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Welspun Corp bags 2 orders for supply of coated HSAW pipes in US

Welspun Corp on Monday announced that it has received two large orders in the USA, cumulatively valued at approximately Rs 1300 crore. In a regulatory filing, the company said that the order is for the supply of coated HSAW Pipes for Natural Gas Pipeline Projects. The order, it said, would be executed in FY26.  Also

Adani Ports records 37.9 MMT cargo volume in October, says on track to achieve guided yearly volume

Adani Ports And Special Economic Zone Ltd (APSEZ) on Monday announced that it had handled a total of 37.9 MMT cargo in October 2024, keeping the company in the glide path for the guided yearly volume.  On a year-to-date (YTD) basis, Adani Ports handled 257.7 MMT of total cargo, recording a growth of 8 per

Q2 Result 2024 Live Updates: IRCTC, Exide Industries, Gland Pharma, Bata India, Raymond, P&G Health, others releasing Q2 results today

Go to Live UpdatesQ2 Earnings 2024 Live Updates: While the major companies across sectors and all of the IT services giants have already released their Q2 results, the quarter earnings season is now in full swing. Firms like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bharti Airtel, HUL, ITC, Marico

Small packs are giving a big headache to FMCG firms

Weighed down by higher input costs and food inflation, fast-moving consumer goods (FMCG) companies are reviewing their entry price points of Rs 5 and Rs 10. Those who don’t want to vacate the low-priced packs segment are considering a grammage reduction due to rise in prices of commodity inputs such as palm oil, coffee and

IT, ER&D firms hit by auto sector downturn in Europe

The downturn in the European automotive sector has cast a shadow over the auto engineering business for leading Indian software service providers and engineering, research and development (ER&D) firms in the first half of FY25. Key IT services players like Tata Consultancy Services (TCS), Infosys and HCLTech posted weaker demand from their automotive clients, driven

‘We’re careful about margins, returns while charting growth plans’

Tata Power recently commenced production of solar cell at the country’s largest single location 4.3 GW solar cell and module manufacturing plant in Tamil Nadu. Currently, the plant has operational capacity of 2 GW and remaining capacity is expected to be added soon. Tata Power’s managing director and chief operating officer Praveer Sinha tells Raghavendra Kamath about

India gains global market share in select products

India has increased its share of global trade of key manufactured products like petroleum, gems and jewellery, insecticides, tyres and even semiconductors between 2018 and 2023 on the back of rising competitiveness, according to an analysis by the Ministry of Commerce and Industry. By 2023 India has become the second largest exporter of petroleum products

Two years of 5G: Adani fails to roll out captive networks

It’s been two years since the launch of 5G services, but Adani Data Networks is still struggling to roll out captive networks in the absence of use cases. While the company has paid the spectrum dues to the department of telecommunications (DoT) along with penalties for not meeting the minimum spectrum rollout obligation, sources said
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Adani Green Energy incorporates new subsidiary for renewable energy

Adani Green Energy on Saturday incorporated a new wholly owned subsidiary — Adani Green Energy Sixty Eight Limited. The authorised capital and paid-up capital of AGE68L is kept at Rs 1,00,000.  Adani Renewable Energy Holding Nine Limited, a wholly-owned subsidiary of the company, has incorporated a wholly-owned subsidiary, namely, Adani Green Energy Sixty Eight Limited

The quick and the rest: Five trends that will transform India’s retail ecosystem

By Amit Gupta The world’s fastest-growing economy is clearly in a hurry. The convergence of demand and digital infrastructure has come at the right time, satiating the appetites of millions and driving consumption to unprecedented levels. One unmissable sign of this trend is the rise of quick or ‘instant’ commerce.  India’s tryst with quick commerce

PM Jan Dhan Yojana: Overdraft facility of Rs 10000, accident insurance up to … | Check other hidden benefits of PMJDY

Pradhan Mantri Jan Dhan Yojana: The government has shared lesser-known benefits of PM Jan Dhan Yojana (PMJDY) scheme for its subscribers. The PMJDY is a scheme that provides a basic bank account to every unbanked adult in India. The finance ministry recently addressed a series of queries raised by a Member of Parliament in the

Vodafone Group repays Rs 11,650 crore debt, pledge on Vodafone Idea shares released

Vodafone Group has successfully cleared a debt of approximately Rs 11,650 crore raised against shares of Vodafone Idea, according to a recent regulatory filing.  The UK-based telecom giant had previously pledged almost its entire stake in Vodafone Idea to secure this loan.The pledge was made in favor of HSBC Corporate Trustee Company (UK) for the

Venture Capital activity surges in 2024- 22% more deals, 14% jump in funding value

Venture capital (VC) investments in India have surged in 2024, reaching $16.77 billion across 888 deals from January to November, according to the India Brand Equity Foundation (IBEF). This represents a 14.1 per cent increase in funding value and a 21.8 per cent rise in deal volume compared to the same period in 2023. The