Key Highlights Oil India Limited has signed a Memorandum of Understanding (MoU) with Council of Scientific and Industrial Research. The collaboration focuses on research, innovation, and technology development across the energy sector. Key areas include: Enhanced Oil Recovery (EOR) Hydrocarbon reservoir optimization Renewable energy Sustainable energy solutions Critical…
Key Highlights State Bank of India (SBI) has scheduled a Central Board meeting on June 18, 2026. The board will consider proposals for raising capital during FY27. Fundraising may be conducted through public issues or private placements. The bank may issue debt instruments and capital instruments. Funds could…
RailTel Secures Defence Communication Network Project RailTel Corporation of India has received a domestic work order from Munitions India Limited for the modernization and bandwidth enhancement of the COMNET 2.0 network. The project covers: 45 operational units 7 Defence Public Sector Undertakings (DPSUs) Department of Defence, New Delhi…
NSE Broadens Sectoral Benchmark Ecosystem As India's economy becomes increasingly diversified, investors are seeking more targeted exposure to specific industries rather than broad market indices alone. To address this demand, NSE Indices Limited, a subsidiary of the National Stock Exchange, has introduced 11 new sectoral benchmarks designed to…
Adani Enterprises Eyes Expansion into AI Infrastructure Manufacturing As artificial intelligence adoption accelerates worldwide, the demand for advanced computing infrastructure continues to grow rapidly. Against this backdrop, Adani Enterprises has outlined plans to establish a strategic partnership with Jabil Inc. to build an integrated manufacturing platform focused on…
Oil Prices Bounce Back After Sharp Sell-Off Global crude oil benchmarks moved higher during Tuesday's trading session, recovering part of the losses recorded a day earlier. Brent crude futures advanced to approximately US$83.42 per barrel, while US West Texas Intermediate (WTI) crude climbed above US$81 per barrel. The…
Gold Prices Remain Stable Across India The domestic bullion market showed limited movement on June 16 as gold prices maintained their previous day's levels. The price of 24-carat gold remained at ₹1,52,930 per 10 grams, while 22-carat gold continued to trade around ₹1,40,185 per 10 grams. Similarly, 18-carat…
GIC Re Shares Under Pressure Following OFS Announcement General Insurance Corporation of India shares declined significantly during morning trade after the government unveiled plans to reduce its holding in the state-owned reinsurer through the OFS route. The announcement triggered selling activity as investors reacted to the discounted floor…
HCLTech Makes Strategic Bet on Artificial Intelligence As artificial intelligence continues to reshape the technology landscape, HCL Technologies has taken a significant step by investing in Sarvam AI, one of India's emerging AI-focused companies. The investment highlights the increasing importance of AI technologies in enterprise transformation and reflects…
SEBI Unveils Major Reforms for ETF Trading As India's ETF market continues to expand rapidly, SEBI has introduced a revised regulatory framework aimed at making ETF trading more efficient and transparent. The new rules address several key areas of ETF operations, including: Base price determination Dynamic price movement…
