Shares of Shriram Finance moved higher on December 15, 2025, rising about 2% following reports that Japan-based Mitsubishi UFJ Financial Group (MUFG) is in advanced discussions to invest $3.2 billion, or approximately ₹29,200 crore, to acquire a 20% stake in the company. The development points to a major…
Renny Strips Limited, a Ludhiana-based manufacturer of steel products, has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India to raise funds through an initial public offering. The company is engaged in the production of wire rods, hot-rolled coils, ERW pipes and tubes,…
Granules IndiaReceived Establishment Inspection Report (EIR) from the US FDA for inspection conducted between July 28 and August 1. B L Kashyap & SonsSecured construction orders worth ₹6.16 billion from Sattva CKC. HCL TechnologiesAurobay Technologies expanded its digital transformation partnership with the company. Deccan CementsCommissioned Line-3 cement plant…
The Production Linked Incentive (PLI) scheme has become a pivotal policy measure in enhancing India’s manufacturing capabilities and strengthening the country’s position in global trade. Launched by the Government of India, the scheme is designed to promote large-scale manufacturing, improve economies of scale, and attract both domestic and…
Inox Wind Limited (IWL) has received a 102.3 MW wind power order from ABREL EPC Ltd., a subsidiary of Aditya Birla Renewables Limited (ABReL). This marks the first collaboration between Inox Wind and the Aditya Birla Renewables Group, representing a strategic milestone for the company. Project Details and…
Swiggy Limited has successfully closed its Qualified Institutions Placement (QIP), raising ₹10,000 crore through the issuance of equity shares. The transaction marks one of the largest fundraises in India’s consumer technology sector, attracting a diverse set of global and domestic institutional investors. Issue Details and Pricing The QIP…
The third week of December 2025 is expected to witness active primary market participation, with one mainboard IPO and four SME IPOs scheduled for subscription. Investors will have opportunities to participate in both large-scale and small-scale offerings during this period. Mainboard IPO KSH International KSH International is launching…
The Ministry of External Affairs (MEA) has confirmed that more than 1.7 million Indians have given up their citizenship since 2014, as per data presented in Parliament. While the annual numbers were relatively stable in the years preceding the Covid-19 pandemic, a notable shift occurred post-pandemic, with a…
The Government of India continues to bolster the country’s startup ecosystem through three flagship initiatives under the Startup India programme, focusing on enhancing access to finance and promoting innovation-driven enterprises. These schemes, administered by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and…
India’s automobile sector recorded robust wholesale performance in November 2025, with all major segments—including passenger vehicles, two-wheelers, and three-wheelers—registering strong double-digit growth, according to the Society of Indian Automobile Manufacturers (SIAM). Segment-Wise Performance Passenger Vehicles: Sales reached 4,12,405 units, up nearly 19 percent year-on-year, marking the highest November…
