The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the disbursement of a Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for railway employees for the financial year 2024-25. The move will benefit 10.91 lakh non-gazetted employees across Indian Railways. Financial Implications The total financial…
Jaguar Land Rover (JLR) has extended the shutdown of its global manufacturing operations until October 1, following a cyberattack that has disrupted its IT systems since August 31, 2025. A spokesperson for JLR said the extension allows the company to plan a phased and secure restart of production,…
The Reserve Bank of India (RBI), in its September Bulletin, highlighted the resilience of the Indian economy, driven by strong domestic demand, GST reforms, and low inflation, despite global uncertainties such as U.S. trade tariffs and fiscal pressures in advanced economies. Q1 FY26 Growth The economy recorded a…
Mumbai, September 2025 – Power Grid Corporation of India Limited (POWERGRID) has taken a strategic step to expand its renewable energy transmission capabilities in Karnataka by acquiring Davanagere Power Transmission Limited (DPTL) for approximately Rs 6.53 crore. Acquisition Overview DPTL, a special purpose vehicle (SPV), was established to…
Gujarat Pipavav Port Limited, a leading private port operator, has been awarded a five-year contract by Oil and Natural Gas Corporation (ONGC) to provide port and storage facilities at Pipavav Port. The agreement, effective from October 1, 2025, will see the port supporting ONGC’s offshore supply base operations.…
The investment is part of Tata Steel’s ongoing strategy to strengthen its international operations. It follows a series of earlier capital infusions between May and August 2025, aimed at supporting growth, operational efficiency, and global competitiveness. Regulatory Disclosure The company has informed the stock exchanges about this development…
THDC India Limited, a subsidiary of NTPC, has commissioned Unit II (660 MW) of the Khurja Super Thermal Power Plant (STPP), marking a significant expansion in India’s power generation capacity. The commissioning took effect from 00:00 hours today. Capacity Expansion With this addition, the NTPC Group’s total installed…
CRISIL, a leading global analytics and ratings firm, has announced the acquisition of McKinsey PriceMetrix Co., a Canadian wealth management software provider, for USD 38 million (approximately ₹335 crore). The deal, executed through CRISIL’s subsidiary Crisil Canada Inc., is expected to close within 180 days. About the Acquisition…
AlgoQuant Fintech Limited has announced a strategic investment of ₹12.8 million in its wholly-owned subsidiary, AlgoQuant Global Securities Private Limited (AGSPL), marking a decisive step toward expanding its footprint in the stock broking industry. Investment and Allotment Details The infusion of capital was executed through a rights issue,…
The Competition Commission of India (CCI) has granted approval for a comprehensive corporate restructuring involving Apollo Hospitals Enterprise Limited (AHEL), Apollo Healthco Limited (AHL), and Keimed Private Limited (Keimed). The move encompasses a series of mergers, demergers, and acquisitions aimed at consolidating operations under a newly incorporated entity,…