State-owned Bharat Heavy Electricals Ltd (BHEL) on Wednesday (June 3) said it has signed a contract agreement with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise for the execution of a project in Nigeria’s Dangote Industries Free Zone. The total consideration is in the range of ₹2,000-2,500 crore. The contract covers design, manufacturing, supply up…
Jain Irrigation Systems Ltd on Wednesday (June 3) said it has commissioned an industrial-scale high-tech biochar facility in Jalgaon, Maharashtra, developed with partners and positioned among the world’s largest single-unit biochar reactors. The facility has an annual processing capacity of around 20,000 tonnes of agricultural and fruit processing residue and handles more than 50 tonnes…
Global spending on artificial intelligence (AI) infrastructure is accelerating rapidly, with projected capex by the world’s largest hyperscalers jumping from about $400 billion earlier this year to nearly $700 billion now, according to Aloke Gupte, Global Co-Head of Equity Capital Markets at Citi. Gupte said investors across the world remain highly focused on the AI…
IT services firm LTM Ltd on Wednesday (June 3) has launched its Managed Secure Service Edge (SSE) solution at Cisco Live 2026, built on the Cisco Secure Access platform. The solution is designed for cloud-first and hybrid work environments and aims to help enterprises securely deploy generative AI, strengthen zero trust frameworks and simplify access…
Shares of Interglobe Aviation Ltd. climbed to the day’s highs on Wednesday, June 3, after the government approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund aimed at cushioning airlines from soaring jet fuel costs triggered by the West Asia crisis. According to details shared by the government, international ATF prices have climbed…
Indiabulls Ltd, which is into real estate and financial services, on Wednesday (June 3) has approved raising funds of up to ₹1,000 crore through the issuance of convertible warrants on a preferential allotment basis. The board cleared issuance of up to 51.55 crore warrants convertible into an equal number of fully paid-up equity shares at…
GST Tailwinds vs Inflation Shock Explained. (Image: ET Now) India’s consumption story has shown signs of improvement in the second half of FY26, aided by tax relief measures and a better macroeconomic environment. However, rising commodity prices triggered by geopolitical tensions in West Asia could test the sustainability of this recovery in the coming quarters,…
R Sivakumar, Chief Investment Officer at Axis Asset Management, believes the weakness in India’s economy is cyclical and not structural. He expects growth to improve as the impact of past fiscal tightening and interest rate hikes fades. Sivakumar said retail investors have shown remarkable discipline by continuing SIPs and increasing investments during market corrections. He…
State-run construction company NBCC India Ltd on Wednesday (June 3) said it has secured work orders worth around ₹83.24 crore, excluding GST, in the ordinary course of business. The company received a ₹39.99 crore order from Canara Bank for the construction of a residential building at Borivali West, Mumbai. NBCC also secured a ₹5.51 crore…
India’s largest low-cost carrier, IndiGo, on Wednesday (June 3), said it has suspended flight operations to and from Kuwait until 12 pm on June 4, 2026, due to the ongoing closure of Kuwait airspace. IndiGo said it remains in close coordination with relevant aviation authorities and is continuously monitoring the situation. The airline said flight…
