EyeROV, a deep-tech startup specialising in underwater robotics, has secured a ₹47 crore contract from the Indian Navy to supply advanced Underwater Remotely Operated Vehicles (UWROVs). The systems will enhance the Navy’s capabilities in underwater surveillance, reconnaissance, and other specialised missions. Deal Overview The contract covers EyeROV’s indigenously…
Vishvaraj Environment, a leading developer in water utility and wastewater management, has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its initial public offering (IPO) to raise ₹2,250 crore through a mix of fresh issue and Offer for Sale (OFS). Premier Financial Services is the promoter…
RBL Bank has entered into a strategic bancassurance partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer. The tie-up will allow RBL Bank customers to access LIC’s full range of life insurance products through the bank’s 2,000+ service touchpoints, supported by LIC’s 3,600+ branches…
Canara Bank announced that its subsidiary, Canara Robeco Asset Management Company Ltd. (Canara Robeco AMC), has received SEBI’s approval for its Updated Draft Red Herring Prospectus (UDRHP). This marks a key step toward the company’s much-anticipated Initial Public Offering (IPO). SEBI Clears UDRHP of Canara Robeco AMC The…
Parag Parikh Flexi Cap Fund (PPFAS AMC) is introducing an IDCW (Income Distribution cum Capital Withdrawal) option alongside its existing Growth option, effective October 31, 2025. Unit holders who do not wish to continue under the revised scheme can exit without exit load during a one-time window from…
ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Conglomerate Fund, an open-ended equity scheme designed to invest in promoter-led groups with at least two listed companies across multiple sectors. The fund aims to capture the growth potential of India’s leading conglomerates while offering portfolio…
Tata Steel Nederland (TSN), the Dutch subsidiary of Tata Steel, has signed a non-binding Joint Letter of Intent (JLoI) with the Government of the Netherlands and the Province of North-Holland. The agreement lays the groundwork for a comprehensive decarbonisation and health project at TSN’s IJmuiden steelworks, aimed at…
Global brewing major Carlsberg Group has unveiled a ₹1,250 crore investment plan to expand its footprint in India’s food processing sector. The commitment was formalised through a Memorandum of Understanding (MoU) signed with the Ministry of Food Processing Industries (MoFPI) during the World Food India 2025 event. Investment…
President Donald Trump has announced plans to impose a 100% tariff on all films produced outside the United States, marking a potential first in U.S. trade policy for the movie industry. The proposal, initially raised in May, aims to address perceived losses in domestic film production. Trump’s Statement…
Uttar Pradesh’s Defence Industrial Corridor (UPDIC) has secured investments worth ₹34,000 crore in the aerospace and military equipment sectors, strengthening India’s push for self-reliance under the Make in India initiative. The corridor spans six nodes: Kanpur, Jhansi, Lucknow, Aligarh, Agra, and Chitrakoot. Land Allotment and Industrial Setup The…