Nestle India Limited, the leading FMCG giant, has announced a major expansion of its Maggi Noodles production capacity at its Sanand Factory in Gujarat, reinforcing its confidence in India’s growing instant noodles market. Expansion Highlights Investment: ₹85 crore, funded via internal accruals. New Capacity: Additional 20,600 tons per…
New Delhi-based PC Jeweller Ltd has reported a strong performance in the second quarter of FY2025-26, driven by robust festive demand for gold jewellery and significant progress on its debt reduction strategy. Q2 Financial Highlights Revenue: Rose 63% YoY to ₹808 crore in July–September 2025, up from ₹496…
Ashoka Buildcon Limited has strengthened its infrastructure portfolio by acquiring a majority 61.17% stake in Jaora-Nayagaon Toll Road Company Private Limited (JTCL). The acquisition was executed through its subsidiary, Viva Highways Limited, which purchased 7,46,20,000 equity shares from Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure…
CSB Bank has reported a strong performance in its September quarter provisional business update, with robust growth across both deposits and advances. The lender’s total deposits rose 25% year-on-year to ₹39,651 crore, while gross advances surged 29% to ₹34,730 crore, underscoring its steady momentum in credit expansion. Key…
India — SKF India Limited has announced that October 15, 2025 will be the record date for its demerger, which splits off its industrial business into a new company, SKF India (Industrial) Limited. As of that date, every shareholder in the existing SKF India will receive one fully…
Abu Dhabi’s International Holding Company (IHC) has announced a landmark investment of nearly $1 billion (₹8,850 crore) into Sammaan Capital Limited (formerly Indiabulls Housing Finance), marking one of the largest primary capital infusions by a single investor into India’s non-banking financial sector (NBFC). The investment, through IHC’s subsidiary…
Sammaan Capital: Avenir Investment Infuses ₹8,850 Crore Avenir Investment to acquire a 43.46% stake through shares and warrants at ₹139 apiece, an 18% discount to current price. Investment split into ₹4,587 crore via shares and the rest through warrants in two tranches. An open offer will follow. CSB…
RITES Limited, India’s leading transport infrastructure consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with Etihad Rail to strengthen business collaboration with its subsidiary, National Infrastructure Construction Company (NICC) LLC, a prominent UAE-based infrastructure construction company. The partnership aims to advance joint projects in mobility…
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹31.8 lakh on Indian Overseas Bank (IOB) for non-compliance with guidelines related to Priority Sector Lending (PSL) – Targets and Classification. Reason for Penalty According to RBI, supervisory findings revealed discrepancies in how IOB met its…
Oil India Limited (OIL) and GAIL India Limited (GAIL) have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation across the natural gas value chain. The partnership is designed to unlock synergies that will boost domestic gas availability, improve access to demand centres, and advance India’s transition…