Mazagon Dock Shipbuilders – Company profile Mazagon Dock Shipbuilders Ltd’s main focus lies in the construction, repair, and manufacturing of ships, submarines, different types of vessels, and associated engineering products for clients both within India and abroad. Originally established as a private company in 1934, it later came under the ownership of the Government of …
The border disputes, and strategic location in the Indian Ocean have made the Indian defence sector crucial for the security of the nation. In the past, India relied on imports for its defence supplies. However, with the focus on atmanirbhar (self-reliance), even the defence sector is witnessing a change in landscape with the boost in …
Bagging contract from the Ministry of Defence DroneAcharya Aerial Innovations has secured a pivotal contract from the Ministry of Defense, Department of Military Affairs, based in Bhalra, Jammu & Kashmir. The esteemed contract involves the supply of Drone Simulators and will be executed at NCPITS (CBS) Bhalra, Jammu & Kashmir. This contract marks a significant …
Adani Enterprises has announced that it is set to raise $1 billion through a Qualified Institutional Placement (QIP) to boost its green hydrogen projects, as a key part of the company’s strategy to establish itself as a leader in India’s renewable energy sector, particularly in the production of green hydrogen, which is essential for reducing …
The National Stock Exchange (NSE) of India, the country’s leading exchange, has demonstrated impressive financial performance for the first quarter of FY25. The consolidated revenue and net profit figures reflect significant growth, showcasing the exchange’s strong operational capabilities and market position. Surge in Operating Revenue NSE reported a consolidated operating revenue of Rs 4,510 crores …
In a significant move to enforce regulatory compliance, the Securities and Exchange Board of India (SEBI) has issued a notice to Karvy Stock Broking Ltd. (KSBL) and its Chairman and Managing Director, C Parthasarathy. The notice demands the payment of approximately Rs 25 crore within 15 days in connection with a case involving the misappropriation …
Sonata Software recently announced in a stock exchange filing that it has been chosen by Applied Systems, a prominent provider of cloud-based software for the insurance industry, to support its strategic technology projects. This partnership is set to enhance Applied’s platform engineering and enterprise modernization efforts, particularly in integrating with Microsoft Office365, thus reinforcing their …
On July 29, 2024, ACC Limited, part of the Adani Portfolio, announced its Q1 FY’25 results. The company credited its steady and sustainable performance to increased sales, reduced costs, and better efficiency. Operational Highlights: Q1 FY’25 Year-over-Year In Q1 FY’25, ACC Limited saw a 9% increase in clinker and cement sales volume, reaching 10.2 million …
On July 29, 2024, Whirlpool of India Limited announced its first-quarter results for FY 2024-25. The company reported consolidated revenue of ₹2,496.9 crore, a 22.5% increase compared to last year. Consolidated EBITDA rose by 70.9% to ₹210.9 crore, while consolidated PBT grew by 98.7% to ₹195.9 crore. Consolidated PAT increased by 89.4% to ₹145.3 crore. …
On July 29, 2024, Sterlite Technologies Limited (STL), a top optical and digital solutions provider, announced it is expanding its Optical Networking capabilities by introducing its Optical Connectivity portfolio to the US market. This expansion is crucial for STL to offer strong, integrated optical solutions tailored to US customers’ FTTx needs. With advanced optical fibre …
