The Indian Railway Finance Corporation (IRFC) has solidified its position as India’s 3rd largest government-owned Non-Banking Financial Company (NBFC). As of March 2024, the company reported a revenue of ₹26,600 crore (US$ 306.1 million) and a profit of ₹6,400 crore (US$ 73.6 million). Recognising its financial strength and consistent growth, the Government of India has …
Mukka Proteins share price jumped over 8% on March 6, 2025, after securing multiple new supply orders. These deals have strengthened its market position, pushing its total order book to around ₹200 crore. New Supply Agreements The company has signed a ₹31.77 crore supply deal with Avanti Feeds for fish meal and fish oil in …
Chambal Fertilisers & Chemicals Limited (CFCL), established in 1985 by Zuari Industries Limited, is a key player in India’s fertiliser industry. The company operates three urea manufacturing units in Gadepan (Kota, Rajasthan), with a total installed capacity of around 3 million metric tonnes per annum (MMTPA). These units use natural gas as feedstock, supplied through …
Oriental Rail Infrastructure Limited has secured an order worth ₹1,61,21,160.00 (Rupees One Crore Sixty-One Lakh Twenty-One Thousand One Hundred Sixty only) from North Western Railways, Ajmer, a division of Indian Railways. Order Details The contract involves the supply of 66 sets of PU Foam as cushion material for the retrofitment of berths and seats. As …
SBI Life Insurance Company Limited’s Board of Directors has declared and approved an interim dividend of ₹2.70 per equity share with a face value of ₹10 each. On March 5, 2025, SBI Life Insurance Company share price (NSE: SBILIFE) opened at ₹1,391.15 and closed at ₹1,416.60, up by 1.69%. The stock price touched its day’s high at …
The Competition Commission of India (CCI) has granted approval for the acquisition of equity shares of PSP Projects Limited by Adani Infra (India) Limited. This strategic move is expected to strengthen Adani Infra’s presence in the engineering, procurement, and construction (EPC) sector. Transaction Details The acquisition involves Adani Infra acquiring equity shares of PSP Projects …
The Navi Mumbai International Airport (NMIA), developed by the Adani Group, is set to open in May 2025. Positioned as a second gateway to Mumbai, India’s financial capital, the $2.1 billion airport aims to ease congestion at Chhatrapati Shivaji Maharaj International Airport (CSMIA) and establish an international transit hub. Leading Airlines Set to Shift Operations According …
Indian benchmark indices opened positively on March 6, 2025, amid strong global cues. However, after an initial rise, the indices failed to sustain higher levels, slipping into negative territory as India VIX surged. The Nifty 50 index was trading down by 0.13% around the 22,300 mark. Despite this, broader indices remained in the green, with …
Om Infra Ltd, a leading infrastructure development company specialising in water management and engineering projects, has been awarded two significant water supply infrastructure contracts by Uttar Pradesh Jal Nigam (Rural). The total project value stands at ₹448 crore, contributing to the company’s expanding portfolio of infrastructure projects. Project Details: Strengthening Water Infrastructure Across Key Regions …
Tata Group Company Tata Electronics has signed a memorandum of understanding (MoU) with Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC) and Himax Technologies to manufacture display semiconductors and ultralow power AI sensing products in India. The agreement was announced at the IESA Vision Summit, where Tata Electronics CEO Randhir Thakur confirmed that the partnership includes setting …
