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By Gurminder Mangat , 9 April 2025
inox

INOXGFL Group Secures Land Allocation in Odisha for Major Solar Manufacturing Plant

INOXGFL Group has made significant strides in advancing India’s renewable energy goals with its recent land allocation in Odisha for a state-of-the-art solar cell and module manufacturing facility. The proposed 4.8 GW solar cell and 4.8 GW solar module manufacturing plant will be set up in Dhenkanal, contributing to India's green energy transition and fostering economic growth in the state. With a Rs 4,000 crore investment, the project is poised to create over 3,400 jobs, reinforcing INOXGFL's role in shaping India’s sustainable energy future.

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  • Power
By Kirti Srinivasan , 9 April 2025
bank

Bank of Maharashtra Reports Strong 17.84% Credit Growth Amidst Robust Deposits in Q4 FY24

Bank of Maharashtra (BoM), a state-owned lender headquartered in Pune, has reported impressive financial results for the January-March quarter of FY24. The bank witnessed a robust 17.84% growth in credit, reaching Rs 2.40 lakh crore, compared to Rs 2.03 lakh crore in the same period last year. Additionally, the bank's total deposits surged by 13.45% to Rs 3.07 lakh crore, contributing to a 15.3% increase in total business.

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  • Banking
By Manbir Sandhu , 9 April 2025
keystone

Keystone Realtors: Demonstrating Resilience with Robust Growth in Sales and Strategic Expansion

Keystone Realtors Ltd, one of Mumbai’s prominent realty firms, has reported impressive growth for the 2024-25 fiscal year. The company saw a 1% increase in sales bookings for Q4 FY24, totaling Rs 854 crore, reflecting sustained demand in India's housing market. For the full fiscal year, Keystone’s sales bookings surged by 34%, reaching Rs 3,028 crore, a substantial year-on-year increase.

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  • Real Estate
By Manbir Sandhu , 9 April 2025
revolt

Revolt Motors Plans Aggressive Expansion, Targeting 400 Dealerships by FY26

Revolt Motors, the electric vehicle (EV) arm of RattanIndia Enterprises, is accelerating its growth strategy in India with an ambitious goal of expanding its sales network to 400 dealerships by the end of FY26. Having already doubled its reach to 200 locations in the last two years, Revolt plans to extend its footprint into Tier 2 and Tier 3 cities, catering to the rising demand for electric vehicles beyond major metropolitan areas.

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  • Automobiles
By Kirti Srinivasan , 9 April 2025
alcatel

Alcatel Returns to India with $30 Million Investment and Bold Plans for Market Growth

Alcatel, the French technology brand operated by TCL Communication under a trademark license from Nokia, is set to re-enter India’s mobile phone market after a seven-year hiatus. With an initial investment of USD 30 million (approximately Rs. 260 crore), Alcatel is focused on producing locally-made smartphones aimed at competing in the country’s competitive market. The company has ambitious plans to cater to India’s burgeoning tech-savvy consumer base, leveraging a strong supply chain and digital-first strategy to carve out a significant presence.

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  • Technology Sector
By Gurminder Mangat , 9 April 2025
tarrifs

Singapore Responds to US Tariffs with Task Force to Safeguard Economic Stability

Singapore has established a national task force to mitigate the effects of sweeping US tariffs, which Prime Minister Lawrence Wong warned could disrupt economic growth, jobs, and wages. The tariffs, set to go into effect in April 2025, impose a universal 10% duty on all imports into the US, with higher rates for countries viewed as treating the US unfairly. The task force, led by Deputy Prime Minister Gan Kim Yong, will help Singapore’s businesses and workers adjust to these new global challenges.

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  • Economy
By Kirti Srinivasan , 9 April 2025
ola

Ola Electric Clarifies February Sales Numbers Amid Speculation: What Investors Need to Know

Ola Electric Mobility, one of India’s leading electric vehicle manufacturers, has recently addressed concerns regarding its February 2025 sales figures. In a statement released on Tuesday, the company clarified that its sales numbers reflect actual customer demand, not "token-amount bookings." The clarification comes after several media inquiries and unverified claims that circulated regarding the company's sales process.

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  • Automobiles
By Kirti Srinivasan , 9 April 2025
banks

The Future of Regional Rural Banks: A Strategic Consolidation Toward Operational Efficiency

The Indian government has moved forward with an ambitious consolidation plan for Regional Rural Banks (RRBs), aiming to streamline operations, improve efficiency, and enhance the financial health of these institutions. Beginning in May 2026, 15 RRBs across 11 states will merge into single entities, reducing the total number of such banks from 43 to 28. This step, part of the government’s long-term vision, promises improved cost rationalization and more effective service to rural populations.

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  • Banking
By Manbir Sandhu , 9 April 2025
brigade

Brigade Enterprises Ltd Expands Its Footprint with a New Housing Project in Mysuru

Brigade Enterprises Ltd, a prominent player in India's real estate market, is set to develop a 10-acre housing project in Mysuru, Karnataka, with an estimated revenue potential of Rs 225 crore. The company has entered into a Joint Development Agreement (JDA) for the land, which will include plots and apartments, covering a total development area of approximately 0.37 million square feet. This move is in line with Brigade’s strategy to capitalize on the growing demand for real estate in Mysuru, a city increasingly known for its improving infrastructure and cultural significance.

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  • Real Estate
By Gurminder Mangat , 9 April 2025
commo

India Seeks Greater Agricultural Market Access with Israel: Focus on Key Commodities

In a strategic move aimed at expanding agricultural trade, India has requested Israel to grant market access for a diverse range of agricultural commodities. During a recent bilateral meeting, Indian Agriculture Minister Shivraj Singh Chouhan and Israeli counterpart Avi Dichter discussed ways to increase the export of products like onions, garlic, turmeric, and several fruits, including mangoes and pomegranates.

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  • Agriculture

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