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, …
The Indian paint industry, known for its resilience, has faced significant headwinds recently. Leading players like Asian Paints, Indigo Paints, Berger Paints, and Shalimar Paints have seen a sharp decline in their share prices, with Asian Paints and Indigo Paints share prices reaching 52-week lows recently. The ongoing challenges stem from subdued demand, heightened competition, …
On Thursday, January 16, 2025, shares of Indian Railway Finance Corporation (IRFC) rose by nearly 4%, reflecting investor optimism following a significant agreement. IRFC, a Public Sector Enterprise under the Ministry of Railways, signed a lease agreement with NTPC, another Public Sector Enterprise under the Ministry of Power, to finance the first phase of its …
Zen Technologies Limited, a pioneer in defence training and anti-drone solutions, has achieved a significant milestone. The company announced the successful design registration of its state-of-the-art “60 mm Mortar Training Simulator” under the Designs Act, India. This breakthrough solidifies Zen’s position as a global leader in military training innovations. The share price of Zen Technologies …
