AGM Highlights and Financial Performance Bharat Dynamics Limited (BDL) announced key updates from its 55th Annual General Meeting (AGM) held on September 26, 2025 via video conference. The company declared a final dividend of ₹0.65 per share, bringing the total dividend for FY25 to ₹4.65 per share, including…
Icra has revised India’s real gross domestic product (GDP) growth forecast for FY2026 to 6.5%, reflecting the positive impact of GST rationalisation and a strong Q1 economic performance, according to the rating agency’s September macroeconomic update. Policy Measures Boost Growth Outlook Icra’s Chief Economist, Aditi Nayar, highlighted that…
Strategic Entry into East African Sugar Market Dalmia Bharat Sugar & Industries has announced a strategic partnership with Eagle Agrotech Holdings Limited (EAHL) to establish sugarcane plantations and a sugar factory in Tanzania, marking the company’s first foray into the East African sugar market. Under the agreement, Dalmia…
Tata Capital, the lending arm of Tata Sons, has announced the price band for its much-anticipated initial public offering (IPO) at ₹310–326 per share (face value ₹10). The IPO will open for subscription on October 6 and close on October 8, with anchor investors’ allocation scheduled for October…
Prime Minister Narendra Modi inaugurated Bharat Sanchar Nigam Limited’s (BSNL) indigenously developed 4G network on Saturday from Jharsuguda, Odisha, marking a landmark achievement during the telecom operator’s silver jubilee. Digital India & Aatmanirbhar Bharat: The rollout positions India among a select group of countries capable of manufacturing its…
Expanding Financing Beyond Railways Indian Railway Finance Corporation (IRFC) has sanctioned significant loans to non-railway infrastructure projects, signaling its strategic expansion beyond traditional railway financing. Notable approvals include a ₹4,000 crore term loan for Talcher Fertilizers Limited (TFL) and a ₹12,640 crore loan for Chhattisgarh State Power Generation…
Long-Term Deal to Supply Complex Turbine Components Azad Engineering Limited has signed a long-term contract and price agreement with Mitsubishi Heavy Industries Ltd. (MHI), Japan, valued at $73.47 million (₹651 crore). The agreement covers the supply of highly engineered, complex rotating and stationary airfoils for advanced gas and…
Capital Infusion Strengthens Subsidiary Shriram Finance Limited has infused an additional ₹300.05 crore into its wholly-owned subsidiary Shriram Overseas, as part of a phased capital infusion approved by the board in May 2025. The funds were deployed by subscribing to 1.90 crore equity shares at a face value…
Strategic Move to Strengthen Electronics Manufacturing Capabilities Dixon Technologies Limited has acquired a 51% majority stake in Kunshan Q Tech Microelectronics (India) Pvt Ltd (Q Tech India) for approximately ₹552.99 crore, combining share purchases from existing shareholders and new share subscriptions. The acquisition was formalized on September 26,…
Board Approves Two Key Strategic Moves GR Infraprojects Limited has announced a twin set of board approvals on September 26, 2025. The infrastructure major will acquire 100% equity in Rajgarh Neemuch Power Transmission Limited while simultaneously divesting its stake in GR Bahadurganj Araria Highway Private Limited. Both moves…