South Eastern Coalfields Ltd (SECL), a subsidiary of Coal India, has entered into a Rs 7,040-crore agreement with TMC Mineral Resources Pvt Ltd to implement large-scale coal production using innovative paste filling technology. This marks a significant milestone as SECL becomes the first coal PSU in India to adopt this advanced underground mining method. What…
Tata Sons Pvt., through its subsidiary Agratas Energy Storage Solutions Pvt., has signed a £750 million ($990.79 million) bridge loan agreement to fund the construction of Britain’s largest battery manufacturing facility. The deal, finalized earlier this month, involves a consortium of 15 international banks and is among the top three foreign currency loans secured by…
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, has announced the acquisition of the North Queensland Export Terminal (NQXT) in Australia. This marks the company’s fourth international asset, following its operations in Haifa (Israel), Colombo (Sri Lanka), and the Port of Dar es Salaam (Tanzania). The acquisition, valued at approximately…
In a significant development, Paytm founder and CEO Vijay Shekhar Sharma has voluntarily surrendered 21 million employee stock options (ESOPs) valued at over ₹1,800 crore. The decision comes in the wake of regulatory scrutiny by the Securities and Exchange Board of India (SEBI) over alleged violations in the issuance of share-based employee benefits. The ESOPs,…
HDFC Bank, India’s largest private sector lender, is set to announce its financial results for the fourth quarter of FY25 on April 19, 2025. Analysts predict a steady performance, with modest growth in net profit and net interest income (NII), as the bank continues to navigate post-merger challenges and focus on operational efficiency. Key Expectations…
Infosys co-founder Narayana Murthy’s family has garnered significant attention following the announcement of the company’s final dividend for the financial year 2024-25. The IT giant declared a ₹22 per share dividend, benefiting shareholders and members of the promoter group. Among the beneficiaries is Murthy’s 17-month-old grandson, Ekagrah Rohan Murty, who will receive ₹3.3 crore from…
In a landmark development, Tata Consultancy Services (TCS), a subsidiary of the Tata Group, has been allotted 21.16 acres of prime land in Visakhapatnam, Andhra Pradesh, for a symbolic lease amount of just 99 paisa. This strategic move is part of the Andhra Pradesh government’s initiative to position Visakhapatnam as a leading IT hub in…
In a dramatic escalation of the ongoing trade conflict, the Donald Trump administration has announced sweeping tariffs of up to 245% on Chinese imports. This move comes in direct response to China’s recent decision to halt the export of heavy rare earth metals and magnets, materials critical to industries such as aerospace, defense, and semiconductors….
In a historic move, Apple has airlifted iPhones worth a record $2 billion from India in March 2025, marking a significant milestone for the country’s burgeoning electronics manufacturing sector. This unprecedented operation involved Apple’s key suppliers, Foxconn and Tata Electronics, and highlights India’s growing role as a global hub for smartphone production. The airlift, which…
Gold prices in India have surged to an all-time high, crossing the ₹95,000 mark per 10 grams for the first time. This historic milestone comes as the global economic landscape faces heightened uncertainties, including a weakening US dollar and the ongoing trade war between major economies. On April 16, 2025, gold prices on the Multi…
