The Indian government has decided to let its ambitious $23 billion Production-Linked Incentive (PLI) scheme lapse, just four years after its launch. The program, aimed at boosting domestic manufacturing and reducing reliance on China, will not be extended beyond the 14 pilot sectors, according to government officials. Background and Objectives Launched in 2020, the PLI…
Tata Capital, the financial services arm of the Tata Group, is gearing up for its highly anticipated initial public offering (IPO), estimated to be worth over ₹15,000 crore. According to reports, the company is likely to file its draft papers with the Securities and Exchange Board of India (SEBI) through the confidential pre-filing route by…
Adani Energy Solutions Ltd (AESL), India’s largest private transmission company, witnessed a significant rise in its share price, climbing nearly 4% on March 21, 2025. The surge followed the announcement of the company’s latest achievement—a ₹2,800 crore power transmission project in Gujarat, aimed at supporting the production of green hydrogen and green ammonia. Project Details…
The US Federal Reserve has decided to maintain its benchmark interest rate in the range of 4.25% to 4.50%, signaling a cautious approach amid persistent inflation and slowing economic growth. This decision, announced during the Federal Open Market Committee (FOMC) meeting on March 19, 2025, has sparked discussions about its potential impact on global markets,…
IndusInd Bank, one of India’s leading private sector banks, has recently come under scrutiny following the revelation of significant derivative losses amounting to ₹1,577 crore. This financial discrepancy, which accounts for 2.35% of the bank’s net worth, has raised serious concerns about transparency, governance, and risk management within the institution. What Led to the Fiasco?The…
Months after the passing of Ratan Tata, Noel Tata has announced a monumental investment of ₹91,000 crore to develop India’s first smart industrial city in Dholera, Gujarat. This ambitious project is set to transform the region into a global hub for advanced manufacturing and technology. The Tata Group, under Noel Tata’s leadership, will establish a…
The shipbuilding sector is witnessing a remarkable rally, with shares of Garden Reach Shipbuilders & Engineers (GRSE), Cochin Shipyard Limited (CSL), and Mazagon Dock Shipbuilders Limited (MDL) surging by up to 28% over the past two trading sessions. This surge comes amid strong trading volumes and renewed investor interest in the sector. The rally has…
NCC Limited, a prominent player in the infrastructure sector, witnessed a significant 6% rise in its share price on Thursday, March 20, 2025. The surge came after the company announced that it had received a Letter of Acceptance (LoA) for a major infrastructure development contract worth Rs 2,129.60 crore from the Andhra Pradesh Capital Region…
In a significant development, the Adani Group has announced its foray into the wires and cables industry, a move that has sent ripples through the stock market. Shares of leading players in the sector, including KEI Industries and Polycab India, witnessed a sharp decline of up to 13% on Thursday, March 20, 2025. The Adani…
In a groundbreaking move, Google has announced its acquisition of Wiz, a leading cloud security platform, for a staggering $32 billion in an all-cash transaction. This deal marks Google’s largest acquisition to date, surpassing its 2011 purchase of Motorola Mobility for $12.5 billion. The acquisition is expected to bolster Google’s cloud security capabilities and strengthen…
