Paytm’s parent company, One 97 Communications, is under regulatory focus after the Enforcement Directorate issued a show cause notice over alleged FEMA violations amounting to ₹611 crore. The case involves investments in subsidiaries, with Paytm actively seeking legal resolution. Details of the ED Notice to Paytm The notice, dated February 27, 2025, pertains to specific foreign …
The Indian automobile industry is experiencing a major shift, with Mahindra & Mahindra surpassing Hyundai Motor India to become the second-largest automaker in February 2025. Mahindra achieved this milestone by recording a 19% year-on-year (YoY) growth, selling 50,420 units in the domestic market. This strong performance reflects the increasing demand for Mahindra’s SUVs, which have …
India’s pharmaceutical sector continues to grow rapidly, with the market valued at $50 billion in FY 2023-24. Domestic consumption stands at $23.5 billion, while exports contribute $26.5 billion, solidifying India’s global presence. The industry benefits from strong government initiatives, including the establishment of seven National Institutes of Pharmaceutical Education & Research (NIPERs) and the “National …
NLC India Limited (NLCIL), a leading government-owned company under the Ministry of Coal, has secured a 200 MW wind power project from SJVN Limited at a tariff of ₹3.74 per kWh. It is expected to generate approximately 526 million units of renewable energy annually, significantly reducing greenhouse gas emissions. Expanding Presence in Renewable Energy This …
MOIL Limited announced its February 2025 production details. The company has reported its best-ever February performance in 2025, continuing its strong growth trajectory. The company achieved significant milestones in both production and exploratory activities, reinforcing its leadership in the manganese ore sector. On March 3, 2025, MOIL share price opened at ₹299.00, up from its previous close …
Polycab India Ltd has been in focus on Monday. On March 3, 2025, Polycab share price opened at ₹4,830.75, up from its previous close of ₹4,713.40. At 10:36 AM, the share price of Polycab was trading at ₹4,776.30, up by 1.33% on the NSE. Polycab India has been gaining attention for a few days now, since UltraTech …
Indian Renewable Energy Development Agency Ltd (IREDA) has been in focus on Monday. On March 3, 2025, IREDA share price opened at ₹156.65, almost the same as its previous close of ₹156.02. At 11:17 AM, the share price of IREDA was trading at ₹144.43, down by 7.43% on the NSE. IREDA Begins Trading in F&O Segment IREDA …
Beezaasan Explotech IPO opened for subscription on February 21, 2025 and closed on February 25, 2025. It was a book-built issue of ₹59.93 crore. The issue is entirely a fresh issue of 34.25 lakh shares. The Beezaasan Explotech IPO price band was set at ₹175 per share. On Day 3 of subscription, February 25, 2025, …
International Gemmological Institute (India) Limited announced its audited consolidated financial results for the calendar year 2024. CY 2024 Financial Highlights The company reported a 17% increase in consolidated revenue to ₹10,531.6 million, while EBITDA grew 21% to ₹5,997.1 million. Profit After Tax (PAT) saw a significant 29% rise, reaching ₹4,272.9 million. Further strengthening its global …
Adani Green Energy Limited (AGEL) has reached a significant milestone in its capital management journey by successfully refinancing its maiden construction facility. The facility, originally taken in 2021 for $1.06 billion, was utilised to develop India’s largest solar-wind hybrid renewable energy cluster in Rajasthan. Long-Term Refinancing for Financial Stability AGEL has secured long-term financing with …
