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,…
The recent announcement of a 26% reciprocal tariff on Indian imports by former U.S. President Donald Trump has sparked global economic discussions. However, India’s market has shown remarkable resilience, with minimal disruptions compared to other nations affected by the sweeping tariff policy. Experts attribute this stability to India’s diversified export portfolio and strategic exemptions granted…
India’s billionaire count has risen to 205 in 2025, up from 200 last year, according to Forbes’ World’s Billionaires List 2025. Despite the increase in numbers, the collective wealth of Indian billionaires has declined to USD 941 billion from USD 954 billion in 2024, primarily due to fluctuations in stock market valuations. Mukesh Ambani, Chairman…
Mundra Port, the flagship facility of Adani Ports and Special Economic Zone (APSEZ), has achieved a groundbreaking milestone by becoming the first Indian port to handle over 200 million metric tonnes (MMT) of cargo in a single financial year. This historic achievement was recorded for the fiscal year 2024-25, marking a significant leap in India’s…
IndusInd International Holdings Ltd (IIHL), a Hinduja Group company, has officially assumed control of Reliance Capital, marking the conclusion of a three-year-long resolution process under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code (IBC). The development follows the withdrawal of a petition by Reliance Capital’s lenders from the National Company Law…
Google has expressed its appreciation for the National Company Law Appellate Tribunal’s (NCLAT) recent decision to significantly reduce the antitrust penalty imposed on the tech giant by the Competition Commission of India (CCI). The penalty, originally set at ₹936.44 crore in 2022, has been lowered to ₹216.69 crore following NCLAT’s ruling. The case revolved around…
As the new financial year begins on April 1, 2025, several significant changes in financial regulations are set to impact taxpayers, UPI users, credit card holders, and pensioners across India. These updates, announced in the Union Budget 2025 and other regulatory frameworks, aim to streamline processes and enhance financial security. 1. Revised Income Tax SlabsUnder…
The Reserve Bank of India (RBI) is anticipated to proceed with another round of monetary easing during its April Monetary Policy Committee (MPC) meeting, according to a report by Bank of America (BofA) Global Research. The central bank is expected to reduce the repo rate by 25 basis points (bps), bringing it down to 6%,…
In a significant move to support the financially struggling telecom operator Vodafone Idea (Vi), the Indian government has decided to convert ₹36,950 crore of the company’s outstanding spectrum auction dues into equity. This decision will increase the government’s stake in Vodafone Idea from 22.6% to approximately 48.99%, making it the largest shareholder in the company….
