The BSE Sensex closed at 75,967.39, marking a slight decline of 29.47 points or 0.04%. Similarly, the Nifty 50 ended the day at 22,945.30, down by 14.20 points, reflecting a loss of 0.06%. Indian benchmark indices ended nearly unchanged on Tuesday, bouncing back from early declines as gains in the IT sector helped counteract losses …
The Indian government is actively considering increasing the deposit insurance limit beyond the current ₹5 lakh, following the recent New India Co-operative Bank scam. The proposal was confirmed by M Nagaraju, Secretary of the Department of Financial Services, during a press conference alongside Finance Minister Nirmala Sitharaman. Deposit Insurance Revision Under Consideration Deposit insurance serves …
Suzlon Energy Limited (SEL), a leading name in the renewable energy sector, has announced a restructuring of its step-down subsidiaries. The company has merged two of its wholly owned subsidiaries—Suzlon Energy B.V. (SEBV) and SE Blades Technology B.V. (SBT)—into AE Rotor Holdings B.V. (AERH), effective February 14, 2025. This strategic move aims to streamline Suzlon’s …
India’s largest IT services company, Tata Consultancy Services (TCS) is gearing up to distribute salary hike letters for the financial year 2025. News reports indicate that the increments will range between 4%-8%, with revised salaries expected to be reflected in April 2025. This announcement comes shortly after Infosys, another IT giant, declared that its employees …
StarBigBloc Building Material Ltd, a wholly-owned subsidiary of BigBloc Construction Limited, has announced the acquisition of land for a greenfield AAC Block manufacturing facility in Indore, Madhya Pradesh. This strategic move is expected to enhance the company’s presence in central India, catering to the growing demand for sustainable construction materials. Share price of BigBloc Construction …
In a significant stride towards strengthening India’s advanced battery manufacturing capabilities, the Ministry of Heavy Industries (MHI), Government of India, has signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited. The agreement, signed on February 17, 2025, grants Reliance New Energy a 10 GWh capacity under the Production …
Boubyan Bank, a leading Islamic bank in Kuwait, has taken a significant step towards modernising its transaction banking capabilities. The bank has successfully implemented the second phase of Intellect Global Transaction Banking’s (iGTB) eMACH.ai Digital Transaction Banking (DTB) solution. Intellect Global Transaction Banking (iGTB) is the transaction banking business unit of Intellect Design Arena Ltd. …
Mahanagar Gas Limited (MGL) holds a dominant position in the gas distribution sector in Greater Mumbai. The company primarily thrives on its compressed natural gas (CNG) business, which forms the bulk of its revenue. Additionally, MGL supplies piped natural gas (PNG) to industrial, commercial, and residential consumers, expanding its footprint in the clean energy sector. …
Bajaj Consumer Care Ltd (BCCL) to acquire 100% stake in Vishal Personal Care Pvt. Ltd. in a deal valued at ₹108.3 crore. The total estimated transaction value is ₹120 crore. The acquisition will take place in two phases, an initial purchase of 49% stake, followed by the remaining 51% in the second tranche. Vishal Personal …
Zomato Ltd has launched Nugget, an AI-native customer support platform to automate and streamline business interactions. Announced by co-founder and Group CEO Deepinder Goyal on February 17, the platform is built as a no-code tool that businesses can use without needing a dedicated development team. Built as an Internal Tool Nugget was initially developed for …
