Indian Market

Tanla Platforms Shares

Tanla Platforms Shares Soar 10% on Anti-Scam Deal with Global Tech Giant

/ Indian Market /

Tanla Platforms saw its stock surge by over 10% after announcing a partnership with a leading global tech company to fight scams on messaging platforms. Tanla’s AI-driven anti-phishing solution, Wisely ATP, will identify fraudulent phone numbers and suspicious URLs to alert WhatsApp about potential scams. The details of the deal remain confidential, but media reports […]

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Adani Wilmar to Buy 67% Stake in Omkar Chemicals for Rs 56 Crore

Adani Wilmar to Buy 67% Stake in Omkar Chemicals for Rs 56 Crore

/ Indian Market /

Adani Wilmar Ltd, a major player in the edible oil sector, is set to acquire a 67% stake in Omkar Chemicals Industries for Rs 56 crore. Adani Wilmar, a joint venture of the Adani Group and Singapore’s Wilmar Group, is one of India’s largest FMCG companies. They offer a wide range of kitchen essentials such

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Cyient Launches New Semiconductor Subsidiary

Cyient Launches New Semiconductor Subsidiary

/ Indian Market /

Cyient Ltd on Friday said it has opened its new wholly-owned unit dedicated to the semiconductor business, targeting a strategic initiative to strengthen its hand in this segment amid global competitors. The focused initiative is on application-specific integrated circuit (ASIC) turnkey design and manufacturing and will function on a completely fabless model. Krishna Bodanapu, vice

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Data Patterns DRDO

Data Patterns Rise 6% on DRDO Project Approval; Six Other Winners Announced

/ Indian Market, Must Read /

Data Patterns (India) saw its shares surge by over 6% following the Defence Research & Development Organisation (DRDO) sanctioning a new project under the Technology Development Fund (TDF) scheme. The Chennai-based company has been tasked with developing a Radar Signal Processor. DRDO has awarded a total of seven projects focused on the aerospace and defense

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SBI Raises Rs 10,000 Crore

SBI Raises Rs 10,000 Crore at 7.36% Coupon Through 15-Year Infra Bonds

/ Indian Market, Must Read /

The State Bank of India (SBI), the country’s largest lender, has successfully raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 percent, the bank announced on Wednesday. This marks SBI’s sixth infrastructure bond issuance in recent months. The latest issue brings SBI’s total outstanding long-term bonds to Rs 59,718 crore.

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RVNL Contract

RVNL Wins ₹202.87-Crore South Eastern Railway Project

/ Indian Market, Must Read /

State-owned Rail Vikas Nigam Ltd (RVNL) has clinched a significant contract worth ₹202.87 crore from the South Eastern Railway. The project, announced on July 9, involves the design, supply, erection, testing, and commissioning of a 132 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2x25KV system along the Kharagpur-Bhadrak section of

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RPP Infra Project

RPP Infra Projects Secures ₹310 Crore in Orders, Shares Surge 11%

/ Indian Market /

Shares of RPP Infra Projects Ltd. soared by as much as 11% on Tuesday following the announcement of new order wins totalling ₹310 crore. The company received a Letter of Acceptance for the construction of a new district jail in Hapur, Uttar Pradesh, under an Engineering, Procurement, and Construction (EPC) model. This project is valued

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L&T Semiconductor Acquires SiliConch

L&T Semiconductor Acquires SiliConch for Rs 133 Crore to Strengthen Chip Design Capabilities

/ Indian Market /

L&T Semiconductor Tech, a wholly owned subsidiary of Larsen & Toubro (L&T), has announced its acquisition of SiliConch Systems, a fabless semiconductor design company. The acquisition deal is valued at Rs 133 crore upfront, with an additional deferred payment of Rs 50 crore to be made over the next four years, according to an exchange

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L&T Secures Mega Solar PV Orders in the Middle East

/ Indian Market /

Larsen and Toubro Ltd. (L&T) announced that its renewable energy arm has secured ‘mega’ orders from a leading developer in the Middle East to construct two gigawatt-scale solar PV plants with a cumulative capacity of 3.5 GW. L&T classifies ‘mega’ orders as those ranging from ₹10,000 crore to ₹15,000 crore. The project scope includes grid

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