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Exide Industries infuses Rs 100 crore in Exide Energy Solutions

Exide Industries on Tuesday announced that it has invested around Rs 100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL) by way of subscription in the equity share capital on rights basis. With this, the total investment, as on date, made by the company in EESL now stands at Rs 3152.24 crore

Reliance NU Suntech wins SECI contract for 930 MW solar and 465 MW battery storage project

Reliance NU Suntech, a subsidiary of Reliance Power, has been awarded a major contract by the Solar Energy Corporation of India (SECI) for a solar and battery energy storage system (BESS) project. The project is for its 930 MW solar project, along with a 465 MW/1860 MWh BESS component. The contract was secured through a

Emerging trends to redefine 2025 outlook in tech hiring space

– By Sarbojit Mallick Despite global challenges and uncertainties at workplaces, the Indian tech hiring industry is showcasing resilience in the upcoming year. Many companies have already picked up the pace as prominent tech institutions open doors to first-time recruiters, apart from legacy companies like Microsoft, Oracle, Google and others. According to Nasscom, campus hiring

Cementing key position: Adani-owned Ambuja Cements announces merger of Sanghi Industries, Penna Cement with itself

Adani Group-owned Ambuja Cements on Tuesday announced the merger of its subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL) with itself. In a regulatory filing, the company said that it has entered into a scheme of arrangement with the two aforementioned companies and the proposed schemes inter ia provide for the amalgamation

Gold jewellery industry to post 14-18% growth in FY25; one-time impact due to customs duty cut to contract margins by 50-70 bps

The domestic gold jewellery consumption (in value terms) is expected to continue its momentum in the current fiscal with an estimated growth of 14-18 per cent YoY, stated a report by ICRA. This follows the sharp growth of around 18 per cent in FY2024, which was primarily driven by realisations even as volume growth was

US-China Trade Faceoff: Can Trump’s Tariffs Be India’s ‘Trump Card’ in Global Supply Chains?

The US-China trade war, triggered by Donald Trump’s tariffs on Chinese goods, has reshaped the global trade landscape. While these tariffs aimed at curbing China’s economic dominance, they have inadvertently opened up opportunities for other nations, particularly India, to step into the void and strengthen their roles in global supply chains. India’s Strategic Advantage As

Andhra Pradesh’s Adani solar contract under scanner: Adani deal under bribery scrutiny was approved against officials’ advice

The approach from the Solar Energy Corporation of India (SECI) on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India’s largest renewables contract. Two years earlier, Andhra Pradesh’s energy regulator had said

ITC announces January 1, 2025 as effective date for demerger of its hotel business

ITC Ltd on Tuesday announced that the company has fixed January 1, 2025 as the effective date for demerger of its hotel business after receiving an order from the National Company Law Tribunal (NCLT). In a regulatory filing, the company informed that it has received an order from NCLT sanctioning the agreement.  Earlier in October
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BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

Upcoming Dividend, Bonus, Stock Split: From PFC to IRFC, A look at key corporate action this week

For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power

Upcoming IPOs: 1 mainboard, 3 SME issues open for subscription this week, 2 new listings to hit the market

The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market