NBCC settles dispute with Delhi govt, gets 21-acre land to build ₹8,500-cr project
NBCC will develop a mixed-use project on 21.23 acres in Ghitorni, south Delhi, after settling a dispute with the Delhi government, expecting revenue of ₹8,500 crore.
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Solarworld Energy Solutions secures EPC order from NTPC Renewable Energy
Solarworld Energy Solutions secures a ₹725.33 crore EPC contract from NTPC Renewable Energy for a 250 MWac solar PV project, boosting its presence in India’s renewable energy sector.
PNB reports ₹2,434 crore borrowal fraud to RBI linked to former SREI promoters
Punjab National Bank has reported a ₹2,434 crore borrowal fraud to the RBI involving erstwhile promoters of SREI group firms, while confirming that full provisions have been made for the exposure.
Tamilnad Mercantile Bank opens 5 branches
The new branches are located in Velandipalayam, Kalapatti, Davanagere, Puthukkadai, and Nikol. Tamilnad Mercantile Banks share closed at ₹ 504.15, on Friday, December 26, down 1.59%.
Timex Group promoter to sell 4.47% stake via OFS at ₹275 per share
Timex Group Luxury Watches BV will sell a 4.47 percent stake in Timex Group India via OFS on December 29 and 30, with Kotak Securities as broker and a floor price of ₹275 per share.
Vikran Engineering secures 45.75 MW solar projects in Madhya Pradesh
Vikran Engineering Ltd accepted awards from MP Urja Vikas Nigam Ltd to set up 45.75 MW solar projects in Vidisha under PM-KUSUM, selling power to MPPMCL for 25 years. Shares of Vikran Engineering Ltd ended lower on Friday, December 26,…
IFSCA says GIFT City bond market remains institution-led, retail access to evolve over time
IFSCA chairman K Rajaraman said the GIFT City bond market is primarily institutional, with Indian corporates raising offshore debt through NSE IX and India INX. While resident retail investors have limited access, regulators have strengthened disclosure and credit rating norms…
Titan bets on lab-grown diamonds with ‘beYon’ to tap new jewellery buyers
Titan’s move into lab-grown diamonds marks a cautious but strategic diversification, with the Tata Group company positioning the ‘beYon’ brand as an affordable, lifestyle-led offering for women. While the near-term revenue impact is expected to be modest, the entry of…
GE Shipping signs pact to sell very large gas carrier ‘Jag Vishnu’
The Great Eastern Shipping Company Ltd will sell its gas carrier Jag Vishnu and Kamsarmax Jag Aarati, and acquire two second-hand vessels, aiming to optimise its fleet to 39 ships by FY26.
Coal India board appoints B Sairam as chief executive officer
Coal India Ltd appoints B Sairam as CEO, consolidating leadership. Sairam, with over 30 years in coal, previously led Northern Coalfields Ltd and Central Coalfields Ltd.