India’s Reliance Industries Ltd. (RIL), which operates the world’s largest refining complex, plans to partially pay for crude oil purchases from Venezuela using naphtha supplies, according to the reports. This decision follows U.S. approval granted in July 2024, allowing the company to resume oil trade with the sanctioned South American nation. Background Reliance had to …
Bajaj Finance, India’s largest consumer finance non-banking financial company (NBFC) with assets under management of Rs.3.54 lakh crore, has been issued a show-cause notice by the Directorate General of Goods and Services Tax Intelligence (DGGI). The notice, dated August 3, 2024, alleges that Bajaj Finance evaded Rs.341 crore in taxes by misclassifying a taxable service …
NBCC: A Legacy of Excellence in Construction Established in 1960 as a Civil Engineering Enterprise of the Government of India, NBCC (National Buildings Construction Corporation) has evolved into a leading player in the construction sector. Headquartered in Delhi, the company holds the prestigious status of a Navratna Central Public Sector Enterprise (CPSE). Over the decades, …
Ola Electric’s Tepid Market Debut On Friday, Ola Electric Mobility’s much-anticipated shares made their debut on the stock exchanges with a rather flat performance, listing at nearly par value on both the NSE and BSE. Specifically, the stock opened at Rs 75.99 on the BSE and Rs 76 on the NSE. While this was slightly …
Global investment firm Blackstone has announced that it is set to sell 330 million units of its REIT firm, Nexus Select Trust, in a block deal valued at nearly Rs.4,500 crore, according to the reports. The transaction is expected to take place today at a floor price of Rs.135 per unit, marking a 6.3% discount …
Nazara Technologies Ltd., India’s premier gaming and sports media company, has acquired UK-based IP gaming studio Fusebox Games in an all-cash deal worth Rs 228 crore. The acquisition bolsters Nazara’s portfolio with Fusebox’s popular interactive story games and IPs. Nazara Technologies Acquires Fusebox Games in Rs 228 Crore Deal Nazara Technologies Ltd., India’s only publicly …
On Thursday, Power Finance Corporation (PFC) announced it has successfully obtained a long-term loan of 25.5 billion Japanese yen (approximately Rs 147 crore) from the Japan Bank for International Cooperation (JBIC). This significant funding is part of JBIC’s Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN) initiative, aimed at supporting sustainable energy projects. …
In a significant development for India’s space sector, BEML Ltd., a prominent public sector unit, has delivered essential light alloy structures to the Indian Space Research Organisation (ISRO) for its Launch Vehicle Mk-3 program. This contribution underscores BEML’s pivotal role in supporting the nation’s ambitious space missions. BEML’s Expertise in Aerospace Manufacturing BEML’s aerospace division …
Eicher Motors Limited (EML) is one of the leading Indian multinational automotive companies that manufacture motorcycles and commercial vehicles, headquartered in New Delhi. Eicher Motors is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles in India. Royal Enfield is the top-selling brand under Eicher Motors, significantly contributing to generating higher revenue. Eicher …
JSW Energy has recently achieved a notable milestone in its renewable energy portfolio. On Thursday, the company announced that its wholly-owned subsidiary, JSW Neo Energy Limited, received a letter of award from the Solar Energy Corporation of India (SECI). This award signifies the company’s commitment to expanding its renewable energy capabilities and underscores its competitive …
