In a significant step towards sustainability, Indian Railways has approved a Rs 18,658 crore project aimed at reducing carbon emissions by 477 crore kilograms and cutting oil imports by 95 crore liters annually. The initiative is part of the national transporter’s commitment to achieving net-zero carbon emissions by 2030 under the PM Gati Shakti National…
Anil Ambani’s sons, Jai Anmol Ambani and Jai Anshul Ambani, are spearheading efforts to revive the debt-ridden Reliance Group, once a thriving business empire. The brothers have taken on leadership roles within the group, working tirelessly to clear debts, secure new deals, and restore the company’s former glory. Jai Anmol, the elder son, has been…
Tata Capital, the financial services arm of the Tata Group, has taken a significant step toward its $2 billion Initial Public Offering (IPO) by filing draft papers through the confidential pre-filing route. This strategic move aligns with the Reserve Bank of India’s (RBI) mandate for upper-layer non-banking finance companies (NBFCs) to list on the stock…
Rinshul Chandra, the Chief Operating Officer (COO) of Zomato’s Food Delivery business, has officially stepped down from his role, effective April 5, 2025. The announcement was made through a regulatory filing by Zomato, where Chandra cited his decision to “pursue new opportunities and passions” as the reason for his resignation. In his resignation letter addressed…
Shares of state-run oil exploration companies, Oil and Natural Gas Corporation (ONGC) and Oil India, witnessed a significant drop on Friday, April 4, 2025, following a sharp decline in global crude oil prices. ONGC’s stock fell by 7%, trading at ₹225.25 per share, while Oil India experienced a 6.5% drop, closing at ₹366.1 per share….
Fintech giant Navi, co-founded by Sachin Bansal, has announced plans to go public by the financial year 2026, leveraging its impressive milestone of 20 million monthly active users. Speaking at the Startup Mahakumbh 2025, Bansal emphasized the company’s readiness to tap into public markets to fuel its next phase of growth. “We have reached a…
Union Commerce and Industry Minister Piyush Goyal has urged entrepreneurs, including Shark Tank India judges Aman Gupta and Vineeta Singh, to rethink their investment strategies and focus on high-tech industries. Speaking at the Startup Mahakumbh 2025, Goyal emphasized the need for innovation-driven businesses that contribute to India’s long-term economic and technological growth. Addressing the judges…
Bank of Baroda (BoB) witnessed a notable rise in its share price after releasing an impressive Q4 business update for the financial year 2024-25. The state-owned lender reported robust growth in both advances and deposits, reflecting its strong financial performance and strategic initiatives. The bank’s global business grew by 11.44% year-on-year (YoY), reaching ₹27.03 lakh…
Bharat Electronics Limited (BEL), a Navratna defence public sector undertaking, has signed a significant contract worth ₹593.22 crore with the Indian Air Force (IAF). The agreement focuses on providing comprehensive maintenance services for the Akash Missile System, which was originally supplied by BEL. This development underscores BEL’s pivotal role in strengthening India’s defence infrastructure. The…
Reliance Industries Limited (RIL), led by Mukesh Ambani, has announced a groundbreaking Rs 65,000 crore investment in a sustainable energy initiative focused on Compressed Bio-Gas (CBG) production in Andhra Pradesh. The ambitious project aims to establish 500 CBG plants across the state, with the foundation stone for the first facility laid in Kanigiri, Prakasam district,…
