Indian Stock Market Daily Updates
The Asian Development Bank (ADB) and the Government of India have signed a $295 million loan to upgrade 265 kilometers of state highways in Bihar. The loan will be used to improve the road network in Bihar, which is one of the poorest states in India. The project will upgrade 265 kilometers of state highways … Read more
Larsen & Toubro (L&T) Construction has won an order worth ₹2,500 crore from Power Grid Corporation of India (PGCIL) for the construction of a 765kV double circuit transmission line in the state of Andhra Pradesh. The line will be part of the Southern Regional Load Despatch Centre (SLDC) grid, and it will help to improve … Read more
The Directorate General of GST Intelligence (DGGI) has alleged that casinos in Sikkim and Goa have avoided paying taxes worth Rs 10,000 crore. The DGGI has been investigating the casinos for several months, and it has found evidence that they have been misusing Input Tax Credit (ITC) and other tax loopholes. The DGGI has alleged … Read more
The Russian Quantum Centre (RQC) is looking to partner with Indian academic and research institutes to build quantum applications and hardware for public services. RQC is a non-government entity that was founded in 2012 by the Skolkovo Foundation. It is one of the leading quantum research centers in Russia. RQC is interested in partnering with … Read more
India’s space agency, the Indian Space Research Organisation (ISRO), successfully launched the LVM3 rocket and Chandrayaan-3 spacecraft on July 14, 2023. The launch took place at 2:35 p.m. IST from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. The LVM3 is India’s heaviest launch vehicle, and this was its seventh successful flight. The rocket … Read more
Panasonic, a major battery supplier to Tesla, is in talks to set up a manufacturing plant in India. The plant would be used to produce lithium-ion batteries for electric vehicles (EVs). The talks are still in the early stages, but Panasonic is reportedly looking at several locations in India for the plant. The company is … Read more
Premier Explosives, one of the leading manufacturers of explosives in India, has bagged an order worth Rs 552 crore from the Defence Ministry. The order is for the supply of bulk explosives for use in defence applications. The order is a significant win for Premier Explosives, as it will help the company to expand its … Read more
The Gujarat High Court on Friday dismissed Congress leader Rahul Gandhi’s review plea to suspend his conviction in a defamation case. The court upheld the conviction of Gandhi by a lower court in 2019. Gandhi was convicted in the case for making a speech in 2013 in which he accused the then Gujarat Chief Minister … Read more
Zen Technologies Limited, a leading provider of military training and anti-drone solutions, has bagged a Rs 160 crore order from the government of India. The contract comes under the government’s Indigenous Design and Development (IDDM) initiative, which calls for Indian intellectual property and more than 60 percent home-made content. The order is for the supply … Read more