Deep Industries has confirmed the transfer of its recently awarded long-term project from Oil and Natural Gas Corporation (ONGC) to its wholly owned subsidiary, Deep Exploration Services Pvt. Ltd. (DESPL). The project relates to production enhancement at ONGC’s Mature Fields in the Rajahmundry Asset, and will run for…
Indian Railway Finance Corporation (IRFC) has signed a loan agreement with Sumitomo Mitsui Banking Corporation (SMBC), GIFT City branch, for an external commercial borrowing (ECB) equivalent to $300 million in Japanese yen terms. The agreement was executed on December 2, 2025, in Gandhinagar. This marks IRFC’s first ECB…
Afcom Holdings Limited has announced a fresh equity issuance through a preferential allotment, marking a key step in strengthening its capital base. The company’s board has approved the allotment of 7,50,000 equity shares at a price of ₹20 per share, which includes a ₹10 premium over the face…
Indian Gas Exchange Limited (IGX), an associate entity of Indian Energy Exchange (IEX), has taken a major step toward entering the public market. The company announced that its board has formally approved the commencement of the Initial Public Offering (IPO) process. Board Nod to Begin Listing Process The…
The Government of India has rolled out a Credit Assessment Model (CAM) aimed at transforming loan appraisal for Micro, Small, and Medium Enterprises (MSMEs). The new model leverages digitally sourced, verifiable data from across the financial ecosystem to enable automated, objective, and transparent loan evaluation. CAM caters to…
Suvankar Sen, MD & CEO of Senco Gold, has projected that gold prices in India may rise from the current ₹1,30,000 per 10 grams to around ₹1,50,000 per 10 grams, provided global market conditions remain supportive. He highlighted that gold has consistently appreciated each year and expects the…
Blue Cloud Softech Solutions has announced a large-scale AI Data Annotation and Training Services project valued at ₹110.08 crore from Stratos Forge Inc., a US-based technology company. The award follows a successful pilot project worth ₹18 crore, where Blue Cloud achieved 96.68% annotation accuracy, impressing the client and…
Foreign investors may increasingly turn to India as interest in the Artificial Intelligence (AI) trade in markets like the US, Taiwan, and South Korea shows signs of saturation, according to Harald van der Linde, Head of Asia Equity Strategy at HSBC. While the AI sector continues to hold…
India’s largest automaker outlines an ambitious strategy to build a dense electric vehicle charging network as it prepares to launch its first fully electric SUV, the EVitara. Maruti Suzuki has announced a large-scale infrastructure plan aimed at supporting India’s electric mobility expansion, with a target of deploying one…
The Government of India has rolled out multiple initiatives aimed at improving financial accessibility, ensuring timely payments, and accelerating technology adoption among Micro, Small, and Medium Enterprises (MSMEs). These measures are intended to enhance ease of doing business and strengthen the MSME sector’s contribution to the economy. Improved…