In the initial three weeks of September, Indian equities saw a withdrawal of more than Rs 10,000 crore by Foreign Portfolio Investors (FPIs), primarily influenced by increasing US interest rates, concerns about a potential recession, and the perception of overvaluation in domestic stocks. Back-to-back six months of buying have come to a halt as FPIs …
In a groundbreaking move, the Telecom Regulatory Authority of India (TRAI) released a Consultation Paper on September 22, 2023, titled ‘Encouraging R&D in Telecom, Broadcasting, and IT (ICT) Sectors.’ This momentous initiative aims to pave the way for a robust ecosystem that nurtures Research and Development (R&D) in India’s ICT sector. It envisions a landscape …
In the grand theater of global finance, India is emerging as the golden chidya, the shining star that commands attention from the world’s financial titans. Rakesh Jhunjhunwala, often referred to as the “Big Bull of Dalal Street,” had once prophetically declared, “India ka time aa gaya hai ” during a conclave appearance. Now, as we …
On Thursday, the shares of Tech Mahindra closed at Rs 1292.85, up by 1.46% from its previous closing of Rs 1274.20 on the BSE. Tech Mahindra has inaugurated a local innovation centre in Espoo, Finland. This expansion comes after a sustained period of growth in the region and signifies Tech Mahindra’s commitment to further its …
Lloyds Metals and Energy Limited (LMEL) has achieved a significant milestone in the Gadchiroli District of Maharashtra, where they successfully installed and commenced operations at a Direct Reduced Iron (DRI) manufacturing facility with a rated capacity of 70,000 Tons Per Annum (TPA) using a 4MW Waste Heat Recovery Boiler (WHRB)-based power plant. Remarkably, the company …
Bank of Maharashtra (BoM) has entered into a significant Memorandum of Understanding (MoU) with the Indian Renewable Energy Development Agency (IREDA). This collaboration aims to promote and facilitate co-lending and loan syndication for a wide range of Renewable Energy projects throughout the country. The MoU encompasses various services, including providing co-lending and co-origination support for …
Tomas Cook (India) Limited offers a broad range of services including Foreign Exchange, and has made a significant announcement by the company today. As detailed in the official report, Thomas Cook India introduced Forex services through WhatsApp, becoming the pioneer in India to provide comprehensive Foreign Exchange Services through this widely used platform, ensuring customers …
TVS Motor Company has announced India’s first-ever electric two-wheeler racing championship, in collaboration with TVS Racing. This pioneering initiative is a significant step forward for motorsports in India and reaffirms TVS Motor Company’s commitment to sustainable mobility. It is the first Indian manufacturer to foray into the world of EV moto racing. The championship will …
In a dazzling maritime spectacle, the formidable Indian Naval Ships Ranvijay and Kavaratti, accompanied by the stealthy submarine INS Sindhukesari, have made a grand entrance into the vibrant city-state of Singapore. Their mission? To engage in the thrilling 30th edition of the Singapore-India Maritime Bilateral Exercise, affectionately known as SIMBEX. This annual naval extravaganza is …
Droneacharya Aerial Innovations Limited, a prominent drone-related solution provider company that provides a high-end ecosystem, has made a significant announcement regarding the franchise deal signed by the company. As detailed in the official report, Droneacharya recently entered into a franchise agreement with Wollstone Capital SA, a Switzerland-based private investment holding company. The primary objective of …
