India’s ambitious ₹7,300 crore incentive scheme to build a domestic rare earth magnet industry faces major challenges following China’s new export restrictions on key processing equipment. The curbs, imposed by China’s Ministry of Commerce, extend export licensing to machinery used in rare earth refining—such as centrifugal extraction systems…
Knowledge Marine & Engineering Works Ltd. (KMEW) has received a Letter of Intent (LOI) worth ₹385.76 crore from the V.O. Chidambaranar Port Authority (VOCPA) for the hiring of a 60-ton electric green tug under the Green Tug Transition Program (GTTP). The 15-year contract underscores India’s push toward decarbonising…
The Bank of Maharashtra has classified its ₹488 crore exposure to Reliance Communications (RCOM) as fraudulent, becoming the fourth public sector lender—after SBI, Bank of Baroda, and Bank of India—to do so. The decision adds to the growing scrutiny of RCOM’s financial conduct amid its ongoing insolvency proceedings.…
Larsen & Toubro (L&T), one of India’s leading engineering and construction conglomerates, is reportedly close to securing a major shipbuilding and repair contract with global shipping giant Maersk, valued at up to $400 million. Deal Overview Aspect Details Parties Involved L&T and Maersk Nature of Agreement Shipbuilding and…
Aelea Commodities, a leading cashew processing company, reported a stellar performance for the first half of FY2025-26, with sharp gains across revenue, profitability, and operational efficiency. The strong results reflect the company’s strategic focus on capacity utilization and sustainable growth. Financial Highlights (Standalone – H1 FY26) Metric H1…
Gujarat Industries Power Company Limited (GIPCL) has commissioned an additional 105 MW of solar capacity at its Khavda project in the Great Rann of Kutch, taking the total operational capacity to 315 MW. This marks more than half the completion of its planned 600 MW solar power project,…
Hatsun Agro Product Limited, one of India’s leading dairy companies, has reported a robust performance for the second quarter of FY2025-26, driven by strong demand and improved operational efficiency. Financial Highlights (₹ crore) Metric Q2 FY2025-26 Q2 FY2024-25 YoY Change Revenue 23,800 20,700 +15% EBITDA 3,310 2,420 +37%…
The Multi Commodity Exchange of India (MCX) has launched monthly options contracts on its MCX iCOMDEX Bullion Index, marking a key expansion in its precious metals derivatives portfolio. The new contracts aim to enhance flexibility for traders, hedgers, and investors seeking exposure to gold and silver through a…
Ramco Systems, a leading global aviation software provider, has signed a Memorandum of Understanding (MoU) with The ePlane Company, an IIT Madras–incubated startup developing India’s first flying electric taxi. The collaboration aims to implement Ramco Aviation Software for the lifecycle management of ePlane’s e200X eVTOL aircraft, marking a…
Puravankara Limited announced that its wholly owned subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Award from SBR Builders for a ₹211.53 crore residential project titled “SBR Global Queen’s Ville.” Project Overview The contract involves core and shell construction along with finishing works for the…