Olectra Greentech Limited has secured a significant order from the Himachal Road Transport Corporation (HRTC) for the supply and maintenance of 297 non-air-conditioned, 9-meter electric buses. This order, valued at approximately ₹424.01 crore, represents one of the largest single-state procurements of electric buses in India. The buses are specifically designed to navigate the challenging terrains…
Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a Government of India undertaking under the Ministry of Defence, has received a Letter of Award (LoA) from the Geological Survey of India (GSI) for the construction and delivery of two Coastal Research Vessels. The contract, awarded on April 8, 2025, is valued at ₹489.98 crore and is…
On April 10, 2025, Reliance Industries Limited (RIL) announced that its step-down wholly owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has entered into a share purchase agreement with Welspun Corp Limited (WCL) to acquire an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL). This acquisition, valued at ₹51.72 crore, is subject to adjustments…
On April 10, 2025, Sundaram Finance Holdings Limited (SFHL) announced its decision to acquire a 24.16% equity stake in Axles India Limited from Dana Global Products Inc. for approximately ₹182.68 crore. This acquisition will increase SFHL’s stake in Axles India to 62.98%, making it a subsidiary of SFHL. The transaction is expected to be completed…
On April 8, 2025, Sasken Technologies Limited announced the completion of its acquisition of BORQS International Holding Corp. and its identified wholly owned subsidiaries. The acquisition was executed through Sasken Design Solutions Pte. Ltd., a wholly owned subsidiary based in Singapore. The total consideration for the acquisition, including potential earn-outs, is up to US$40 million…
Tata Consultancy Services (TCS), one of the world’s leading IT services providers, has released its audited consolidated financial results for the fiscal year ended March 31, 2025. The results reflect a year of solid financial growth, strategic acquisitions, and continued commitment to shareholder value. 📊 Financial Highlights for FY25 Revenue from operations for the full…
In a significant move signaling a pivot towards supporting growth, the Reserve Bank of India (RBI) has released its Monetary Policy Statement for FY 2025-26, following the 54th meeting of the Monetary Policy Committee (MPC) held from April 7 to 9, 2025. Against a backdrop of moderating inflation and uneven global recovery, the central bank…
🇺🇸 The Impact of Tariffs: How They Affect Markets, Inflation, and Global Relations When countries like the United States impose tariffs—extra taxes on imported goods—it sets off a chain reaction across the economy. From Wall Street to Washington to trading partners abroad, tariffs can shake markets, shift interest rates, and reshape relationships. Let’s explore how…
DEE Development Engineers Limited (DDEL), a leading provider of process piping solutions, has secured a significant international purchase order valued at approximately ₹55 crore. The contract involves the supply of pre-fabricated carbon, alloy, and stainless-steel piping items for a thermal power station. Key Details of the Order: Scope of Supply: Pre-fabricated carbon, alloy, and stainless-steel…