India’s industrial sector showed signs of slowing momentum as the Index of Industrial Production (IIP) growth fell sharply to just 1.2% in May 2025, marking its weakest performance since August 2024. The latest data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday reflects broad-based deceleration in manufacturing and electricity output, raising…
In a positive development reflecting improved government finances, India’s fiscal deficit for the first two months of FY26 (April-May 2025) stood at Rs 13,163 crore, amounting to only 0.8% of the full-year budget estimate. This marks a significant narrowing compared to the same period last year, driven by higher revenue collections and disciplined expenditure management….
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…
Legendary investor Warren Buffett, chairman and CEO of Berkshire Hathaway, has once again made headlines worldwide by unveiling key details of his will while continuing his monumental commitment to philanthropy. At the age of 94, Buffett has donated another $6 billion worth of Berkshire Hathaway shares this week, pushing his total lifetime giving to over…
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…
Pavan Industries Ltd, a prominent player in India’s automotive components sector, has announced that its Board of Directors will meet on July 2, 2025, to deliberate a stock split proposal and potential changes in the company’s authorized share capital. The move is aimed at enhancing stock liquidity, improving affordability for retail investors, and aligning the…
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…
