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,…
Chemikas Speciality LLP, a promoter entity of Archean Chemical Industries Limited, has pledged 3,66,666 equity shares of the company. The disclosure has been made in compliance with Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Key Details of the Pledge Aspect Information Pledging…
TTI Enterprise Limited has announced board-approved decisions regarding its stock exchange listing status and corporate governance changes. The company confirmed that it will proceed with a voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE) while retaining its listing on the Bombay Stock Exchange (BSE).…
Emerald Leisures (BSE: 507265) has received in-principle approval from the Bombay Stock Exchange for the issuance of 29,68,000 convertible warrants on a preferential basis to promoters and non-promoters. Key Details of the Issue Aspect Details Number of Warrants 29,68,000 Issue Price per Warrant ₹225.00 Total Issue Size ₹66.78…
India’s Gold Exchange Traded Fund (ETF) market has crossed a major threshold, with total assets under management (AUM) exceeding ₹1 lakh crore in October 2025. The milestone highlights a sharp rise in investor appetite for gold-backed investment instruments amid shifting market conditions and increasing portfolio diversification trends. Strong…
Deep Industries has confirmed the transfer of its recently awarded long-term project from Oil and Natural Gas Corporation (ONGC) to its wholly owned subsidiary, Deep Exploration Services Pvt. Ltd. (DESPL). The project relates to production enhancement at ONGC’s Mature Fields in the Rajahmundry Asset, and will run for…
Indian Railway Finance Corporation (IRFC) has signed a loan agreement with Sumitomo Mitsui Banking Corporation (SMBC), GIFT City branch, for an external commercial borrowing (ECB) equivalent to $300 million in Japanese yen terms. The agreement was executed on December 2, 2025, in Gandhinagar. This marks IRFC’s first ECB…
Afcom Holdings Limited has announced a fresh equity issuance through a preferential allotment, marking a key step in strengthening its capital base. The company’s board has approved the allotment of 7,50,000 equity shares at a price of ₹20 per share, which includes a ₹10 premium over the face…
