New Delhi: Expanding its footprint in the high margin private freight sector, railway infrastructure major Juptier Wagons Limited (JWL) has secured two orders worth ₹264 crore. This includes an order for manufacturing 8 BLSS rakes (comprising 32 BLSS-A wagons, 352 BLSS-B wagons, and 8 brake vans) worth ₹141.44 crore to the Central Warehousing Corporation (CWC), Government of India, along with another ₹122.88 crore order for 5 BFNSM1 rakes and BVCM wagons for JSW (South) Rail Logistics Private Limited. Jupiter Wagons is required to supply these rakes within one year and seven months, respectively. With these two orders, Jupiter Wagons strengthens…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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New Delhi: In a major validation for Bharti Airtel, global rating agency S&P Global Ratings has officially enhanced the company’s unsecured debt rating from ‘BBB’ to ‘BBB+’ with a stable outlook. This comes after the company has spent years keeping its head above water, becoming the only surviving legacy company to take on Reliance Jio’s price undercutting juggernaut. The company, which made headlines in 2010 for its $10.7 billion acquisition of Zain Telecom’s African assets, has come a long way from the time when Africa remained a drag on its operations. Under Chairman Sunil Mittal, Airtel has spent 7 years…
In 2026, the AI wave, Aatmanirbhar Bharat and commercialisation of sport have been the central themes of this year’s Burgundy Private Hurun India list, which values India’s top 500 privately owned companies. According to the list, these companies have crossed an astonishing $3.4 trillion in value, putting India’s private sector ahead of nations like Canada, Spain or Indonesia’s GDP. Conglomerates retain positions Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank and TCS have emerged as the top 5 private companies on the list, with the combined value of the top 10 companies standing at ₹19.36 lakh crore, accounting for 27%…
Pune: Logistics provider Delhivery Limited has formalised a partnership with Bajaj Auto Limited to electrify its last-mile delivery vehicle fleet. Instead of fuel-guzzling cargo three-wheelers, Delhivery will be using custom-built electric cargo e-rickshaws to promote sustainable operations. Both the companies flagged off their first batch of 200 Bajaj RIKI eCarts as the company looks to expand its use across its network by 2026-27. Eventually, this would mean scaling up the fleet to 1500 such e-rickshaws across its network, including Tier 2 and Tier 3 cities. The Bajaj RIKI has been designed for reliable and durable on-road operations with low maintenance…
Vadodara: In a notable move, industrial lubricant manufacturer and distributor Maximus International Limited’s Board has approved a proposal to acquire 40% in Vadodara-based Quebec Petroleum Resources Limited for ₹18.43 crore. This marks the first step the company has taken to expand in the lubricant market. Maximus International has specialized in manufacturing and distributing automotive, industrial, and specialty lubricants to customers across the Middle East and Africa. The company now aims to leverage Quebec’s established manufacturing base, diversified product portfolio and distribution network that has been serving industrial customers and contractors across the country for over two decades. Quebec reported a…
Mumbai: The United States Food and Drug Administration (USFDA) has officially approached the Indian Drug Manufacturers’ Association (IDMA) to mitigate a critical nationwide shortage of life saving ifosfamide injection. The shortage came as a result of a technical disruption at a contract manufacturing site of Baxter International, a primary generic supplier of ifosfamide used for treating several cancers. As per a report by Reuters, this reduced capacity is expected to gradually improve through the year, as Baxter addresses the challenge at its site. Following the news, domestic companies supplying isofamide- Cipla, Zydus, Piramal Pharma, Alkem and others, surged after the…
Mumbai: Newly demerged residential developer Raymond Realty Limited has reported a 29% rise in operating income to ₹3,039 crores as the company witnessed strong pre-sales bookings. This has meant a 11% rise in consolidated net profit after tax to ₹304.59 crores as the company saw pre sale bookings rise on the back of strong market absorption for its premium projects in Wadala, Thane and BKC in the Mumbai Metropolitan Region. The company also benefited from the RBI repo rate reduction to 5.25%, which kept home loans affordable, while property registrations in Mumbai rose to a 14-year high. The company has…
Mumbai: A massive cybersecurity issue has hit India’s rapidly growing electronics manufacturing ecosystem. Tata Electronics, the company set up to assemble smartphones and electronics in India, has confirmed that it fell victim to a significant cybersecurity incident where almost 630GB or about 2,04,300 files of supplier specifications and manufacturing documents from Tesla and Apple have turned up on a hacker’s forum. Though various media outlets have claimed access to the documents, the authenticity, provenance and completeness of the data hasn’t been independently verified. “A few weeks ago, Tata Electronics identified a cybersecurity incident on some of our systems. Our response…
New Delhi: The global sugar market is all set to witness a shift as India is most likely to curtail exports this year due to the expected El Niño-led drought and the subsequent fall in production. According to a report by the Exencial Research Partners, sugar output has declined this year by about 18% from its peak in 2022, even as domestic demand has increased to record levels. According to the report, India’s sugar production has fallen to 29.3 million tonnes (MT) in FY25, an 8% year on year decline. This year, the El Niño-led drought challenge is expected to…
Mumbai: Leading industrial engineering and energy services major Asian Energy Services Limited (AESL) has bagged its first Engineering, Procurement, Construction (EPC) contract outside the Coal India group, worth ₹187.6 crore. Awarded by the state-owned Gujarat State Electricity Corporation Limited (GSECL), the contract involves modernizing the Coal Handling Plant (CHP) for Units 3 to 5 of the Ukai Thermal Power Station in Tapi district, Gujarat. The project timeline is about 2-3 years, involving end-to-end engineering, procurement, construction, and commissioning of the plant, which will be done on a lump sum EPC basis. Before this, Asian Energy, under its mineral infrastructure vertical,…
