New Delhi: Reliance Defence, a subsidiary of Reliance Infrastructure, has secured a ₹600 crore export order from Germany-based Rheinmetall Waffe Munition. This contract has helped the Anil Ambani-led company cement its presence as a reliable partner in the ammunition and defence supply chain in Europe Reliance Infrastructure-promoted Reliance Defence secures export order worth INR 600 crore from Rheinmetall, Germany’s leading defence manufacturer. (1/5)#AnilAmbani #MakeInIndia #AatmanirbharBharat #RelianceDefence #RelianceGroupIndia #Rheinmetall — Reliance Infrastructure (@RinfraOfficial) June 25, 2025 This development comes after Reliance Infrastructure signed a partnership with Rhinemetall for the supply of propellents and explosives earlier this month. “The strategic partnership with…
Author: Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
Mumbai: Aditya Birla Group’s flagship metals manufacturing company Hindalco has announced the acquisition of US-based AluChem Companies, which specialises in manufacturing low sodium tabular alumina. The acquisition, worth $125 million (Rs.1,075 cr) marks the first time an Indian company ventures into this niche segment, where these premium grade alumina materials are used in diverse applications in EVs, precision ceramics and semiconductors. The deal is set to close within 2-4 months, pending regulatory approvals. This is Hindalco’s third US acquisition, after the $6 billion Novellis purchase in 2007 and the $2.8 billion Aleris purchase in 2020. Currently, Hindalco has a capacity…
New Delhi: Industrial gases major Ellenbarrie Industrial Gases’ IPO has opened today, with 1.51 crores on offer in the price band Rs.380-400 per share. The lot size is 37 shares of Rs.2 face value and in multiples of that thereafter. 50% of the shares have been allocated for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and the remaining 35% for retail investors. The IPO includes a fresh issue of Rs.400 cr shares along with an offer for sale (OFS) component of Rs.452.53 crore. The company aims to use the IPO proceeds to repay Rs.210 cr outstanding debt, Rs.104.5…
Mumbai: Indian market regulator Securities Exchange Board of India (SEBI) has approved Tata Capital’s Rs.17,200 cr Draft Red Herring Prospectus (DHRP) that was filed confidentially in April this year. This makes it one of the largest IPOs in the financial services space this year, especially as HDB Financial Services and Hero FinCorp have their IPOs scheduled for June and July this year. Tata Capital has had to list on the bourses due to Reserve Bank of India’s (RBI) framework which classifies the company as an ‘upper layer’ NBFC required to list by September 2025. This classification will force the company…
New Delhi: Capillary Technologies, a Bengaluru-based firm offering managed SaaS loyalty solutions, has refiled its draft red herring prospectus (DRHP) with SEBI for a Rs. 430 crore IPO. The company aims to use the funds to invest in R&D, cloud infrastructure costs and other corporate expenses. The company, which turned profitable this year with a Profit After Tax (PAT) of Rs. 13.1 crore, has been loss-making for the previous three years. It has been cutting costs and shutting down multiple business verticals to mark its turnaround. Capillary Technologies India Limited has filed its Draft Red Herring Prospectus for an IPO!…
Hyderabad: State-run Bharat Sanchar Nigam Limited (BSNL) aims to disrupt the hyper-competitive internet broadband market with Quantum 5G FWA, a wireless 5G broadband service only for enterprise clients. Even though private players like Reliance Jio and Bharti Airtel have cornered 50% and 30% of the market respectively, BSNL’s 5G service comes without a SIM card using indigenous technology, according to a social media post on the company’s X handle. The biggest benefit here is the use of 5G for enterprise broadband without laying physical cables, a potential masterstroke move for internet accessibility in remote regions lacking broadband infrastructure. Hyderabad Witnesses…
New Delhi: Home services platform Urban Company has reached a major milestone, reporting its first-ever profit of Rs.239.7 crore in FY25 as it gears up for its Rs.19,000 crore IPO. The Gurugram-based company posted a revenue of Rs.1,144.5 crore for FY25, a 38% rise from last year. According to various reports, the company has achieved its profitability due to a one-time tax gain of Rs.211 crore. Despite this, the company has achieved a 22.4% YoY growth in its revenue from operations. The company has been expanding its operations across India and even globally since its inception in 2014, offering all…
New Delhi: The second round of hostilities between Israel and Iran after a year have fuelled concerns about oil prices and the resultant impact on inflation. Israel and Iran are engaging in retaliatory missile and drone attacks, but global experts aren’t worried about their effects on oil supplies, despite the recent rise in crude prices. Due to crippling US sanctions, most countries don’t buy Iranian oil, except China. Instead, most countries including India source their crude supplies largely from OPEC members like Iraq, UAE and Saudi Arabia, which continue to maintain their production commitments. There was no significant change in…
Mumbai: Haryana-based integrated solar pump manufacturer Oswal Pumps Ltd’s IPO was oversubscribed 34.14 times, showing massive interest from retail and institutional investors. The company raised Rs.1.387.34 cr with a 1.45 cr fresh issue of equity shares worth Rs.890 cr and 81 lakh Offer For Sale (OFS) shares worth Rs.497.34 crore. The Qualified Institutional Buyers (QIBs) quota was oversubscribed 88.08 times, while the Non-Institutional Investors (NIIs) quota saw bids for more than 36.70 times their allocated quota. The retail investor segment saw an oversubscription of 3.6 times its quota. Overall, the company received bids for 55.80 crore equity shares as against…
Mumbai: Retail midcap stock Vishal Mega Mart has witnessed a 9% drop in value as promoters have offloaded about 20% of its stake in the company. This translates to about 93.7 crore shares at Rs.115 per share, according to publicly available information. The fashion-focused retailer saw its share value drop to Rs.113 as the news surfaced, witnessing a steep decline in the share price after its listing in December last year. Even though the stock value jumped more than 40% after its listing, the company has remained one of the worst performers on the Nifty Midcap 100 index. Gurugram-based Vishal…
