Private life insurer Canara HSBC Life Insurance Company Ltd, a joint venture of Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank (PNB), has received final observations from the Securities and Exchange Board of India (SEBI) to file its Updated Draft Red Herring Prospectus (UDRHP) for an…
Asahi India Glass Ltd (AIS), one of India’s leading integrated glass manufacturers, has officially opened its Qualified Institutional Placement (QIP) to raise funds. The company has set the floor price at ₹844.79 per share, in line with the Securities and Exchange Board of India’s (SEBI) pricing formula. The…
JSW Energy Limited announced that the Appellate Tribunal for Electricity (APTEL) has dismissed the appeal filed by its step-down subsidiary JSW Renew Energy Five Ltd (JSWREL) regarding tariff adoption for its 500 MW / 1000 MWh Standalone Battery Energy Storage Systems (BESS) Project. Background of the Case The…
AGI Greenpac Limited, a leading glass manufacturer, has unveiled a ₹47 crore capacity expansion plan aimed at strengthening its container and specialty glass production facilities. The investment will help the company meet rising demand across both high-volume and premium market segments. Expansion Details The company’s expansion strategy includes…
Adani Enterprises Ltd (AEL), the flagship incubator of the Adani Group, has secured a Letter of Award (LoA) from National Highways Logistics Management Ltd (NHLML) to construct a ropeway between Sonprayag and Kedarnath, at a total investment of ₹4,081 crore. Project Details The ropeway, spanning 12.9 kilometres, will…
NTPC Green, Ircon JV Commissions 100 MW Project Ircon Renewable Power, a joint venture of NTPC Green and Ircon International, has declared commercial operations for a 100 MW project, taking NTPC Green Energy Group’s total installed capacity to 7,372.575 MW. Wipro Ties Up with CrowdStrike for AI Security…
Maharashtra, September 2025: Shakti Pumps (India) Limited (SPIL), a leading manufacturer of energy-efficient pumps and motors, has achieved a major milestone under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B, securing solar pump orders worth ₹616.3 crore. Rapid Farmer Demand Following its empanelment on August…
Myntra, the Flipkart-owned fashion e-commerce platform, reported a remarkable turnaround in FY25, posting a consolidated net profit of ₹548.3 crore, up from ₹30.9 crore in FY24—a year-on-year surge of over 1,674%. Revenue Growth The company’s consolidated revenue from operations rose 18% to ₹6,042.7 crore in FY25, driven by…
After two consecutive months of contraction, India’s wholesale inflation returned to positive territory in August, with the Wholesale Price Index (WPI) rising to 0.52%. The uptick marks a reversal from July, when WPI recorded a two-year low of -0.58%, and June, which saw a 20-month low of -0.13%.…
Mumbai, September 2025: Larsen & Toubro (L&T), a leading Indian infrastructure and engineering firm, has been awarded a significant contract in the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project, commonly known as India’s bullet train initiative. Scope of the Contract L&T’s Transportation Infrastructure division will handle the design, supply, construction,…