IIFL Finance has announced plans to raise fresh capital through a public issuance of secured non-convertible debentures (NCDs), signalling its intent to strengthen its lending operations and support future business expansion. Board Gives Green Light for Fundraising Plan The company’s Board has approved a proposal to issue secured,…
Pace Digitek has secured a significant business milestone with its subsidiary, Lineage Power, receiving a supply contract valued at ₹199.42 crore from Larsen & Toubro (L&T) Construction. The update, released on November 26, 2025, confirms that the order is linked to a major power infrastructure initiative in Bihar.…
The Union government has approved two major railway capacity-building projects valued at nearly ₹2,781 crore, marking another step toward strengthening India’s transport ecosystem. The projects were sanctioned by the Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, following proposals submitted by the Ministry of…
WiproPartners with the Indian Institute of Science to accelerate innovation across frontier technologies. Den NetworksSells its entire stake in Den Fateh Marketing, Den Budaun Cable Network, and Mahadev Den Cable Network; all three cease to be subsidiaries. Pidilite IndustriesIts subsidiary to invest ₹5.1 crore in MagicDecor through a…
November 27, 2025
Market View 27th November, 2025
View on market: Volatility persists, eagerly searching for growth: US and European index futures moved slightly higher during Asian trading hours, reflecting continued optimism across global markets. Asian equities followed the positive tone from Wall Street, where major benchmarks extended their advance on hopes that the Federal Reserve…
Debt-oriented mutual funds saw a strong rebound in October, registering net inflows of ₹1.6 lakh crore, mainly supported by fresh allocations into liquid and overnight funds. This marks a sharp turnaround from the significant ₹1.02 lakh crore outflow recorded in September, according to data released by the Association…
Welspun Corp Limited has initiated arbitration proceedings seeking damages between USD 35.5 million and USD 43.5 million from Wasco Coatings Limited and Wasco Energy Limited. The claim is being pursued under the Rules of Arbitration of the International Chamber of Commerce (ICC) in London. Origin of the Dispute…
Apple Inc. has approached the Delhi High Court challenging recent amendments to India’s competition law, which permit the Competition Commission of India (CCI) to calculate penalties based on a company’s global revenue. The petition lists the Union of India and the CCI as respondents and contests the 2023…
The Ministry of Steel has confirmed an investment exceeding ₹400 crore in the Salem Steel Plant operated by Steel Authority of India Limited (SAIL). The funding aims to support capacity enhancement and operational upgrades at the facility, aligning with SAIL’s ongoing infrastructure development plans. Investment Overview The sanctioned…
With the November 30 cutoff nearing, the Central government has issued a reminder to eligible employees and retirees under the National Pension System (NPS) to submit their requests for migration to the newly implemented Unified Pension Scheme (UPS). According to sourced information, adoption of the new scheme remains…