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July 1 (Reuters) - Indian firms could raise some $2.4 billion through IPOs in July, investment bankers said, raising hopes of a sustained revival in primary offerings after demand was dented by the U.S. trade war and global geopolitical tensions earlier this year. That amount would mark the strongest month since December and would follow a robust $2 billion raised in June, though most of that was raised by one company, HDB Financial Services. Education loan provider Credila Financial Services, ...Read More >
Mumbai: Suntech Infra Solutions Limited's IPO created a lot of excitement among investors. It received a massive 223.64 times subscription. Every investor category showed strong interest. The shares of Suntech Infra Solutions will be listed on the BSE SME platform on July 2. The share allotment process is in its final stage. Investors who got the shares are expecting good profits. And why not? The grey market premium (GMP) is giving a strong signal. IPO Price and GMP Signal Profit The IPO pr ...Read More >
HYDERABAD: The death toll from the massive explosion at a multi-storey chemical plant in Telangana's Medak district climbed to 35 by Tuesday morning, with several workers injured and many still unaccounted for.Rescue operations are ongoing, and officials fear the toll may rise further as teams continue to sift through the rubble in search of those possibly trapped beneath the collapsed building.The government area hospital in Patancheru, where post-mortem examinations are being conducted, confir ...Read More >
CHENNAI: Nearly Rs 1,000 crore earmarked for material components under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme for Tamil Nadu is yet to be released, significantly hampering the scheme's implementation. The Union government has released the outstanding wage dues along with an additional Rs 919 crore towards the wage component for the fiscal year 2025-2026, but not the funds for material components - raw materials like sand, stones, and cement, and also wages f ...Read More >
The Delhi government's anti-corruption branch (ACB) has arrested a suspended executive engineer and a private contractor for defrauding the Irrigation and Flood Control (I&FC) Department of Rs 4.6 crore fraud, an official said on Monday. The two accused allegedly facilitated fraudulent payments worth over Rs 4.6 crore for civil works that were never executed. The irregularities relate to drainage and road projects in a north Delhi village, Siraspur, which were found to exist only on paper. "T ...Read More >
India's Index of Industrial Production (IIP) grew by 1.2 percent in May 2025 compared to the same month in the previous year, according to the Quick Estimates released by the Ministry of Statistics and Programme Implementation. This modest uptick was powered largely by a 2.6 percent growth in the manufacturing sector, which offset contractions in both mining and electricity output. The IIP for May 2025 stood at 156.6, up from 154.7 in May 2024. Sector-wise, the manufacturing index rose to 154.3 ...Read More >
CHENNAI: Indian stock markets ended much lower on Monday, snapping a four-day winning streak. Investors booked profits after recent gains, and there were no major new domestic developments to drive the markets higher. The key Indices -- Sensex fell by 452 points or 0.54% to close at 83,606.46, and Nifty 50 also dropped, ending around 25,500, down roughly 0.55%. Stocks that fell the most under Sensex were Axis Bank, Kotak Mahindra Bank, Maruti, Ultratech Cement, Bajaj Finance, Reliance Industri ...Read More >
Mumbai, June 30 (SocialNews.XYZ) The Maharashtra government on Monday tabled the bill for the establishment of the 16-member Gadchiroli District Mining Authority for the coordination and supervision of orderly and rapid development of the mineral-bearing area and execution of plans and projects. The authority will be headed by Chief Minister Devendra Fadnavis, who is also the Gadchiroli district guardian minister. The government's move is important as it hopes to finish the Left Wing Extremism ...Read More >
New Delhi, June 29 (SocialNews.XYZ) The Indian cement sector reached 39.6 million metric tonnes (MT) in May, recorded a strong 9 per cent year-on-year (YoY) growth in volumes, according to a new report. The positive trend continued in the first two months of FY26, with volumes rising 8 per cent YoY to 78.7 million MT, according to the report by ICRA. For FY2025, cement volumes grew by 6.3 per cent YoY, totalling 453.0 million MT. ICRA projects a further 6-7 per cent growth in FY2026, with vol ...Read More >
MUMBAI: In an important development, a special PMLA (Prevention of Money Laundering Act) court on June 25 allowed restoration of assets ₹952 crore attached by the Enforcement Directorate (ED) in a money laundering case against Infrastructure Leasing & Financial Services Ltd (IL&FS), its group companies, and associated entities. The property - Surat-based plant of Vadraj Cement Limited - would be restored to Nuvoco Vistas Corporation Ltd, which has taken over the defunct company through a resolut ...Read More >
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. Also Rea ...Read More >
Mumbai: India's paintmakers must gird up for a tougher battle from two upstarts. Birla Opus, owned by billionaire Kumar Mangalam Birla, has already shaken up the nation's paints sector with its pricing war. Now, JSW Paints Ltd's ₹9,300-crore acquisition of Dutch giant AkzoNobel's India unit portends a tighter squeeze on the profitability of their peers as they battle to protect turf. The deal by JSW Paints, part of billionaire Sajjan Jindal's steel-to-cement empire, will not immediately change ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest marc ...Read More >
Guwahati: Assam chief minister Himanta Biswa Sarma has announced that the new flyover connecting the Downtown area to Six Mile area will be inaugurated in July."We are happy to announce that the new flyover near Downtown Hospital Point will be inaugurated on July 6, 2025," Sarma said on 'X' on Thursday.According to officials from the Public Works Department (PWD), the approximately 650-metre-long flyover, construction of which began last year, is being developed at an estimated cost of Rs 85 cro ...Read More >
New Delhi [India], June 27: Poonawalla Engineering Group, part of the Poonawalla Group, has been through a remarkable transformation as a result of Yohan Poonawalla's dynamic leadership. The group, which consists of Intervalve Poonawalla Ltd and El-O-Matic India Pvt Ltd, have expanded their global presence by manufacturing various types of valves such as: Ball, gate, globe valves and dual-plate check valves, in addition to Scotch-yoke actuators. These goods have applications in numerous heavy i ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JSW Paints Limited, on Friday, entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its affiliates, for a maximum consideration under the Share Purchase Agreement of up to Rs 8,986 crores, subject to certain closing adjustments (Proposed Transaction). The Proposed Transaction is subject to approval from the Competition Commission of India and the completion of a mandatory t ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JSW Paints Limited, on Friday, entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its affiliates, for a maximum consideration under the Share Purchase Agreement of up to Rs 8,986 crores, subject to certain closing adjustments (Proposed Transaction). The Proposed Transaction is subject to approval from the Competition Commission of India and the completion of a mandatory t ...Read More >
Ludhiana, Jun 8 (PTI) Punjab Congress president Amrinder Singh Raja Warring on Sunday asserted that his party will win the Ludhiana West assembly bypoll, scheduled to be held on june 19, with a "record margin". "Congress practically has no competition here", he claimed. Warring, who is also the Ludhiana MP, said that the ruling Aam Aadmi Party (AAP) was badly mistaken that the Congress would allow it to abuse power and misuse the official machinery for the elections. "First of all, we will no ...Read More >
NEW DELHI: JK Cement has formalised its joint venture agreement with Saifco Cements of acquiring a 60% stake in the company. With this, the company has set up manufacturing operations in Srinagar, Jammu & Kashmir. The company paid the consideration of ₹149.81 crore towards acquisition of 60% equity shares of Saifco. Upon this acquisition, Saifco has become a subsidiary of the company. Raghavpat Singhania, managing director of the company said, "The Jammu & Kashmir market has untapped potential ...Read More >
New Delhi | June 7, 2025: Home loan borrowers have reason to rejoice. Following the Reserve Bank of India's (RBI) decision to cut the repo rate by 50 basis points -- from 6% to 5.5%, home loan EMIs are expected to drop significantly. Also Read: RBI Slashes Repo Rate by 50 bps to 5.5%: EMIs Set to Drop, Real Estate Gets a Boost For instance, a borrower with a ₹50 lakh home loan over 20 years at an interest rate of 8.5% currently pays an EMI of around ₹43,391. With a 50-basis-point drop in inter ...Read More >
Gandhinagar, June 6 (SocialNews.XYZ) The Gujarat government on Friday announced that Chief Minister Bhupendra Patel has granted in-principle approval for development projects worth over Rs 1,700 crore in a single day. These funds will be directed to six newly-formed Municipal Corporations, five Municipalities, and the Ahmedabad and Gandhinagar Municipal Corporations. The approvals come under the Swarnim Jayanti Mukhyamantri Urban Development Scheme, aimed at accelerating infrastructure growth a ...Read More >
Katra, June 6 (UNI) Prime Minister Narendra Modi on Friday said Pakistan engineered Pahalgam terror attack to hurt Kashmir's economy and brotherhood in the country, but its evil designs failed and Indian Armed Forces hit the neighbouring country deep inside. "Pakistan attacked both humanity and Kashmiriyat in Pahalgam. Its intention was to incite riots in India and disrupt the livelihoods of hardworking Kashmiris. By attacking tourists, Pakistan aimed to damage the region's economy and peace," ...Read More >
Ahmedabad: The Adani Group's total contribution to the exchequer increased by 29 per cent to Rs 74,945 crore in fiscal year 2025, from Rs 58,104 crore in FY24, through its portfolio of listed entities, it announced on Thursday. Of the total contribution of Rs 74,945 crore, direct contributions stood at Rs 28,720 crore, indirect contributions at Rs 45,407 crore, while other contributions at Rs 818 crore, the company said in a statement. To put it in perspective, Rs 74,945 crore is roughly the co ...Read More >
Gandhinagar: Stating that it was time to decide whether the next generation will "have a plastic-free or plastic-laden environment," chief minister Bhupendra Patel on Thursday said that the campaign against single-use plastic should become a mass movement in Gujarat. Presiding over the state-level programme in Gandhinagar to mark World Environment Day, the chief minister also unveiled several projects aimed at environment protection. "The Prime Minister has envisioned environment-friendly develo ...Read More >
New Delhi [India], June 3 (ANI): The Indian cement industry is likely to see a demand growth of 6 to 7.5 per cent in the current financial year (FY26), according to a report by Systematix Research. The report highlighted that with consolidation-led discipline taking hold and strong momentum in infrastructure and housing sectors, the industry is entering a more stable and profitable phase. Also Read | Eid al-Adha 2025 Recipes: From Mutton Keema Paratha To One-Pot Mutton Pulao, Prepare These Del ...Read More >
New Delhi: The Employees' Provident Fund Organisation (EPFO), which manages retirement savings for salaried employees, reported a net addition of 1.46 million subscribers in March, with just over half being first-time enrollees, according to an official statement on Wednesday. EPFO recorded 754,000 new member enrollments in March. Provisional data showed that net subscriber additions increased by 1.15% compared to March 2024, reflecting stronger employment opportunities and growing awareness of ...Read More >
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister's Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. "In a meeting with the Honourable Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, Gautam Adani, Chairman of the Adani Group, announced a planned investment of ₹60,000 ...Read More >
West Bengal [India], February 5 (ANI): At the 8th edition of the Bengal Global Business Summit 2025, Bhutanese Minister Younten Phuntsho emphasised the importance of the summit as a platform for strengthening the collaboration between India and Bhutan. Addressing the audience, he said, "For Bhutan, this summit is an opportunity to further deepen our (India-Bhutan) collaboration and identify strategic areas where our shared aspirations align. There are several key areas where we can forge even s ...Read More >
New Delhi: India's coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday. The total coal production during January 2025 has reached 104.43 MT, reflecting a 4.38 per cent increase over 100.05 MT recorded during the corresponding period of the previous year. The contribution fr ...Read More >
New Delhi, Jan 31 (VOICE) The output of India's eight core sector industries rose 4 per cent year-on-year in December, driven by an increase in the production of coal, steel, and electricity during the month, according to government data released on Friday.The eight core industries include coal, natural gas, crude oil, refinery products, fertilisers, cement, steel and electricity which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The growth ...Read More >
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