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
In a bid to make the settlement of provident fund claims easier for members, the Employees’ Provident Fund Organisation (EPFO) has introduced major changes to the withdrawal process. No need to upload image of cheque leaf The first change announced by the EPFO is removing the requirement to upload an image of a check leaf
The global carnage has had its impact in India too. The Sensex and the Nifty are both down 1% each and the broader market see further damage. The BSE Smallcap Index is down nearly 3% and the BSE Midcap Index is down 2%. The big Index losers include metal stocks, pharma and IT. ONGC, Vedanta
The bears are resurfacing across the smallcap universe after the US markets saw the biggest decline in five years since 2020. The BSE Smallcap index cracked 1,578 points, or 3.3%, to hit a low of 45,916.24 level. The index is 20.5% below its recent all-time high of 57,827.69 and it’s just 10% away from its
Rupee appreciated 34 paise to 84.96 against the US dollar in early trade on Friday, as the greenback’s broad-based weakness following the impact of Trump’s tariffs offered relief to emerging market currencies, including the rupee. The key catalysts for the rupee’s rebound include the fall in crude oil prices and the weakness of the American
Mallika Srinivasan can be described in many ways: India’s `tractor queen’ making an indelible impression in a heavily male-dominated industry; a thought leader; a strategist as well as a well-known philanthropist with an abiding interest in ensuring development of agriculture, education, and healthcare in India. As chairman and managing director of Tractors and Farm Equipment
