In preparation for Muthoot Fincorp’s (MFL) planned initial public offering (IPO), the Securities and Exchange Board of India (SEBI) has allowed six Muthoot family trusts to reorganise internally as promoters without having to make an open offer for the planned indirect acquisition of shares in Muthoot Microfin. Preethi John Muthoot (MF) Trust, Nina George (MF) […]
The Indian government is looking to boost the electronics manufacturing ecosystem in the country and provide more tax certainty by extending the tax exemptions for foreign companies that sell machinery and equipment to contract manufacturers until March 31, 2041. Companies around the world that provide contract manufacturers in India with expensive machinery stand to gain […]
NTPC, the biggest power producer in India, plans to devote approximately Rs 17 trillion over the next ten years to increase its installed power generation capacity by a factor of three by FY37. The country’s dedication to achieving a balance between energy security and decarbonisation, as well as its rapidly growing industrial base, are reflected […]
The Corporate Laws (Amendment) Bill, 2026 is being reviewed by the Joint Committee of Parliament (JPC), which has proposed a number of changes to streamline corporate compliance, make it easier to do business in India, and improve the country’s system of corporate governance. Having reviewed proposed changes to the Companies Act, 2013 and the Limited […]
Faster payments to MSMEs through mandatory invoice routing on the Trade Receivables Discounting System (TReDS), time-bound dispute resolution, and stronger enforcement of payment awards are all provisions of the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, which was passed by the Rajya Sabha on Monday. The proposal aims to reform the MSME Development […]
Lohia Aerospace Systems is committed to staying at the forefront of composite manufacturing technology. Today we are announcing that we have signed a Memorandum of Understanding with Massivit — the global leader in large-format additive manufacturing — establishing a Joint Manufacturing Alliance to bring their technology to India for the first time for composite tooling […]
The Promoter Group of Rossell Techsys Limited (NSE/BSE: ROSSTECH) welcomes Kotak Mutual Fund, one of India’s leading institutional investors, as a shareholder in the Company through the acquisition of a portion of the promoter shareholding. This transaction reflects growing institutional interest in Rossell Techsys and its position as a trusted engineering and manufacturing partner to […]
Apple and other multinational electronics businesses are likely to reap the benefits of India’s plan to extend tax breaks for foreign corporations that sell machinery and equipment to contract manufacturers until 2041. To encourage investments in export-oriented industry and provide long-term policy certainty, the idea is part of draft tax reforms. This year’s Union Budget […]
Garden Reach Shipbuilders & Engineers (GRSE), a state-owned shipyard, has added four Offshore Support Vessels (OSVs) to its commercial shipbuilding order book with a Rs 1,032 crore contract from Oil and Natural Gas Corporation (ONGC). The oil major’s offshore logistical and operational skills would be enhanced by the contract, which was granted to ONGC after […]
In a move that would strengthen India’s infrastructure collaboration with the African island nation of Seychelles and expand its worldwide footprint, the state-owned construction company NBCC (India) has been awarded a contract to produce 1,008 affordable housing units. The Export-Import Bank of India (EXIM Bank) has provided a line of credit of USD 75 million […]
