Supreme Power Equipment bags ₹128 crore orders; order book nears ₹580 crore
Supreme Power Equipment Ltd has announced that it has secured fresh orders worth ₹128 crore,…
Supreme Power Equipment bags ₹128 crore orders; order book nears ₹580 crore
Supreme Power Equipment Ltd has announced that it has secured fresh orders worth ₹128 crore, pushing its total order book close to ₹580 crore. The new contracts highlight the company’s growing presence in the power equipment sector, driven by demand for transformers, substations, and allied infrastructure solutions. Key Highlights Comparative Performance Metric Current Status Previous…
Google to invest $10 billion in Anthropic, may add $30 billion more
Google has announced plans to invest $10 billion in Anthropic, the artificial intelligence research company, with the possibility of adding another $30 billion in the future. This move signals Google’s aggressive push to strengthen its position in the AI sector, competing with rivals like OpenAI and Microsoft-backed initiatives. Key Highlights Why Google is Betting Big…
India must boost R&D, design-led MFG to lead in telecom: Minister
India’s telecom sector must shift its focus toward research and development (R&D) and design-led manufacturing (MFG) to establish global leadership, according to the Union Minister. The statement comes at a time when the country is aiming to reduce dependency on imports, strengthen indigenous capabilities, and position itself as a hub for next-generation telecom technologies. Minister’s…
Vedanta Q4 PAT seen up 67.2% YoY to Rs 8,292.2 cr: ICICI Securities
Vedanta Ltd is expected to report a 67.2% year-on-year (YoY) surge in profit after tax (PAT) for the fourth quarter, reaching Rs 8,292.2 crore, according to estimates by ICICI Securities. The strong performance is attributed to higher commodity prices, improved operational efficiencies, and cost optimization measures across its diversified portfolio. Key Highlights of Q4 Performance…
Government announces Rs 5K cr incentive for states to expedite mining blocks’ auction, operationalisation
The central government has unveiled a Rs 5,000 crore incentive package aimed at encouraging states to accelerate the auction and operationalisation of mining blocks. This move is part of a broader strategy to boost domestic mineral production, reduce import dependency, and strengthen India’s resource security. Details of the Incentive The incentive will be distributed among…
Nikhil Kamath says wealth is piling up in the wrong places. Here’s why he’s worried
Zerodha co-founder and investor Nikhil Kamath has raised concerns about global wealth distribution, warning that capital is increasingly “piling up in the wrong places.” His remarks highlight the growing imbalance between financial markets, technology-driven wealth creation, and the lack of equitable distribution across societies. Kamath’s perspective underscores the risks of unchecked concentration of wealth and…
‘The damage is done’: Why the IEA chief believes the global oil market will never return to normal
The head of the International Energy Agency (IEA) has declared that “the damage is done” to the global oil market, warning that it will never return to the stability once seen before recent geopolitical shocks, climate pressures, and structural changes in energy demand. His remarks underscore the irreversible shifts in global energy dynamics, where oil…
Tech investor Lachy Groom in talks to back Pronto; valuation set to double at $200 million
Tech investor Lachy Groom, known for his early bets on high-growth startups, is reportedly in advanced talks to back Pronto, a fast-rising technology company. Sources close to the matter suggest that Pronto’s valuation is expected to double, reaching $200 million, if Groom’s investment materializes. The move underscores Groom’s reputation for identifying promising ventures and signals…
M2P Fintech Appoints Vivek Seshadri as Group CFO, Eyes Public Market Entry
M2P Fintech, one of India’s leading fintech infrastructure providers, has announced the appointment of Vivek Seshadri as its Group Chief Financial Officer (CFO). The move comes at a crucial time as the company prepares for its next phase of growth and sets its sights on entering public markets through an Initial Public Offering (IPO). Strategic…
PwC Fined $166 Million by Hong Kong Regulators Over Evergrande Audit Failures
Hong Kong regulators have imposed a massive fine of $166 million on PricewaterhouseCoopers (PwC) for its audit failures related to China Evergrande Group, the embattled property developer that has been at the center of one of the largest corporate crises in Asia. The penalty marks one of the most significant enforcement actions in the region’s…
