In a major turnaround, Vedanta Resources Ltd has reported a robust profit of $1,617 million for the fiscal year ending March 2025, reversing a $400 million loss from the previous year. The London-based natural resources conglomerate attributed the strong performance to favorable commodity prices, higher premiums, and operational efficiencies. Revenue Growth and Strategic Vision The…
In a landmark move for India’s sustainable finance landscape, engineering and infrastructure giant Larsen & Toubro (L&T) has successfully listed the country’s first ESG (Environmental, Social, and Governance) bonds on the National Stock Exchange (NSE), raising ₹500 crore through non-convertible debentures (NCDs). A Milestone in Green Financing The bonds were issued under the Securities and…
In a landmark development for India’s defence self-reliance initiatives, Bharat Forge—through its defence subsidiary Kalyani Strategic Systems—has emerged as the lowest bidder (L1) in the Indian Army’s tender to supply over 4.25 lakh indigenously developed CQB (Close Quarter Battle) carbines. The contract, estimated to be worth around Rs 2,000 crore, marks one of the largest…
The Global Trade Research Initiative (GTRI) has raised red flags over proposed changes to India’s telecom procurement policy, warning that relaxing local content (LC) norms could severely disadvantage domestic manufacturers and open the floodgates for multinational corporations (MNCs) to dominate government contracts. The Department of Telecommunications (DoT) has initiated a public consultation process, open until…
Shares of Bharat Electronics Limited (BEL) surged to a fresh all-time high after the state-owned defence electronics giant announced new orders worth ₹585 crore, further solidifying its position as a key player in India’s strategic manufacturing ecosystem. The stock closed at ₹408.05, up 2.38% on the BSE, following the announcement. 🔧 Order Details and Strategic…
The Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs 29 lak on six entities for multiple violations of Alternative Investment Fund (AIF) regulations. The fine targets prominent financial players including India Asset Growth Fund (IAGF), its manager Essel Finance Advisors and Managers (EFAM), and trustee Vistra ITCL (India), along…
In a significant move aimed at strengthening India’s coal production, Coal India’s subsidiary, Central Coalfields Ltd (CCL), is all set to bring two new coal mines into production during the current fiscal year. The expansion is expected to ramp up CCL’s production capacity by an additional 10–12 million tonnes per annum (MTPA), supporting the state’s…
Bengaluru-based contract manufacturing unicorn Zetwerk is set to invest between Rs 500–800 crore in expanding its component manufacturing capabilities. The ambitious investment will drive production of critical items such as printed circuit boards (PCBs), enclosures, and electromechanical components—including heat sinks and sensors—leveraging the government’s Production Linked Incentive (PLI) scheme. Zetwerk’s co-founder, Rahul Sharma, stated, “We…
Amid a backdrop of geopolitical tensions and economic headwinds, veteran investor and Motilal Oswal Group co-founder Raamdeo Agrawal has urged new investors to embrace patience and discipline as essential tools for navigating today’s volatile markets. Speaking to ET Now, Agrawal acknowledged that many retail investors are feeling disillusioned by the current “dull phase” in the…
The Securities and Exchange Board of India (SEBI) has taken decisive action against two market operators—Shivprasad Pattiya and Alkesh Narware—for orchestrating a fraudulent scheme that misled investors and manipulated illiquid stock options. The regulator has barred both individuals from accessing the securities market for three years and ordered them to return ₹4.83 crore along with…
