Public Sector Undertakings (PSUs) in India have witnessed a remarkable turnaround in recent years, reflecting a robust performance and renewed investor confidence. Three years ago, the market capitalisation of PSU companies listed on the BSE Index stood at Rs 18,19,521.46 crores. This figure has surged by 231.32%, reaching Rs 60,28,419.82 crores, indicating a significant revival …
In a significant move strengthening defence ties between India and the UAE, Adani Defence & Aerospace, a key player in India’s defence and aerospace sector, has signed a landmark cooperation agreement with EDGE Group, a leading conglomerate in advanced technology and defence based in the UAE. The agreement, finalized on June 11, 2024, sets the …
The affordable housing finance sector in India is emerging as a significant opportunity, driven by a substantial demand for low-cost housing among the country’s rural and middle-class populations. Despite the promising potential, the sector has experienced varied performance over the past year. This article will explore the reasons behind this, analyse specific companies within the …
On June 11, 2024, Tata Technologies, a global leader in product engineering and digital services, announced the successful implementation of SAP S/4HANA for Mitsubishi Electric India Pvt. Ltd. This key achievement marks an essential step in Mitsubishi Electric India’s digital transformation. It will improve operational efficiency and establish new industry standards. Partnership for Business Process …
On June 11, 2024, Persistent Systems Limited announced a significant expansion of its strategic partnership with Google Cloud. This long-term agreement strengthens their collaboration across key markets—the US, India, the UK, and Australia—with a unified focus on accelerating digital transformation for enterprises worldwide through next-generation AI solutions. The cornerstone of this partnership is leveraging Google …
Butterfly Gandhimathi Appliances Limited (Butterfly) announced that it has received a demand notice from the West Bengal Goods and Services Tax (GST) authorities. The notice, dated June 10, 2024, pertains to the assessment year 2019-20 and raises a demand of ₹97,553. Breakdown of the Demand: Tax: ₹42,137/- Interest: ₹25,416/- Penalty: ₹30,000/- Basis for the Demand …
On June 10, 2024, PNC Infratech issued exchange filings to both the BSE and NSE confirming the recent news time on the arrest of the NHAI GM by CBI for a bribery case of Rs. 10 Lakh in Madhya Pradesh. The company informed the exchange that the arrest was followed by a search conducted at …
Mphasis Limited, a leading provider of Information Technology (IT) solutions specialising in cloud and cognitive services, announced today a substantial advancement in its technology infrastructure. The company has adopted the HPE GreenLake cloud with HPE Alletra Storage to support its healthcare clients in the IT transformation journey. Elevating Healthcare Security and Performance: This strategic adoption …
The Oil and Natural Gas Corporation Limited (ONGC), founded by the Indian government on August 14, 1956, is a central public sector undertaking under the Ministry of Petroleum and Natural Gas. Headquartered in Delhi, ONGC is India’s largest government-owned oil and gas explorer and producer, responsible for approximately 70% of the country’s crude oil and …
The State Bank of India (SBI), the country’s largest public sector bank, is set to raise up to $3 billion through debt instruments in FY25. This move aims to strengthen its capital base and support its lending operations amid growing credit demand. Fundraising Details SBI’s board has approved the plan to raise funds through a …
