Mumbai — IndusInd Bank Limited has approved the grant of 81,500 employee stock options (ESOPs) to a select group of five employees, reinforcing its strategy to reward performance and retain key talent. The decision was cleared by the bank’s Compensation and Nomination & Remuneration Committee and disclosed in line with regulatory requirements. Key Details of … Read more
Mumbai — In a significant step toward sustainable maritime operations, Mazagon Dock Shipbuilders Limited (MDL) has signed a $39 million contract with Shipping Corporation of India (SCI) to build the country’s first methanol dual-fuel platform supply vessel (PSV). The agreement marks a milestone for India’s shipping industry, as it introduces cleaner fuel technology into commercial … Read more
Mumbai : The Reserve Bank of India (RBI) has announced that it will conduct a ₹1.5 lakh crore (₹1.5 trillion) 7-day Variable Rate Repo (VRR) auction on Tuesday, March 17, 2026, as part of its ongoing efforts to manage short-term liquidity in the banking system. The auction will be conducted under the Liquidity Adjustment Facility … Read more
Mumbai : The upcoming initial public offering (IPO) of Central Mine Planning & Design Institute Limited (CMPDIL), a wholly owned subsidiary of Coal India Limited, is drawing significant attention from investors ahead of its launch on March 20, 2026. The offering is part of the Indian government’s ongoing disinvestment strategy and is expected to attract … Read more
Pune : Bajaj Finserv Limited has acquired full ownership of its insurance subsidiaries after Allianz SE exited its stake in the ventures. The move makes Bajaj Finserv the sole owner of Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited. Before the transaction, Bajaj Finserv held a 75.01% stake in the … Read more
New Delhi: The Supreme Court of India on Tuesday granted bail to the father of the minor accused in the high-profile Pune Porsche crash case that killed two young software engineers in May 2024. A bench comprising Justices B. V. Nagarathna and Ujjal Bhuyan ordered the release of businessman Vishal Agarwal, stating that he had … Read more
Mumbai : KPI Green Energy Limited has announced that its subsidiary, Sun Drops Energia Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) to develop large-scale battery energy storage projects in the state of Gujarat. The announcement was made through a regulatory filing with both BSE Limited … Read more
Pune, India: India’s Union Minister for Road Transport and Highways, Nitin Gadkari, said on Friday that powerful petroleum interests are resisting efforts to promote alternative and green fuels in the country because of the massive financial stakes tied to fossil fuel imports. Speaking at a conference organized by the Indian Federation of Green Energy (IFGE) … Read more
Mumbai, India: The board of Indian Oil Corporation is set to meet on March 6, 2026, to consider declaring a second interim dividend for the financial year 2025–26, according to a regulatory filing made to stock exchanges. If approved, the dividend would provide an additional payout to shareholders before the end of the fiscal year … Read more
Sensex Plunges 1,773 Points Amid Global Shockwaves Mumbai — India’s stock market tumbled sharply Wednesday morning as intensifying tensions involving Israel, Iran, and the United States sent shockwaves through global financial markets. The benchmark Bombay Stock Exchange Sensex fell 1,773 points, or 2.21%, to 78,465 in early trading. Meanwhile, the National Stock Exchange Nifty 50 … Read more
MUMBAI — REC Limited, a Maharatna Central Public Sector Enterprise under India’s Ministry of Power and a leading non-banking financial company (NBFC), received two major national recognitions at the National Leadership Summit & Awards 2026 held at Bombay Stock Exchange in Mumbai. “India’s Most Influential CFO 2026” Award Harsh Baveja, former Director (Finance) and Chief … Read more
Mumbai : State Bank of India (SBI) on Monday announced a senior management change, stating that Nitin Chugh, Deputy Managing Director and Head of Digital Banking & Transformation, has been relieved from his role following the completion of his contractual tenure. In a regulatory filing submitted under Regulation 30 of the SEBI (Listing Obligations and … Read more
Mumbai : Federal Bank Limited has announced the allotment of 177,242 equity shares to eligible employees following the exercise of stock options under the Bank’s Employee Stock Option Scheme (ESOS) 2017. Each equity share has a face value of ₹2, and the allotment was carried out after receipt of full payment from the option holders. … Read more
Mumbai : Bank of Maharashtra has been conferred with the “Best Mid-Sized Bank” award at the Business Today Banking & Economy Summit, held in Mumbai, recognizing the bank’s strong performance, customer-centric approach, and transformational initiatives in India’s banking sector. The prestigious award was presented in acknowledgment of the bank’s consistent focus on customer service excellence, … Read more
Mumbai : Mahanagar Gas Limited (MGL) has informed the stock exchanges about a change in its Board of Directors, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and the National Stock Exchange of India Limited. Sandeep Kumar Gupta Steps Down … Read more
Mumbai : In an important development for India’s public sector energy industry, the Public Enterprises Selection Board (PESB) has recommended Srividya Venkataraman for appointment as Director (Finance) at Hindustan Petroleum Corporation Limited (HPCL). The recommendation was made during PESB Meeting No. 18/2026, held on February 28, 2026, to select a candidate for the top finance … Read more
Mumbai, India / London, UK / Warren, NJ — LTI Mindtree announced on Monday that it has signed a strategic, multi-year contract valued at $100 million with a leading European medical technology company specializing in advanced hearing and audiology solutions. The seven-year engagement represents one of LTI Mindtree’s largest MedTech-focused deals to date and significantly … Read more
Mumbai: Gold and silver prices witnessed a dramatic surge on Monday, driven by escalating geopolitical tensions, a sharp fall in the US dollar, and concerns over global economic growth. On India’s Multi Commodity Exchange (MCX), both precious metals climbed close to record highs, triggering strong investor interest. Market Snapshot Gold futures for April delivery on … Read more
Mumbai : Central Bank of India has entered into a strategic distribution agreement with SBI Funds Management Limited (SBIFML) to offer a wide range of mutual fund products to its customers, the bank announced on Friday. Under the agreement, Central Bank of India customers will gain access to SBIFML’s diverse mutual fund schemes, enabling them … Read more
Mumbai, India: The Bombay High Court has warned that upper floors of a 19-storey residential building in Colaba may be demolished if the Indian Navy’s national security concerns are upheld. The court was hearing a petition filed by the Commanding Officer of INS Shikra, a naval air station located in South Mumbai. The petition alleges … Read more
Hyderabad: As Maharashtra marks Chhatrapati Shivaji Maharaj Jayanti on February 19, 2026, tributes are pouring in for the legendary warrior-king who founded the Maratha Empire and reshaped Indian history through courage, strategy, and visionary leadership. Beyond history books and folklore, Shivaji Maharaj’s life has been immortalized across decades of Indian cinema and television, with several … Read more
Mumbai: Shares of BL Kashyap and Sons surged as much as 8% on Thursday after the construction firm announced it had secured a major housing project order worth ₹300 crore (about $36 million), boosting investor sentiment despite a weak broader market. The stock climbed 8.4% to an intraday high of ₹54.55 on the BSE. By … Read more
Mumbai, February 16, 2026: India and France are poised to take their strategic partnership to a new level as Defence Minister Rajnath Singh and French Minister of the Armed Forces and Veterans Catherine Vautrin co-chair the 6th India–France Annual Defence Dialogue in Bengaluru on February 17. The high-level talks are expected to be among the … Read more
Mumbai: Air India has announced a major upgrade to its international operations under its 2026 Northern Summer Schedule, increasing flight frequencies on key global routes and deploying aircraft with newly upgraded or retrofitted cabin interiors. The airline confirmed that from February 14, flights on the Delhi–Tokyo (Haneda) route are now being operated with Boeing 787-9 … Read more
