RattanIndia Power Limited (RPL) has successfully defended itself against a legal challenge from REC Limited, with the National Company Law Tribunal (NCLT), New Delhi, dismissing an insolvency petition filed against the company. Key Highlights The petition was filed by REC Limited under Section 7 of the Insolvency and…
Trident Limited, a leading Indian textile manufacturer, has secured a major relief from the Goods and Services Tax (GST) authorities. The company announced that GST demand proceedings totaling ₹518.66 crore, related to the financial years 2018-19 and 2020-21, have been formally dropped by the authorities. Details of the…
Rating and Investment Information, Inc. (R&I), a prominent Japanese credit rating agency, has upgraded India’s long-term sovereign credit rating from ‘BBB’ to ‘BBB+’, while maintaining a Stable Outlook for the economy. Third Sovereign Upgrade in 2025 This marks the third sovereign rating upgrade for India in 2025. Earlier…
ESAF Small Finance Bank has announced key strategic initiatives to bolster its capital base and support future growth. These decisions were approved by the Board of Directors in a meeting held on September 20, 2025. Capital Raising Initiatives The Board has approved the raising of Tier I capital…
Algoquant Fintech Limited, a leading financial technology company, has achieved a major milestone by securing a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a Depository Participant (DP) with Central Depository Services (India) Limited (CDSL). Registration Details The registration has been…
Power Grid Corporation of India Limited (POWERGRID) has secured a key inter-state transmission system project in Madhya Pradesh, strengthening its role in the state’s power infrastructure and supporting renewable energy integration. The project was awarded through a tariff-based competitive bidding (TBCB) process. Project Overview The newly awarded project…
Oil India Limited (OIL) has entered into a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to establish a Joint Venture Company (JVC) aimed at developing 1.2 gigawatts (GW) of renewable energy in Rajasthan. Project Overview The renewable energy project will comprise: 1,000 MW…
Shakti Pumps Ltd has won a significant order to supply and install 25,578 off-grid solar water pumping systems under the Maharashtra PM-KUSUM scheme (Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan). The cumulative value of the order is Rs 702.69 crore, secured across multiple tranches, with the final…
PNC Infratech Ltd has received a Letter of Acceptance (LoA) worth ₹495.5 crore from the Bihar State Road Development Corporation (BSRDC) for a major infrastructure project. The project involves the construction of a high-level bridge and approach road along the Hathouri-Atrar-Bavangama-Aurai Road, spanning a total length of 21.3…
Ashoka Buildcon Limited (ABL) has announced the mutual foreclosure of a significant EPC (Engineering, Procurement, and Construction) project in Ivory Coast, originally valued at €18.50 million. The project involved the construction of 100 drinking water wells and the supply and installation of drinking water units across 35 villages,…