Shares of Swan Defence and Heavy Industries Limited are drawing market attention after promoter Hazel Infra Limited announced plans to divest a portion of its holding through an Offer for Sale (OFS). Offer for Sale Details Hazel Infra Limited intends to offload up to 26,38,747 equity shares, representing…
State-run enterprises in Punjab recorded a significant deterioration in financial performance during FY 2022–23, posting aggregate losses of ₹4,809 crore, compared to a profit of ₹1,270 crore in the previous fiscal. CAG Highlights Worsening PSU Performance According to findings by the Comptroller and Auditor General of India, the…
Shree Cement: Declared the preferred bidder for the Dommarnandyala-1 limestone block in YSR Kadapa district, Andhra Pradesh, spanning 373 hectares. Varun Beverages: Its subsidiary has acquired a 100% stake in Crickley Dairy, South Africa, for ₹131.4 crore, aiming to expand into value-added dairy and juice segments. Swan Defence…
AGNIT Semiconductors has secured $2.6 million in a seed extension round led by Shastra VC, with continued participation from existing investors 3one4 Capital and Zephyr Peacock. This latest funding follows the company’s earlier $3.5 million seed round in 2024, taking its total capital raised to over $7 million.…
India’s passenger vehicle segment recorded healthy growth in February, with dispatches increasing 10.6% year-on-year to 4,17,705 units, according to data released by the Society of Indian Automobile Manufacturers. The rise reflects sustained demand across both urban and semi-urban markets, supported by favourable economic conditions and continued product innovation…
Ola Electric is reportedly planning to raise up to ₹2,000 crore through a stake dilution in its battery arm, Ola Cell Technologies (OCT). The proposed fundraise is part of the company’s broader strategy to strengthen its balance sheet and accelerate its battery manufacturing roadmap. Strategic Stake Sale to…
The Government of India is working on a set of targeted measures to assist exporters impacted by ongoing disruptions in West Asia. The move comes as logistical challenges and geopolitical tensions in the region begin to affect trade flows. Rajesh Agrawal, Commerce Secretary, indicated that both exports and…
India’s merchandise trade deficit declined to $27.1 billion in February 2026, improving from $34.68 billion recorded in January. The moderation was primarily driven by a reduction in imports, along with steady export performance during the month. Sequential Improvement in Trade Balance The latest data reflects a narrowing of…
India’s merchandise trade deficit moderated in February 2026, declining to $27.1 billion from $34.68 billion recorded in January. The improvement was driven by stable export performance and a notable contraction in imports during the month. Monthly Improvement in Trade Balance The narrowing of the deficit reflects a combination…
ISGEC Heavy Engineering Limited has provided financial backing to its overseas subsidiary by issuing a Standby Letter of Credit (SBLC) worth CAD 2 million. The development, disclosed to stock exchanges on March 17, 2026, is aimed at strengthening the subsidiary’s access to working capital. SBLC Structure and Purpose…