Defence engineering firm Nibe Limited has secured a ₹150.6 crore international defence contract from a leading Israel-based original equipment manufacturer (OEM). The Pune-headquartered company confirmed the purchase order for the manufacturing and supply of Universal Rocket Launchers, designed with a range of up to 300 kilometres. Strategic Expansion in Defence Manufacturing Nibe Limited has been…
State-owned power giant NTPC Ltd has announced its Q4 FY25 financial results, reporting a 4% year-on-year (YoY) increase in consolidated net profit to ₹5,778 crore. The company also recorded a 3% YoY growth in revenue, reaching ₹43,903.7 crore. Steady Growth in Revenue and Profitability NTPC’s operational performance remained strong, with total income rising to ₹51,085…
Protean eGov Technologies Ltd. is set to expand its core business at a compound annual growth rate (CAGR) of 10–12%, according to CEO Suresh Sethi. The company, known for its PAN services, pension services, and identity solutions, is now venturing into digital identity and API services, aiming for accelerated growth following recent launches. Strategic Expansion…
Attero, India’s leading e-waste recycling and metal extraction startup, is poised to close FY25 with ₹1,000 crore in revenue, marking a 54% year-on-year growth. The company attributes its success to expanding capacity, rising demand for sustainable recycling solutions, and the rapid adoption of its tech platforms, MetalMandi and Selsmart. Key Growth Drivers Attero’s MetalMandi platform,…
Gensol Engineering is facing deepening turmoil as its Chief Financial Officer (CFO), Jabirmahendi Mohammedraza Aga, has resigned, citing immense pressure and regulatory challenges. His departure comes just days after the company’s promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, stepped down following Securities and Exchange Board of India (SEBI) investigations. Regulatory Scrutiny and Leadership Exodus…
Belrise Industries, a leading automotive component manufacturer, is set to launch its Initial Public Offering (IPO) on May 21, 2025, with a price band of ₹85–₹90 per share. The IPO, which aims to raise ₹2,150 crore, will remain open for subscription until May 23. IPO Details and Subscription Timeline The Belrise Industries IPO is a…
Anarock Group, a leading real estate consultancy firm, has reported a 33% increase in revenue for FY25, reaching ₹755 crore, driven by higher property consultancy fees and strong demand for residential and commercial properties. Key Growth Drivers Chairman Anuj Puri attributed the revenue surge to India’s overall economic growth, which has fueled real estate investments…
Gold prices have witnessed a significant decline, falling nearly 7.4% from their all-time high of ₹99,358 per 10 grams earlier this year. The latest figures show that June 2025 gold futures closed at ₹92,480 per 10 grams, marking a ₹7,347 decrease from the peak. Key Market Drivers Behind the Drop The decline in gold prices…
India’s foreign exchange (forex) reserves have surged by $4.6 billion, reaching a seven-month high of $690.6 billion as of May 9, 2025, according to the latest data released by the Reserve Bank of India (RBI). Key Drivers Behind the Surge The increase in forex reserves was primarily driven by: Historical Context and Economic Implications India’s…
Adani Defence & Aerospace has entered into a strategic partnership with Sparton (DeLeon Springs LLC), a subsidiary of Elbit Systems, to indigenise anti-submarine warfare (ASW) solutions for the Indian Navy. This collaboration marks a significant milestone in India’s efforts to reduce dependence on foreign imports and strengthen its maritime defence capabilities. Advancing India’s Undersea Warfare…
