Author: Abizar Attari
News Editor

Kolkata, August 22: Passenger and freight rail manufacturer Titagarh Rail Systems Limited (TRSL) has commissioned a new Design and Operations Centre at its manufacturing plant in Uttarpara, Hooghly district, West Bengal. Inaugurated by West Bengal Chief Minister Suvendu Adhikari, the facility is aimed at strengthening the company’s engineering, product development, and design-led innovation capabilities. The new unit will primarily support Titagarh’s expanding portfolio of high-speed trainsets, Vande Bharat sleeper platforms, metro coaches, and propulsion systems. For Titagarh, this new facility is aimed at strengthening its commitment to ‘Make In India, for the World’ as the centre aims to support Titagarh’s…

Mumbai, August 21: Shares of Welspun Corp Limited surged up to 14% on Friday after the company announced its largest-ever single contract: a $1.8 billion (approximately ₹17,200 crore) order to supply line pipes from its manufacturing operations in the United States. With this landmark deal, Welspun Corp’s global order book reaches a record high of $4.4 billion (around ₹42,100 crores), the company said in a press release. This massive contract involves manufacturing and supplying pipes from Welspun’s major facility in Little Rock, Arkansas. The order is up for execution up to Fiscal Year 2029. While Welspun didn’t divulge the client’s…

Mumbai, August 21: Shares of GACM Technologies Limited, a penny stock, reached upper circuit after the company raised ₹49.50 crores through a Qualified Institutional Placement (QIP). The micro cap technology firm has been widely admired by the markets recently, as it has given an almost 90% return in the past six months. With this QIP, GACM Technologies’ total paid up equity share capital reaches 159.77 crore shares from 110.27 crore shares, as it has allotted equity shares of ₹1 each. The shares were issued at about 49% premium, over the floor price of ₹0.67 per share, with Mauritius-based Minerva Ventures…

The Indian footwear industry has become increasingly crowded, with homegrown D2C brands, global brands, and fast fashion players competing for attention. Price remains the biggest factor deciding market share, forcing brands to align their strategies accordingly. But not Manhar Oberoi. The co-founder of artisanal shoe brand Coral Haze has taken a standout position from the rest. “We’ve never bought into the idea that louder wins. Footwear is already screaming for attention from every direction,” Manhar says. “We’re not interested in that race,  not the branding theatrics, not the trend-chasing, not the “copy it before someone else does” scramble. For him,…

As we celebrate Entrepreneur’s Day today, we talk to those who’ve led teams and worked tirelessly to fulfill their dreams. They explain the wishes and hopes they have as entrepreneurs, and their perspectives on starting up and getting things done, despite the immense challenges on the path to reach their goals.  Harshvardhan Chauhan, Founder & CEO, Mountaintribe Foods Pvt Ltd Entrepreneurship, to me, has never been about simply building a business. It has been about having the courage to believe in an idea before there is any proof that it will work. When I started my journey, I didn’t have…

Mumbai, August 21: Shares of industrial chemical manufacturer Indo Borax and Chemicals Limited have surged more than 5% from Thursday, August 20, after its board approved the acquisition of 64.26% in specialty fine chemical maker  Kronox Lab Sciences Limited.  “The Board of Directors of Indo Borax & Chemicals Limited at its meeting held today, August 20, 2026, has approved the acquisition of 2,38,44,000 equity shares representing 64.26% of the paid-up share capital of Kronox Lab Sciences Limited for an aggregate consideration of ₹2,46,11,77,680 from the sellers,” Indo Borax said in a press release. Following the news, Vadodara-based Kronox Lab Sciences…

Mumbai, August 20: Shares of India’s largest private sector lender, HDFC Bank Limited, rose nearly 2% in early trades on Thursday after the Reserve Bank of India (RBI) approved  Life Insurance Corporation of India’s (LIC) application to increase its stake in the bank up to 9.99%. This approval has granted the state-backed insurance major room to acquire additional voting rights and share capital, though LIC is not expected to execute the entire transaction immediately. Currently, LIC holds a 4.11% equity stake in HDFC Bank.  With this, LIC is likely to deploy its long-term policyholders funds into HDFC Bank, rather than…

Kabhi kabhi jeetne ke liye kuch haarna bhi padta hai … aur haar kar jeetne waale ko baazigar kehte hai  This Shah Rukh Khan dialogue has been often quoted with those who managed to snatch victory from the jaws of defeat, and one man has managed to do just that, though he didn’t live long enough to see it in front of his eyes. This man has made his name in the annals of history and is widely cited as an example to emulate. His name is Tulsi Tanti, the founder of Suzlon Energy, the wind energy provider who became…

Mumbai, August 20: After falling below the $60,000 mark two months ago, encouraging demand from investors has shown Bitcoin rallying toward the $70,000 mark. This surge has come after the US Treasury Department’s unexpected announcement of buying back government bonds to support market liquidity, amid rising expectations of a Federal Reserve rate cut soon.  This development has encouraged investors to reconsider cryptocurrency, as the US government now has to prioritize market liquidity over rising bond yield rates. The surge in interest has also triggered a massive short squeeze, with over $1.9 billion in leveraged short positions being wiped out across…

New Delhi, August 20: Home service marketplace Urban Company has partnered with e-commerce enablement SaaS platform Unicommerce eSolutions Limited  as it looks to strengthen its presence in Saudi Arabia and the Middle East after winding down its subsidiary there in June this year. Under this partnership, Urban Company will deploy Unicommerce’s Uniware platform to coordinate real time inventory visibility, warehouse management and fulfillment routing across Saudi Arabia and the UAE. “The Middle East is an important growth market for us, and operational excellence is key to delivering a reliable experience for our customers. Having seen the value of Unicommerce’s platform…