Mumbai, September 30: The Securities and Exchange Board of India (SEBI) has issued an administrative warning to Godrej Agrovet Limited for lapses in timely disclosures related to its indirect acquisition of Astec Lifesciences Limited. SEBI’s Findings In a letter dated September 29, SEBI observed that Godrej Agrovet failed…
Zaggle Prepaid Ocean Services has announced the acquisition of Greenedge Enterprises Private Limited for up to ₹25 crore, aiming to bolster its offerings in the loyalty and rewards segment. The acquisition includes 100% of Greenedge’s equity shares, along with an additional investment of up to ₹25 crore to…
The Securities and Exchange Board of India (SEBI) has barred Man Industries (India) Ltd and three of its top executives, including the Chairman, from accessing the securities markets for two years. The order comes after the regulator found evidence of financial misreporting and alleged fund diversion spanning multiple…
Indian Railway Finance Corporation Ltd (IRFC), the government-owned financing arm for railways and allied infrastructure, has entered into two major loan agreements totaling ₹16,489 crore to support upcoming supercritical thermal power projects in Haryana and Maharashtra. The agreements mark a significant push in strengthening state-level generation capacity and…
State-run defence and aerospace electronics company Bharat Electronics Ltd (BEL) on Monday announced that it has secured additional orders valued at ₹1,092 crore, strengthening its order pipeline across multiple defence segments. New Orders Across Key Defence Domains According to BEL’s regulatory filing, the newly bagged contracts cover a…
Stay ahead with today’s key market updates across corporates, financials, and regulatory actions. 🔑 Major Developments IRFC Signs Mega Loan Deals Worth ₹16,489 Crore Indian Railway Finance Corporation (IRFC) inked two major loan agreements to fund supercritical thermal power projects in Haryana and Maharashtra. ₹5,929 crore with Haryana…
Indian equities experienced $2.3 billion in outflows since July 2025, as Global Emerging Market (GEM) funds cut their allocation to India to 16.7%, the lowest level in 22 months, according to the Elara Global Liquidity Tracker. At the same time, China’s allocation in GEM funds climbed sharply to…
In a major boost to India’s air defence capabilities, the Indian Army has floated a ₹30,000 crore tender to Bharat Electronics Limited (BEL) for the procurement of the indigenously developed Anant Shastra missile systems, aimed at strengthening strategic borders with China and Pakistan, according to ANI reports. Enhancing…
Mumbai, September 2025: The Indian aviation industry is set to face a challenging fiscal year in FY2026, with rating agency Icra projecting net losses between Rs 95 billion and Rs 105 billion, a sharp rise from the estimated Rs 55 billion loss in FY2025. Slowing Passenger Growth and…
Oil India Limited (OIL), the Maharatna PSU under the Ministry of Petroleum & Natural Gas, has confirmed the occurrence of natural gas in its second exploratory well, Vijayapuram-2, located in the Andaman Shallow Offshore Block under the Open Acreage Licensing Policy (OALP). Preliminary Findings: Initial production testing revealed…