Power Grid Corporation of India Limited (POWERGRID) has approved the implementation of the North-Eastern Region Expansion Scheme-XXIII (NERES-XXIII) at an estimated cost of ₹209.38 crore. The project is designed to strengthen power transmission infrastructure in the North-Eastern region and will be completed within 30 months from the date…
Bharat Petroleum Corporation Limited (BPCL) and Oil India Limited (OIL), both Maharatna PSUs, have signed a Joint Venture Agreement (JVA) to establish a City Gas Distribution (CGD) network in Arunachal Pradesh. The agreement was formalized at BPCL’s corporate office in the presence of Shri Sanjay Khanna, Director (Refineries)…
BSE Limited, Asia’s oldest stock exchange, has announced a restructuring move aimed at enhancing operational efficiency and streamlining its business structure. The company will merge its subsidiaries – BSE Investments and BSE Administration & Supervision – into BSE Technologies. The consolidation has already been cleared by the BSE…
Biocon Ltd. announced that its wholly owned subsidiary Biocon Pharma Limited has received tentative approval from thlets USP. The drug will be available in 25 mg, 50 mg, and 100 mg strengths. Sitagliptin is prescribed as an adjunct to diet and exe U.S. Food and Drug Administration (USFDA) for…
InterGlobe Aviation Ltd., the parent company of IndiGo, is set to witness another major promoter stake sale. According to a term sheet accessed by NDTV Profit, co-founder Rakesh Gangwal and the Chinkerpoo Family Trust are preparing to divest shares worth nearly ₹7,027.7 crore through a block deal. The…
JSW Steel Limited has announced the incorporation of a new joint venture company, APJSW Private Limited, in partnership with the Andhra Pradesh Mineral Development Corporation Limited (APMDC). The JV, officially incorporated on August 25, 2025, will spearhead the development of the Konijedu Marlapadu Integrated Iron Ore Project in…
InterGlobe Aviation Promoters, including co-founder Rakesh Gangwal and the Chinkerpoo Family Trust, are set to offload shares worth ₹7,028 crore via a block deal. The offer price is fixed at ₹5,808 per share, about 4% lower than the last closing. Biocon Its subsidiary has received tentative USFDA approval…
The Trump administration on Monday (local time) issued a formal notice outlining its plan to impose 50% tariffs on Indian goods, escalating trade tensions between the two countries. The move signals Washington’s determination to move forward with additional levies even as President Trump attempts to broker a peace…
The Union Finance Ministry has announced that central government employees will be allowed a one-time, one-way switch from the Unified Pension Scheme (UPS) to the National Pension System (NPS). This facility is available up to one year before retirement or three months before voluntary retirement, whichever is earlier.…
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday (25 August 2025) said the country’s foreign exchange reserves stand at $695 billion, strong enough to cover 11 months of merchandise exports. Speaking at the FIBAC 2025 annual banking conference in Mumbai, he highlighted the resilience of India’s…
