Day: March 27, 2026

New Delhi : Ministry of Defence has signed contracts worth ₹858 crore (approximately $103 million) to strengthen the country’s air defense and maritime surveillance capabilities. The agreements cover the procurement of advanced Tunguska air defense missile systems for the Indian Army and comprehensive maintenance support for the Navy’s P-8I reconnaissance aircraft fleet. The contracts were … Read more

New Delhi : Bank of Baroda has entered into strategic Memorandums of Understanding (MoUs) with Tata Hitachi Construction Machinery Company Private Limited and SANY Heavy Industry India Pvt. Ltd. to enhance financing access for India’s construction and mining equipment sector, with a strong focus on Micro, Small, and Medium Enterprises (MSMEs). The agreements are aimed … Read more

New Delhi  — Power Grid Corporation of India Limited has announced the successful commissioning of the Transmission System for Power Evacuation from the Arun-3 (900 MW) Hydroelectric Project in Nepal – Indian Portion, marking a major step in strengthening cross-border energy cooperation between India and Nepal. Although the system became operational on September 3, 2023, … Read more

Faridabad  — NHPC Limited has signed a major implementation agreement with Jammu & Kashmir State Power Development Corporation Limited to develop two large hydroelectric projects totaling 500 megawatts (MW) in the Union Territory of Jammu and Kashmir. The agreement, finalized on March 27 in Jammu, marks a significant milestone in India’s push to expand renewable … Read more

Kolkata  — Coal India Limited and Damodar Valley Corporation have jointly incorporated a new company, DVC CIL Power Private Limited, marking a major step toward strengthening India’s energy and power transmission ecosystem. The newly formed entity has been officially registered with India’s Ministry of Corporate Affairs under Corporate Identification Number (CIN) U35102WB2026PTC287644. Structured as a … Read more

Kochi, India  : Cochin Shipyard Limited (CSL) has formally responded to penalties imposed by BSE Limited and National Stock Exchange of India for failing to comply with corporate governance norms under Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR). The fines—amounting to ₹977,040 (approximately $11,700) each, inclusive of GST—were levied … Read more

New Delhi  — India’s Production Linked Incentive (PLI) programs have emerged as a powerful engine for economic growth, generating over 1.439 million jobs and driving ₹20.41 lakh crore (approximately $245 billion USD) in incremental production as of December 31, 2025, according to the Government of India. The flagship initiative, a cornerstone of the country’s Make … Read more

Shimla  — SJVN Limited has announced a major milestone at its 412 MW Rampur Hydro Power Station in Himachal Pradesh, which has achieved its highest-ever annual electricity generation. The plant recorded a total output of 2,098.03 million units, surpassing its previous peak set in fiscal year 2019–20. This achievement underscores the company’s continued focus on … Read more

Chennai  — Indian Overseas Bank (IOB) has received a tax demand notice amounting to ₹642.74 crore (approximately $77 million USD) from India’s Income Tax Department for the Assessment Year 2016–17. The demand follows the implementation of an order issued by the Income Tax Appellate Tribunal (ITAT), according to an official disclosure by the bank. The … Read more

New Delhi  — India’s Ministry of Railways has approved the extension of deputation for Sahitya Kumar Gupta, who currently serves as Executive Director (Operations/Corporate Office) at RailTel Corporation of India Ltd.. The extension will remain in effect through April 19, 2027, or until further orders, according to an official notification issued on March 27, 2026. … Read more

Gurugram  — Saatvik Solar Industries Private Limited, a key subsidiary of Saatvik Green Energy Limited, has secured a significant order valued at ₹14 crore (approximately $1.7 million USD) for the supply of solar photovoltaic (PV) modules. The contract has been awarded by leading domestic Independent Power Producers (IPPs) and Engineering, Procurement, and Construction (EPC) companies, … Read more

New Delhi, India — State-run energy major Bharat Petroleum Corporation Limited (BPCL) has assured consumers across India that cooking gas supplies remain secure, backed by a sharp rise in domestic production and well-planned imports to meet national demand. The company emphasized there is no shortage of Liquefied Petroleum Gas (LPG) and urged households to avoid … Read more