Sigachi Industries Limited has signed a Memorandum of Understanding (MoU) with the Indian Navy’s INS Kalinga to promote health and fitness through the “Vizag Navy Marathon Promo cum Conditioning Programme.” The agreement was formalised on March 10, 2025, in a ceremony attended by Amit Raj Sinha, Managing Director & CEO of Sigachi Industries, and Cmde …
The Tamil Nadu government has introduced a new “mineral-bearing land tax” on limestone, which is expected to raise cement costs by around ₹10 per bag. This move will significantly impact cement manufacturers like Ramco Cements and Dalmia Bharat, while UltraTech Cement and ACC may face only a minor impact due to their limited clinker production …
Larsen & Toubro’s (L&T) Water & Effluent Treatment (WET) business, in partnership with Spain’s Lantania, has signed a contract with ACWA Power to build the Ras Mohaisen Desalination Plant in Saudi Arabia. L&T is the lead partner in this joint venture. Key Project Details Capacity: 300,000 cubic meters of water per day Scope of Work: …
IndusInd Bank has found itself in trouble due to an “accounting discrepancy” in its forex hedging strategy, which has caused its stock to drop by 27% on March 11, 2025. While this issue does not pose an immediate risk to depositors, it raises concerns among investors about the bank’s financial management. The NRI Deposit Strategy: …
Tata Motors Ltd., a prominent manufacturer of both domestic and commercial vehicles, announced that it has decided to convene a board meeting on Wednesday, March 19, to discuss a proposal to raise to ₹2,000 crore. The funds will be raised through the issuance of rated, listed, unsecured, redeemable, Non-Convertible Debentures (NCDs) on a private placement …
IIFL Finance, a diversified non-banking financial company (NBFC) in India engaged in loans and mortgages, along with its subsidiaries, has announced plans to raise up to ₹700 crore through secured, listed, rated, redeemable non-convertible debentures (NCDs) via private placement. Fundraising Details The company disclosed in an exchange filing that the Finance Committee of the Board …
Indian markets are expected to be impacted today. At 7:25 AM, GIFT Nifty futures were up by 171 points at 22,589.50. In the previous session, the Sensex dropped by 200.85 points (0.27%) to 73,828.91, while the Nifty50 fell by 73.30 points (0.33%) to 22,397.20. Here are the key stocks to watch today on March 17, …
Coforge Ltd has established itself as a formidable player in the Indian IT sector, delivering outstanding returns to investors and outpacing many of its industry peers. Over the past 5 years, the company has nearly quadrupled investor wealth, demonstrating a robust transformation. While the broader IT sector has flourished amid the digitalisation boom post-COVID-19, Coforge …
Zydus Lifesciences Ltd announced on Wednesday, March 12, that its venture capital arm, Zynext Ventures USA LLC, has invested in Illexcor Therapeutics, a biopharmaceutical company focused on developing next-generation oral therapies for sickle cell disease (SCD). The investment is part of Zynext Ventures’ strategy to support breakthrough healthcare innovations addressing significant unmet medical needs. Advancing …
Precision engineering firm Azad Engineering has inaugurated an exclusive lean manufacturing facility dedicated to Mitsubishi Heavy Industries (MHI) at Tunikibollaram, Hyderabad. The state-of-the-art facility, spanning 7,200 square meters, follows Azad’s ₹700 crore long-term contract and price agreement with MHI, signed in November 2024. Facility to Manufacture Critical Gas Turbine Components The new facility is set …
