Reliance Acquires Additional 10% Stake in Nauyaan Shipyard for ₹51.72 Crore
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…
Sundaram Finance Increases Stake in Axles India to 62.98% | ₹182.68 Cr Deal
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…
Sasken Completes $40 Million Acquisition of BORQS and Subsidiaries
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…
TCS Reports ₹48,797 Cr Profit in FY25; Proposes ₹126 Total Dividend
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…
RBI Cuts Repo Rate to 6% in April 2025: A Pro-Growth Shift with Accommodative Stance
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…
How Tariffs Affect the Economy: Stocks, Bonds, Inflation & Global Trade
🇺🇸 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 Wins ₹55 Cr International Order for Thermal Power Project
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…
Surya Roshni Wins ₹116 Cr Pipe Supply Order from GAIL India
Surya Roshni Limited has recently been awarded a significant contract valued at approximately ₹116.15 crore (including GST) by GAIL India Limited. This order underscores Surya Roshni’s growing prominence in the steel pipe manufacturing sector and its commitment to supporting India’s energy infrastructure development. Order Details: Scope of Supply: The contract entails the supply of High-Frequency…
Kirloskar Oil Engines Bags ₹270 Cr Indian Navy Order for Indigenous 6MW Marine Engine
In a significant boost to India’s defense manufacturing capabilities, Kirloskar Oil Engines Limited (KOEL) has been awarded a prestigious order by the Ministry of Defence, Government of India, represented by the Indian Navy. The contract entails the design and development of a 6-megawatt (MW) medium-speed marine diesel engine under the Make-I scheme, emphasizing indigenous production…