News on companies in public and private sector.
The Reserve Bank of India will now permit banks to finance mergers and acquisitions by Indian corporates. This new framework significantly expands the scope of capital market lending for the banking sector.
India’s largest corporate groups, including Reliance and Adani, show strong interest in NPCIL’s tender for the Bharat Small Reactors (BSR). The project, using indigenous PHWR technology, marks the first major entry of the private sector into nuclear generation, with a project deadline now set for March 2026.
In a major push for India’s public sector telecom, the government has greenlit a fresh capital injection of ₹6,982 crore for BSNL, earmarking the funds specifically for the nationwide expansion of its 4G network. This move is part of a broader strategy to bolster BSNL’s financial health and competitive standing against private players.
Order to cover 18,685 new sites under Atmanirbhar Bharat initiative Bharat Sanchar Nigam Limited (BSNL) has placed an additional Advance Purchase Order (APO) worth ₹2,903.22 crore with Tata Consultancy Services (TCS) to enhance its 4G mobile network infrastructure. As per a regulatory filing by TCS, the order involves the planning, supply, installation, testing, commissioning, and…
aluplast, a global leader in uPVC window and door profiles, has made a significant leap toward sustainable energy by installing a 300 kWp solar rooftop system at its Vadodara facility in Gujarat. The inauguration ceremony, which took place at the aluplast factory, was attended by Mr. Dirk Seitz, Director, and Mr. Babak Golriz, Head of…
Hindustan Aeronautics Limited (HAL) has signed a long-term contract with Safran Aircraft Engines (SAE) for the supply of turbine-forged parts for the LEAP engine. The agreement, finalized at Aero India 2025, marks a significant step in the industrial collaboration between the two companies. This contract follows a Memorandum of Understanding (MoU) signed in October 2023,…
Vedanta Group Chairman Anil Agarwal announced the company’s ambitious plan to invest ₹1 lakh crore in Rajasthan over the next 2-3 years. This investment will focus on enhancing the production capacity of its businesses in the state, generating significant economic growth and creating 1 lakh additional employment opportunities. Vedanta’s subsidiary, Hindustan Zinc, currently produces 1…
A recent survey by Aon plc forecasts that Indian salaries will rise by 9.5% in 2025, driven by a positive business outlook across various sectors. This marks a slight increase from the 9.3% hike expected in 2024. The engineering, manufacturing, and retail sectors are likely to witness double-digit salary growth of 10%, while financial institutions…
In a significant move to boost capacity and enhance community welfare, T.K. Ramachandran, Secretary of the Ministry of Ports, Shipping, and Waterways (MoPSW), visited Deendayal Port Authority (DPA) in Gujarat to review ongoing projects and inaugurate key initiatives. Among the highlights was the inspection of the new Oil Jetty No. 8 at Old Kandla, a…
On the occasion of the 10th International Day of Yoga 2024, Airports Authority of India (AAI) officials at RHQ-NER gathered at the Community Hall of RHQ-NER, near Guwahati Airport, and participated in a one-hour Yoga practice session this morning. The event was inaugurated by Gian Batra, officiating RED-NER, who addressed the gathering with a short…
