The Supreme Court of India has directed the Assam Human Rights Commission (AHRC) to conduct an independent and time-bound investigation into 171 alleged fake encounters carried out by the Assam Police between May 2021 and August 2022. A bench comprising Justices Surya Kant and N Kotiswar Singh emphasized the need for fairness and impartiality, stating…
In a rare and extraordinary gesture, the Sierra Leone Parliament observed a moment of silence on Thursday to honor the victims of the Pahalgam terror attack, which claimed 26 lives on April 22. The solemn tribute took place in the presence of an Indian all-party delegation, led by Shiv Sena MP Shrikant Eknath Shinde, who…
Congress leader Rahul Gandhi has written to Prime Minister Narendra Modi, demanding a concrete and generous relief package for the residents of Poonch and other areas affected by Pakistani shelling earlier this month. During his recent visit to Poonch, Gandhi witnessed firsthand the widespread destruction, where 14 people, including four children, lost their lives, and…
In a crucial development, the Supreme Court of India has admitted appeals filed by the promoters of Byju’s, challenging the ongoing insolvency proceedings against the edtech giant. The apex court has scheduled the next hearing for July 21, 2025, where it will consider interim relief sought by the petitioners. Background of the Case The insolvency…
India’s luxury real estate market has hit a new milestone, with Leena Gandhi Tewari, Chairperson of USV Pvt Ltd, purchasing two ultra-luxurious sea-facing duplex apartments in Mumbai’s Worli for a staggering ₹639 crore. The transaction, including stamp duty and GST, brings the total deal value to ₹703 crore, making it India’s most expensive residential property…
Saarathi Finance, a newly licensed non-banking financial company (NBFC) focused on empowering micro, small, and medium enterprises (MSMEs), has successfully raised ₹475 crore in its Series A funding round. The capital infusion aims to bridge the credit gap for underserved businesses, particularly in semi-urban and rural regions across Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Rajasthan,…
Vedanta Ltd witnessed a 2.37% surge in its stock price, reaching an intraday high of ₹457.25, after the National Company Law Appellate Tribunal (NCLAT) granted interim relief for its demerger plan. The ruling temporarily stays the National Company Law Tribunal (NCLT) order, which had earlier rejected Vedanta’s restructuring proposal. Key Developments in the Case Stock…
The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, in collaboration with the Securities and Exchange Board of India (SEBI), has launched ‘Niveshak Shivir’, a pilot initiative aimed at helping investors reclaim unclaimed dividends and shares. The first camp is scheduled to take place on June 1, 2025, in Pune….
Adar Poonawalla, Chairman of Poonawalla Fincorp, has announced plans to raise $1 billion by the end of 2025 to expand the company’s non-banking financial operations. The capital infusion is expected to support aggressive growth in digital lending, personal loans, and SME finance, reinforcing Poonawalla Fincorp’s position in India’s evolving credit market. Strategic Expansion & Capital…
Welspun Corp Ltd (WCL) has reported a remarkable 143% year-on-year surge in consolidated net profit, reaching ₹699.19 crore in the fourth quarter of FY25. The sharp increase was driven by cost optimization measures and operational efficiencies, despite a slight decline in revenue. Financial Performance & Key Highlights Robust Order Book & Expansion Plans Welspun Corp’s…
Engineers India Limited (EIL) has reported a record-breaking order inflow of ₹8,214 crore in FY25, marking a significant leap from the ₹3,405 crore secured in the previous fiscal. The company is now actively diversifying beyond its core oil & gas business, with a strong focus on power, renewables, nuclear, and mining. Sectoral Growth & Strategic…
Shyamal Mukherjee, former chairman of PricewaterhouseCoopers (PwC) India, has approached the Supreme Court in a legal battle against the firm over retirement settlement benefits. Mukherjee, who retired in 2021 after a 37-year tenure, alleges that PwC failed to honor the agreed financial terms of his exit package. Legal Dispute & Arbitration Battle Mukherjee initially sought…
In a significant development, former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch has been exonerated by the Lokpal of India in the high-profile Hindenburg case. The anti-corruption ombudsman dismissed all allegations against Buch, citing a lack of verifiable evidence and calling the complaints “untenable, unsubstantiated, and bordering on frivolity”. Background of…
Leading stock brokerage firm Zerodha is set to invest up to ₹125 crore in its non-banking financial company (NBFC) arm, Zerodha Capital, as part of its expansion strategy. The move comes as the company’s loan book surpasses ₹400 crore, reflecting strong growth in its secured lending business. Strategic Investment & Growth Plans Zerodha Capital, which…
Engineers India Ltd (EIL), a leading public sector undertaking (PSU) in engineering consultancy and EPC services, has reported impressive financial results for the fourth quarter of FY25. The company witnessed a 25% year-on-year revenue growth, coupled with a significant expansion in profit margins, driving a surge in its stock price. Financial Performance Highlights EIL’s revenue…
Brainbees Solutions, the parent company of FirstCry, reported a consolidated net loss of ₹111 crore in Q4 FY25, widening from ₹43 crore in Q4 FY24, despite a 16% increase in revenue to ₹1,930 crore. Key Financial Highlights: Growth Drivers & Market Challenges Despite strong revenue growth, Brainbees Solutions faced higher operational expenses, contributing to the…
Reliance General Insurance, now under IndusInd International Holdings Ltd (IIHL), has reported a 12.5% increase in net profit, reaching ₹315 crore for FY25, marking a strong recovery after nearly three years under insolvency proceedings. Key Financial Highlights: Strategic Growth Under IIHL IIHL, backed by the Hinduja Group, acquired Reliance Capital via the insolvency process in…
Tata Motors Ltd. is under the spotlight after US President Donald Trump postponed the 50% tariff on European Union (EU) imports until July 9, providing short-term relief for its Jaguar Land Rover (JLR) unit. Key Developments & Market Impact JLR’s Response & Business Strategy Future Outlook & Investor Sentiment Tata Motors will share its FY26…
GMR Airports Ltd. is poised for a potential price surge to ₹100, following a strong Q4 performance and an optimistic FY26 outlook, according to Jefferies. Key Financial Highlights & Growth Drivers Jefferies’ Revised Price Target & Market Sentiment Jefferies has raised its price target for GMR Airports from ₹92 to ₹100, implying a 15% upside…
The Securities and Exchange Board of India (SEBI) has levied a ₹25 lakh penalty on Multi Commodity Exchange (MCX) for non-compliance with disclosure norms, citing incomplete and delayed regulatory filings. Key Regulatory Findings: Market Reaction & Compliance Measures MCX has assured stakeholders that it is strengthening its compliance framework to prevent future lapses. Analysts believe…
JSW Steel Ltd. reported Q4 FY25 earnings that were broadly in line with expectations, according to Morgan Stanley, but concerns over its Bhushan Power & Steel Ltd (BPSL) acquisition continue to weigh on investor sentiment. Key Financial Highlights: Morgan Stanley’s Analysis & BPSL Overhang Morgan Stanley maintained its ‘equal-weight’ rating on JSW Steel, noting that…
The National Highways Authority of India (NHAI) has successfully reduced its debt burden by 27%, bringing total liabilities down to ₹2.44 trillion in FY25, compared to ₹3.35 trillion in FY24. This significant reduction was achieved through aggressive asset monetization, a freeze on fresh borrowings, and substantial loan prepayments. Key Debt Reduction Strategies: Infrastructure Growth &…
Reliance Industries Ltd (RIL) witnessed a ₹40,800 crore decline in market capitalization, emerging as the biggest loser among India’s top 10 most valued companies amid broader stock market weakness. Key Market Movements: Market Sentiment & Investor Outlook The decline in Reliance Industries’ valuation aligns with global uncertainties and profit-booking trends. Meanwhile, Bharti Airtel’s strong performance…
BEML Ltd., a leading public sector enterprise under the Ministry of Defence, witnessed a sharp 18% surge in its share price, hitting an intraday high of ₹4,380.25. The rally comes after the company reported robust Q4 FY25 earnings, with net profit rising 12% YoY to ₹288 crore and revenue climbing 9% to ₹1,652.53 crore. Key…
K.M. Mammen Mappillai, the visionary behind MRF Tyres, transformed a humble balloon-selling business into India’s largest tyre manufacturer, now valued at ₹59,334 crore. His entrepreneurial journey, marked by resilience and ambition, continues to inspire business leaders across India. The Rise of MRF: From Balloons to Tyres Mappillai’s story began in Madras (now Chennai), where he…
SpiceJet Ltd. witnessed a 4% surge in its share price after the Delhi High Court Division Bench dismissed a ₹1,300 crore damages claim filed by KAL Airways and Kalanithi Maran. Key Legal Ruling & Market Impact The court rejected the appeal, reinforcing previous rulings by the Arbitral Tribunal and a Single-Judge Bench, which had already…
Hindalco Industries, the flagship metals company of the Aditya Birla Group, has announced a capital expenditure (capex) target of ₹7,500–₹8,000 crore for FY25, marking a significant increase from ₹6,500 crore in FY24. Key Financial Highlights: Strategic Expansion & Industry Leadership Hindalco’s capex strategy focuses on upstream projects, including bauxite mining, alumina refining, aluminium smelting, and…
Life Insurance Corporation of India (LIC) has raised its stake in Nestlé India to 5.001%, acquiring an additional 1,49,000 shares through market purchases. Key Transaction Details: Strategic Implications & Market Reaction LIC’s increased stake reflects strong institutional confidence in Nestlé India, a leading FMCG player known for brands like Maggi, Nescafé, and Cerelac. Despite a…
Groww, India’s fastest-growing retail broking platform, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming to raise $700 million to $1 billion through an initial public offering (IPO). Key IPO Details: Strategic Growth & Market Positioning Groww has rapidly expanded its market share, growing from 23.28%…
Infibeam Avenues, a leading B2B payments and e-commerce solutions provider, has reported a 20% year-on-year (YoY) increase in net profit, reaching ₹55 crore in Q4 FY25, compared to ₹46.6 crore in the same period last year. The company’s revenue surged 62% YoY, touching ₹1,160 crore, driven by higher payment volumes and rapid merchant onboarding. Key…
The Government of India has successfully concluded its four-year National Monetisation Pipeline (NMP) programme, raising ₹5.8 lakh crore, slightly below the ₹6 lakh crore target set for FY22–FY25. Key Highlights of the Asset Monetisation Drive Sector-Wise Performance & Challenges The Coal Ministry emerged as the best performer, surpassing its original target by ₹63,000 crore, while…
Aegis Vopak Terminals Ltd, India’s leading independent tank storage operator, has launched its ₹2,800 crore initial public offering (IPO), opening for subscription from May 26 to May 28, 2025. The IPO consists of a fresh issue of 11.91 crore shares, with no offer for sale. Key IPO Details: Financial Performance & Growth Outlook Aegis Vopak…
Leela Hotels, operated by Schloss Bangalore, has officially opened its ₹3,500 crore initial public offering (IPO) for public subscription. The IPO includes a fresh issue of 57.5 million shares and an offer for sale (OFS) of 23 million shares by the promoter. Key IPO Details: Financial Performance & Growth Outlook Leela Hotels has demonstrated strong…
Awfis Space Solutions, India’s leading coworking space provider, has reported a nine-fold increase in net profit, reaching ₹11.3 crore in Q4 FY25, compared to ₹1.2 crore in the same period last year. The company also posted a 46% surge in operating revenue, touching ₹339 crore, driven by strong enterprise demand and an asset-light strategy. Key…
Info Edge (India) Ltd, the parent company of Naukri.com, has secured shareholder approval to invest ₹1,000 crore in its third venture capital fund, Info Edge Ventures Fund III. The move reinforces the company’s commitment to early-stage startup investments, strengthening its presence in India’s growing venture capital ecosystem. Key Highlights of the Investment: Expanding Startup Investments…
Nazara Technologies, India’s leading gaming and esports company, has reported a 95% year-on-year (YoY) increase in revenue, reaching ₹520 crore in Q4 FY25, compared to ₹266 crore in the same period last year. The company’s net profit surged to ₹4 crore, marking a significant jump from ₹18 lakh in Q4 FY24. Key Financial Highlights: Growth…
Adani Group is reportedly in advanced discussions to acquire a stake in Diamond Power Infrastructure Ltd (DPIL), a move aimed at tightening vendor control and boosting infrastructure investments. Strategic Acquisition & Market Impact DPIL, an Ahmedabad-based power infrastructure firm, specializes in cables, conductors, transmission towers, and turnkey power projects. The company was acquired in 2022…
Arkade Developers, a leading Mumbai-based real estate firm, has announced plans to launch four major projects in FY26, with a combined gross development value (GDV) of ₹3,500-4,000 crore. The company aims to maintain its 20% compounded annual growth rate (CAGR), following a 27.7% profit growth in FY25. Key Project Launches in FY26 Growth Strategy &…
Bharti Airtel, one of India’s leading telecom giants, is being hailed as a high-growth compounder in the industry, with analysts comparing telecom services to essential commodities like petrol. Why Telecom is the New Petrol According to Kunal Vora, Head of India Equity Research at BNP Paribas, mobile services have become indispensable, much like fuel, with…
In a major policy shift, the Reserve Bank of India (RBI) has sought government approval to allow domestic banks and their foreign branches to lend Indian rupees to overseas borrowers for the first time. The move aims to internationalize the rupee, enhancing its use and acceptability in global trade. Key Highlights of RBI’s Proposal: Strategic…
Reliance Infrastructure Ltd (RInfra), led by Anil Ambani, has achieved a major financial milestone, becoming debt-free on a standalone basis after clearing ₹3,300 crore in liabilities during FY25. The company also reported a record-breaking consolidated net profit of ₹4,938 crore, marking a strong turnaround from a ₹1,609 crore loss in FY24. Key Financial Highlights: Strategic…
Zepto co-founder and CEO Aadit Palicha has publicly accused the chief financial officer (CFO) of a rival company of orchestrating a smear campaign to discredit the fast-growing quick commerce startup. In a LinkedIn post, Palicha alleged that the rival CFO has been circulating false financial data to investors, journalists, and social media platforms using proxy…
Gillette India has reported a 60% year-on-year (YoY) increase in net profit, reaching ₹159 crore for the third quarter of FY25, compared to ₹99 crore in the same period last year. Key Financial Highlights: Growth Drivers & Strategic Outlook The company attributes its strong financial performance to a robust product portfolio, superior execution, and consistent…
PC Jewellers has made a remarkable financial recovery, reporting a consolidated net profit of ₹94.78 crore for the fourth quarter of FY25, marking a significant turnaround from a net loss of ₹121.64 crore in the same period last year. Key Financial Highlights: Strategic Growth & Future Outlook PC Jewellers attributes its financial turnaround to successful…
Leading Indian liquor manufacturer Radico Khaitan reported a 3.57% decline in net profit for the fourth quarter of FY25, amounting to ₹92.07 crore, compared to ₹95.48 crore in the previous quarter. Despite the quarterly dip, the company showcased strong annual growth, with its net profit surging 31.8% to ₹345.61 crore for the full fiscal year…
West Majlishpur Gram Panchayat, under Jirania RD Block in West Tripura, has secured the Silver Award in the National e-Governance Awards 2024-2025, marking a major milestone in grassroots digital governance. The award recognizes innovative service delivery initiatives at the panchayat level, reinforcing Tripura’s leadership in digital transformation. CM Manik Saha Applauds Achievement Tripura Chief Minister…
Former Tripura Chief Minister Biplab Kumar Deb has strongly criticized the Communist Party of India (Marxist) [CPI(M)], calling it “anti-social” for opposing the recent killing of 27 Maoists in Chhattisgarh. Deb’s remarks came after the CPI(M) Politburo issued a statement condemning the encounter, which included the death of Maoist general secretary Nambala Kesavarao. Deb’s Criticism…
Tripura Chief Minister Manik Saha has announced a major AI and 5G infrastructure initiative, positioning the state as a technology hub for Northeast India. Speaking at the Rising Northeast Investors Summit 2025, Saha emphasized the transformative potential of AI and 5G in boosting economic growth, innovation, and digital connectivity. Key Announcements & Infrastructure Development AI…
Royal Scion Pradyot Kishore Manikya Debbarma has announced major investment proposals for the Tripura Tribal Areas Autonomous District Council (TTAADC) following his high-profile meetings with Mukesh Ambani, Chairman of Reliance Industries, and Harshavardhan Neotia, Chairman of Ambuja Cement at the Rising Northeast Investors Summit 2025. Strategic Investment Plans Pradyot emphasized that the TTAADC’s inclusion in…
Tripura has attracted a record ₹15,646 crore in investments at the Rising Northeast Investors Summit 2025, held in New Delhi. The summit facilitated 33 Memorandums of Understanding (MoUs), marking a significant milestone in the state’s economic transformation. Key Investment Sectors Investors expressed strong interest in Tripura’s emerging industries, including: Government Commitment & Investor Sentiment Tripura…
