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Indian Industry Celebrates $20.5 Billion Investment In US; Announce $1.1 Billion Projects
Indian pharmaceutical companies announced plans to invest more than $19.1 billion in the United States, anchored by Sun Pharmaceutical's planned $11.75 billion acquisition of New Jersey-based Organon & Co.
India, EU pitch for joint initiative to strengthen EV battery recycling
India and the European Union have launched a new initiative to recycle electric vehicle batteries. This joint effort aims to secure raw materials and promote a circular economy. A funding pool of 15.2 million euro will support advanced recycling technologies and pilot projects in India. The program will bring together researchers, industries, and startups to develop innovative solutions.
Alpha Corp to take over three stuck projects following Supreme Court approval
The Supreme Court has revived Alpha Corp's plan to complete three stalled projects of Earth Infrastructures. This decision offers hope to over 3,000 homebuyers. Alpha Corp will invest Rs 750 crore to finish the projects, with no extra cost to buyers.
Godrej Properties to expand premium real estate footprint
The real estate developer has lined up high-value projects across Gurugram, Delhi and Mumbai as premium housing demand strengthens.
Prabhas' Fauzi Shoot Halted After Road Accident In Hyderabad Leaves One Dead, Five Injured
Prabhas was last seen in The Raja Saab and currently has several major projects lined up, including Spirit with Sandeep Reddy Vanga and the sequel to Kalki 2898 AD.
Larsen & Toubro bags mega order from JSW Steel for metals projects
Larsen & Toubro (L&T) said its Minerals & Metals business has secured its largest-ever domestic order in the metals sector from JSW Steel.
L&T's wings clipped by geopolitical tensions, recovery likely in H2 of FY27
Larsen & Toubro faces challenges from geopolitical tensions, impacting its revenue and operating margins. Despite a record order book of ₹7.4 trillion, delays in projects and rising costs have prompted a cautious outlook for FY27.
Aadhar Housing targets 20% growth in FY27, eyes ₹50,000 crore AUM in three years
The Blackstone-backed lender said West Asia tensions have no material impact on loan book as it sees steady demand from affordable housing and state-backed projects.
India’s grid bottleneck forces ReNew Energy to waste solar power, threatening profits
India's power grid struggles to handle excess solar energy. ReNew Energy Global Plc faces power curtailment, affecting earnings. The company is investing in battery storage to balance supply and demand. Rising costs from global events add to challenges. Future projects will focus more on solar power.
India approves two new semiconductor projects to boost chip ecosystem
The projects, with a combined investment of around Rs. 3,936 crore, will be set up in Gujarat and are expected to generate about 2,230 skilled jobs.
L&T top loser among Sensex stocks, down 4% in firm market; here's why
Q4 execution was impacted by ₹5,000 crore revenue slippage due to supply chain disruptions in the Middle East and delays in water projects, indicating near-term execution headwinds.
Cabinet clears Emergency Credit Line Guarantee Scheme 5.0 to cushion MSMEs, airlines amid Gulf war
The government has approved a new credit scheme, ECLGS 5.0, to support airlines and small businesses facing economic challenges. This initiative will provide significant additional credit. Two new semiconductor manufacturing units are also set to be established. Additionally, railway infrastructure projects and a ship repair facility have received approval, boosting industrial capacity and employment opportunities across the nation.