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 23 May 2025 12:20 AM   EconomicTimes

Adani to announce ₹20,000 crore investments in North East

Adani Group is expected to unveil a ₹20,000 crore investment plan for the north-eastern region at the Rising Northeast Investors Summit. The group's focus includes thermal power with a 3200 MW plant in Assam, transmission operations, and potential ventures into green and nuclear energy. Reliance is also expected to announce investments through Jio and Retail, highlighting the region's investment potential.

 23 May 2025 12:16 AM   EconomicTimes

Zydus working on single pen device for adjustable Semaglutide doses

Zydus Lifesciences is innovating a single-device for semaglutide. This device can deliver multiple strengths of the drug. It targets both diabetes and obesity. Clinical trials are underway in India. Zydus plans a day 1 launch in India. They will explore partnerships for emerging markets. The device aims to improve patient convenience. Some companies have shown interest in co-marketing.

 23 May 2025 12:05 AM   EconomicTimes

Small cars likely to drive growth as entry-level sales decline, says Vivek Srivatsa, CCO, Tata Passenger Electric Mobility

Despite an overall decline in small car sales, premium hatchbacks are expected to gain traction due to increased demand for feature-rich models. While entry-level hatchbacks struggle with affordability and regulatory compliance, premium options priced between ₹7.5-13.5 lakh are growing in popularity.

 22 May 2025 11:11 PM   EconomicTimes

Jindal Power emerges frontrunner to acquire Apraava's Haryana project

Jindal Power Ltd (JPL), owned by Naveen Jindal, is likely to acquire Jhajjar Power's 1,350 MW thermal power project in Haryana from Apraava Energy for ₹4,000 crore. JPL has signed an exclusivity agreement and anticipates finalizing the deal within a month.

 22 May 2025 11:00 PM   EconomicTimes

Hamara KTM: Bajaj Auto to take control of Austrian company

Rajiv Bajaj-led Bajaj Auto will control Austrian motorcycle maker KTM. The deal is valued at ₹7,800 crore. Bajaj Auto will transition from minority investor to majority stakeholder. The company will execute the acquisition through its Netherlands-based subsidiary. The move aims to revive KTM's operations and reposition the brand for global growth.

 22 May 2025 10:28 PM   EconomicTimes

Commercial credit supply drops 11 pc in Q4 over asset quality concerns: Sidbi-Cibil report

Commercial credit supply experienced an 11% year-on-year decline in the March quarter due to asset quality concerns and external headwinds, despite an 11% growth in loan enquiries. The overall commercial credit supply growth was restricted to 3%. Portfolio outstanding reached Rs 35.2 lakh crore, with stress declining to a five-year low of 1.79%.

 22 May 2025 09:57 PM   EconomicTimes

Vishal Fabrics profit rises 13% in FY25 despite 'industry headwinds'

Vishal Fabrics reported a 13% increase in profit, reaching Rs 28.84 crore in FY25, overcoming global challenges. The Chiripal Group company's total income also rose by 5% to Rs 1,521.43 crore. The company's CFO, Dharmesh Dattani, attributed this growth to a focus on efficiency, quality, and customer satisfaction, while strengthening its market presence through sustainable manufacturing and digital transformation.

 22 May 2025 09:53 PM   EconomicTimes

Diamond jewellery demand in India likely to double by 2030, says De Beers Group CEO

De Beers anticipates a doubling of diamond jewelry consumption in India by 2030, driven by the nation's emergence as the second-largest market globally. The company plans significant expansion with its Forevermark brand, including new stores and a strong omni-channel presence. De Beers also emphasizes the distinction between natural and lab-grown diamonds, focusing on the technological applications of the latter.

 22 May 2025 09:20 PM   EconomicTimes

DGCA probes IndiGo's Delhi-Srinagar flight turbulence incident

A Delhi-Srinagar IndiGo flight faced severe turbulence due to a sudden hailstorm. The Directorate General of Civil Aviation is investigating the incident. The flight carried over 220 passengers, including Trinamool Congress MPs. Passengers panicked during the ordeal. The pilot reported an emergency to Srinagar air traffic control. The aircraft landed safely. An inspection and maintenance will be done.

 22 May 2025 09:13 PM   EconomicTimes

Brookfield eyes $100 bn portfolio in India; explores opportunities in nuclear power projects

Brookfield Asset Management plans to exceed $100 billion in Indian investments within five years, potentially backing nuclear power projects. The firm, managing nearly $1 trillion in assets, aims to double its size during this period. Brookfield sees India as a future clean energy superpower, focusing on digital infrastructure, transportation, and utilities, while also eyeing financial services and manufacturing sectors.

 22 May 2025 08:16 PM   EconomicTimes

Himadri Speciality to pick 16% stake in US-based International Battery Company

Himadri Speciality has strategically invested in International Battery Company (IBC), acquiring a 16.24% stake to enhance its presence in mobility and energy storage. This move positions both companies to meet the rising global demand for sustainable battery technologies.

 22 May 2025 08:16 PM   EconomicTimes

Himadri Speciality to pick 16 pc stake in US-based International Battery Company

Himadri Speciality has strategically invested in International Battery Company (IBC), acquiring a 16.24% stake to enhance its presence in mobility and energy storage. This move positions both companies to meet the rising global demand for sustainable battery technologies.

 22 May 2025 08:15 PM   EconomicTimes

Broadcasters have to pay both service, luxury taxes: Supreme Court

The Supreme Court affirmed that broadcasters are responsible for paying both service tax and entertainment tax on broadcasting activities. This ruling clarifies that both Parliament and state legislatures possess the authority to impose these taxes. The court emphasised that these taxes represent distinct aspects of the same activity, enabling different legislatures to levy taxes under separate entries in different lists.

 22 May 2025 07:24 PM   EconomicTimes

Bengaluru, Delhi & Hyderabad get lion’s share of e-buses; Kumaraswamy to meet with OEMs soon

Under the PM's e-Drive Scheme, Delhi, Bengaluru, Hyderabad, Ahmedabad, and Surat will receive 10,900 new electric buses in the next two years, with Bengaluru getting the largest share. The Centre awaits requests from Mumbai, Kolkata, and Chennai before allocating the remaining buses.

 22 May 2025 07:22 PM   EconomicTimes

Tata Steel completes 5 MT expansion project at Kalinganagar; India capacity crosses 26 MT

Tata Steel has finished the second phase of expansion at its Kalinganagar plant in Odisha. This increases the company's total capacity in India to 26.1 million tonnes. The Kalinganagar plant's capacity is now 8 MT, up from 3 MT. The expansion cost Rupees 27,000 crore. Odisha Chief Minister Mohan Charan Majhi inaugurated the expanded plant.

 23 Apr 2024 01:41 PM   MoneyControl

Buy HDFC Bank; target of Rs 1,850: ICICI Securities

ICICI Securities is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 1,850 in its research report dated April 21, 2024.

 23 Apr 2024 01:36 PM   MoneyControl

Buy Tejas Networks; target of Rs 1100: Emkay Global Financial

Emkay Global Financial is bullish on Tejas Networks has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated April 23, 2024.