Author: Abizar Attari
News Editor

Nagpur, September 14: Speculative reports that Solar Industries India is acquiring a company have been proven true. The Nagpur-based company has announced its intention to acquire South Africa-based Omnia Holdings Limited, a chemicals and explosives leader. The deal, valued at about US$1.355 billion, will strengthen Solar Industries’ core explosive and blasting solutions vertical by making it one of the biggest players in the field.  Through this acquisition, Solar Industries gains access to Omnia’s highly regarded BME explosives, electronic detoniation systems and digital blasting brands. Besides this, its Agriculture segment comes with its proprietary Nutriology and Agribio solutions. Solar Industries also…

There is a saying: not everything that glitters is gold. The virtue of patience for long term returns remains thin for Indian investors, most of whom get carried away by the false hope of quick returns. If you are ready to stop treating stocks as lottery tickets but as a money plant that requires consistent care and patience to bear fruit, the stock market can help you here. To invest money in the long term, say more than five years at least, in a stock that has the potential to offer compounding returns, you have to check these aspects of…

Mumbai, September 14: Shapoorji Pallonji Group chairman Shapoor Mistry is looking to raise ₹25,000 crore from the unlisted holding arm of the Tata Group as it looks to urgently settle its debt. The SP Group currently holds about 18.37% stake in Tata Sons, and is seeking ₹25,000 crore from the holding entity even as it looks to unlock its long standing stake in the group. Shapoor Mistry has reportedly submitted a formal proposal to Noel Tata, Chairman of Tata Trusts, with a strategy to unlock liquidity, even as Noel Tata tries to maintain Tata Sons’ guarded private-company status. With SP…

New Delhi, September 14: Satin Creditcare Network Limited’s (SCNL) investment arm Satin Growth Alternatives Limited (SGAL) has made its first investment in edible oil maker Indic Wisdom, the company said in a regulatory filing. Founded by Prajakta and Kaustubh Khare, Indic Wisdom manufactures wood-pressed oil and value-added products from native Indian oilseeds. SGAL has invested ₹5 crore in the women-led venture, which will be used to expand its omnichannel presence and to scale up its manufacturing capacity over the next two years.  The investment is a combination of Non Convertible Debentures (NCDs) and Compulsorily Convertible Preference Shares (CCPS) as SGAL…

Hyderabad, September 10: Sigma Advanced Systems has officially started production at its new aerospace production manufacturing facility in Sri City, Andhra Pradesh replicating the same from its UK facility.  The company managed to complete the feat in a record eight months, from breaking the ground to moving to production for the 75,000 sq ft facility. Sigma Advanced Systems aims to reach production capacity of about 1,00,000 machining hours for the first phase, reaching 3,00,000 hours eventually. The dedicated aerospace manufacturing facility aims to complement its UK operations, adding further manufacturing capacity for aerospace critical processes. With this, the company aims…

Pune, September 10: Kolte-Patil Developers Limited(KPDL), a leading real estate developer in Pune and Mumbai, has witnessed its strongest-ever project launch, with over 600 bookings witnessed in less than 3 days. The company’s new project in Vadgaon, spread over 20 acres with riverside and hillside views, has been the best KPDL has witnessed so far, with robust demand for high-quality residential properties in the city.  The total sales value has exceeded ₹600 crores for the first phase of its ‘Vyana at The Reserve’ project, that offers scenic views of the NDA hills, large open spaces and thoughtfolly designed residences. The…

New Delhi, September 9: With inadequate rains affecting crops, your weekly grocery bills are expected to be more than 7% costlier this year, as per estimates by ICRA. The GST rate cuts may not offer much respite, as economists say food inflation higher than 5.5% is ‘very much on the cards’ for the coming months, up to October this year.  With the rainfall remaining deficient to below 15% across key agricultural belts, this has disrupted the Kharif crop and constrained vegetable production. Weather agencies have projected El Niño conditions to remain strong until early 2027, affecting upcoming Rabi sowing cycles…

When you buy a phone, you usually also buy a case, headphones, or a charger for that model. When these mobile accessories need to be replaced, people often buy them on impulse, like at a roadside vendor selling cases for that particular device. Therein lies the problem- the mobile accessories market remains largely unorganized, with no known brand people can relate to. That’s what Ritvik Bansal aims to change. “India is one of the largest smartphone markets in the world, yet there was no single major organised brand offering premium, thoughtfully designed tech accessories at scale. I also noticed that…

Mumbai, September 09: Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises Limited (AEL) has entered into a binding agreement to raise Rs.9.825 crore (about $1 billion( from leading institutional investors Temasek Holdings, Premji Invest and Alpha Wave Global. This would give the investors about 5.54% in AAHL as Adani aims to expand and modernize its positon as India’s leading airport infrastructure provider.  With demand for air travel surging nationwide, AAHL is aiming to expand its position in the market by bidding for greenfield airports, upgrading existing airports and developing infrastructure around it. The company aims to develop about…

New Delhi, September 09: Coforge’s shares fell more than 4% in early morning trades on Wednesday after the abrupt resignation of its Chairman Om Prakash Bhatt. This comes after an internal audit revealed that he had withheld information in the audit evaluation process, and resigned even though the board hadn’t made a final decision in the matter.  This development has concerned investors, raising questions about corporate governance at the IT services firm. In regulatory filings, the company said the resignation was linked to ‘material reasons’ related to the evaluation of board members, a critical process that ensures transparency and accountability…