The Government of India is preparing to sell minority stakes in nearly six state-owned enterprises, according to Arunish Chawla, Secretary, Department of Investment and Public Asset Management (DIPAM), in an interview with CNBC-TV18. The move is part of the broader disinvestment strategy for FY26. Banks and Insurers in…
India’s Defence Ministry is preparing for a major push in defence spending, with Defence Secretary Rajesh Kumar Singh advocating an 18% increase in capital expenditure (capex) for FY26. Alongside this, the ministry is expected to announce additional procurement orders worth nearly ₹75,000 crore, reinforcing India’s drive toward defence…
Tata Investment Corporation Limited has announced a 1:10 stock split, reducing the face value of its equity shares from ₹10 to ₹1 each. The company confirmed October 14, 2025, as the record date to determine eligible shareholders for the split, as per its regulatory filing with stock exchanges.…
JK Lakshmi Cement Limited, a leading name in India’s cement industry, has boosted its total production capacity from 16.5 MTPA to 18 MTPA. The expansion was achieved through the commissioning of a new grinding unit in Surat, Gujarat, and a de-bottlenecking project at the company’s Jaykaypuram plant in…
Colab Platforms Limited has signed a non-binding Memorandum of Understanding (MoU) with RRP Drones Innovation Pvt. Ltd. to jointly design, develop, and deploy AI-powered, all-weather autonomous aerial surveillance drones. The collaboration will span multiple sectors, including agriculture, industrial sites, law enforcement, energy and infrastructure, border patrol, and defence.…
India’s real estate investment trusts (REITs) continued their strong performance in the first quarter of FY26, distributing a total of ₹1,559 crore to more than 2.70 lakh unitholders. This marks a 13% year-on-year growth compared to Q1 FY25, underscoring the steady expansion and maturity of REITs in India’s…
RattanIndia Power Limited (RPL) has successfully defended itself against a legal challenge from REC Limited, with the National Company Law Tribunal (NCLT), New Delhi, dismissing an insolvency petition filed against the company. Key Highlights The petition was filed by REC Limited under Section 7 of the Insolvency and…
Trident Limited, a leading Indian textile manufacturer, has secured a major relief from the Goods and Services Tax (GST) authorities. The company announced that GST demand proceedings totaling ₹518.66 crore, related to the financial years 2018-19 and 2020-21, have been formally dropped by the authorities. Details of the…
Rating and Investment Information, Inc. (R&I), a prominent Japanese credit rating agency, has upgraded India’s long-term sovereign credit rating from ‘BBB’ to ‘BBB+’, while maintaining a Stable Outlook for the economy. Third Sovereign Upgrade in 2025 This marks the third sovereign rating upgrade for India in 2025. Earlier…
ESAF Small Finance Bank has announced key strategic initiatives to bolster its capital base and support future growth. These decisions were approved by the Board of Directors in a meeting held on September 20, 2025. Capital Raising Initiatives The Board has approved the raising of Tier I capital…