Jatin Kumar Nayak takes over as chairman and managing director of IREDA
Jatin Kumar Nayak has assumed the top job at India's Indian Renewable Energy Development Agency, according to a company statement reported by Moody's.
2 sources · Moody's
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Noel Tata challenges Tata Sons board minutes and seeks removal of Chandrasekaran reappointment
Noel Tata asks Tata Sons to strike the reappointment of Chandrasekaran from board minutes and disputes the validity of the decision.
1 source · Moody's
IDBI Bank sale: staff service terms to stay unchanged, DIPAM secretary says
India's government says employee service conditions and pension commitments at IDBI Bank will not change after the sale to Fairfax Financial.
1 source · Moody's
Tata Chemicals weighs next steps after Kenyan court ruling on Magadi dispute
Kenya's High Court has ruled it lacks jurisdiction over a dispute involving Tata Chemicals' Kenyan subsidiary, and the company is weighing its legal options.
1 source · TradingView
India meets its asset sale target but plans further state stake sales
According to Moody's, India's government will keep selling state assets through OFS deals and cutting stakes in public-sector banks despite meeting this year's goals.
1 source · Moody's
UNIECOM: consolidated first-half revenue rises to Rs 1,104.48 million
According to TradingView, UNIECOM reported first-half revenue of Rs 1,104.48 million and net profit of Rs 110.66 million. A new Company Secretary took office October 23.
1 source · TradingView
India orders Rs 770 crore low-level radars from BEL for its Army
Moody's reports India's Defence Ministry signed a Rs 770 crore contract with BEL for improved low-level radars that detect fighter-sized targets and drones.
1 source · Moody's
Rubio and Gor tour Reliance's Jamnagar refinery as energy talks advance
US Secretary of State Marco Rubio and Ambassador Sergio Gor visited Reliance's Jamnagar complex, where talks covered energy partnerships and power for data centres.
2 sources · Moody's
Indian shares set to open higher as Jio Platforms IPO takes focus
GIFT Nifty futures point to a positive start in India as investors turn to the record Jio Platforms share sale, Reuters reports.
1 source · Reuters
Rubio heads to India for talks on trade deal, energy and defence
US Secretary of State Marco Rubio begins a three-day visit to India, with energy, trade, defence and West Asia on the agenda, according to Moody's.
1 source · Moody's
Reliance to discuss Texas refinery with US officials; Jio IPO size cut 14%
US Secretary of State meets Reliance in Jamnagar on the Brownsville refinery, part of a $300B partnership; Jio Platforms IPO size cut about 14%.
1 source · TradingView
Rubio's India trip skips Delhi for Mumbai and Reliance's Jamnagar hub
US Secretary of State Marco Rubio visits India October 18-22, with Mumbai and Jamnagar stops and a meeting with Jaishankar set for October 20, per TradingView citing Mint.
1 source · Moody's
Rubio's India trip could seal Reliance's Texas refinery deal
Expert Robinder Sachdev says Marco Rubio's visit to Jamnagar aims to make Reliance's Brownsville refinery investment official ahead of US midterms.
2 sources · Moody's
India's Financial Services Institutions Bureau to be headed by former MSME secretary SCL Das
India's government named seven members to the Financial Services Institutions Bureau, with Subhas Chandra Lal Das as part-time chairman for three years.
1 source · Moody's
IDBI Bank sale: India's finance minister says staff concerns were addressed
India's finance minister of state says employee interests are covered in the share purchase deal for IDBI Bank, with several bids received. Reported by TradingView.
1 source · Moody's
Former official urges pause on IDBI Bank stake sale pending inquiry
Former Indian government secretary EAS Sarma asks that the Rs 52,878 crore IDBI Bank stake sale be held in abeyance until an independent probe.
1 source · Moody's
India signs Rs 4,106 crore defence deals for satellite and torpedoes
India's Ministry of Defence has signed contracts worth about Rs 4,106 crore for Air Force satellite communications and Navy heavy torpedoes.
1 source
Defence Ministry signs Rs 4,106 crore deals for GSAT-7C satellite, Varunastra torpedoes
India's Ministry of Defence has signed contracts worth about Rs 4,106 crore for the GSAT-7C communication satellite and Varunastra anti-submarine torpedoes, both built domestically.
2 sources
NMDC Steel stock climbs over 6% as Indian equities rally
Shares of NMDC Steel rose more than 6% on Thursday amid a broad market rally in India, while analysts cited by Mint flagged weak chart signals.
1 source · Support, resistance