Tata Power has received a Letter of Award (LoA) from the Solar Energy Corporation of India Ltd (SECI) to supply 324 MW of power from its upcoming 1,000 MW Pumped Hydro Storage Project (PSP) at Bhivpuri in Maharashtra. The project was awarded through SECI’s tariff-based global competitive bidding process for the supply of 1,500 MW/12,000…
Yes Bank reported a stellar 34 percent surge in its first-quarter net profit on Saturday, comfortably driven by robust credit demand and strong loan growth. The private sector lender posted a net profit of ₹1,070 crore ($111.13 million) for the three months ended June 30, marking a substantial increase from the ₹800 crore recorded in…
Shares of Jio Financial Services climbed as much as 6 per cent on Friday after the company reported a strong financial performance for the first quarter of the 2026–27 financial year. Investor sentiment strengthened following a sharp rise in the company’s quarterly earnings, driving the stock higher in early trade on the National Stock Exchange….
Mahindra & Mahindra (M&M) has achieved a major manufacturing milestone as its Chakan facility in Maharashtra crossed cumulative production of three million vehicles. The milestone vehicle was the BE 6 electric sport utility vehicle (SUV), marking a significant achievement for the company’s manufacturing operations. The company stated that the facility produced its latest one million…
The initial public offering (IPO) of SBI Funds Management, India’s largest asset management company by assets under management (AUM), received a strong response from investors, becoming fully subscribed on the second day of bidding on Wednesday. The ₹9,812.91 crore IPO, which opened on July 14, received bids for 16.12 crore shares against 12.45 crore shares…
The Indian government is reportedly close to accepting a revised offer from Fairfax Financial Holdings Ltd. for the acquisition of a stake in IDBI Bank Ltd. The Canadian investment firm may increase its per-share bid by a few rupees after its initial valuation was rejected for being below the government’s reserve price, according to sources…
The initial public offering (IPO) of SBI Funds Management has received a positive response from brokerages, with analysts highlighting the company’s strong market position, profitability, and long-term growth potential. India’s largest asset management company (AMC) is set to enter the primary market with an aim to raise ₹9,812.91 crore through the issue. The IPO is…
Honda Motorcycle & Scooter India (HMSI) plans to create more than 3,800 new jobs as it expands its annual two-wheeler production capacity in India to approximately 8 million units by 2028. The expansion reflects Honda’s growing focus on India as a key manufacturing and export hub for both domestic and international markets. According to HMSI…
Nuvama Asset Management and Cushman & Wakefield’s joint venture, NCW Management, has achieved the final close of its Prime Offices Fund with a corpus of ₹4,000 crore. The fund, launched in 2024 with an initial target of ₹3,000 crore, was expanded following strong investor interest and significant deployment opportunities in India’s commercial real estate sector….
A US federal court is unlikely to reject the Department of Justice’s (DOJ) request to dismiss the criminal case against Indian billionaire Gautam Adani, according to legal experts. The experts said it would be highly unusual for a court to force prosecutors to continue pursuing a case after the executive branch has decided to withdraw…
