PM Modi calls Vadodara aircraft facility a ‘watershed moment’ for India’s defence landscape in LinkedIn post

Prime Minister Narendra Modi hailed the inauguration of the C-295 aircraft manufacturing complex in Vadodara as a transformative milestone for India’s defence and aerospace sectors. The facility, developed through a collaboration between Tata Advanced Systems Limited (TASL) and Airbus, represents the first private sector final assembly line for military aircraft in India. During the inauguratio … Read more

Inflation will begin to cool off after October, says RBI governor

The central bank’s projections indicate that inflation will moderate after remaining high in October, RBI governor Shaktikanta Das has said, while cautioning that geopolitical risks and weather events pose potential threats. “Sept inflation crossed 5%, and we expect October inflation to be high as well. However, our projections indicate that inflation will begin to moderate … Read more

RIL, Nvidia partner to build large-scale AI infrastructure in India

NVIDIA CEO Jensen Huang and Reliance Industries Chairman Mukesh Ambani today announced a strategic partnership to build state-of-the-art AI infrastructure in India at the NVIDIA Summit in Mumbai “It is important that we design and build infrastructure so that to use AI our customers don’t have to change their phones or computers but they can … Read more

Sona acquires Railway Equipment Division from Escorts

Sona BLW Precision Forgings (Sona) has entered into an agreement to acquire the Railway Equipment Division (RED) of Escorts Kubota (Escorts). RED of Escorts is a leading supplier of critical components for Railways, such as brakes and suspension systems for various rolling stocks. The division reported revenues of Rs 950 cr in FY 24. In … Read more

Government will maintain checks on FDI in ‘national interest’: Finance minister

Amid expectations of easing curbs on investment from China, finance minister Nirmala Sitharaman on Wednesday said government will maintain checks on FDI in the “national interest,” given the sensitivity in the region. “We want business, we want investments, but we also need some safeguards because India is located in a neighbourhood, which is very, very … Read more

Zomato approves a significant QIP raise

Along with it’s Q2 FY 25 results,. Zomato’s board has approved a QIP raise. QIP is for Rs 8,500 cr Raise is to strengthen the balance sheet As per Company – “While the business is now generating cash (vis-a-vis a loss making business at the time of IPO), the company believes that it needs to … Read more

Allianz may exit from Bajaj insurance JVs

Bajaj Finserv (BFL) in it’s communication to the stock exchanges, has informed of Allianz’s intention to exit. The German Company Allianz SE holds 26% stake in Bajaj Allianz Life Insurance Co. and Bajaj Allianz General Insurance Co, whereas BFL holds the balance 74% in both. Allianz may be planing to exit as Bajaj is not … Read more