Business Insights
Hindustan Zinc Limited (HZL), India’s largest integrated zinc producer, has contributed a whopping ₹87,000 crore to the national exchequer over the past five years, including ₹18,963 crore in FY25 alone, according to its latest corporate social responsibility and financial disclosures released on Monday. The company, a subsidiary of Vedanta Ltd, plays a pivotal role in…
The lenders of Jaiprakash Associates Ltd (JAL) are scheduled to meet on July 1, 2025, to evaluate the bids received from major conglomerates including Adani Group, Vedanta Group, and Jindal Group for its stressed cement and infrastructure assets. The meeting comes amid the company’s ongoing efforts to resolve its large debt burden under the Reserve…
Reliance Power (RPower) shares have been on a strong upward trajectory over the past week, rising 13% in just 5 trading sessions, driven by a combination of debt restructuring optimism, group-level capital infusion expectations, and technical buying momentum. The stock closed at ₹31.20 on Monday, gaining nearly 3% intraday on the NSE. Key Highlights ✅…
NLC India Ltd. (NLCIL) has secured a crucial Letter of Award (LoA) from NTPC Ltd. to develop a 450 MW Inter‑State Transmission System (ISTS)‑connected wind‑solar hybrid power project—set to redefine renewable energy generation frameworks in India . The project, featuring 300 MW in Bikaner, Rajasthan, and 150 MW in Bhuj, Gujarat, will supply clean energy to NTPC for…
Reliance Industries Ltd (RIL) has officially announced the appointment of Anant Ambani, youngest son of Mukesh Ambani, as Executive Director, marking a historic milestone in the company’s succession plan. Under this role, Anant will draw an annual salary ranging from ₹10 crore to ₹20 crore, along with a profit-linked commission and other executive perks, highlighting…
In a major push to Odisha’s industrial and maritime infrastructure, Adani Group Chairman Gautam Adani met with Chief Minister Mohan Charan Majhi in Bhubaneswar on June 29, 2025, to discuss a ₹16,554 crore investment package. The high-level meeting focused on the expansion of Gopalpur Port, development of green and renewable energy projects, and the establishment…
Anil Ambani-led Reliance Power Ltd has entered the global energy arena with competitive bids for a 1,500-megawatt (MW) gas-based power project across multiple international markets. The company is actively participating in tenders floated by governments and utilities in Kuwait, the United Arab Emirates (UAE), and Malaysia, marking a strategic shift in its overseas ambitions. According…
Tata Steel has received a show cause-cum-demand notice from the Office of the Commissioner (Audit), Central Tax, Ranchi, over alleged irregularities in availing input tax credit (ITC) of ₹1,007.54 crore across FY2018–19 to FY2022–23. The notice, dated June 27 and received by the company on June 28, calls on the steel major to explain why…
In a potential shake-up of India’s energy landscape, Russian oil major Rosneft PJSC has entered early-stage discussions with Reliance Industries Ltd (RIL) to divest its 49.13% stake in Nayara Energy, a key player in India’s refining and fuel retailing sector. The move, if finalized, could significantly bolster Reliance’s refining capacity and retail footprint, positioning it…
