Public Sector Undertakings (PSUs) have long been a cornerstone of India’s economy, playing a crucial role in driving economic growth and ensuring the country’s energy, infrastructure, and industrial development. These government-owned corporations span a wide range of sectors, including energy, banking, utilities, and defence, providing essential services and contributing significantly to government revenue. In this …
Tiger Global and Peak XV-backed CRED has taken a significant step in India’s digital financial ecosystem by becoming the first fintech platform to enable transactions using the Reserve Bank of India’s (RBI) e₹. This move aligns with RBI’s push towards a cashless economy and digital currency adoption. The RBI launched the pilot programme for the …
Adani Group’s subsidiary, Renew Exim DMCC has received approval from the Competition Commission of India (CCI) to acquire a 72.64% stake in ITD Cementation India for ₹5,757 crore. This strategic move strengthens Adani’s presence in the infrastructure and construction sectors, intensifying competition with UltraTech Cement. Adani’s Strategic Expansion in Construction The CCI has approved Renew …
Jindal Steel & Power Ltd (JSPL) has announced an additional investment of ₹70,000 crore in Odisha to boost industrial growth and improve the quality of life in the state. The announcement was made by Chairman Naveen Jindal at the ‘Utkarsh Odisha – Make In Odisha Conclave.’ The company is also considering setting up a steel …
Bharat Electronics Limited (BEL) is expanding its order book with fresh contracts valued at ₹531 Crores. The company, known for its contributions to defence and electronics, has witnessed significant growth in its order intake this financial year. Secured new orders Bharat Electronics Limited, a Navratna defence PSU, has received additional orders worth ₹531 Crores. These …
Bajaj Auto Limited announced its unaudited consolidated financial results for the quarter ended December 31, 2024. Post the announcement, on January 29, 2025, Bajaj Auto share price (NSE: BAJAJ-AUTO) opened at ₹8,420.15, up from its previous close of ₹8,398.40. At 9:44 AM, the share price of Bajaj Auto was trading at ₹8,752.85, up by 4.22% on the …
Aditya Birla Group’s Grasim Industries Ltd confirmed that its cellulosic fashion yarn business marketing office and depot in Salem, Tamil Nadu, were subjected to a Goods and Services Tax (GST) inspection by the State Tax Officer (Intelligence), Salem on January 22, 2025. Inspection and Seizure of Records Following the search, an order was passed on …
Arkade Developers has acquired a four-acre land parcel in Goregaon West, Mumbai, for ₹165 crore. The land, currently leased to Filmistan Pvt Ltd, was purchased from Aspen Properties Pvt Ltd and Kamanwala Housing Construction Ltd. The company has paid a stamp duty of ₹9.9 crore for the transaction. Plans for Luxury Housing Project Arkade Developers …
Paytm has introduced a new feature for Android users, the ‘Receive Money QR Widget’ allowing individuals and businesses to collect payments directly from their smartphone home screens. This update eliminates the need to open the Paytm app, making transactions quicker and more convenient. Payment Collection The widget helps users display their Paytm QR code on …
On January 29, 2025, BPCL shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹5 interim dividend. On January 22, 2025, BPCL announced an interim dividend of ₹5. BPCL Dividend History Ex-Date Dividend Type Dividend Amount (₹) Aug 09, 2024 Final 10.5 Dec 12, 2023 Interim 21 Aug …
