Shree Cement Limited has secured preferred bidder status for a limestone mining lease in Andhra Pradesh, marking a strategic step toward strengthening its raw material sourcing capabilities. The development coincided with a modest uptick in the company’s share price during intraday trading on March 18, 2026. Preferred Bidder…
State Bank of India has successfully raised ₹6,051 crore through its second Basel III-compliant Tier 2 bond issuance for FY2025–26, reinforcing its capital position amid continued business growth. Bond Issue Details and Investor Participation The 10-year bonds carry an annual coupon of 7.05% and include a call option…
LTM Limited has officially completed its corporate rebranding from LTIMindtree Limited after receiving a fresh Certificate of Incorporation from the Ministry of Corporate Affairs. The name change has come into effect from March 17, 2026. Regulatory Approval and Name Change The transition follows prior approval from shareholders and…
New Fund Offers (NFOs) present investors with an opportunity to enter mutual fund schemes at their inception, typically priced at ₹10 per unit. These offerings span a range of strategies, including equity, index-based, and hybrid allocations, catering to varied investment objectives. Several asset management companies are set to…
Stable Money has secured $25 million in a pre-Series C funding round, resulting in the founders’ combined shareholding declining to approximately 30%. The round was led by Peak XV Partners, with participation from Z47, RTP Global, and Fundamentum Partnership. Funding Details and Valuation Growth The transaction values the…
Escalating geopolitical tensions involving the United States and Iran are raising concerns over the safety of nearly $1.3 billion in investments made by around 800 Indian SMEs in the United Arab Emirates. Businesses with exposure to sectors such as retail and hospitality are particularly vulnerable amid the evolving…
Gurugram-based direct-to-consumer pet care brand Moe Puppy has secured ₹2 crore in pre-seed funding, with the round led by PedalStart. The investment also saw participation from Zindagi Live Angel Fund along with a network of angel investors. Capital Allocation and Strategic Focus This marks the company’s first external…
SBI Mutual Fund has strengthened its position in Urban Company by acquiring an additional 4% stake in a transaction valued at approximately ₹632 crore. The move comes alongside the exit of key institutional investors, including Wellington Management Company and DF International Partners. Strategic Investment by SBI Mutual Fund…
Foxconn is undergoing a strategic transformation, with its artificial intelligence (AI) business emerging as a primary revenue driver, surpassing its traditional consumer electronics segment. AI Business Becomes Core Revenue Contributor In 2025, Foxconn’s cloud and networking division—encompassing AI server manufacturing—contributed 40% of total revenue, overtaking the consumer electronics…
Punjab National Bank has issued a notification to customers holding inoperative accounts, urging them to complete their Know Your Customer (KYC) formalities by April 15, 2026. Accounts that remain non-compliant beyond this deadline may face closure from April 16, 2026 onward. What Qualifies as an Inoperative Account? As…