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By Kirti Srinivasan , 10 April 2025
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Waaree Renewable Technologies Makes Landmark NSE Debut, Marking a New Chapter in India’s Solar Industry

Waaree Renewable Technologies Ltd (WRTL), a key player in India's renewable energy sector, has officially been listed on the National Stock Exchange of India (NSE). This marks a significant milestone in the company's growth, providing it with enhanced visibility and greater access to capital for future expansions. The company’s stock debuted with a slight dip, but its listing reinforces its position as a major contributor to India’s green energy transition.

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  • Power
  • NSE
By Kirti Srinivasan , 10 April 2025
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Coal India Ltd’s Financial Performance and Production Outlook for FY25

Coal India Ltd (CIL), the country's largest coal producer, saw a slight dip in its contribution to the government exchequer in March 2025, with a 4.7% decrease compared to the same month in the previous year. Despite this, the company posted a modest increase in its overall fiscal year payment, reflecting steady growth in revenue. However, CIL's production fell short of its annual target, highlighting the challenges it faces. Looking ahead, the company aims to ramp up production in the upcoming fiscal year, setting ambitious targets to meet India’s growing energy demands.

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  • Power
By Gurminder Mangat , 10 April 2025
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Dixon Tech to Establish Rs 1,000-Cr Facility in Tamil Nadu, Strengthening Its Manufacturing Footprint

Dixon Technologies, a leading electronics manufacturing services firm, has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to set up a Rs 1,000-crore manufacturing facility in Oragadam, near Chennai. The new factory will focus on producing laptops and all-in-one personal computers, along with providing electronic manufacturing services to other companies. The facility is expected to create 5,000 new jobs, contributing significantly to the local economy.

Tags

  • Electronics
By Gurminder Mangat , 10 April 2025
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India’s Sugar Export Outlook for 2024-25 Marketing Year: Slow Start, Promising Future

India has shipped a total of 2,87,204 tonnes of sugar by April 8 in the 2024-25 marketing year, with shipments predominantly going to Somalia, Afghanistan, and Sri Lanka. While exports were allowed only starting in January 2025, the current pace is slower than anticipated, but experts predict an uptick in shipments within the next month. The total export quota for the year is set at one million tonnes.

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  • Commodity
By Kirti Srinivasan , 10 April 2025
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Zomato Rebrands Itself as Eternal Ltd: A Strategic Shift to Reflect New Business Focus

In a landmark move, Zomato Ltd has officially changed its corporate name to Eternal Ltd, effective from March 20, following approval from the Ministry of Corporate Affairs. While the company’s food delivery business brand remains unchanged, the name change reflects the evolving strategic direction of the firm, especially with Blinkit now playing a central role in its future growth.

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  • Business
By Gurminder Mangat , 10 April 2025
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Steel Strips Wheels Secures USD 5 Million Steel Wheel Order from Global OEM

Steel Strips Wheels Ltd has announced the receipt of a USD 5 million order (approximately Rs 40 crore) for steel wheels from an undisclosed global automobile manufacturer. The order spans over a five-year period, with production set to begin in FY 2026 at the company's Chennai plant. This new business deal strengthens the company's position in the international market and underscores its expanding presence in the automotive sector.

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  • Steel
  • Business
By Gurminder Mangat , 10 April 2025
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BharatPe's Resilient Payments Receives RBI Authorisation, Strengthening Its Position in the Digital Payments Ecosystem

BharatPe Group’s subsidiary, Resilient Payments, has officially received final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This approval allows the company to offer a range of payment services, including facilitating transactions through its own payment gateway. With an emphasis on expanding its presence in tier 2 and tier 3 cities, Resilient Payments plans to leverage its robust merchant network to scale up its services, under the brand name BharatPe X.

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  • Business
By Gurminder Mangat , 10 April 2025
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IRB Infrastructure Achieves 23% Growth in Toll Revenue Amid Robust Infrastructure Investment

IRB Infrastructure has reported a significant 23% increase in toll revenue for the fiscal year 2024-25, reaching Rs 6,360 crore, up from Rs 5,169 crore in FY24. This impressive growth reflects the company’s robust performance in India's expanding highway network. Key contributors include the IRB MP Expressway, Ahmedabad Vadodara Super Express Tollway, and CG Tollway, with Maharashtra’s MP Expressway being the top performer.

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  • Infrastructure
By Kirti Srinivasan , 10 April 2025
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Xi Jinping Pledges Stronger Ties with Neighbors Amid Escalating US-China Trade War

Amid escalating trade tensions with the United States, Chinese President Xi Jinping has vowed to strengthen strategic relationships with neighboring countries by managing differences diplomatically and enhancing supply chain connections. This pledge comes as U.S. President Donald Trump’s tariffs on Chinese exports reach new heights. Xi’s remarks at a recent conference reflect China’s efforts to navigate increasing global trade tensions, including improving relations with neighboring nations such as India, Japan, and South Korea.

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  • Economy
By Manbir Sandhu , 10 April 2025
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RBI Revises India’s Growth Forecast Amid Global Trade Uncertainty

In response to growing global trade and policy uncertainties, the Reserve Bank of India (RBI) has revised its economic growth forecast for the current financial year, reducing it to 6.5% from the previous projection of 6.7%. Despite this, the RBI remains optimistic about India's agricultural sector and the revival of manufacturing activity. Key factors such as infrastructure investments, strong bank and corporate balance sheets, and improved capacity utilization are expected to support growth, while global trade disruptions could weigh on merchandise exports.

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  • RBI
  • Economy

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