Sona BLW Precision Forgings Ltd. (Sona Comstar) has entered into a memorandum of understanding (MoU) with Germany-based NEURA Robotics GmbH to jointly develop advanced automation technologies and industrialise robots and humanoids in India and global markets. Following the announcement, Sona BLW’s stock surged 4% on Friday, October 10.…
Kotak Mutual Fund has announced a temporary halt on lumpsum and switch-in investments in its Kotak Silver ETF Fund of Fund, effective October 10, 2025. The suspension comes in response to a sharp rise in domestic silver premiums, caused by an acute scarcity in India’s physical silver market.…
India and the United Kingdom have unveiled a series of initiatives aimed at deepening bilateral defence cooperation, including a government-to-government agreement for the supply of Lightweight Multirole Missile (LMM) systems to bolster India’s air defence capabilities. The announcements followed wide-ranging talks between Prime Minister Narendra Modi and his…
Tata Consultancy Services (TCS) reported a consolidated net profit of ₹12,075 crore for the quarter ended September 30, 2025 (Q2FY26), marking a modest 1.4% year-on-year increase from ₹11,909 crore in the same quarter last year. The IT giant’s earnings were impacted by one-time restructuring costs following a reduction…
Tata Elxsi Ltd reported a 7.2% sequential increase in net profit to ₹154.8 crore for the quarter ended September 2025 (Q2FY26), compared to ₹144.4 crore in the preceding quarter, signalling a gradual recovery after a soft start to the fiscal year. Revenue and Margin Performance The company’s revenue…
ICICI Prudential Life Insurance Company reported a 6.1% year-on-year increase in its new business premium for September 2025, which stood at ₹1,761 crore, according to its monthly business update. On a sequential basis, the premium was slightly lower than ₹1,776 crore recorded in August. Annualised Premium Equivalent and…
Tata Motors Ltd, India’s leading automobile manufacturer, has officially implemented its Composite Scheme of Arrangement involving TML Commercial Vehicles Ltd (TMLCV) and Tata Motors Passenger Vehicles Ltd (TMPV), effective October 1, 2025. The announcement follows approvals from the National Company Law Tribunal (NCLT), Mumbai Bench, through orders dated…
Univastu India Declares 2:1 Bonus Issue; Shareholders to Receive Two Extra Shares for Every One Held
Univastu India Ltd, an engineering, procurement, and construction (EPC) firm specializing in civil infrastructure projects, has announced a 2:1 bonus issue for its shareholders. The move is seen as a shareholder-friendly step aimed at improving liquidity and enhancing retail participation in the company’s stock. Details of the 2:1…
Afcons Infrastructure Ltd, part of the Shapoorji Pallonji Group, announced that it has secured a civil and allied infrastructure works contract worth ₹576 crore (including GST) as part of its regular business operations. MCA Inspection Extended to FY2024–25 In a separate regulatory filing, Afcons disclosed that it has…
Canara HSBC Life Insurance Company Ltd has garnered a strong response from institutional investors, raising ₹750.32 crore through its anchor book just a day before its initial public offering (IPO) opens for public subscription. The robust participation underscores investor confidence in the insurer’s growth trajectory and business fundamentals.…