Steel products maker Goodluck India Ltd on Friday (June 19) said its subsidiary Goodluck Defence and Aerospace Ltd has secured an order worth approximately ₹255 crore for the supply of 155mm long-range empty shells in ready-to-fill condition. The order involves the manufacturing and delivery of 155mm long-range empty shells, subject to successful inspection by the…
Auto components major Bharat Forge Ltd on Friday (June 19) said it has signed a ₹425 crore contract with the Ministry of Defence for the supply of Gas Turbine Generators (GTGs) to the Indian Navy for onboard power generation on Kolkata-class ships. The contract will be executed over a period of five years and has…
Volatility defined this shortened trading week, with stocks rising on both Monday and Tuesday, boosted by a potential peace deal between the US and Iran. On Wednesday, fears of a potential rate hike in 2026 sent stocks lower. The major averages bounced on Thursday, with all three indexes ultimately ending the week higher. Stocks closed…
Vikram Solar Ltd on Friday (June 19) said the National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an insolvency petition filed by Isitva Steels Private Limited against the company under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition relates to alleged non-payment of dues arising from civil works subcontracted in 2018…
The Securities and Exchange Board of India (SEBI) has approved a new mechanism aimed at reducing the time taken to introduce Alternative Investment Fund (AIF) schemes, paving the way for quicker deployment of capital across sectors such as start-ups, private credit, infrastructure and unlisted businesses. The initiative, known as the Green-Channel: AIF Rollout Upon Document…
SBI Mutual Fund, India’s largest asset manager, is planning to launch its much-anticipated initial public offering (IPO) in the first week of July. The company, meanwhile, is already receiving the Sebi final observations, ETMarkets reported, as told by people familiar with the development. According to sources, the fund house is targeting an early July launch,…
Reliance Industries Ltd. (RIL) is targeting 40 billion units of green electricity generation annually, executive director Anant Ambani said at the company’s 49th annual general meeting on Friday, June 19. Anant Ambani announced a slew of measures the conglomerate is set to take this fiscal year onwards, focusing on building the world’s first fully sovereign…
Jio Platforms Ltd., the telecom unit of Reliance Industries Ltd. filed its draft IPO papers with market regulator Securities & Exchange Board of India (SEBI) on Friday, June 19. The IPO will be a fresh issue of 27 crore shares. There is no Offer For Sale (OFS) component, meaning all the proceeds will go to…
SEBI Board Meeting Live Updates: Securities and Exchange Board of India board meets on Friday to likely consider key market reforms, including open-market buybacks, AIF clearance reforms and mutual fund borrowing relaxations, aimed at improving efficiency, liquidity and regulatory ease across capital markets. SEBI Board Meeting Live Updates: Securities and Exchange Board of India board…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
