According to a report by Crisil, remittances to India surged to $33 billion in the first quarter of FY26, up from $28.6 billion a year ago. The rise in remittance inflows, alongside a stronger services trade surplus, helped narrow the current account deficit (CAD) to $2.4 billion, or…
According to an exchange filing on September 2, 2025, Tata Consultancy Services (TCS) has signed a €550 million, seven-year contract with Tryg, one of Scandinavia’s largest non-life insurers. The deal builds on their 15-year partnership and aims to modernize Tryg’s IT landscape across Denmark, Sweden, and Norway. Scope…
L&T Technology Services Ltd (LTTS) announced on September 3, 2025, a strategic partnership with SiMa.ai, a Silicon Valley–based leader in Physical AI. The collaboration aims to deliver AI-driven solutions across sectors such as mobility, healthcare, industrial automation, and robotics. Partnership Details Under the agreement, SiMa.ai will provide its…
Adani Energy Solutions Limited (AESL) has announced the incorporation of a new wholly-owned subsidiary, Adani Energy Solutions Step-Fourteen Limited, as part of its strategy to expand operations in India’s power sector. Subsidiary Details The newly incorporated company has an authorised and paid-up share capital of ₹1 lakh, with…
Inox Green Energy Services Ltd has strengthened its position in the renewable energy services market by securing operation and maintenance (O&M) contracts for 189.1 MWp of solar projects across India. Details of New Agreements The latest contracts include: 96.6 MWp with a global PE-backed independent power producer (IPP)…
Oil India Limited (NSE: OIL), a Maharatna PSU, has recommended a final dividend of ₹1.50 per share (15% of paid-up equity capital) for the financial year 2024–25. The proposal is subject to shareholder approval at the company’s Annual General Meeting (AGM) scheduled on September 18, 2025. Dividend Record…
Indraprastha Gas Limited (NSE: IGL), a joint venture of GAIL, BPCL, and the Government of NCT Delhi, has entered into a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to set up a solar power project in Rajasthan. The formal agreement was signed on September 1,…
NTPC Limited (NSE: NTPC), India’s largest power generation company, has announced that September 4, 2025, will serve as the record date for its final dividend for FY25. The company’s Board of Directors has recommended a dividend of ₹3.35 per equity share (face value ₹10 each), subject to shareholder…
According to a Bloomberg report, Indian refiners are now buying Russian Urals crude at deeper discounts of $3–$4 per barrel to Brent for cargoes loading in late September and October. The discounts have widened from about $2.50 last week and $1 in July, making Russian oil increasingly attractive…
New Delhi, Sept 2025 – The Competition Commission of India (CCI) has given its approval to Sumitomo Mitsui Banking Corporation (SMBC) for increasing its equity stake and voting rights in Yes Bank Ltd to nearly 25%, marking a significant development in the Japanese lender’s India strategy. RBI’s Prior…