The Indian government has moved to restrict imports of plain silver jewellery, with the measures in effect immediately and set to continue until March 31, 2026. The decision, announced by the Directorate General of Foreign Trade (DGFT) on September 24, comes in response to a sharp rise in…
Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat, has received confirmation of a Provisional Attachment Order from the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA). The order attaches company land valued at approximately Rs. 377.26 crore, forming part of a larger Rs. 793.34 crore…
Kotak Mahindra Asset Management Company (AMC) has launched the Kotak Nifty 200 Momentum 30 ETF, an open-ended exchange-traded fund (ETF) that tracks the Nifty 200 Momentum 30 Index. Subscription Window The ETF is open for subscription from September 22 to October 6, 2025. About the Nifty 200 Momentum…
Mumbai, September 25 – Quality Power Electrical Equipments Limited (QPEEL) announced that its subsidiary, Mehru Electrical and Mechanical Engineers Pvt. Ltd., has entered into a co-development agreement with Hyosung T&D India Pvt. Ltd. for gas-insulated switchgear (GIS) instrument transformers. The strategic partnership aims to combine Hyosung’s global expertise…
Axis Max Life Insurance Limited has launched the High Growth Pension Fund, an actively managed, equity-focused pension plan under the Axis Max Life Forever Young Pension Plan. The fund is structured as a Unit-Linked Non-Participating Individual Pension Plan and is designed to help investors build a retirement corpus…
Sterlite Technologies Limited (STL) unveiled its latest innovation, the Unitube Single Jacket Indoor Optical Fibre Cable featuring Multi-Core Fiber (MCF) technology, at Connected Britain 2025. The new cable integrates four fiber cores within a standard single-core cladding diameter, dramatically increasing data transmission capacity without enlarging the cable footprint.…
Mumbai, September 25 – SMC Global Securities Limited has unveiled plans to reward its shareholders through a 1:1 bonus share issue, effectively doubling its paid-up share capital. Under the proposal, shareholders will receive one bonus equity share (face value ₹2) for every share they currently hold. The company…
Lupin Ltd, one of India’s leading pharmaceutical companies, has received tentative approval from the US Food and Drug Administration (USFDA) for its generic version of Bictegravir, Emtricitabine, and Tenofovir Alafenamide tablets (50 mg/200 mg/25 mg), used in the treatment of human immunodeficiency virus (HIV) infection. The approval, granted…
Eimco Elecon (India) Ltd. has announced that its promoter group entity, Tamrock Great Britain Holdings, will exercise an oversubscription option in its ongoing Offer for Sale (OFS), potentially leading to a complete exit from the company. Tamrock, which held a 24.68% stake in the mining and construction equipment…
Luxury fashion platform Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop (PPUS), has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed ₹660 crore initial public offering. The company, which operates an omnichannel marketplace for…