Tata Steel Limited has successfully commissioned India’s largest blast furnace at its Kalinganagar facility in Odisha. This project, part of a Phase II expansion involving an investment of ₹27,000 crore, will increase the site’s capacity from 3 million tonnes per annum (MTPA) to 8 MTPA. The inauguration was led by T. V. Narendran, CEO and …
Bharat Forge Limited has announced a strategic partnership with its subsidiaries, J S Auto Cast Foundry India Private Limited (a wholly-owned step-down subsidiary) and Kalyani Centre for Precision Technology Limited (a wholly-owned subsidiary), through share subscription and shareholders agreements (SSSHA) with special purpose vehicles (SPVs) of Sunsure Energy Private Limited. This collaboration aims to secure …
Jewellery stocks have been shining on Dalal Street, showing impressive gains and brightening investors’ portfolios. Driven by rising demand and positive market sentiment, these stocks have performed well, with major companies in the sector experiencing significant growth. The increase in gold prices and demand during the festive season has sparked a buying frenzy, making these …
Strategic Partnership Boosts Adani Ports Shares of Adani Ports & Special Economic Zone Ltd were trading higher by nearly 1% on Monday following the announcement of a strategic partnership with Abu Dhabi-based Rorix Holdings. During the UAE-India Business Forum, the two companies signed a Memorandum of Understanding (MOU) aimed at transforming the commodities market ecosystem. …
India’s largest company by market value, Reliance Industries Limited (RIL), has extended the deadline for the payment of call money on its partly paid-up shares to October 7, 2024. Originally, the deadline was set for September 20, 2024, but after receiving requests from shareholders, the company decided to allow more time. Investors who fail to …
Adani Total Gas Ltd. (ATGL) has secured $375 million in funding from five major international lenders, marking the largest financing in the City Gas Distribution (CGD) sector. This investment is to accelerate the expansion of its CGD network across India, covering 34 authorized geographical areas in 13 states. Details of the Deal It starts at …
Inox Wind Limited (IWL), a leading provider of wind energy solutions in India, has announced a significant milestone in its financial strategy by signing a consortium agreement with a group of banks led by ICICI Bank. This agreement establishes credit limits of approximately ₹2,200 crore, with the potential for enhancement to around ₹2,400 crore based …
On September 22, 2024, HFCL Limited (HFCL), a well-known Indian technology company specialising in telecommunications and defence solutions, announced a new strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI). As part of this collaboration, HFCL will develop and supply critical sub-systems for GA-ASI’s advanced Unmanned Aircraft Systems (UAS). This partnership highlights HFCL’s growing expertise …
Have you ever thought about who is accountable if a group of investors can’t buy or redeem securities due to a technical issue in the stock market or depository’s software or IT system? According to current rules set by the Securities and Exchange Board of India (SEBI), the institutions themselves are held responsible and must …
On September 22, 2024, Vodafone Idea Limited (VIL) concluded a substantial deal worth approximately USD 3.6 billion (around ₹300 billion) with leading global telecom equipment providers Nokia, Ericsson, and Samsung. This agreement marks a significant milestone in Vodafone Idea’s three-year capital expenditure (capex) plan, valued at approximately USD 6.6 billion (₹550 billion). The capex program …
