Investment to Boost Shipyard Capacity, Skill Development, and Maritime Innovation Swan Defence and Heavy Industries (SDHI) has inked a landmark Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for a strategic investment of Rs 4,250 crore. This collaboration is poised to modernize India’s maritime infrastructure, create…
Several listed companies are in the spotlight today owing to fresh agreements, MoUs, acquisitions, and regulatory updates. Here’s a roundup of the latest developments from corporate India: Defence & Shipping Sector Moves Swan Defence Signs Rs 4,250 Crore MoU with Gujarat Maritime Board Swan Defence has signed a…
Synopsis: The US has scrapped the sanctions waiver for Iran’s Chabahar Port, effective September 29, 2025, ending India’s exemption and threatening penalties for firms involved. The move jeopardises New Delhi’s $370 million investment, complicates its bid to turn Chabahar into a regional trade hub, and undermines India’s strategic…
Synopsis: Adani Power has set September 22, 2025, as the record date for its 1:5 stock split, converting each ₹10 share into five shares of ₹2. The move is aimed at improving liquidity and broadening retail investor participation. Adani Power Limited has announced a stock split in the…
Synopsis: Jain Resource Recycling Ltd has fixed the price band of its ₹1,250 crore IPO at ₹220–₹232 per share. The issue opens on September 24 and closes on September 26, comprising a fresh issue of ₹500 crore and an offer-for-sale (OFS) of ₹750 crore. Jain Resource Recycling Ltd…
Synopsis: Reliance Industries Limited (RIL) has merged Reliance Exploration & Production DMCC with Reliance Industries (Middle East) DMCC, effective September 16, 2025, in a strategic move to simplify its corporate structure and improve efficiency across its international energy portfolio. Mumbai, September 19 – Reliance Industries Limited (RIL) has…
Synopsis: India’s first private gold mine at Jonnagiri in Andhra Pradesh, developed by Geomysore Services and Deccan Gold Mines Ltd, is set to produce 750 kg of gold per year, a milestone that could ease India’s heavy reliance on imports. India is poised to open a new chapter…
Synopsis: Texmaco Rail & Engineering Ltd has bagged a ₹86.85 crore contract from Ultratech Cement for the supply of BCFC wagons and a brake van. This comes shortly after winning a ₹129.09 crore order from RVNL earlier this month. Texmaco Rail & Engineering Ltd on Thursday announced that…
Vedanta Ltd on Thursday announced that it has been declared the preferred bidder for the Punnam manganese block in Andhra Pradesh, following a competitive e-auction conducted by the state’s Department of Mines & Geology. Block Details and Auction Outcome According to the official notification issued on September 18,…
Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, announced that its biosimilar Yesafili (aflibercept) has been included under Ontario’s public insurance system in Canada, improving access for patients with serious retinal disorders. Broader Access Through Public Coverage The funding applies to both vial and prefilled syringe presentations…
