The Reserve Bank of India (RBI) plans to meet bankers next week to discuss changes in its liquidity management framework. The goal is to ensure that borrowing costs remain closely aligned with the central bank’s policy rate, according to sources familiar with the matter. Meeting Scheduled for April 3 RBI has scheduled a meeting with …
One MobiKwik Systems Limited, a leading fintech company, has taken a significant step towards diversification by incorporating a wholly owned subsidiary for securities broking. The new entity, Mobikwik Securities Broking Private Limited (MSBPL), received approval from the Ministry of Corporate Affairs, Central Processing Centre. This move marks MobiKwik’s strategic entry into the stock broking sector, …
On March 27, 2025, Indian benchmark indices traded higher on Thursday despite global trade uncertainty following new US auto import tariffs. At 3 PM, the BSE Sensex was up 340 points (0.44%) at 77,628.60, while the Nifty50 gained 113.25 points (0.48%) to reach 23,600. Here are the top gainers and losers of the day: Top …
The Indian auto sector faced a rough trading session on March 27, 2025, as concerns over new US tariffs triggered a broad sell-off. Stocks of major auto manufacturers and component suppliers dropped sharply after the US announced a 25% tariff on all imported cars and additional duties on auto parts. Tariff Shock Hits Indian Auto …
DBL-STL Consortium has been awarded an Advance Work Order (AWO) by Bharat Sanchar Nigam Limited (BSNL) for the Bharat Net Phase-III project. This initiative aims to enhance broadband connectivity across Jammu & Kashmir and Ladakh, contributing to India’s digital infrastructure. Project Overview and Scope The project involves the design, supply, construction, installation, upgradation, operation, and …
Global digital services provider Coforge Limited announced the expansion of its collaboration with Microsoft. This initiative aims to significantly enhance developer productivity through AI-integrated solutions, particularly leveraging GitHub Copilot. Coforge has already trained over 10,000 developers on GitHub Copilot, enabling them to modernise legacy applications and efficiently create new code. The move is part of …
Zen Technologies Limited, today, on March 27, 2025, informed the stock exchanges that it has received an order from the Ministry of Defence, Government of India. The order is valued at approximately ₹152 crore, inclusive of taxes. It involves the supply of the company’s Integrated Air Defence Combat Simulator (IADCS) for the L70 anti-aircraft gun. …
Kinetic Engineering has received in-principle approval from the Bombay Stock Exchange (BSE). The approval is for an investment proposal worth ₹177 crore. Shareholders overwhelmingly supported the proposal. 99.9967% voted in favor of the fund infusion. This indicates strong confidence in the company’s growth strategy. Details of Kinetic Engineering’s Investment Proposal The investment will be raised …
There’s always that one company whose profile we mix up with another—or struggle to differentiate between them. This often happens with brands under the same umbrella, especially in the financial sector. One such case is HDFC Bank and HDFC AMC. Despite sharing the “HDFC” name, they serve entirely different purposes in the financial ecosystem. Let’s …
TVS Motor (Singapore) Pte. Limited, a wholly-owned subsidiary of TVS Motor Company, has acquired an additional 30% stake in EBCO Limited, a UK-based electric bike distributor. This acquisition, completed on March 26, 2025, for £60,000, results in EBCO becoming a fully owned subsidiary of TVS Motor Singapore. Details About EBCO Limited EBCO Limited is a …
