Spandana Sphoorty Financial Ltd has successfully completed the allotment of 8,500 secured redeemable non-convertible debentures (NCDs) worth ₹85 crore and approved a three-tranche expansion program totaling up to ₹425 crore, marking a significant step in the company’s debt capital market strategy. Completed NCD Allotment The initial tranche was…
Japan-based Mizuho Financial Group is set to acquire a controlling stake in Indian financial services firm Avendus Capital from private equity major KKR for up to ¥81 billion, reflecting Japan’s growing financial engagement in India’s banking and investment sector. Acquisition Details Mizuho Securities will purchase between 61.6% and…
The Ministry of Heavy Industries has announced a ₹7,280 crore initiative aimed at strengthening domestic production of rare earth magnets, reducing import dependence, and supporting the entire value chain of magnet manufacturing. Incentives and Financial Support The scheme offers sales-linked incentives capped at ₹2,150 per kilogram of sintered…
The US labour market displayed contrasting trends for October and November amid reporting disruptions caused by a 43-day federal government shutdown. November saw an increase of 64,000 jobs, surpassing economists’ expectations of 40,000, while October recorded a loss of 105,000 positions. The unemployment rate climbed to 4.6%, marking…
The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has granted approval to 16 real estate projects involving a total estimated investment of ₹3,200.16 crore. The approved developments are spread across nine districts in the state and are expected to add 3,845 residential, commercial and mixed-use units, according to…
BLS E-Services has forayed into the mutual fund distribution space after entering into a partnership with Asit C Mehta Investment Intermediates Ltd (ACMIIL), a company under the Pantomath Group, according to media reports. The collaboration enables BLS E-Services to offer mutual fund products as part of its expanding…
Diamond Power Infrastructure Limited has received a letter of intent from Bondada Engineering Limited for the supply of power cables for a domestic project. The contract value is ₹55.54 crore, excluding applicable goods and services tax, and adds to the company’s existing order book. Contract Scope and Structure…
The Competition Commission of India (CCI) has granted approval for ITC Limited’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Limited (ABREL). With the regulatory clearance in place, the ₹3,498 crore transaction can move forward, subject to the conditions agreed upon by both…
NBCC (India) Ltd has secured new work orders aggregating approximately ₹345.04 crore, excluding GST, as disclosed by the company on December 16, 2025. The contracts have been awarded by the Indian Institute of Technology (IIT) Mandi and Kandla Special Economic Zone in the normal course of business. Major…
Ahluwalia Contracts (India) Ltd has secured a construction contract valued at ₹888.38 crore, inclusive of GST, from Bihar State Tourism Development Corporation Ltd, according to an exchange filing by the company. Project Scope and Location The order pertains to civil construction and comprehensive site development work at the…