Tata Steel expands, LIC faces ₹2,370 Cr GST demand, SBI gets RBI nod

• Tata Steel announced strategic moves: acquiring 50.01% in Thriveni Pellets for up to ₹636 crore, 4.8 MTPA expansion at Neelachal Ispat Nigam, and a new 0.7 MTPA galvanizing line.
• Adani Enterprises' ₹25,000-crore rights issue closed with 108% oversubscription, receiving bids for 14.95 crore shares against 13.85 crore on offer.
• LIC received a demand order from Maharashtra tax authorities for over ₹2,370 crore in GST, interest, and penalties for FY 2021-22 to 2023-24.
• Petronet LNG secured a ₹12,000 crore Rupee Term Loan from an SBI-led consortium to fund its 750 KTPA PDH and 500 KTPA PP project in Dahej, Gujarat.
• SBI and Bank of Baroda received RBI approval to set up a Section 8 company for a digital payments intelligence platform, with government permitting over 30% stake.

Why It Matters: Key corporate moves indicate market shifts and future business growth potential.