About Approval TARC Limited, a leading real estate developer in New Delhi, has announced the appointment of Arabian Construction Company (ACC) as the principal contractor for their two upcoming luxury residential projects – TARC Kailasa and TARC 63A Gurugram. This collaboration promises to redefine luxury living in Delhi and Gurugram. TARC Limited, known for its …
Tata Power, a leading Indian energy company, sees significant cost reductions in energy storage and green power due to technological advancements. This focus comes amid rising demand for uninterrupted power. While current lithium-ion technology and economies of scale offer some cost benefits, CEO Praveer Sinha acknowledges there won’t be enough. He emphasises the potential of …
Reserve Bank of India (RBI) Governor Shaktikanta Das expressed concerns about the widening gap between credit and deposit growth as household savings increasingly shift away from traditional deposits. He urged banks to adopt new strategies to attract deposits and manage liquidity risks effectively. Das noted that households, which traditionally relied on banks for saving and …
Garden Reach Shipbuilders Ltd. (GRSE), a state-owned shipyard, has signed two confidential MoUs (Memorandums of Understanding) to develop advanced technologies for the Indian Navy. On July 18 2024, GRSE shares opened at ₹2,589.45 and closed at ₹2,532.45 with a fall of 1.17%. The fall continued on July 19, and the shares closed at ₹2,455.35. However, …
The Central Board of Direct Taxes (CBDT) has taken a significant step towards modernising the Indian tax system by awarding the Taxnet 2.0 project to Bharti Airtel Ltd. This project aims to overhaul the Income Tax Department’s (ITD) existing digital infrastructure by providing a robust and secure platform for taxpayers and departmental users. A Leap …
On July 20, 2024, Netweb Technologies India Limited (Netweb), a leading Indian-origin OEM specialising in High-End Computing Solutions (HCS), announced its Q1 FY25 results. Key Financial Highlights: Q1 FY25 Total Income: ₹1,532 million, a 154.4% increase from Q1 FY24. EBITDA: ₹239 million, up 164.1% from Q1 FY24, with an EBITDA margin of 15.6%. PAT (Profit …
On July 20, 2024, Poonawalla Fincorp Limited, a key non-deposit-taking NBFC specialising in consumer and MSME finance, released its unaudited financial results for the quarter ending June 30, 2024. The company showed steady growth in assets under management (AUM) and profitability and maintained high asset quality and strong customer engagement. Poonawalla Fincorp Limited Q1 FY25 …
Rail Vikas Nigam Ltd (RVNL) surged 9% amid a correction in the market on July 19, after the railway RVNL said it has signed a Memorandum of Understanding (MoU) with Israeli firm United Construction Limited to support each other to get the projects in the field of Railways, MRTS, Tunnels, Roads (Highways & Expressways), Bridges, …
JSW Infrastructure Ltd. has taken significant steps to enhance its iron ore transportation capabilities by approving the purchase of an under-construction slurry pipeline from JSW Utkal Ltd. The acquisition, valued at Rs 1,700 crore, comes alongside a strategic 20-year take-or-pay agreement with JSW Steel This move aims to bolster the company’s logistics solutions for iron …
Introduction to SEPC SEPC (Shriram EPC Ltd until February 2021) was incorporated in June 2000. Since September 2022, Mark AB has become its majority stakeholder following an infusion of Rs 350 crore. SEPC specializes in executing EPC (Engineering, Procurement, and Construction) contracts, providing integrated solutions encompassing design, engineering, procurement, construction, and project management services in …
