Bombay Burmah Trading Corporation completes the sale of a land parcel in Tamil Nadu for ₹36.47 crore. This transaction represents a strategic move by the company to monetize its non-core…
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Shriram Finance successfully raises over USD 306 million from various Development Financial Institutions (DFIs). This significant funding aims to bolster the company’s capital base and support its lending activities, particularly…
Goldman Sachs has downgraded Polycab India Ltd. from a “Buy” rating to “Neutral.” Simultaneously, they have significantly reduced the target price for the stock from ₹6,510 to ₹5,005. This downgrade…
State Bank of India (SBI) has decided to postpone its plans to raise $1.7 billion through foreign currency bonds in the current financial year. The decision is attributed to the…
The Reserve Bank of India (RBI) concludes its scrutiny of IndusInd Bank’s lending practices, specifically addressing allegations of loan irregularities. The RBI’s investigation, which focused on claims of evergreening loans…
Hindustan Construction Company (HCC) and its joint venture partner, TPL, secure a significant contract worth ₹2,191 crore for the Indore Metro project. HCC holds a 55% stake in the joint…
GMR Airports has announced significant growth in passenger traffic. In February, the company handled over 10.1 million passengers across its airports, marking a 12.9% year-over-year increase. Furthermore, GMR Airports achieved…
Kolte-Patil Developers and Blackstone have established a strategic partnership to propel residential real estate growth within India. The collaboration centers on the development of new residential projects and the expansion…
Steel Authority of India Limited (SAIL) announces a significant expansion plan for its Rourkela Steel Plant (RSP). The company commits to investing approximately ₹30,000 crore to increase the plant’s capacity…
RMC Switchgears announces it has secured a substantial order, projecting a one-time revenue opportunity of ₹229 crore. Furthermore, the company anticipates a recurring revenue stream of ₹91 crore over the…