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15 Nov

Navi Mumbai Airport To Begin Commercial Flights

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Mumbai’s second airport, the Navi Mumbai International Airport (NMIA), inaugurated earlier by Prime Minister Narendra Modi, is gearing up for commercial operations. Akasa Air has become one of the first carriers to announce flights from the new airport, with its inaugural service scheduled for December 25, 2025. In a post on X, Akasa Air said its first flight from Delhi will land at NMIA on Christmas Day, marking a significant milestone for the airline. It will initially offer services from Navi Mumbai to Ahmedabad, Delhi, Goa, and Kochi. The airline stated that flights to Goa will also begin on December…

12 Nov

Tata Power planning 10 GW solar wafer and ingot capacity

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Tata Power plans to establish a 10GW wafer and ingot manufacturing facility, marking its entry into this segment, CEO and MD Praveer Sinha announced on Tuesday. The company currently operates an integrated solar module and cell manufacturing capacity of 4.9GW. Ingots and wafers serve as the essential base materials for producing solar cells. Sinha said Tata Power is finalizing the plant’s location and technology. In Q2 FY26, the company’s solar operations produced 928MW of cells and 970MW of modules. The initiative aligns with the government’s efforts to localize the solar module supply chain and reduce reliance on imports. With this…

10 Nov

Small-cap stock under ₹100 may soon declare ₹250 crore fundraise

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MIC Electronics shares traded almost flat on Monday after the company announced the date for its Extra-Ordinary General Meeting (EGM) to discuss fundraising plans. The smallcap stock slipped nearly 1% to ₹50.86 on the BSE. The industrial products manufacturer informed exchanges that its EGM will be held on Monday, December 1, 2025, at its Hyderabad office. During the meeting, shareholders will vote on two major fundraising proposals. The first involves raising up to ₹250 crore through a Qualified Institutions Placement (QIP) to Qualified Institutional Buyers, possibly in multiple tranches. The funds are intended for acquisitions, debt repayment, working capital, investments…

08 Nov

Pfizer acquires Metsera in $10 billion deal

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Pfizer Inc. has reached an agreement to acquire weight-loss drug startup Metsera Inc. in a deal valued at around $10 billion, following a competitive bidding battle with Novo Nordisk A/S, according to Bloomberg. Although the transaction has not yet been officially completed, the announcement positions Pfizer as the likely winner in securing the startup. Under the proposed terms, Pfizer will pay up to $86.25 per Metsera share, including an upfront cash payment of $65.60 per share and additional milestone-based payments of up to $20.65. Metsera’s board described the Pfizer offer as the most favorable deal for shareholders, noting it was…

04 Nov

India’s Exports To US Dip 37.5% During May-Sept

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India’s exports to the United States fell sharply by 37.5 percent between May and September 2025, dropping from $8.8 billion to $5.5 billion, according to think tank Global Trade Research Initiative (GTRI). The decline was broad-based, affecting key sectors such as pharmaceuticals, smartphones, metals, and automobiles. Pharmaceutical exports slipped 15.7 percent from $745.6 million in May to $628.3 million in September, while shipments of industrial metals and auto parts declined 16.7 percent to $0.5 billion. Aluminium exports were down 37 percent, copper 25 percent, auto parts 12 percent, and iron and steel 8 percent. GTRI co-founder Ajay Srivastava noted that…

16 Oct

Indian stock market: key things that changed for market overnight

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Indian stock market indices Sensex and Nifty 50 are likely to open higher on Thursday, tracking positive global cues. Asian markets advanced, while US indices closed mostly in the green following strong earnings from major banks. On Wednesday, domestic markets extended gains, with Sensex rising 575.45 points (0.70%) to 82,605.43 and Nifty climbing 178.05 points (0.71%) to 25,323.55. Ajit Mishra of Religare Broking maintained a bullish outlook, suggesting a “buy on dips” strategy above the 25,000 mark, with sectoral strength seen in banking, metals, and autos, while FMCG and pharma may lag. Across Asia, Japan’s Nikkei 225 gained 0.95%, Topix…

09 Oct

LG Electronics IPO day 3

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The Initial Public Offering (IPO) of LG Electronics India Ltd opened on October 7, 2025, and will remain open for bidding till October 9, 2025, offering investors just one day more to apply. The IPO is purely an Offer for Sale (OFS), with a price band of ₹1,080–₹1,140 per equity share. The company aims to raise ₹11,607.01 crore, and the shares are set to be listed on both the NSE and BSE. Currently, the Grey Market Premium (GMP) stands at ₹298—₹14 lower than the previous day. Analysts attribute this slight dip to profit booking in the secondary market but maintain…

08 Oct

Cabinet approves four multitracking projects to expand Railways network

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The Union Cabinet on Tuesday approved four multitracking projects under the Ministry of Railways, aimed at expanding the railway network across 18 districts in Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh. These initiatives are part of a broader plan to strengthen the Indian Railways infrastructure. According to the Cabinet Committee on Economic Affairs (CCEA), the total estimated cost of the projects stands at ₹24,634 crore, with completion targeted by the financial year 2030–31. Here are the project details: Wardha–Bhusawal (3rd & 4th lines) – 314 km (Maharashtra) Gondia–Dongargarh (4th line) – 84 km (Maharashtra & Chhattisgarh) Vadodara–Ratlam (3rd & 4th lines)…

07 Oct

Stocks to buy for short term!

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The Indian stock market posted weekly gains of around 1% for the week ending October 3, buoyed by the Reserve Bank of India’s (RBI) monetary policy update. While the RBI kept policy rates unchanged, its outlook on inflation and growth, along with the dovish tone of Governor Sanjay Malhotra, boosted market confidence. The Nifty 50 closed at 24,894 on Friday, nearing the key 25,000 mark, largely supported by strength in banking stocks. The Nifty Bank index rose over 2% during the week. Jigar S. Patel of Anand Rathi Share and Stock Brokers said the RBI’s balanced stance helped ease investor…

03 Oct

Sitharaman Links Pension Reforms To The Atmanirbhar Bharat Vision

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Finance minister Nirmala Sitharaman on Wednesday said that the success of Atmanirbhar Bharat, a self-reliant India, depends as much on financially self-reliant households as it does on industry, arguing that robust pension and retirement solutions must become the centerpiece of India’s social security framework. Speaking at a conference hosted by the Pension Fund Regulatory and Development Authority (PFRDA) in the national capital, the finance minister said the recent reforms were aimed at addressing both the supply and demand sides of India’s pension framework, from the industry as well as the consumer perspective. Reforms to strengthen NPS India’s pension landscape is undergoing a…