In a major boost for Anil Ambani’s Reliance Power, its subsidiary Reliance NU Energies has won the largest allocation in SJVN’s tariff-based competitive bidding process, securing a 350 MW solar power project integrated with a 175 MW/700 MWh battery energy storage system (BESS). Key Highlights of the Project Reliance Power’s Strategic Pivot Toward Renewables Future…
India has secured a spot among the top six nations globally in 6G patent filings, marking a significant milestone in its telecom innovation journey. Union Minister of State for Telecom Chandra Sekhar Pemmasani announced the achievement at the BHARAT 6G 2025 conference, highlighting India’s rapid advancements in next-generation wireless technology. India’s 6G Research & Development…
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment of a ₹3,700 crore semiconductor manufacturing unit in Jewar, Uttar Pradesh, under the India Semiconductor Mission (ISM). The project is a joint venture between HCL and Foxconn, marking a significant step in India’s semiconductor industry expansion. Key Highlights of the Semiconductor Plant…
Shares of YES Bank jumped 9% on May 12, 2025, after Japan’s Sumitomo Mitsui Banking Corporation (SMBC) announced its decision to acquire a 20% stake in the private lender for ₹13,482 crore. The deal, which involves State Bank of India (SBI) and seven private banks divesting their shares, has significantly boosted investor confidence in YES…
Adani Power Ltd., India’s largest private sector thermal power generator, has won a competitive bid to supply 1,500 MW of electricity to Uttar Pradesh from a new greenfield ultra-supercritical thermal power plant. The upcoming 2×800 MW (1,500 MW net) power plant will be developed under the Design, Build, Finance, Own, and Operate (DBFOO) model. The…
Triveni Turbine Ltd has reported a 23.6% year-on-year (YoY) increase in net profit, reaching ₹93.9 crore for the fourth quarter of FY25. The company’s revenue from operations surged 17.5% to ₹538 crore, compared to ₹458 crore in the same period last year. Robust Financial Growth Triveni Turbine’s EBITDA rose 34.25% to ₹120.4 crore in Q4,…
India Infrastructure Finance Company Limited (IIFCL), a government-owned financial institution, has reported its highest-ever profit after tax (PAT) of ₹2,165 crore for the financial year 2024–25 (FY25), marking a 39% increase from ₹1,552 crore in the previous fiscal year. This milestone continues IIFCL’s impressive financial trajectory, with PAT rising 42 times compared to its performance…
Gensol Engineering Ltd has approached the Securities Appellate Tribunal (SAT) to challenge the April 15 interim order issued by the Securities and Exchange Board of India (SEBI), which barred the company’s promoters from accessing the securities market. SEBI’s Allegations Against Gensol Engineering SAT Hearing & Gensol’s Defense SAT’s Decision Regulatory & Legal Implications With SEBI…
India’s leading tyre manufacturer, MRF Ltd, has reported a 31% year-on-year (YoY) increase in net profit for the fourth quarter of FY25, reaching ₹498 crore, driven by strong revenue growth and improved operating margins. Financial Highlights Dividend Announcement & Market Reaction Future Outlook MRF continues to focus on expanding its tyre portfolio, with analysts expecting…
FMCG major Dabur India Ltd has reported an 8.35% year-on-year (YoY) decline in net profit for the fourth quarter of FY25, citing challenging demand conditions and high food inflation. Financial Highlights Market Trends & Challenges Dividend Announcement & Future Outlook
