The Production Linked Incentive (PLI) Scheme is a government program designed to offer financial incentives to both domestic and foreign companies to enhance local manufacturing in India. On February 24, 2021, the Department of Telecommunications (DoT) launched the PLI scheme to promote domestic production of telecom and networking products, with a budget of ₹12,195 crore. …
Adani Energy Solutions, a subsidiary of Adani Group, announced on Friday that it has secured a power transmission project in Gujarat under the tariff-based competitive bidding (TBCB) mechanism. The bid process was coordinated by PFC Consulting, and the project’s special purpose vehicle (SPV) was officially transferred to AESL on March 20, 2025. This marks AESL’s …
This week on Dalal Street is packed with shareholder-centric events, including dividends, stock splits, and bonus share issuances. Several major companies, such as TVS Motor Company have planned key corporate actions. Dividend Announcements This week, several prominent companies will trade ex-dividend, which means their share prices will adjust to exclude the value of the declared …
PVR Inox has partnered with the BCCI to screen Indian Premier League (IPL) matches live in cinemas across 30+ cities. Brings Live IPL Action to Cinemas The screenings started on March 21, which will include the grand opening ceremony, weekend matches, and playoffs, offering fans a stadium-like experience with immersive visuals and sound. Matches will …
State-owned engineering and construction firm IRCON International Ltd announced on Friday (March 21) that it is facing an arbitration claim of ₹158.89 crore filed by Conarch Associates. The dispute pertains to the supply and stacking of 50mm Pakur variety machine crushed track ballast for the Jaynagar-Bardibas railway project in Nepal, specifically covering the section from …
The Board of Directors of Ksolves India has announced the declaration of the 3rd interim dividend for the financial year 2024-25. At the board meeting held on Wednesday, March 19, 2025, the company approved an interim dividend of ₹7.50 per equity share on its fully paid-up equity share capital. Key Highlights Dividend Amount: ₹7.50 per …
Indian benchmark indices are likely to be impacted, supported by a global risk-on sentiment amid reports that US President Donald Trump’s tariff measures may be more targeted than initially anticipated. Additionally, GIFT Nifty signalled a higher start for domestic equities. As of 07:15 AM, GIFT Nifty, which serves as an early indicator of the Nifty …
In a week marked by a strong bullish trend in the equity markets, nine of the top 10 most-valued firms in India witnessed a combined surge of ₹3,06,243.74 crore in their market valuations. This surge came as the BSE benchmark index climbed 3,076.6 points (4.16%) and the NSE Nifty jumped 953.2 points (4.25%) during the …
Real estate giant DLF Ltd has announced plans to invest approximately ₹20,000 crore over the next few years to complete the construction of its already launched residential projects. This move is expected to generate a total cash surplus of around ₹43,000 crore from these launched projects. In a corporate presentation uploaded on stock exchanges’ websites …
IndusInd Bank, a prominent private sector lender headquartered in Mumbai, has initiated an independent probe following the discovery of accounting discrepancies linked to its derivatives portfolio. The move comes amid heightened scrutiny over the bank’s financial reporting practices and leadership stability. The share price of IndusInd Bank was trading down by 0.53% at ₹680.05 on …
