In a decisive statement of intent, JSW Group Chairman Sajjan Jindal has laid out a transformative blueprint for the company’s future, positioning JSW as a central force in India’s industrial ascent. As global trade dynamics shift away from China, Jindal believes JSW can spearhead India’s rise as the world’s next manufacturing hub. From combating unfair …
Ananya Birla, under the Aditya Birla Group, has introduced a new premium cosmetics brand called LOVETC through Birla Cosmetics Pvt. Ltd. (BCPL). This move marks the company’s deeper entry into India’s beauty segment, especially after launching Contraband earlier this year. The aim is to offer high-quality, performance-driven colour cosmetics that are homegrown yet world-class. Vision …
For the first time ever, ONGC, Reliance Industries and global energy firm BP have teamed up to win an offshore oil exploration block in Gujarat. This consortium secured the GS-OSHP-2022/2 block located in the Saurashtra Basin as part of India’s ninth Open Acreage Licensing Policy (OALP-IX). ONGC holds a 40% stake, while Reliance and BP …
Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, has made significant progress in India’s energy sector. In a notable achievement, the company has secured 9 blocks in the ninth round of the Open Acreage Licensing Policy (OALP IX), showcasing its aggressive growth and deepening role …
Cairn Oil & Gas, a vertical of Vedanta Limited, has significantly bolstered its exploration portfolio by acquiring seven new blocks under the Open Acreage Licensing Policy (OALP) Round-IX. As India’s largest private oil and gas producer, Cairn’s latest acquisition underlines its ongoing commitment to energy security and resource development. This strategic move not only enhances …
Starting April 16, 2025, major city gas distribution companies in India will operate with reduced volumes of APM (Administered Price Mechanism) domestic gas. The revised allocations have been communicated by GAIL (India) Ltd, the nodal agency for gas supply. The reductions affect distributors supplying piped natural gas (PNG) and compressed natural gas (CNG) in urban …
The Ministry of Labour & Employment has signed an MoU with Swiggy to list gig and logistics jobs on the National Career Service (NCS) portal. The aim is to create over 12 lakh job opportunities in the next 2-3 years. As of 9:21 am on April 16, 2025, Swiggy share price was trading at ₹338.70, …
IndusInd Bank has received an external audit report identifying discrepancies in its derivative transactions. The report, submitted on April 15, 2025, estimated a negative impact of ₹1,979 crore as of June 30, 2024. This translates to 3.1% of the bank’s net worth at that point, which stood at ₹63,815 crore. As of 9:25 am on …
The Competition Commission of India (CCI) has approved the merger of Quality Care India Ltd. (QCIL) into Aster DM Healthcare Ltd. The transaction is structured as a scheme of amalgamation. Once the merger is completed, the combined entity will be renamed Aster DM Quality Care Ltd. As of 9:31 am on April 16, 2025, Aster …
On April 15, 2025, the capital market regulator, the Securities and Exchange Board of India (SEBI) has taken serious action on GensolEngineering. SEBI Order Against Gensol Engineering Following allegations of fund misappropriation and misleading disclosures, the market regulator on Tuesday issued an interim order against Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi. The …
