Oil India Limited (OIL), the state-owned energy major, is reportedly unable to repatriate nearly $300 million in dividend income from its Russian oil investments following the imposition of US sanctions on key Russian energy firms. According to Chairman Ranjit Rath, the company is actively exploring legal and diplomatic…
Shree Cement Ltd, one of India’s leading cement manufacturers, has revised its capacity expansion timeline while reporting a strong performance in the second quarter of FY26. The company now targets a cement production capacity of 80 million tonnes by FY29, shifting its earlier target to align with evolving…
Indian Oil Corporation (IOC), India’s largest oil refining and marketing company, has announced an ambitious expansion plan involving a capital expenditure (CAPEX) of ₹33,494 crore for FY25–26. The plan aims to accelerate growth across the company’s refinery and petrochemical segments, reinforcing its long-term strategy to strengthen domestic energy…
KRBL Limited, India’s leading basmati rice exporter and the company behind the popular India Gate brand, has announced that a review being conducted by AZB & Partners is currently underway. The company confirmed that the findings of the review will be presented to its Board of Directors on…
Studds Accessories Limited, one of India’s largest manufacturers of two-wheeler helmets and accessories, is set to launch its much-awaited initial public offering (IPO) on October 30, 2025. The book-built issue, valued at ₹455.49 crore, will close on November 3, 2025, with allotment expected by November 4 and tentative…
Microsoft Corporation’s investment in OpenAI has been revalued at around $135 billion following a major recapitalisation and restructuring of the artificial intelligence firm’s corporate structure. The move strengthens Microsoft’s long-term partnership with OpenAI while placing governance under enhanced nonprofit oversight. Revised Ownership Structure Under the new arrangement, Microsoft…
Larsen & Toubro (L&T), India’s $30 billion engineering and infrastructure powerhouse, is reportedly exploring a strategic foray into the electronics manufacturing sector. If the move materializes, it would mark a significant diversification for the conglomerate, which currently focuses on engineering, construction, and technology services. The potential expansion aligns…
The Securities and Exchange Board of India (SEBI) has unveiled new proposals aimed at reducing costs for mutual fund investors while increasing transparency in fund operations. The move could have a significant impact on leading asset management companies (AMCs) such as HDFC AMC, UTI AMC, and others in…
Orkla India Limited, the parent company of well-known food brands such as MTR Foods, Eastern Condiments, and Rasoi Magic, has successfully raised ₹499.6 crore from 30 institutional investors through its anchor book allocation on October 28, 2025, a day before its public issue opens. IPO Details The Orkla…
ARIS InfraPartners with Transcon Group and Amogaya Projects to unlock over ₹12,000 crore in real estate value. (Positive) East India DrumsSecures HPCL contract for steel drum supply. (Positive) Ducon InfratechnologiesLaunches AI platform “IQ Energy AI” to optimise power generation amid rising data centre demand. (Positive) Havells IndiaPlans to…