Adani Enterprises Ltd (AEL), the flagship incubator of the Adani Group, has secured a Letter of Award (LoA) from National Highways Logistics Management Ltd (NHLML) to construct a ropeway between Sonprayag and Kedarnath, at a total investment of ₹4,081 crore. Project Details The ropeway, spanning 12.9 kilometres, will…
NTPC Green, Ircon JV Commissions 100 MW Project Ircon Renewable Power, a joint venture of NTPC Green and Ircon International, has declared commercial operations for a 100 MW project, taking NTPC Green Energy Group’s total installed capacity to 7,372.575 MW. Wipro Ties Up with CrowdStrike for AI Security…
Maharashtra, September 2025: Shakti Pumps (India) Limited (SPIL), a leading manufacturer of energy-efficient pumps and motors, has achieved a major milestone under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B, securing solar pump orders worth ₹616.3 crore. Rapid Farmer Demand Following its empanelment on August…
Myntra, the Flipkart-owned fashion e-commerce platform, reported a remarkable turnaround in FY25, posting a consolidated net profit of ₹548.3 crore, up from ₹30.9 crore in FY24—a year-on-year surge of over 1,674%. Revenue Growth The company’s consolidated revenue from operations rose 18% to ₹6,042.7 crore in FY25, driven by…
After two consecutive months of contraction, India’s wholesale inflation returned to positive territory in August, with the Wholesale Price Index (WPI) rising to 0.52%. The uptick marks a reversal from July, when WPI recorded a two-year low of -0.58%, and June, which saw a 20-month low of -0.13%.…
Mumbai, September 2025: Larsen & Toubro (L&T), a leading Indian infrastructure and engineering firm, has been awarded a significant contract in the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project, commonly known as India’s bullet train initiative. Scope of the Contract L&T’s Transportation Infrastructure division will handle the design, supply, construction,…
Ugro Capital Limited has announced that its board of directors will meet on September 17, 2025, to consider a proposal for raising funds through the issuance of non-convertible debentures (NCDs) on a private placement basis. Purpose of the Meeting The board meeting is scheduled to evaluate and potentially…
Shares of The Phoenix Mills Ltd are trading ex-date today, making shareholders registered in the company’s books eligible for a final dividend of ₹2.50 per equity share of face value ₹2 each for the financial year ended March 31, 2025. The dividend is subject to approval at the…
Senores Pharmaceuticals Limited has successfully completed its acquisition of 8,454 equity shares in Havix Group Inc. (Aavis Pharmaceuticals), finalizing a transaction that began in March 2025. Acquisition Details The acquisition was executed in two phases: Direct Acquisition: 7,914 shares were acquired directly by Senores Pharmaceuticals. Subsidiary Acquisition: The…
The Securities and Exchange Board of India (SEBI) has cleared a set of important regulatory reforms for the mutual fund industry, aimed at enhancing investor protection, encouraging wider participation, and deepening financial inclusion. The decisions were taken at the regulator’s latest board meeting held on Friday. Key Decisions…