Praveg Limited shareholders have approved a special resolution authorizing the company to extend loans, provide guarantees, or offer security to Abhik Advertising Private Limited (AAPL) and other entities where directors hold interests. The resolution was passed under Section 185 of the Companies Act, 2013, with overwhelming support. Voting…
Mumbai-based Justo Realfintech Limited has received three penalty orders from the Registrar of Companies (RoC) for violations of Section 42(10) of the Companies Act, 2013. The penalties arise from the company’s failure to maintain separate bank accounts for private placement application money. Penalty Breakdown Order 1: 15,00,000 on…
The Indian Government is taking significant steps to modernize the textile sector through the establishment of integrated textile facilities under the Scheme for Integrated Textile Park (SITP). So far, approval has been granted for 50 textile parks nationwide, including 12 in Maharashtra, aimed at boosting investment, creating employment,…
The Indian Government has significantly expanded the PM E-DRIVE Scheme, allocating Rs. 1,634.62 crore (~US$ 182 million) as of November 23, 2025, to accelerate the adoption of electric vehicles (EVs) and support the development of a cleaner, technology-driven transportation ecosystem. Under this initiative, Rs. 500 crore (~US$ 56…
Employee stock ownership plans (ESOPs) continued to generate liquidity opportunities for employees in India’s startup ecosystem during 2025. Recent industry data indicates that buyback programmes remained active through the year, offering payouts to a large number of employees across multiple companies. ESOP Buyback Trends in 2025 As per…
The Pension Fund Regulatory and Development Authority (PFRDA) is working on a dedicated fund-of-funds model under the National Pension System (NPS) to enable pension assets to be deployed into select Alternative Investment Funds (AIFs). The plan was outlined by PFRDA Chairperson S. Ramann during the IVCA DII &…
NBCC (India) Limited has received multiple project orders amounting to approximately ₹665.38 crore. The company confirmed that the orders were secured in the ordinary course of business and relate to construction, redevelopment, and renovation works under Project Management Consultancy (PMC) services. Breakdown of Major Work Orders The largest…
Bansal Wire Industries has received a GST show-cause notice amounting to ₹202.77 crore for the financial year 2020–21. The notice was issued on December 1, 2025, by the Joint Commissioner of SGST, Corporate Circle-I, Ghaziabad Zone-I, under Section 74 of the CGST/SGST Act. The disclosure was made as…
CARE Ratings has reaffirmed its ‘AAA’ rating with a Stable outlook for Mahindra & Mahindra Limited’s (M&M) bank facilities totaling ₹2,173.17 crore. Key Highlights Market Position Tractors: 43.3% market share (up from 41.6%) Utility Vehicles (UV): Revenue market share increased from 20.4% to 22.5% Light Commercial Vehicles (LCV):…
India is set to begin the bidding process for establishing rare earth permanent magnet (REPM) manufacturing facilities as part of a government-approved incentive programme. According to reports, bids are expected to be invited by the end of January 2026. Bid Invitation Under REPM Scheme The ₹7,280 crore scheme,…