Coforge: Signed a definitive agreement to acquire Encora US Holdco and Encora Holdings via a share-swap deal with no cash outflow. The acquisition, valued at ₹17,032 crore, will be funded through the issuance of ~9.38 crore equity shares at ₹1,815.91 per share (8% premium to last close). NACL…
December 29, 2025
Market View 29th December, 2025
View on market: Volatility persists, eagerly searching for growth: Global markets showed a mixed but calm mood. Futures in the United States edged slightly lower, while European futures moved higher. Asian stock markets traded with small gains as investors stayed cautious but positive. United States stock futures were…
December 26, 2025
Market View 26th December, 2025
View on market: Volatility persists, eagerly searching for growth: Global markets showed a mixed tone during Asian trading hours. US index futures were slightly higher, while European futures edged marginally lower, reflecting a cautious mood among investors. Asian equities recorded modest gains in thin trading, supported mainly by…
Indian Railways is set to achieve a key milestone in its rail modernisation programme with the development of its first dedicated high-speed test track, scheduled for completion by March 2026. The project is being executed by the Research, Designs and Standards Organisation (RDSO) under the North Western Railway…
The Government of India has intensified efforts to strengthen the country’s industrial ecosystem by expanding and upgrading industrial parks to improve scale, competitiveness and infrastructure quality. These initiatives are aimed at supporting manufacturing growth, attracting investment and boosting employment across regions. Expanding Industrial Land Bank According to the…
Rajasthan-based real estate and infrastructure company Manglam Group has announced plans to invest ₹1,000 crore (approximately US$120 million) to expand its presence in the hospitality sector, marking a strategic diversification into new business verticals. The proposed investment will be directed towards developing new hotel projects and enhancing service…
The strategic importance of critical minerals in strengthening India’s defence preparedness and long-term economic vision was underscored during a recent high-level roundtable held in New Delhi. The event, titled “Minerals That Matter: Geopolitics, Sovereignty & Value Chains,” was jointly organised by the Centre for Joint Warfare Studies (CENJOWS)…
Larsen & Toubro’s Hydrocarbon Onshore business has secured a ‘major’ Engineering, Procurement, Construction and Commissioning (EPCC) order from Bharat Petroleum Corporation Limited (BPCL) for building India’s largest flexible petrochemical facility. As per L&T’s project classification, the order falls under the major projects category, typically valued between ₹5,000 crore…
Vikran Engineering Limited has announced the receipt of a major engineering, procurement and construction (EPC) contract valued at ₹2,035.26 crore from Onix Renewables Limited for the development of a 600 MW AC solar power project. Project Scope and Execution The order involves end-to-end turnkey EPC services, including design,…
Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of Australia’s North Queensland Export Terminal (NQXT), marking a key milestone in its overseas expansion strategy. Following the closure of the transaction, the company has revised its FY26 cargo volume and earnings guidance upward, reflecting the…