Synopsis: India’s competition watchdog has found evidence suggesting that several cement manufacturers may have colluded to rig tenders issued by ONGC over more than a decade. The probe, triggered by identical bids in a 2018 tender, points to coordinated pricing,...
Synopsis: Private insurers are gradually eroding the dominance of PSU players in India’s general insurance sector as strong growth in retail health, motor, and SME segments boosts their premium collections. While PSU insurers like New India Assurance still lead in...
Synopsis: BSE has announced a reshuffle of several indices effective March 23, bringing companies like PhysicsWallah, Pine Labs, Piramal Finance, NSDL and Anthem Biosciences into focus. Changes will also occur in the Midcap Select and Smallcap Select indices. Such...
Synopsis: Shares of seven companies are in focus after they secured fresh orders worth nearly Rs 329 crore across infrastructure, telecom, IT hardware, and energy sectors. Niraj Cement Structurals led with orders worth Rs 179.65 crore, followed by Mason Infratech,...
Synopsis: Shares of Meesho hit 10% L.C after the Income Tax Department issued a tax demand of about Rs 1,499.73 crore for AY 2023–24. The company said it disagrees with the assessment and plans to challenge it legally. Despite the notice, Meesho stated the order is...
Synopsis: CASA ratios are a key indicator of a bank’s funding strength, and a decline can increase borrowing costs. IndusInd Bank, Karur Vysya Bank, and CSB Bank have recently reported falling CASA ratios alongside pressure on asset quality indicators. These trends...
Synopsis: Brokerages Motilal Oswal and Bank of America highlight multiple growth drivers for Aditya Birla Capital, including expansion in lending, housing finance, and MSME credit. Improving asset quality, stronger credit demand, and operational efficiencies are...
Synopsis: Azad Engineering has emerged as a key supplier to global aerospace and energy giants such as Honeywell, Siemens Energy, GE Vernova, and Mitsubishi Heavy Industries. Its precision manufacturing capabilities and high entry barriers have enabled long-term...
Synopsis: NephroPlus, Asia’s largest dialysis network, operates 520+ clinics across 325+ cities, serving 36,000+ patients globally. With over 50% share of India’s organised dialysis market, strong EBITDA margins, and an asset-light model, it combines scale,...
Synopsis: The Karnataka Budget 2026–27 outlines a development-focused plan with a total outlay of Rs 4.48 lakh crore, balancing welfare spending with investments in infrastructure, agriculture, education, and renewable energy. Key initiatives include Bengaluru...
