In a significant move that underscores the U.S. government’s deeper involvement in the private sector, the Trump administration has acquired a 10% stake in Intel Corporation, the only American company currently capable of manufacturing advanced chips on U.S. soil. $8.9 Billion Investment in Intel According to a press…
The Insurance Regulatory and Development Authority of India (IRDAI) is weighing a proposal to cap annual health insurance premium hikes at both the product and portfolio levels. A formal consultation paper is expected shortly, inviting feedback from insurers, policyholders, and industry experts. The move comes amid growing concerns…
Wipro Limited, a global leader in IT consulting and business process services, has announced its plan to acquire Harman Connected Services Inc. (DTS) for up to US$375 million. This acquisition is aimed at boosting Wipro’s capabilities in Engineering Research & Development (ER&D) and expanding its digital engineering and…
The government is moving closer to completing the strategic disinvestment of IDBI Bank by the end of the current financial year. According to DIPAM Secretary Arunish Chawla, potential buyers have nearly finished their due diligence process, and the sale is expected to be wrapped up by September 2025.…
Texmaco Infrastructure & Holdings Ltd. has announced the record date for dividend eligibility and the schedule of its 85th Annual General Meeting (AGM). Texmaco Infrastructure Dividend Record Date and Book Closure The company will observe book closure from 13th September 2025 to 19th September 2025, both days inclusive,…
NIIT Learning Systems Issued a corporate guarantee of up to €15.75 million to ICICI Bank UK for a €15 million term loan being availed by its wholly owned subsidiary, NIIT (Ireland). India Cements Shares offered for sale by promoter UltraTech Cement saw 2.75x subscription from non-retail investors. Bidding…
View on market: Volatility persists, eagerly searching for growth: US and European futures held steady in early Asian trade, showing little movement. Asian markets traded in a narrow band, with Japan and Australia edging lower, while South Korea managed to advance and Hong Kong futures saw a small…
The Employees’ Provident Fund Organisation (EPFO) reported a historic milestone in June 2025, with 21.89 lakh net member additions, the highest monthly tally since the launch of payroll data analytics in April 2018. This reflects a 9.14% growth over May 2025 and a 13.46% increase year-on-year compared to…
Adani Ports & Special Economic Zone Ltd. (APSEZ), India’s largest private port operator, has raised US$125 million through a foreign currency loan from Mitsubishi UFJ Financial Group (MUFG). The funding highlights renewed confidence from global lenders in the Adani Group and forms part of its broader strategy to…
The Cabinet Committee on Security (CCS) has approved the procurement of 97 indigenously built Light Combat Aircraft (LCA) Mk-1A, along with associated equipment, for the Indian Air Force (IAF). The development has put Hindustan Aeronautics Limited (NSE: HAL) shares in focus. CCS Approval Details In a filing with…