Reliance Industries Limited (RIL), led by Mukesh Ambani, announced on Friday the acquisition of a 100% equity stake in Kandla GHA Transmission Ltd (KTGL) from PFC Consulting Ltd (PFCCL). The acquisition strengthens RIL’s position in the energy transmission sector, particularly in supporting green hydrogen and ammonia production projects in Gujarat. Complete Takeover of KTGL …
IndusInd Bank has announced that it is taking steps to realign senior management roles and fix accountability following an independent investigation into accounting discrepancies. The investigation, commissioned on March 20, 2025, was carried out by an external professional firm, which submitted its report to the bank on April 26, 2025. The report identified a cumulative …
The Ministry of Cooperation signed a memorandum of understanding (MoU) with Swiggy Instamart on April 25, 2025. The agreement was signed by Swiggy Instamart CEO Amitesh Jha and Joint Secretary of the Ministry D K Verma. Secretary of the Ministry, Dr. Ashish Kumar Bhutani, was present during the signing. As of 9:40 AM on April …
Poonawalla Fincorp Limited (PFL), a leading player in Consumer & MSME Lending, has announced the implementation of a cutting-edge AI-powered debt management platform. This transformative solution aims to revolutionise PFL’s debt management processes, enhancing operational efficiency, and reshaping the collections journey in the lending sector. Advanced AI Platform for Enhanced Efficiency The newly implemented …
RailTel Corporation of India Ltd has secured a work order worth ₹90.08 crore from the Institute of Road Transport. The contract covers the design, development, supply, implementation, operations, and maintenance of an Enterprise Resource Planning (ERP) system for three transport corporations: MTC Ltd, Chennai, TNSTC-Coimbatore, and TNSTC-Madurai. Timeline and Execution The work order was received …
India’s top FMCG players Hindustan Unilever (HUL), Nestlé India, and Tata Consumer Products released their Q4FY25 results recently. While the companies reported sales growth despite persistent commodity inflation, margin pressures and cautious forward-looking commentary weighed on investor sentiment. Shares of all three companies saw some selling pressure post-results, even though the earnings were broadly in line …
Mahindra & Mahindra (M&M) announced on Sunday that it has signed an agreement to acquire a 58.96% stake in SML Isuzu Ltd. (SML) for ₹555 crore. The acquisition will be done at a price of ₹650 per share. As part of the deal, M&M will purchase the 43.96% stake held by Sumitomo Corporation and a …
NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC Ltd, signed a Memorandum of Understanding (MoU) with Honeywell UOP India Pvt Ltd on April 25, 2025. The MoU was exchanged between D M R Panda, Executive Director (Hydrogen) at NTPC, and Ranjit Kulkarni, Vice President and General Manager (ESS) at Honeywell UOP. The companies will …
Sonata Software has announced a transformative engagement worth $73 million with a major US-based company in the Technology, Media, and Telecom (TMT) sector. This multi-year partnership will span five years, focusing on driving the client’s digital strategy to enhance scalability, accelerate innovation, and optimise IT operations using an AI-first approach. Post the announcement, on …
On April 28, 2025, at 12:01 PM, the NIFTY 50 stood at 24,287.15, up by 1.03%, while the BSE Sensex rose to 80,095.62, gaining 883.09 points (1.11%). The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open (₹) High (₹) Low( ₹) LTP (₹) %chng RELIANCE 1,340.00 1,359.60 1,320.20 1,358.60 4.48 …
