India Cements arm to sell entire stake in Indonesian unit
India Cements will divest its entire equity in PT Adcoal Energindo for IDR 10 billion, with the unit set to cease as a subsidiary. The sale is expected to conclude within six months.
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Bansal Wire Industries gets GST notice of ₹203 crore for FY21
The total amount is ₹202.77 crore, comprising tax of ₹69.19 crore, interest of ₹64.39 crore, and penalty of ₹69.19 crore. Shares of Bansal Wire Industries Ltd ended at ₹318.60, down by ₹2.05, or 0.64%, on the BSE today, December 2.
KPI Green wins ₹489 crore order for 110 MW floating solar project
KPI Green Energy has secured a ₹489 crore EPC contract from Gujarat State Electricity Corporation Ltd to develop a 110 MW floating solar project at Kadana Dam.
IRFC secures $300-million loan from Sumitomo Mitsui Banking Corporation
The agreement was executed today, December 2, marking IRFC’s return to the ECB market after more than three years. Shares of Indian Railway Finance Corp Ltd ended at ₹116.40, down by ₹0.65, or 0.56%, on the BSE today.
Government says no proposal to raise FDI limit in public sector banks
Under the regulations, the FDI limit in public sector banks remains capped at 20%, while private sector banks can receive up to 74% foreign investment.
Websol Energy shares surge on MoU to assess PV ingot and wafer manufacturing in India
Websol Energy surged after signing an MoU with US-based Linton Crystal Technologies to explore PV ingot and wafer manufacturing in India, marking a potential step toward backward integration in the solar value chain.
Yields climb, rupee softens ahead of RBI rate call; guidance will be key, say market strategists
While liquidity support through OMOs is anticipated, analysts warn the rupee may continue to weaken due to trade uncertainty and capital flow pressures, with levels near 90 per dollar seen as possible in 2025.
Crypto market slides as bitcoin sees sharpest one-day drop since March
Bitcoin recorded its biggest one-day drop since March, dragging the global crypto market cap below $3 trillion. Heavy liquidations, falling futures activity, and high leverage are adding to downside risks. Analysts say risk-off sentiment in global markets, China’s warning on…
Prostarm Info Systems shares nearly double from IPO price; Important development on Friday
Friday, December 5, will be an important session for Prostarm Info Systems, as its six-month shareholder lock-in period will come to an end. The end of this shareholder lock-in period would free up 3.1 crore shares or 53% of the…
India heads for bumper harvest, but weak global demand a drag, says Olam Agro
Olam Agro’s Sanjay Sacheti says India’s strong harvests will create commodity surpluses amid weak global demand, pushing for more farmer support, crop diversification and stable trade policies as food inflation is expected to ease in 2026.