Welspun Enterprises has secured a significant infrastructure contract through its subsidiary, Welspun Michigan Engineers (WMEL). The ₹79.29 crore order from the Vadodara Municipal Corporation (VMC) involves the rehabilitation of an existing drainage system. WMEL Bags Key Infrastructure Project in Vadodara Welspun Enterprises witnessed a 1% rise in its stock price to ₹506 after its subsidiary, …
The Indian Hotels Company Limited (IHCL) has made a strategic investment by injecting $9 million into its wholly owned subsidiary, IHOCO BV, based in the Netherlands. The move aligns with IHCL’s financial restructuring and expansion plans, ensuring long-term operational stability. Investment Details and Purpose On 26 March 2025, IHCL completed an equity infusion of $9 …
Sterlite Technologies (STL) has announced a strategic partnership with Wyre to support the development of a high-speed Fibre-to-the-Home (FTTH) network across Flanders and Brussels in Belgium. This collaboration aims to enhance broadband connectivity while minimising construction disruptions through efficient deployment strategies. Wyre’s Collaborative Approach to Fibre Expansion Wyre follows a partnership-driven approach to deploying fibre …
Piramal Enterprises Ltd (PEL) has injected ₹600 crore into its wholly owned subsidiary, Piramal Finance Ltd (PFL), through a rights issue. This strategic investment, disclosed in a regulatory filing on 26 March 2025, aims to strengthen PFL’s financial position and support its business growth. Capital Injection and Shareholding Structure PEL’s ₹600 crore infusion into PFL …
State-owned NBCC India Limited has entered into a strategic partnership with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to jointly execute large-scale infrastructure projects across Maharashtra. The memorandum of understanding (MoU), signed on 26 March 2025, marks NBCC’s significant expansion into Maharashtra’s redevelopment sector, building upon its expertise in urban transformation projects. This …
A New Global Leader in Steel Market Capitalisation JSW Steel has achieved a significant milestone by becoming the world’s most valuable steelmaker based on market capitalisation. According to a report, the company reached a market capitalisation of ₹2,59,969 crore (US$ 30.31 billion), overtaking global players such as ArcelorMittal and US-based Nucor Corporation. ArcelorMittal, previously at …
In a major development, Wipro Limited has announced a strategic £500 million, 10-year partnership with Phoenix Group, the UK’s largest long-term savings and retirement business, the company said in a press release on the stock exchanges. This collaboration aims to modernise life and pension administration services for ReAssure, a Phoenix Group business, reinforcing Wipro’s growing …
Bandhan Bank has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to offer the Shaurya Salary Account, a specially designed corporate salary account for defence personnel, as per news reports. Exclusive Banking Benefits for IAF Personnel Under this partnership, Indian Air Force personnel will gain access to a Zero Balance savings …
BSE Ltd., one of India’s leading stock exchanges, has announced that its Board of Directors will meet on March 30, 2025, to consider and approve a proposal for issuing bonus shares, subject to necessary approvals. Trading Window Closure as per SEBI Guidelines In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and BSE’s …
Shares of Samvardhana Motherson will trade ex-dividend tomorrow as the company has set the dividend record date as 28 March, 2025. Those who hold the stock before the ex-dividend date (28 March) will be eligible for a ₹0.50 per share dividend. Here’s a look at the company’s dividend history and what investors should consider. Samvardhana …
