🔶 Key Highlights United Spirits: To divest 100% stake in Royal Challengers Sports for ₹16,660 Cr to a consortium led by Aditya Birla Group & others. (Positive) Fedbank Financial Services: Approves ₹450 Cr NCD issuance via private placement. (Neutral) Adani Enterprises: Completes acquisition of remaining stake in…
Jindal Steel and Power Limited has completed a significant capacity expansion at its Angul Integrated Steel Complex in Odisha, increasing the plant’s crude steel production capacity to 12 million tonnes per annum (MTPA). The milestone was achieved with the commissioning of the third Basic Oxygen Furnace (BOF-3), which…
C2C Advanced Systems has secured a domestic contract for the design and supply of 29 mission computing systems for counter-drone applications, according to a recent exchange filing. The order, awarded in March 2026, is scheduled for execution within the same calendar year. The company has not disclosed the…
Coal India Limited has approved a proposal to divest up to a 25% stake in its wholly owned subsidiary, Mahanadi Coalfields Limited, as part of its strategy to unlock value and enhance market participation. Board Approval for Strategic Divestment The company’s board has cleared the partial stake sale,…
Employees' Provident Fund Organisation (EPFO) is working on introducing an auto-settlement mechanism to facilitate seamless withdrawal of funds from inactive accounts, aiming to reduce unclaimed balances and improve ease of access for subscribers, according to The Times of India. Rising Unclaimed Balances Drive Reform Initiative As of February…
Tata Communications has introduced a new self-healing network platform, marking a significant step in advancing next-generation digital infrastructure. The development comes amid rising demand for resilient, AI-ready connectivity solutions across global enterprises. Introduction of Intelligent Connectivity Platform The company has unveiled its IZO™ Data Centre Dynamic Connectivity platform,…
ACME Solar Holdings Ltd has commissioned an additional 155 MW / 470.25 MWh of Battery Energy Storage System (BESS) capacity through its subsidiaries, marking a significant step in its energy storage expansion strategy. With this addition, the company’s total commissioned BESS capacity has increased to 297.67 MW /…
Coal India Limited has approved a proposal to divest up to a 25% stake in its wholly owned subsidiary, Mahanadi Coalfields Limited, as part of its strategy to unlock value and enhance market participation. Board Approval for Strategic Divestment The company’s board has cleared the partial stake sale,…
India’s mutual fund industry continued its steady expansion in February 2026, adding 7.64 lakh new unique investors and taking the overall investor base beyond 6.09 crore. The sustained growth reflects increasing retail participation and deeper market penetration across geographies. Growth in Folios and Assets Under Management The industry…
ICICI Prudential Life Insurance has introduced a new smallcap-focused index fund under its unit-linked insurance plan (ULIP) offerings, aimed at enabling policyholders to participate in the growth potential of emerging companies. Passive Strategy for Smallcap Exposure The newly launched ICICI Prudential Life Smallcap 250 Index Fund is structured…
