settlement fee. Kalyani Investment Company Ltd (KICL), a listed entity, is part of the over USD 2.5 billion Kalyani Group. The order came after the applicant (Kalyani Investment Company) proposed to settle the instant proceedings initiated against it, without "admitting or denying the facts and conclusions of law", under the Sebi's settlement regulations. "In view of the acceptance of the settlement terms and the receipt of the settlement amount, the adjudication proceedings initiated against the applicant (Kalyani Investment Company) vide show cause notice (SCN) dated March 19, 2024, is disposed of," Sebi's adjudicating officer Amit Kapoor said in the settlement order on Friday. The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant for th

Bharat Forge to acquire axle maker AAM India for Rs 544.5 crore

Kalyani emphasised that this move aligns with Bharat Forge's broader strategy to diversify its offerings in vehicle components and enter a new product segment

Baba Kalyani vs Gaurishankar: Kalyani siblings wage a battle of wills

Gaurishankar Kalyani, the low-profile contender, clashes with elder brother Baba Kalyani over family assets

No power of attorney given to Baba Kalyani by late mother: Kalyani Group

No power of attorney was executed by late S N Kalyani in favour of her son Kalyani Group Chairman, Baba Kalyani, and he has nothing to do with any of the litigations that his mother had initiated during her lifetime, the group said on Monday. Refuting reports that alleged that Baba Kalyani coerced his mother and exercised undue influence, a group spokesperson said the claims made in an affidavit of late S N Kalyani as produced by Gaurishankar Kalyani, Baba Kalyani's brother "are fabricated, incorrect and denied". "Baba Kalyani will appropriately represent his case before the Pune District Court," the spokesperson said in a statement. Late S N Kalyani and Gaurishankar Kalyani (and his family) have been staying at their residence Parvti Nivas, when she made her will in 2012. Hence, all allegations insinuating that Baba Kalyani coerced her and exercised undue influence are incorrect and denied, it added. The spokesperson alleged vested interests of spreading information with "several

Kalyani family feud spirals with revelation of new will: Details explained

Baba Kalyani and his brother Gaurishankar are embroiled in a legal dispute over their late mother Sulochana's will, intensifying the ongoing battle over the assets with their sister's children

Pilani, Vardhman: Here's why shares of Holding firms rallied up to 20%

Market regulator, the Sebi on Thursday announced a framework for special call auctions with no price bands for price discovery of investment holding companies.

Kalyani Forge's CFO Laxmi Narayan Patra resigns due to personal reasons

Forging company Kalyani Forge on Friday said its Chief Financial Officer (CFO) Laxmi Narayan Patra has resigned. His resignation is effective from April 6, 2023. "CFO Laxmi Narayan Patra has tendered his resignation due to personal reasons," the company said in a regulatory filing. Kalyani Forge is an engineering company with an expertise in metal forming. It makes forged, machined and assembled products for customers in industries like automotive, construction, power generation, marine, railway, and industrial goods.

Kalyani Rafael Advanced Systems rolls out 100th surface-to-air missile kit

KRAS is a joint venture set up by Israeli company, Rafael, in partnership with Kalyani Strategic Systems

Kalyani Group promoter pays Rs 3 lakh to settle case with Sebi

Baba Kalyani, promoter of Kalyani Group, has settled a case of alleged violation of SAST (Substantial Acquisition of Shares and Takeovers) norms in the matter of Bharat Forge Ltd (BFL) with markets regulator Sebi on a payment of Rs 3 lakh. Bharat Forge Ltd is a subsidiary of Kalyani Group. The settlement came after Babasaheb Neelkanth Kalyani proposed to settle the pending proceedings through a settlement order "without admitting or denying the findings". "The proceedings that may have been initiated for the alleged violations ... are settled qua the applicants," Sebi said in its settlement order passed on Thursday. The regulator further said that it will not initiate enforcement action against the applicants for the said violations. As per the order, Kalyani is a promoter of BFL and has submitted that Kalyani Export and Investment, Aboli Investment and Wathar Investment and Trading Company had qualified as part of the promoter group of BFL under ICDR (Issue of Capital and Disclos

Bharat Forge's subsidiary bags $155.5 mn order to export artillery guns

Bharat Forge has been consolidating its defence and aerospace business under Kalyani Strategic Systems with an aim to target export opportunities in the defence sector

MoD bans imports from 18 top defence platforms, items to be made in India

Items include light-weight tanks, self-healing minefields, "plug-and-play housing" for soldiers at extreme altitudes, 127 mm naval gun, multi-role helicopter, among others

Bharat Forge consolidated net profit surges 9.3% to Rs 232 crore in Q4FY22

The company had posted a consolidated net profit of Rs 212.12 crore in the same period of the preceding fiscal, Bharat Forge

Indoor services of AIIMS, Kalyani likely to start from September: Official

Indoor operations at AIIMS, Kalyani in West Bengal's Nadia district are likely to begin from September this year, a senior official of the medical establishment said on Tuesday.

Israeli firm Elbit Systems offers to build 70% of artillery guns in India

That is significantly higher indigenisation than the 50 per cent required for "Make in India" projects