Ahmedabad-based Torrent Power Ltd. (TPL) has signed a long-term sales and purchase agreement (SPA) with BP Singapore Pte Ltd, securing the supply of up to 0.41 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from 2027 to 2036. Strategic Move for Energy Security The LNG procured under this agreement will be strategically utilized…
Investors looking to benefit from Coforge Ltd.’s 1:5 stock split must purchase shares by June 3, 2025, as the stock will begin trading on an ex-split basis from June 4, 2025. Stock Split Details & Eligibility Coforge has announced its first-ever stock split, where each existing equity share with a face value of ₹10 will…
Leading highway developer IRB Infrastructure Developers Ltd. has set an ambitious target to expand its asset base to Rs 1.4 lakh crore over the next three years, leveraging its BEST strategy and recent asset transfers. Strategic Growth Plan IRB is implementing its BEST policy, which involves: The company recently transferred three build–operate–transfer (BOT) highway assets…
Leading commercial vehicle manufacturer Ashok Leyland has recorded a 5% year-on-year increase in total vehicle sales, reaching 15,484 units in May 2025, compared to 14,682 units in the same month last year. Segment-Wise Performance Domestic & Export Market Trends Market Outlook & Future Plans Ashok Leyland continues to strengthen its position in the commercial vehicle…
State-owned Coal India Ltd (CIL) has reported a 1.3% year-on-year decline in coal production for May 2025, with output totaling 63.5 million tonnes (MT), compared to 64.4 MT in the same month last year. Production & Offtake Trends Despite the slight dip in production, coal offtake remained steady at 64.0 MT, marking a modest increase…
Global cosmetics giant L’Oréal has announced ambitious expansion plans for India, aiming to more than double its business in the country within the next couple of years. India: A Strategic Market for L’Oréal L’Oréal CEO Nicolas Hieronimus emphasized India’s importance as a key strategic market, citing its rapidly growing beauty industry and strong consumer demand….
US-based investment firm GQG Partners has increased its stake in ITC Ltd to 5.47% through a bulk deal, following British American Tobacco’s (BAT) partial exit from the company. Strategic Investment & Market Impact GQG acquired an additional 0.51% stake in ITC, raising its total holding from 4.96% to 5.47%. The transaction was executed on May…
Workspace solutions provider Awfis Space Solutions Ltd. has projected a 30% revenue growth for the financial year FY26, driven by rapid expansion and increasing demand for flexible office spaces. Growth Strategy & Market Expansion Awfis sold 53,000 seats in FY25, up from 37,000 in FY24, and aims to add another 40,000 seats this year, bringing…
Jindal Stainless Limited has taken a significant step towards sustainability by acquiring a 33.64% equity stake in a special purpose vehicle (SPV) to develop a 282 MW hybrid renewable energy project. Strategic Investment for Clean Energy The SPV, named Oyster Green Hybrid One Private Limited, has been formed in collaboration with Oyster Renewable Energy Private…
Bengaluru-based IT giant Infosys has announced a 22% increase in the annual compensation of its CEO & MD, Salil Parekh, bringing his total earnings to Rs 80.6 crore for the financial year 2024-25 (FY25). Breakdown of Salary Components Parekh’s compensation includes: The significant rise in his earnings is primarily attributed to restricted stock units (RSUs),…
