In a strategic initiative aimed at strengthening its footprint in the Indian food market, Devyani International Limited (DIL), a major force in the Quick Service Restaurant (QSR) industry, has acquired an 80.72% stake in Sky Gate Hospitality Private Limited. This acquisition encompasses three popular brands: Biryani By Kilo, Goila Butter Chicken, and The Bhojan. …
In a significant development, Indian Railway Finance Corporation Limited (IRFC), a Government of India enterprise, has emerged as the L1 (lowest) bidder for a ₹5,000 crore Rupee Term Loan (RTL) intended for NTPC. This bid, dated April 18, 2025, was part of NTPC’s ongoing efforts to raise capital for various developmental and strategic initiatives. NTPC, …
According to the CNBC-TV18 Report, China’s decision to halt the export of rare earth magnets to India, effective April 4, has stirred concerns across India’s burgeoning electric vehicle (EV) and automotive component industries. These magnets, which are critical for traction motors and several core parts in EVs, are essential for maintaining production levels and technological …
Hindustan Zinc Limited, the world’s largest integrated zinc producer, delivered a strong financial and operational performance in FY25. The company achieved record-high mined metal production of 1,095 kilotonnes and refined metal production of 1,052 kilotonnes. It also recorded its lowest zinc production cost in four years at $1,052 per metric tonne, which was 6% lower …
On Friday, April 25, shares of Vodafone Idea Ltd. opened with gains following a large trade executed at the opening bell. Despite the promising start, the sentiment turned negative as the session progressed, with the stock falling by 4.6% by 1:44 PM. Block Deal Details: ₹823 Crore Worth of Shares Traded According to exchange data, …
Hindalco Industries Ltd., the metals flagship of the Aditya Birla Group, has taken a significant step into the electric vehicle (EV) ecosystem by delivering 10,000 aluminium battery enclosures for Mahindra’s next-generation electric SUVs – the BE 6 and XUV 9e. This milestone coincides with the unveiling of Hindalco’s advanced EV component manufacturing plant in Chakan, …
Paras Defence & Space Technologies Limited (PDSTL) is a leading Indian company engaged in designing, developing, and manufacturing specialised products and solutions for the defence and space sectors. Its expertise spans three domains—optics, heavy engineering, and electronics. The company operates two state-of-the-art manufacturing units located in Ambernath (Thane) and Nerul (Navi Mumbai). Its clientele includes …
In a major development for the Indian rail manufacturing ecosystem, Titagarh Rail Systems Limited (TRSL), in collaboration with Bharat Heavy Electricals Limited (BHEL), has inaugurated a dedicated production line for the Vande Bharat Sleeper trains at its cutting-edge Uttarpara facility in Kolkata. The launch took place in the presence of senior leadership, including Mr Umesh …
Reliance Industries Limited (RIL) has informed the stock exchanges that a meeting of its Board of Directors is scheduled on Friday, April 25, 2025, to consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2025. This update, filed under SEBI’s Listing Regulations, is part of …
Patel Engineering Ltd. (PEL), a well-established infrastructure company, has secured 2 major project contracts by emerging as the lowest bidder. The first is a ₹718 crore hydropower project awarded by North Eastern Electric Power Corporation Ltd. (NEEPCO) in Arunachal Pradesh. The second is a ₹1,318.89 crore urban infrastructure project from City & Industrial Development Corporation …
