Mphasis has announced that its ESOP Compensation Committee has approved the allocation of 5,000 stock options to an identified employee under the company’s Employee Stock Option Plan (ESOP) 2016. Grant Structure and Terms The stock options have been issued at an exercise price of ₹2,700 per option. Vesting…
Mobavenue AI Tech has announced that its wholly owned subsidiary, Mobavenue Media Private Limited, has formalised a partnership with the Kuppam Area Development Authority (KADA) in Andhra Pradesh. The collaboration was confirmed through a Memorandum of Understanding (MOU) signed on November 26, 2025. Details of the Agreement The…
The company recorded a net profit of ₹1.50 billion, an increase of 15.40% compared to ₹1.30 billion in the same quarter last year. EBITDA also improved, rising 4.80% to ₹2.20 billion from ₹2.10 billion in the previous year. Despite the increase in absolute earnings, the EBITDA margin contracted…
Aspect Details Asset Type Manufacturing facility Location Dehradun Sale Value ₹9.50 crore Operational Status Idle since July 2023 Reason for Sale Product technology considered outdated Purpose and Strategic Rationale Hind Rectifiers indicated that the divestment aligns with its broader objective of reallocating resources toward more relevant and productive…
Suzlon Energy has informed the National Stock Exchange and Bombay Stock Exchange that it has paid a ₹1 lakh penalty imposed by the Central Ground Water Authority (CGWA). The penalty was issued due to a delay in submitting the application for a No Objection Certificate (NOC) related to…
The Securities and Exchange Board of India (SEBI) has issued an ex parte interim order against Avadhut Sathe Trading Academy (ASTA) and its founder, Avadhut Dinkar Sathe, restricting their participation in the securities market. The regulator has also directed the impounding of ₹546 crore, identified as suspected unlawful…
Zen TechnologiesBagged a defence order worth ₹120 crore from the Ministry of Defence. (Positive) HCL TechTeamed up with Strategy to enhance AI-driven data analytics capabilities. (Positive) Brahmaputra InfrastructureWon a ₹113.54 crore order for the Jammu Legislature Complex Project. (Positive) Brigade EnterprisesExpanded its Hyderabad presence with a ₹476.72 crore…
Transformers and Rectifiers (India) Limited (TARIL) has bagged a major order valued at ₹53.33 crore from Power Grid Corporation of India Limited, marking an important milestone for the company and the domestic power equipment industry. With this contract, TARIL becomes the first private Indian firm to secure an…
The Andhra Pradesh government has cleared land allocation for a major tech infrastructure project, granting 480 acres across Visakhapatnam and Anakapalli districts to Adani Infra (India) Pvt Ltd. The land will be used to develop a 1 GW artificial intelligence data centre, led by Google subsidiary Raiden Infotech…
Fitch Ratings has revised its economic outlook for India, lifting the FY26 growth forecast to 7.4% from its earlier estimate of 6.9%. The improved projection reflects stronger-than-expected domestic consumption, rising household spending capacity, and the positive impact of recent GST reforms on economic activity. Growth Drivers and Economic…