Bharat Electronics Ltd (BEL), the Navratna defence PSU, has bagged a ₹633 crore order from Cochin Shipyard, reinforcing its leadership in defence electronics and system integration. The contract includes the supply of key components for sensors, weapon systems, fire control mechanisms, and communication equipment, supporting India’s growing naval…
Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the UAE, has entered into a strategic partnership with HCLTech, a leading global technology company, to accelerate the integration of Artificial Intelligence (AI) across its operations. The collaboration, unveiled at GITEX GLOBAL 2025, underscores DIB’s…
Manali Petrochemicals:Subsidiary AMCHEM signs a share purchase agreement with Coim S.p.A. to sell its entire stake in Notedome Ltd, UK, as part of its global portfolio rebalancing. Ola Electric Mobility:Clarifies that no chargesheet has been filed in the ongoing investigation and reiterates full cooperation with authorities. Dr Reddy’s…
Punjab National Bank (PNB) has projected a 15 basis points (BPS) increase in its net interest margin (NIM) by March 2026, reflecting confidence in its financial performance and operational efficiency. The forecast follows the bank’s steady Q2 performance, suggesting improved profitability in the coming quarters. Margin Expansion Drivers…
Dev Information Technology Limited has announced a strategic move to raise ₹68.18 crore through the issuance of 1.5 crore convertible warrants. The company’s Board of Directors approved the preferential allotment to Aeroflex Enterprises Limited, a non-promoter entity, marking a key step in bolstering its financial position and supporting…
Mazagon Dock Shipbuilders Ltd (MDL), India’s premier warship and submarine builder under the Ministry of Defence, has entered into an exclusive Memorandum of Understanding (MoU) with France’s Naval Group to jointly offer evolved Scorpene-class submarines to a friendly foreign nation. The MoU was signed on October 16, 2025,…
Lucknow-based PTC Industries Limited has signed a landmark agreement with Bharat Dynamics Limited (BDL) to create a joint venture (JV) focused on advanced propulsion systems for missiles, UAVs, and loitering munitions. This partnership underscores India’s ongoing push for self-reliance in defence manufacturing under the ‘Make in India’ initiative.…
India’s exports to Nepal saw a sharp decline in September, dropping 16.6% year-on-year to $516.62 million, as political turmoil and youth-led protests disrupted trade routes in the Himalayan nation. The decline reversed recent gains and highlighted the vulnerability of India’s overland trade corridors. In contrast, exports to countries…
GRM Overseas Limited has announced a strategic distribution partnership with Saudi Arabia’s Seven Star Company Limited on October 20, 2025, marking a major step in expanding its international footprint. Under the agreement, GRM’s premium basmati rice brand, ‘10X’, will be exported to the Kingdom of Saudi Arabia, reaching…
The Ministry of Mines has introduced amendments to the Mineral (Auction) Rules, 2015, aimed at fast-tracking the operationalisation of auctioned mineral blocks. The reforms, effective October 17, 2025, establish clear milestones, time-bound incentives, and penalties to encourage timely production and discourage delays by successful bidders. Clear Milestones for…
