Business

In a significant development for retail and institutional investors seeking low-risk avenues for parking short-term funds, JioBlackRock Mutual Fund is set to launch its maiden liquid fund scheme. The JioBlackRock Liquid Fund New Fund Offer (NFO) opens for subscription on June 30, 2025, marking the entry of this Reliance-BlackRock joint venture into India’s competitive money…

Prestige Group has announced a strategic joint venture with Chennai-based Arihant Foundations and Housing Ltd to develop a ₹1,600 crore premium residential project in Velachery, one of Chennai’s most sought-after neighborhoods. The project will be executed through their JV entity, Canopy Living LLP, and marks a significant expansion of Prestige’s footprint in South India. 🏗️…

Titagarh Rail Systems Ltd. (TRSL) has clinched a significant ₹430.53 crore contract from the Maharashtra Metro Rail Corporation Limited (MMRCL) for the supply of 12 additional trainsets for the Pune Metro Rail Project. The order marks a strategic expansion of TRSL’s footprint in India’s urban transit sector and reinforces its position as a leading rolling…

India’s largest listed real estate developer DLF Ltd has made a high-profile return to Mumbai after over a decade, announcing a ₹2,500 crore premium residential project named ‘The Westpark’ in Andheri West. The project, developed in partnership with Trident Realty, marks DLF’s formal re-entry into one of India’s most competitive real estate markets. 🏗️ Project…

In a landmark move to ease financial pressure on critical government departments, the Union Cabinet has reportedly approved a one-time waiver on over ₹6 lakh crore in spectrum dues, covering penalties and nearly all interest charges. The relief applies to central and state departments such as Defence, Railways, Space, and Broadcasting, but excludes PSUs and…

Union Minister for Road Transport and Highways Nitin Gadkari has declared that India has slashed logistics costs by 6%, a milestone he called “critical to building a $5 trillion, future-ready economy.” Speaking at the ET Edge Supply Chain Management Fest 2025 in New Delhi, Gadkari outlined the government’s multi-pronged strategy to transform India into a…

Lloyds Metals and Energy Ltd (LMEL) has received a major boost with the Ministry of Environment, Forest, and Climate Change granting environmental clearance (EC) to expand its iron ore mining capacity to 55 million tonnes per annum (MTPA)—making it the largest iron ore operation in India. Strategic Expansion in Gadchiroli The expansion pertains to LMEL’s…

In a forward-looking statement that underscores the shifting industrial landscape, Tata Steel Managing Director and CEO T V Narendran has predicted that the recycling industry will outgrow the mining sector by 2050, creating vast opportunities for innovation, sustainability, and economic growth. Speaking at the platinum jubilee celebrations of the Singhbhum Chamber of Commerce and Industry…

In a landmark move to align with India’s climate commitments under the Paris Agreement, the Ministry of Environment, Forest and Climate Change (MoEFCC) has drafted a proposal mandating greenhouse gas (GHG) emission reduction targets for both public sector undertakings (PSUs) and private refineries, as well as the textile industry. This marks the first time these…