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Gensol Engineering to Establish India’s First Green Hydrogen Valley Project in Pune

Gensol Engineering to Establish India’s First Green Hydrogen Valley Project in Pune

/ Indian Market

Renewable energy firm Gensol Engineering and hydrogen infrastructure developer Matrix Gas are set to launch India’s first Green Hydrogen Valley project in Pune, Maharashtra. The project will be built on a Build Own and Operate (BOO) model and will supply green hydrogen to the specialty chemical sector for 20 years. In a stock exchange filing […]

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IREDA Stock Rises as Subsidiary Secures Provisional Finance Firm Registration in GIFT City

IREDA Stock Rises as Subsidiary Secures Provisional Finance Firm Registration in GIFT City

/ Indian Market

Shares of IREDA are set to continue their rally on September 11 after the company announced that its wholly-owned subsidiary, IREDA Global Green Energy Finance IFSC Ltd, has received provisional registration as a finance company from the International Financial Services Centre Authority (IFSCA) at GIFT City in Gujarat. This registration enables IREDA to expand its

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Lockheed Martin Partners with Tata to Manufacture C-130J Super Hercules Aircraft in India

Lockheed Martin Partners with Tata to Manufacture C-130J Super Hercules Aircraft in India

/ Indian Market

On September 10, US defense giant Lockheed Martin announced an expanded partnership with Tata Advanced Systems Ltd (TASL) to advance the C-130J Super Hercules tactical airlifter project in India. The announcement follows recent discussions between Indian Defence Minister Rajnath Singh and the US to strengthen defense collaborations. The agreement outlines a framework for future business

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Tata Power Stock Surges 6% as Subsidiary Begins Solar Cell Production in Tamil Nadu

Tata Power Stock Surges 6% as Subsidiary Begins Solar Cell Production in Tamil Nadu

/ Indian Market

Shares of Tata Power jumped by as much as 6% on September 10 after the company announced that its subsidiary, TP Solar, has begun commercial production of solar cells at India’s largest single-location solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. This move is a significant step toward boosting domestic manufacturing of solar

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India Overtakes China as Top Weight in MSCI EM Index for the First Time

India Overtakes China as Top Weight in MSCI EM Index for the First Time

/ Indian Market

For the first time, India has surpassed China to become the top-weighted nation in the MSCI Emerging Market (EM) Investable Market Index (IMI). Indian equities now carry a weight of 22.27% in the index, edging out Chinese stocks, whose weighting has fallen to 21.58%. Despite China’s market capitalisation of $8.14 trillion being over 60% larger than

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HG Infra Gains Focus with Rs 781 Crore Contract to Upgrade NH 47 in Gujarat

HG Infra Gains Focus with Rs 781 Crore Contract to Upgrade NH 47 in Gujarat

/ Indian Market

Shares of HG Infra Engineering are poised to attract attention on September 10 following the company’s recent contract win valued at Rs 781 crore from the Ministry of Road Transport & Highways (MoRTH). The contract involves the upgrade of a 10.63 km stretch of National Highway 47 (NH-47) in Gujarat, specifically from Narol to Sarkhej

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Sona BLW Raises Rs 2,400 Crore via QIP; SBI Mutual Fund Invests Rs 600 Crore

Sona BLW Raises Rs 2,400 Crore via QIP; SBI Mutual Fund Invests Rs 600 Crore

/ Indian Market

Automotive components manufacturer Sona BLW Precision Forgings Ltd successfully raised Rs 2,400 crore through a Qualified Institutional Placement (QIP) of equity shares, as per a stock exchange filing made on September 9. The QIP saw strong participation from major institutional investors, with SBI Mutual Fund emerging as the largest buyer, acquiring 25% of the shares

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Government Inks Rs 26,000 Crore Contract with HAL for 240 Engines for Su-30MKI Fighter Jets

Government Inks Rs 26,000 Crore Contract with HAL for 240 Engines for Su-30MKI Fighter Jets

/ Indian Market

In a significant boost to India’s defense capabilities, the Ministry of Defence (MoD) on September 9 signed a Rs 26,000 crore contract with Hindustan Aeronautics Limited (HAL) for the supply of 240 AL-31FP aero engines for the Su-30MKI fighter jets. The contract marks a crucial step in ensuring the long-term operational capability of the Indian

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GMR Airports to Acquire 10% Stake in Delhi Airport for $126 Million

GMR Airports to Acquire 10% Stake in Delhi Airport for $126 Million

/ Indian Market

GMR Airports Infrastructure Ltd announced on 9 September that it has entered a major acquisition to buy a 10% stake in Delhi International Airport Limited from Fraport AG Frankfurt Airport Services Worldwide for a consideration of $126 mn. Inked through a Share Purchase Agreement between GMR Airports and the German-based Fraport AG, who has been

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Ather Energy Files for Rs 3,100 Crore IPO, Including Fresh Issue

Ather Energy Files for Rs 3,100 Crore IPO, Including Fresh Issue

/ Indian Market

Electric two-wheeler manufacturer Ather Energy has filed for an Initial Public Offering (IPO), including a fresh issue of shares worth Rs 3,100 crore, according to a draft red herring prospectus submitted on September 9. The IPO also includes an offer for sale (OFS) of up to 22 million shares by investors and promoters. Founders Tarun

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