New Delhi: Shyam Metalics and Energy Limited (SMEL) has announced a fresh investment of ₹2,700 crore to add to its high-margin product portfolio. This investment is part of its ₹16,060 crore capital expenditure pipeline, with ₹8,700 crore already deployed. This fresh investment will come through internal accruals, supporting the company’s expansion plans scheduled for the next 3-4 yeara Strategic Projects: Targeting Premium Segments With this, SMEL is venturing into Special Bar Quality (SBQ) steel, as the company looks to set up a 8,00,000 TPA Special Bar Quality (SBQ) and Specialty Wire Rod & Bar Mill, marking its entry in the…
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: With global demand for energy surging, and the uncertain and periodical nature of demand affecting supply, discoms and utilities are increasingly opting for smart meters, as an energy efficient solution. According to a report by Polaris Market Research, the global electricity smart meters size will reach $9.5 billion by 2034, expanding by 16.91% CAGR. Drivers of Demand The demand for this growth has been fueled by several factors: Sustainability Goals: Governments are increasingly aligning their energy infrastructure with net-zero sustainability targets, prompting the adoption of technologies that reduce carbon footprints. Technological Evolution: The integration of AI, IoT, and…
Mumbai: Motherson Sumi Wiring India Limited (MSWIL) has reported strong financials for the quarter ended March 31, as the company has seen its revenues from operations rise 33% Year on Year from ₹ 2,510 cr to ₹3,335 this time. This reflects the trust and demand the company has received from major Original Equipment Manufacturers (OEMs). Consistent Long-Term Growth For MSWIL, this performance has been consistent over the years, with the company witnessing a Compounded Annual Growth Rate (CAGR) of 19.3% in revenues, outperforming general automotive market trends. Over the years, the company has continued to benefit from the transition to…
Mumbai: Fabtech Technologies International Limited reported a 22% year-on-year rise in income to ₹168.24 crore, as the company focused on expanding its long-term infrastructure capabilities rather than chasing aggressive quarterly revenue targets. The company’s net profits stood at ₹22.06 crore, even as its margins were affected by about 9-10% due to uncertainties following global geopolitical events. The company hopes that this would gradually ease by FY27 supported by operating leverage and scale benefits. Strategic Focus: “Building for the Future” The company is looking to expand its manufacturing and R&D as it looks to enhance its biocointainment and specialized HVAC systems.…
Kolkata: Websol Energy Systems Limited, a Kolkata-based manufacturer of high efficiency solar cells and modules, has announced a stellar set of financial results for the quarter ended March 2026. This includes a 157.9% jump in Profit After Tax (PAT) to ₹ 125 crore from ₹48 crore in the same period last year, while revenues rose from ₹173 crore to ₹401 crore, a 132.1% rise, during the same period. Efficiency and Capacity: The Twin Growth Engines Throughout 2025, the company has worked towards upgrading its technology and production lines to meet the surging demand for solar cells and modules. This has…
San Francisco, USA: Mark Zuckerberg-led Meta Platforms’ ambitions to become one of the leading AI players hit a major roadblock after Chinese authorities blocked its attempt to acquire AI startup Manus. The Chinese startup has been on a roll recently, as it scaled to its operations to almost $100 million in just eight months. The deal had earlier raised eyebrows, as it was founded in China but later relocated to Singapore. Mark Zuckerberg was expecting to pay almost $2 billion for the startup, as a strategic move as the company was looking to integrate Manus’ virtual assistant operations to Meta’s…
New Delhi: With the heatwave gripping north and central India, shares of air conditioner manufacturers and power utilities have surged up to 4% on Monday, April 24. This comes as the markets continue to anticipate higher demand for power and cooling systems. The Power Play: Meeting Record Demand The main beneficiaries of this market surge have been power generation and transmission firms where increased demand for cooling systems will force the national power grid to hit its peak demand for the summer. NTPC and Tata Power have gained significantly due to this surge, rising 1.31% and 1.77% resopectively. Amongst transmission…
Florida, USA: Donald Trump’s signature brand is taking a beating, and even the world’s most powerful man has been forced to take desperate measures. Over the past weekend, widely publicised reports showed how the President hosted a lavish conference and dinner at his Mar-a-Lago residence in Florida, specifically targeting high net worth holders of his memecoin $TRUMP. Launched in January 2025, this memecoin was launched by the President as a medium to raise funds, engage supporters and boost the crypto industry, even though this remained a highly controversial move. Within less than a month, the coin was worth $27 billion,…
73,200. That’s the number of people who’ve lost their jobs this year. Many of them tied their financial security, dreams, aspirations, and future self-worth to their designations and took pride in what they did. But the companies they worked for- Oracle, Facebook, Meta, Disney, and many others- decided they didn’t need them anymore, as AI-led automation or cost-cutting measures were cited as reasons to let them go. If you are one of them, you need not worry. The skills you’ve spent years mastering- both technical and otherwise- continue to be relevant, even though they can be applied elsewhere. Here we’ll…
Hyderabad: Sigma Advanced Systems, a subsidiary of Megasoft Limited, has signed a seven year agreement with Rolls Royce valued at £300 million (roughly Rs 3800 cr), to supply critical aero-engine components for Rolls Royce’s civil and defence aerospace programs. This deal remains marks the Hyderabad-based company’s success in moving toward becoming an integrated global supplier, rather than a location specific one, with production spread across India and the UK. Strengthening the Global Supply Chain Under the deal, Sigma will manufacture and supply high precision components vital for the efficiency and performance of modern jet engines, while allowing Rolls Royce to…
