Cochin Shipyard Ltd. (CSL) has secured a contract from Denmark-based Svitzer to construct four fully electric ‘TRAnsverse 2600E’ tugs. The agreement was finalised on December 5, 2025, following a Letter of Intent issued on October 31, 2025. Each vessel will be 26 metres long with a 70-ton bollard…
Order Specifics Customer: MEIL (new for MTAR in this segment) Nature: Domestic supply of components Related-party status: No links; promoters have no interest in the awarding entity Scope: Component supply only, with no additional terms specified Company Background MTAR Technologies operates nine manufacturing units in Hyderabad, including an…
ICICI Prudential Asset Management Company (AMC) is set to launch its initial public offering (IPO) on December 12, 2025, according to news reports. The offering comes as British insurer Prudential plans to sell a 10% stake in the company. IPO Structure and Details The IPO is an entirely…
India has achieved a significant milestone in renewable energy, adding 31.25 GW of non-fossil fuel capacity in FY 2025-26, with 24.28 GW coming from solar energy. This marks the country’s largest-ever annual expansion in non-fossil energy. National Renewable Energy Growth Union Minister of New and Renewable Energy, Shri…
strengthened focus on biodiversity and nature-positive practices across its operations. Key Initiatives TNFD Implementation: AGEL will use the framework to assess, manage, and report nature-related risks and opportunities throughout its projects. Biodiversity Target: The company has set a goal to achieve No Net Loss of Biodiversity by 2030.…
At a recent board meeting held at its Starbase facility in Texas, SpaceX discussed selling insider shares at over $400 per share, implying the company’s valuation could nearly double its last funding round from July 2025, when shares were priced at $212, valuing SpaceX at $400 billion. If…
Max India Limited has outlined a large-scale expansion plan for its Antara Senior Care business as it prepares to broaden its presence in India’s senior care segment. The initiative includes scaling residential senior living communities, increasing care home capacity, and expanding operations across key regions in the country.…
Reliance Power Limited (RPL), along with its subsidiaries and other parties, has been named in a supplementary prosecution complaint filed by the Enforcement Directorate (ED) in connection with a matter involving a Solar Energy Corporation of India (SECI) bank guarantee. Details of the Complaint According to the filing,…
Ravindra Energy Limited (REL) has issued a postal ballot notice requesting shareholder approval on multiple resolutions, including a proposal to increase financial support to its associate entity, Energy In Motion Limited (EIM). Resolutions Under Shareholder Consideration The postal ballot seeks approval for the following items: Appointment of Mr.…
Info Edge has increased its shareholding in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a restructuring process approved by the National Company Law Tribunal (NCLT). The transaction results in a notable enhancement of Info Edge’s strategic position in the fintech space. As per the disclosure,…