Hindalco and Texmaco are partnering to revolutionize India's railway sector with advanced aluminum rail technology, aligned with emission reduction goals. Hindalco's expertise in aluminum alloys and Texmaco's design prowess drive the collaboration, t

India's stock indices decline as RBI introduces a new liquidity strategy. RBI Governor announces 10% ICRR for banks to manage excess liquidity from factors like ₹2000 notes. Banking shares dip, Nifty Bank index falls. The media and metals sectors m

SEBI has moved quickly on implementation The bold move by SEBI to list IPOs in 3 days from the day of closure will be reality soon. In a detailed circular issued by SEBI on August 09, 2023, SEBI has laid out the complete process flow as well as th

Adani Enterprises, led by Gautam Adani, is exploring the sale of its 44% stake in Adani Wilmar due to challenges stemming from a decline in revenue linked to falling edible oil prices. While Adani Wilmar's shares experienced a 5% drop, Adani Enterpri

In response to rising demand, FMCG leader GCPL plans to set up new manufacturing units in Tamil Nadu and Madhya Pradesh with a ₹900 crore investment. This move aims to boost production capacity by 20% in the home and personal care categories. Despi

Delhivery's shares rose by 2.52% to ₹421.60 after securing a significant contract to manage Havells India's supply chain in the western region. The deal involves using Delhivery's technology-driven solutions to enhance speed, accuracy, and visibili

It is not often that another Indian company gets to pip Reliance in the profitability sweepstakes. However, in the June 2023 quarter i.e., Q1FY24, SBI has reported profits than Reliance Industries. For the quarter, Q1FY24, Reliance had reported net p

Adani Enterprises has sold its entire 100% stake in Natural Growers to Samarpratap Agrotech for ₹8.25 crore, focusing on refining its core businesses. The acquisition aligns with Samarpratap Agrotech's expansion in the food sector. Additionally, Ad

Paytm's CEO Vijay Shekhar Sharma is acquiring a 10.3% stake from Antfin, boosting his ownership to 19.42%, while Antfin's share drops to 13.5%. The deal, valued at $628 million, showcases Sharma's dedication without cash involvement. Paytm's manageme

Indian automaker Mahindra & Mahindra has partnered with Singapore-based Temasek, a private equity firm, for its electric vehicle (EV) ambitions. Temasek will acquire up to 2.97% stake in Mahindra's EV subsidiary, Mahindra Electric Automobile Limi

India's retail investors are surging, with 3 million new demat accounts opened in July, up 50% from the previous year. Total demat accounts now stand at a record 123.5 million. Strong market performance, derivatives trading, and appealing IPOs are th

Adani's Ambuja Cements acquired a controlling stake in Sanghi Industries for $729 million, boosting its growth and cement market presence. The move accelerates Ambuja's production goals and signals Adani Group's strategic expansion. Internal funds se