Business

KRBL Limited, India’s largest basmati rice exporter, is diversifying its portfolio by venturing into the blended edible oil segment, aiming to generate ₹200-300 crore in revenue from the new business vertical within the next two years. This strategic move is part of the company’s efforts to reduce overdependence on rice exports and leverage its strong…

Sundaram-Clayton Limited (SCL), the flagship company of the $8.5 billion TVS Group, announced that its Chief Financial Officer (CFO) Ajay Kumar has resigned from his position. His resignation will be effective from August 31, 2025. This leadership transition comes as SCL intensifies its strategic realignment to navigate macroeconomic challenges, evolving automotive technology, and global expansion…

In a significant leadership transition at the world’s most valuable technology company, Apple has appointed Indian-origin Sabih Khan as its new Chief Operating Officer (COO). The announcement came as Apple continues to deepen its operational resilience, manufacturing diversification, and sustainability goals under CEO Tim Cook’s strategic vision. Who Is Sabih Khan? Sabih Khan, born in…

In a significant boost to its thermal power portfolio, Adani Power Ltd (APL) has successfully acquired the 600-megawatt Vidarbha Industries Power Ltd (VIPL) thermal power plant in Maharashtra for an estimated Rs 4,000 crore. The acquisition, executed through a resolution plan approved by the National Company Law Tribunal (NCLT), strengthens Adani Power’s operational footprint in…

Mumbai, July 7, 2025:In a major strategic move aimed at consolidating its thermal power portfolio, Adani Power Ltd. (APL) has acquired a coal-fired power plant in Vidarbha, Maharashtra, for Rs 4,000 crore. The acquisition marks another milestone in Adani Power’s aggressive expansion strategy in the Indian energy sector. The deal, finalised earlier this week, involves…

Kolkata, July 7, 2025:Leading battery and energy storage solutions major Exide Industries Ltd has filed its quarterly share dematerialization compliance certificate with the exchanges for Q1 FY26, reaffirming its commitment to regulatory adherence and transparency towards shareholders. What is the compliance certificate? Under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, listed companies must…

In a significant boost to its port infrastructure portfolio, JSW Infrastructure has received a Letter of Award (LoA) from the Syama Prasad Mookerjee Port Trust (SMP Kolkata) to develop and operate two container berths at Netaji Subhas Dock in Kolkata. The project, envisaged under the public-private partnership (PPP) model, is set to involve an investment…

New Delhi, July 7, 2025: Shakti Pumps (India) Ltd has successfully raised Rs 292 crore through a Qualified Institutional Placement (QIP), marking a significant milestone in its growth journey. The fund infusion will primarily be utilised to bolster the company’s manufacturing capacity, invest in clean energy solutions, and pare debt. Details of the QIP The…

In a strategic step aimed at enhancing its financial flexibility and operational revival, PC Jeweller Ltd (PCJ) has announced its decision to raise funds through a preferential allotment route. This move comes at a crucial time for the Delhi-based jewellery retailer, which has faced prolonged financial stress due to mounting debts, muted sales, and regulatory…

In a landmark development for India’s mutual fund sector, Jio BlackRock Mutual Fund has raised a massive Rs 17,800 crore through its maiden New Fund Offer (NFO), making it one of the largest fund launches in Indian asset management history. This milestone underscores the immense investor trust in the strategic partnership between Reliance Industries’ Jio…