The Union Cabinet has approved a ₹7,280 crore national initiative to develop India’s domestic manufacturing ecosystem for sintered Rare Earth Permanent Magnets (REPM)—a critical component used across clean energy, mobility, and defence technologies. The approval marks India’s first structured effort to build capacity in a sector currently dominated…
Digital Connexion—the joint venture between Reliance Industries, Brookfield, and US-based Digital Realty—has announced an ambitious expansion plan, committing ₹98,000 crore to establish next-generation AI-focused data centres in Visakhapatnam, Andhra Pradesh. The investment marks one of India’s largest digital infrastructure pledges and aims to support the accelerating adoption of…
Thermax has announced a significant international contract valued at ₹580 crore, awarded by Nigeria-based Dangote Industries—West Africa’s largest industrial conglomerate. The order is linked to Dangote’s refinery and petrochemical mega-complex, one of the most ambitious energy infrastructure developments in the region. Order Scope: Boilers, Systems and Turnkey Support…
Paras Defence and Space Technologies Limited has formalized a key defence collaboration by signing a Technology Transfer and Licensing Agreement with the Defence Research and Development Organisation (DRDO). The announcement was made through a regulatory disclosure dated November 26, 2025. Agreement Enables Indigenous Production of Driver Night Sight…
IIFL Finance has announced plans to raise fresh capital through a public issuance of secured non-convertible debentures (NCDs), signalling its intent to strengthen its lending operations and support future business expansion. Board Gives Green Light for Fundraising Plan The company’s Board has approved a proposal to issue secured,…
Pace Digitek has secured a significant business milestone with its subsidiary, Lineage Power, receiving a supply contract valued at ₹199.42 crore from Larsen & Toubro (L&T) Construction. The update, released on November 26, 2025, confirms that the order is linked to a major power infrastructure initiative in Bihar.…
The Union government has approved two major railway capacity-building projects valued at nearly ₹2,781 crore, marking another step toward strengthening India’s transport ecosystem. The projects were sanctioned by the Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, following proposals submitted by the Ministry of…
WiproPartners with the Indian Institute of Science to accelerate innovation across frontier technologies. Den NetworksSells its entire stake in Den Fateh Marketing, Den Budaun Cable Network, and Mahadev Den Cable Network; all three cease to be subsidiaries. Pidilite IndustriesIts subsidiary to invest ₹5.1 crore in MagicDecor through a…
Debt-oriented mutual funds saw a strong rebound in October, registering net inflows of ₹1.6 lakh crore, mainly supported by fresh allocations into liquid and overnight funds. This marks a sharp turnaround from the significant ₹1.02 lakh crore outflow recorded in September, according to data released by the Association…
Welspun Corp Limited has initiated arbitration proceedings seeking damages between USD 35.5 million and USD 43.5 million from Wasco Coatings Limited and Wasco Energy Limited. The claim is being pursued under the Rules of Arbitration of the International Chamber of Commerce (ICC) in London. Origin of the Dispute…