Sterling and Wilson Renewable Energy Limited has announced the appointment of Mr. Ajit Pratap Singh as its new Chief Financial Officer (CFO), effective from 24th March 2025. This decision follows the recommendations of the Nomination and Remuneration Committee and the Audit Committee. Leadership Transition Mr Ajit Pratap Singh will replace Mr Sandeep Mathew, who has …
Ola Electric Mobility Ltd.’s share price is in focus as it settled all outstanding dues with Rosmerta Group, bringing an end to the legal proceedings between the two entities. The resolution involves Ola Electric’s wholly owned subsidiary, Ola Electric Technologies Pvt. Ltd., and follows a petition filed by Rosmerta under Section 9 of the Insolvency …
IndusInd Bank Ltd has received a penalty order of ₹30.15 crore from the Joint Commissioner of CGST & Central Excise, Thane Commissionerate. The order was issued on March 24, 2025, under Section 122(1)(ii) of the CGST Act, 2017, citing various GST-related issues. The bank stated in a regulatory filing that it is evaluating legal options …
Hyundai Motor India Ltd. has approved an investment of ₹694 crore to set up a local tooling centre. According to a stock exchange filing on Monday, the facility will focus on the manufacturing of stamping tools and panel production for vehicles. The tooling centre is expected to support operations at the company’s existing Chennai plant …
NBCC (India) Limited has been awarded 2 major work orders worth approximately ₹658.43 crore. These projects, secured in the normal course of business, focus on urban revitalisation and infrastructure development in Uttarakhand and New Delhi. Urban Redevelopment in Uttarakhand The Uttarakhand Investment and Infrastructure Development Board (UIIDB) has entrusted NBCC with key revitalisation projects amounting …
Kalpataru Projects International Ltd (KPIL) and its global subsidiaries have secured new orders amounting to approximately ₹2,366 crore. These orders span the company’s Transmission and Distribution (T&D) as well as Buildings and Factories (B&F) business segments. As of 12:12 PM on 25 March, Kalpataru Projects International share price is trading at ₹1,005.00, up ₹24.60 (2.51%) …
Today, on March 25, 2025, Bajel Projects Limited informed the stock exchanges that it has received a large EPC (Engineering, Procurement and Construction) contract from Madhya Pradesh Power Transmission Corporation Limited (MPPTCL). The order is related to the construction of 132kV transmission infrastructure for the Bhopal Metro Rail Project. As of 12:32 PM on March …
SBI Life Insurance Company Ltd has received an Income Tax Order from the Faceless Assessment Unit for the Assessment Year 2023-24 (FY 2022-23), raising a tax demand of ₹352.50 crore along with ₹78.50 crore in interest. The company has stated that it will contest the demand through an appeal. Tax Demand and Basis of Dispute …
Rail Vikas Nigam Limited (RVNL) has been awarded a crucial railway electrification contract after emerging as the lowest bidder (L1). This project, undertaken in collaboration with Central Railway, is part of India’s ongoing infrastructure modernisation efforts. Project Overview and Scope RVNL secured the contract for Overhead Equipment (OHE) modification work, upgrading the existing 1×25 KV …
Seamec Limited has signed a subcontract agreement with Posh India Offshore Private Limited for specific installation works under major ONGC projects. This partnership is a part of the company’s ongoing efforts to expand its business operations. Agreement Overview Seamec Limited has entered into a subcontract agreement with Posh India Offshore Private Limited to carry out …
