Nubank formalized an agreement to acquire Banco Porto Real de Investimentos S/A this Monday, July 20. This acquisition grants Nubank a banking license, allowing the company to maintain the use of the term 'bank' in its corporate name, meeting the requirements of the Central Bank (BC) and the National Monetary Council (CMN).
Banco Porto Real was established in 1992 in the city of Porto Real (RJ), and its main activity consists of granting credit to wholesale clients. Although the values involved in the transaction were not disclosed, the acquisition resolves a previous regulatory issue.
In November 2025, the BC and CMN issued a joint resolution prohibiting financial entities without the proper banking license from using terms such as 'banco' and 'bank'. At that time, Nubank operated with licenses to be a payment institution, financial entity, and securities broker, but not as a bank.
As stated by the company to Tecnoblog at that time, this operational structure allowed for the offering of services and products available on its platform, and the absence of banking authorization did not cause harm to its customers.
In December 2025, Tecnoblog investigated that purchasing a financial institution holding this license would be a viable way to solve the nomenclature issue. Seven months after this investigation, Nubank opted for this path. The company assures that it will not need to meet 'additional capital or liquidity requirements' to incorporate the banking license into its group, indicating that it already has sufficient financial capacity to operate as a bank.
Nubank issued a statement informing that, for its 115 million customers in Brazil, there will be no change whatsoever: the application, products, services, brand, and name of the institution will remain unchanged.
The 'Shatakka Olish' mechanism contributes to strengthening the economic self-sufficiency of local production enterprises. Five years ago, at an industrial fair organized at the Noviy Machine-Building Plant of the complex, an exhibition took place. At this exhibition, new types of products replacing imports, developed based on inventions, rationalization proposals, and innovative ideas from a large industrial enterprise, as well as in cooperation with local producers, were presented.
The exhibition showcased products that were implemented, are planned for implementation, or recommended for implementation at local enterprises, replacing imported goods. Later, technological cooperation with local enterprises within the framework of the 'Shatakka Olish' mechanism continued.
Noviy Konmetallurgiya Complex became the first in the republic to implement this mechanism. To date, more than 200 types of import-substituting products have been purchased from partner enterprises under this mechanism. Over the past five years, new types of products have been acquired as a result of the 'Shatakka Olish' process, and goods worth 3 trillion sums have been purchased for the complex's needs.
According to Ulugbek Sanakulov, head of the 'NKMK' department, in 2025, products supplied by enterprises participating in the 'Shatakka Olish' program amounted to 783 billion sums, which is almost three times higher than the figure for 2021. He also noted that the economic indicators of these enterprises are growing steadily. Long-term partners include companies such as 'Gidro Stanko Servis' MChJ, which supplies equipment and spare parts for mines; 'Navpromlitmash' MChJ, which supplies mining equipment, filters, and steel alloys; 'Chilon Lubricants' MChJ, which supplies technical oils and reagents; 'Noviy Elektrod Zavod' MChJ, which supplies graphite electrodes; 'Noviy Elektromontaj' MChJ, which supplies electric motors and equipment; 'Euro Prom Lider' MChJ, which supplies filter fabric; and 'Carbon Polymer' MChJ, which supplies fluoroplastic and polymer products, as well as other types of goods.
Another positive result of this mechanism is the formation of the 'Shatak Pyramid,' where enterprises included in the 'Shatakka Olish' program begin to independently attract other, smaller enterprises into this system. One such example is the enterprise 'Navpromlitmash.' Established in 2007, the joint-stock company 'Navpromlitmash' produces dozens of components, including non-standard equipment, copper and brass pipes, and cast iron products. Furthermore, under the brand 'Universal Filter,' this joint-stock company produces air and oil filters for industry and automobiles, which contribute to import substitution.
Ibrohim Faiziyev, Director of 'Navpromlitmash' MChJ, recipient of the 'Dostlik' Order, reported that in 2025, the enterprise produced over 220 types of products. In cooperation with 'Noviy Konmetallurgiya Complex,' 400 billion sums worth of spare parts were produced last year. The manufactured equipment and spare parts are supplied not only to 'Noviy Konmetallurgiya Complex' but also to large industrial enterprises such as 'Olmaliq Konmetallurgiya Complex,' 'Noviyuran,' 'Noviyazot,' and 'Noviy Issiqlik Elektrostantsiyasi,' which strengthens the enterprise's reputation as a reliable partner.
As part of the program for expanding and modernizing production for the period 2022–2026, it is planned to produce 150 thousand aluminum and copper wires annually for cable conduits, as well as 300 thousand air and oil filters for industry and automobiles. It is important to note that this has created new jobs and provided the opportunity to produce import-substituting products worth 249 billion sums per year.
Thus, the 'Shatakka Olish' system not only strengthens the economic independence of local enterprises but also promotes the development of design and technological documentation, as well as the production of new types of import-substituting products.
Rallis India Ltd, a company engaged in the agricultural resources sector, reported a 31 percent increase in net profit for the period from April to June, amounting to 125 crore rupees, due to increased revenue.
In the same period last year, the company's net profit was 95 crore rupees. According to regulatory filings submitted on Monday, total revenue for the first quarter of the current fiscal year reached 1035 crore rupees, compared to 969 crore rupees in the corresponding period of the previous year.
Gyandendra Shukla, Managing Director and CEO of Rallis India, noted that the company demonstrated stable results in the first quarter of the fiscal year 27. He attributed this to 'focused execution across all business verticals, improved profitability, and continuous investments in strengthening our portfolio and capabilities.'
Rallis India Ltd is a subsidiary of Tata Chemicals Ltd and is part of the Tata Group, which has a valuation exceeding $180 billion. The company's operations cover the segments of seeds, crop care, soil health, and plant health.
