NEWS
PNC Infratech Limited has announced that it has emerged as the lowest (L1) bidder for a major infrastructure project awarded by the Bihar State Road Development Corporation (BSRDC). The project involves the construction of a high-level bridge and approach road on the Hathouri–Atrar–Bavangama–Aurai Road in Bihar, covering a stretch of 21.3 km. The contract will…
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…
In a significant move to stimulate lending and bolster economic growth, the Reserve Bank of India (RBI) has revised its risk weight norms, leading to a notable surge in banking and Non-Banking Financial Company (NBFC) stocks. This policy adjustment is poised to enhance the lending capacity of financial institutions and address liquidity challenges faced by…
GE Power India Limited, a key player in the power generation and energy solutions sector, has announced the receipt of significant purchase and work orders totaling INR 403.38 million (excluding 18% GST). These orders, awarded by NTPC Limited and M.P. Power Generating Co. Ltd., highlight GE Power India’s continued role in supporting India’s energy infrastructure. Here’s a detailed look…
Today 7 Feb 2025, the RBI governor address following the Monetary Policy Committee (MPC) meeting held on the 5th, 6th, and 7th of this month, the Governor of the Reserve Bank of India (RBI) outlined the committee’s resolution, policy rate adjustments, and key regulatory measures. The MPC’s decisions are important to businesses, economists, academicians, and…
The Reserve Bank of India (RBI) is set to announce its monetary policy decision, with markets keenly watching for a potential rate cut. The new RBI Governor, Sanjay Malhotra, has taken charge, and expectations are high regarding his policy direction. Key Factors to Watch: Interest Rate Decision – Will RBI cut rates? If so, by…
The budget speech introduces several initiatives that indirectly support the Artificial Intelligence (AI) sector, though it does not outline a dedicated AI policy. Here’s a breakdown of the key provisions: Key AI-Related Initiatives Centre of Excellence in AI for Education: A ₹500 crore allocation will fund a Centre of Excellence in AI for education, aimed…
The budget speech introduces several income tax reforms aimed at relieving the middle class, simplifying procedures, and encouraging voluntary compliance. Below are the key highlights: Personal Income Tax Reforms A new income tax regime with revised slabs and lower tax rates to reduce the burden on the middle class. No income tax on income up…
The budget speech details a range of initiatives and financial support aimed at key sectors of the Indian economy, with a strong focus on agriculture, MSMEs, and infrastructure development—identified as the “four engines” of growth. Various industries will benefit from targeted programs and dedicated financial allocations to drive economic progress. Agriculture and Allied Sectors Agriculture…
W.S. Industries (India) Limited Secures Major Construction Contract for Tiruchirappalli’s Integrated Bus Terminal and Utility Facility Center Chennai, India – January 9, 2025 – W.S. Industries (India) Limited (WSI), a prominent name in India’s construction sector, has been awarded a significant contract for additional and balance works at the Integrated Bus Terminal and Multi-Utility Facility…