The Burman Group announced on February 20 that it has taken control of Religare Enterprises Limited (REL) and has been officially designated as its promoter. The Burman Group emphasised that its immediate priority is to ensure stability, enhance governance, and drive sustainable growth within the company. “Governance, trust, and integrity will remain at the core
Bharat Electronics (BEL) on Thursday announced that it has signed a contract with the Ministry of Defence for supply of Software Defined Radios (SDR) and Data Communication Terminals (DCT) for Indian Coast Guard. The order is valued at Rs 1034 crore (excluding taxes), it said in a regulatory filing. BEL elaborated, “The state of the
The Adani Group stocks are seeing steady upmove on some positive news flow about the company. As per the recent data shared by the company, its portfolio Trailing-twelve-month (TTM) EBITDA is up 10.1% YoY to Rs 86,789 crore. According to the statement from the Adani Group, the highlights of the Q3FY25 performance included that the
The proposed 25% US tariff on semiconductors is expected to have significant implications for the semiconductor industry globally. The India Electronics and Semiconductor Association ( IESA), which is spearheading India’s semiconductor and electronics manufacturing industry growth, sees limited impact for India at the moment but says the move could put a big strain on US-
As Moscow and Washington discuss how to end the war in Ukraine, one of the many questions on investors’ minds is whether the corporate exodus from Russia in opposition to the February 2022 invasion of its neighbour may be reversed. As long as broad Western sanctions on Russia remain in place, that looks unlikely, but
Mumbai-based Mahindra Group and US-based Anduril Industries on Wednesday announced a strategic partnership aimed at co-developing and co-producing autonomous maritime systems, advanced artificial intelligence-enabled counter unmanned aerial system (CUAS) technologies and command and control (C2) software. The collaboration seeks to strengthen regional security by deploying next-generation autonomous solutions and enhancing capabilities for maritime operations. The
Media company Prime Focus this week announced that one of its units, Brahma, would acquire London-based AI content firm Metaphysic in a deal valued at $1.43 billion. Brahma is part of DNEG, a visual effects and animation firm, which was acquired by Prime Focus in 2014. In a conversation with Viveat Susan Pinto, Prime Focus
Tata Communications, through its partnership with artificial intelligence solutions developer CoRover.ai, will build on the proposition of Sovereign AI to expand its B2B digital solutions business. The partnership will use Tata Communications’ Sovereign Cloud and digital infrastructure and CoRover.ai’s conversational AI and generative AI solutions for government departments and enterprises across different functions. Sovereign AI
The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has recommended a 12% provisional safeguard duty on some steel products to protect the local industry from below-cost imports. A final decision will be taken by the finance ministry. In a notification, the DGTR said critical circumstances exist wherein any delay in application for
Tata Consulting Engineers, the country’s largest private sector engineering and project consultancy firm, is growing at a robust 24-25% y-o-y, focusing on sectors like energy, transportation and others. Amit Sharma, MD and CEO, talks to Raghavendra Kamath about the future of nuclear energy and the company’s growth strategy. Edited excerpts: After the government push for private
Market participants keenly watch brokerage upgrades or downgrades, which often signal changing market dynamics. Stocks are also quick to react to brokers’ reports, and if the report is optimistic, it acts as a booster shot for the company. As such, two PSU stocks, Rural Electrification Corporation (REC) and Power Finance Corporation (PFC), have been upgraded
The Nifty50 index has shown encouraging signs of reversal this week. Starting with an Open=Low of 22,353, the index is now marching toward 23,000, bringing renewed optimism to Dalal Street. The positive movement has set the tone for traders, and the growing momentum suggests a potential shift in market sentiment. This upbeat movement comes amidst
Following a surge in demand for gold loans, Muthoot Finance has raised its assets under management (AUM) growth guidance for the fiscal to 40%, from 25-30% earlier. Last week, the country’s largest gold loan lender said its gold loan AUM had crossed Rs 1 lakh crore. As of the December quarter, gold loan AUM stood
