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In a major boost to India’s indigenous defence manufacturing, the Ministry of Defence (MoD) on Thursday signed a contract worth ₹62,370 crore with Hindustan Aeronautics Limited (HAL) for the procurement of 97 Light Combat Aircraft (LCA) Tejas Mk-1A for the Indian Air Force (IAF). The order comprises 68…

JSW Renew Energy Five Limited, a step-down subsidiary of JSW Energy Limited, has taken its ongoing regulatory dispute to the Supreme Court of India, filing a Civil Appeal against a recent order passed by the Appellate Tribunal for Electricity (APTEL). The case originates from a decision of the…

India’s logistics costs are significantly lower than previously believed, according to a new study released by the Department for Promotion of Industry and Internal Trade (DPIIT). The report estimates India’s logistics cost at 7.97% of GDP in FY24, much below the commonly cited 13–14% range, and lower than…

Bharat Heavy Electricals Limited (BHEL) has suffered a setback in its expansion plans after the Department of Investment and Public Asset Management (DIPAM) rejected its proposal to set up a joint venture with REC Power Development and Consultancy Limited. The decision was formally taken up during BHEL’s board…

Exide Industries Ltd (EIL) has infused ₹80 crore into its wholly-owned arm, Exide Energy Solutions Ltd (EESL), to support the ongoing development of its greenfield lithium-ion cell manufacturing facility in Bengaluru. The investment was made on a rights basis and keeps EIL’s shareholding in the subsidiary unchanged at…

Promoters of Polycab India Ltd, a leading electrical goods manufacturer, divested 1.5% of their stake in the company through a block deal on Thursday, September 25, raising about ₹1,740 crore. The shares changed hands at an average price of ₹7,458 apiece. Among the key investors, JP Morgan Fund…

Indian pharmaceutical companies, including Sun Pharma, Lupin, Cipla, and several others, are likely to remain in the spotlight after US President Donald Trump unveiled a fresh policy imposing a 100% tariff on imported branded and patented medicines, effective October 1, 2025. The new rule, however, spares companies that…

The United States has launched an investigation into Waaree Energies, one of India’s largest solar equipment makers, over suspicions that it may have bypassed tariffs on Chinese-made solar products by mislabeling them as Indian. According to a memo sent by U.S. Customs and Border Protection (CBP) to attorneys…

BHEL & REC JV Proposal RejectedThe board confirmed that DIPAM has not approved the proposal for forming a joint venture between BHEL and REC Power Development and Consultancy. Allcargo Logistics Focuses on Digital GrowthAllcargo will invest in ROI-based digital execution, aiming for revenue CAGR of 12% and EBITDA…