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,…
Ugro Capital Limited has announced that its board of directors will meet on September 17, 2025, to consider a proposal for raising funds through the issuance of non-convertible debentures (NCDs) on a private placement basis. Purpose of the Meeting The board meeting is scheduled to evaluate and potentially…
Shares of The Phoenix Mills Ltd are trading ex-date today, making shareholders registered in the company’s books eligible for a final dividend of ₹2.50 per equity share of face value ₹2 each for the financial year ended March 31, 2025. The dividend is subject to approval at the…
Senores Pharmaceuticals Limited has successfully completed its acquisition of 8,454 equity shares in Havix Group Inc. (Aavis Pharmaceuticals), finalizing a transaction that began in March 2025. Acquisition Details The acquisition was executed in two phases: Direct Acquisition: 7,914 shares were acquired directly by Senores Pharmaceuticals. Subsidiary Acquisition: The…
The Securities and Exchange Board of India (SEBI) has cleared a set of important regulatory reforms for the mutual fund industry, aimed at enhancing investor protection, encouraging wider participation, and deepening financial inclusion. The decisions were taken at the regulator’s latest board meeting held on Friday. Key Decisions…
New Delhi, September 15, 2025: In its 211th board meeting, the Securities and Exchange Board of India (SEBI), chaired by Tuhin Kanta Pandey, unveiled a comprehensive set of reforms aimed at modernizing India’s financial markets, enhancing transparency, and attracting global investment. 10 Key Highlights from SEBI’s Latest Board…
MSTC Limited has secured a contract from a domestic authority to develop a digital platform for trading Extended Producer Responsibility (EPR) certificates, reinforcing its position in India’s environmental compliance and digital infrastructure space. Project Scope Under the terms of the contract, MSTC will be responsible for designing, developing,…
Religare Enterprises Limited (REL) has successfully raised up to ₹1,499.99 crore through a preferential allotment of 6.38 crore convertible warrants at ₹235 per warrant. The allotment was made to 11 investors, comprising both promoter and non-promoter entities. Warrant Conversion Details Each warrant is convertible into one equity share…
Kolkata, September 12: Himadri Speciality Chemical Ltd has strengthened its strategic investment in Sicona Battery Technologies Pty Ltd by subscribing to 15 lakh Compulsorily Convertible Notes (CCNs), amounting to AUD 15 lakh (1.5 million). This forms part of a broader AUD 1.5 crore (15 crore INR) investment plan…