The Indian government has directed SpiceJet to increase its flight operations following what has been termed an “IndiGo fiasco,” referring to recent disruptions affecting IndiGo’s services. The move is aimed at stabilising flight capacity, ensuring smooth travel operations, and reducing the impact of cancellations or delays on passengers.…
Vishal Mega Mart Limited has received a tax demand order from the Additional Commissioner, CGST Commissionerate, Gurugram, alleging excess Input Tax Credit (ITC) claimed during FY 2018–19 to 2022–23. The notice was issued under Section 74 of the CGST Act, 2017. Tax Demand Breakdown Component Amount (₹) Tax…
L&T Technology Services Limited (LTTS) and Austria-based PALFINGER have inaugurated a state-of-the-art Global Development Center (GDC) in Pune, marking a key milestone in their long-term collaboration. The center is designed to accelerate product development through AI-driven engineering, while supporting PALFINGER’s localization and digital transformation goals across the Asia-Pacific…
TeleCanor Global Limited has received an independent valuation report valuing its 70-acre land bank at ₹152.46 crore. The land is located in the same region where the Andhra Pradesh Government has announced a Google AI Center, significantly boosting its strategic importance and development potential. The new valuation far…
Siemens Energy India shared its latest financial performance at a recent analyst and investor meeting, reporting a 67% increase in order entry. Orders reached INR 131.1 billion for the period. The company recorded revenue of INR 78.3 billion and reported an EBITDA margin of 19.3%. Siemens Energy India’s…
Zaggle Prepaid Ocean Services Limited has completed the acquisition of Greenedge Enterprises Private Limited (GEPL), obtaining a 100% equity stake in the company. The acquisition was finalised on December 5, 2025, resulting in Greenedge Enterprises becoming a wholly owned subsidiary of Zaggle. The development was disclosed to the…
Rushil Decor has begun commercial production of Jumbo Laminate Sheets under Phase 2 of its new manufacturing facility in Gujarat. The expansion increases the company’s total annual production capacity to 2.8 million sheets. Details of the Capacity Expansion The key features of the Phase 2 launch include: Aspect…
The Reserve Bank of India (RBI) has announced measures to add long-term liquidity to the banking system, including a $5 billion USD/INR buy–sell swap scheduled for December 16. The announcement was made through a circular released on Monday. The swap will have a tenor of 36 months, with…
KSH International, a manufacturer of magnet winding wires, has completed a pre-IPO placement amounting to approximately ₹35 crore. The company allotted 9.11 lakh equity shares through a private placement at a price of ₹384 per share, including a premium of ₹379. The placement was carried out in consultation…
Adani Enterprises’ ₹24,930 crore rights issue has achieved approximately 90% subscription a day before its scheduled closing. As of 4:50 p.m., applications were received for 124.5 million shares against the total offering of 138.5 million shares. The rights shares are priced at ₹1,800 each. Payment Structure for Investors…