Azad Engineering Limited, established in 1983 and headquartered in Hyderabad, India, is a distinguished manufacturer renowned for its expertise in precision-engineered components catering to the aerospace, defence, energy, and oil & gas industries. Signed Agreement with GE Vernova In a significant development, Azad Engineering has secured a prestigious long-term supply agreement with GE Vernova International …
Alembic Pharmaceuticals Limited, founded in 1907, stands as a premier, research-driven pharmaceutical company headquartered in India and publicly listed. Renowned for its expertise in branded generics, Alembic excels in the production and global distribution of high-quality generic medicines. Its state-of-the-art research and manufacturing facilities are endorsed by leading regulatory authorities, including the US Food and …
On January 16, 2025, the BSE Sensex and NSE Nifty50 closed higher for the third straight session. The Sensex gained 318.74 points (0.42%) to finish at 77,042.82, moving between 76,895.51 and 77,319.50 during the day. The Nifty50 also ended in the green, rising 98.60 points (0.42%) to settle at 23,311.80. It touched a high of …
The Ministry of Defence (MoD) has entered into a ₹2,960 crore agreement with Bharat Dynamics Limited (BDL) to supply Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The contract was signed in New Delhi in the presence of Defence Secretary Shri Rajesh Kumar Singh, underscoring a significant step in India’s ongoing defence modernisation efforts. Enhancing …
On January 15, 2025, Michael Patra, the Reserve Bank of India’s (RBI) Deputy Governor, completed his extended tenure. Initially appointed in January 2020 for a three-year term, Patra’s tenure was extended by the central government for an additional year, highlighting his instrumental role in India’s monetary policy landscape. Career Highlights of Michael Patra A seasoned …
On January 15, 2025, Happiest Minds Technologies Ltd announced a strategic collaboration with Coca-Cola Beverages Vietnam to develop generative AI (GenAI) solutions aimed at enhancing organisational productivity and operational efficiency. This collaboration is part of Happiest Minds’ GenAI business services (GBS) initiative, through which the IT firm worked closely with Coca-Cola’s strategic team during a …
On January 15, 2025, RBL Bank Ltd announced the appointment of Soma Sankara Prasad as an additional non-executive independent director. The appointment will be effective immediately, with a tenure of four years. The decision was made following the recommendations of the bank’s Nomination and Remuneration Committee and is subject to approval by shareholders. About Soma …
On January 15, 2025, state-owned gas utility GAIL (India) Ltd announced the resolution of a long-standing arbitration dispute with SEFE Marketing & Trading Singapore Pte Ltd. As part of the settlement, SEFE Marketing will pay $285 million to GAIL (India), effectively bringing the dispute to an end. The agreement also includes the withdrawal of ongoing …
In a groundbreaking development, Gensol Engineering Limited and Refex Green Mobility Limited have joined forces in a strategic partnership. This agreement involves the transfer of 2,997 electric four-wheelers (e4Ws) and marks a major milestone in promoting sustainable transportation solutions across key Indian cities. The share price of Gensol has surged by 4.80% as of 11:35 …
Garuda Construction and Engineering Limited (GARUDA), a prominent player in the specialised EPC (Engineering, Procurement, and Construction) sector, has announced its largest project to date. The company has secured a prestigious order worth ₹1,087.34 crore from the Gorakhpur Development Authority, a significant milestone in its growth trajectory. As of 10:30 am on January 16, 2025, …
