News Overview

The contract was valued at $18 Million. The company said that it expects to execute the contract within a period of 6-8 months from the receipt of advance.

As part of the deal, the company will acquire 1 million equity shares at 5.05 pound per share, subject to the completion of agreed conditions.

The first order, worth ₹45.22 crore, comes from Mazagon Dock Shipbuilders for the supply of B&D spares for AC plants onboard P17A class ships and turnkey HVAC systems.

The investment falls within a pre-approved limit of ₹8.00 crore, sanctioned by the CAMS board.

The IE5 range is the first in India built on proven induction motor technology without the use of rare-earth metals.

The order pertains to the supply of smart meters and will be carried out in line with the terms and conditions of the purchase order and notification of award.

For the April–June quarter of FY26, performance remained muted with overall sales volumes rising only 0.5% from a year earlier.

As part of the plan, the Shipbuilding Financial Assistance Scheme (SBFAS) has been extended till March 31, 2036, with a ₹24,736 crore allocation

Since joining the group in 2019, Anand has steered Piramal’s transition from a wholesale real estate lender into a diversified non-banking finance company.

FOMC member Michelle Bowman suggests that rate cuts must have started in July rather than September