The central government has initiated consultations with key ministries and departments regarding the formation of the 8th Pay Commission (CPC). This initiative aims to revise the salary structure for approximately 5 million central government employees and 6.2 million pensioners. The establishment of the 8th Pay Commission is expected to have a significant impact on the ...
Introduction Rural Electrification Corporation (REC Ltd), a Maharatna company, has recently announced its quarterly results. On July 24, the company communicated its performance for the first quarter of the current financial year to the stock exchanges, showcasing significant developments and financial standings that reflect its ongoing commitment to rural electrification and energy projects across India. ...
In the first quarter of the current financial year, Acme Solar has reported a remarkable growth in its total revenue, showcasing significant progress in the solar energy sector. With a surge of 72%, the revenue stood at ₹584 crores, up from ₹340 crores in the same quarter last year. This growth indicates not only the ...
In recent developments within the financial markets, several companies have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their Initial Public Offerings (IPOs). Among these companies, notable names such as EdTech firm Physics Wallah and Satwik Green Energy stand out. This move signifies a growing trend towards public listings, ...
BEML Limited, a Mini Ratna company, has recently secured an order from the Ministry of Defence for the supply of High Mobility Vehicles 6X6. This development not only showcases the company’s role in supporting national defense but also highlights its commitment to enhancing the capabilities of the armed forces. Additionally, BEML Limited is planning to ...
Introduction Jaypee Associates has experienced significant fluctuations in its stock market price, with shares plummeting from ₹325 to a mere ₹3. This decline highlights the company’s challenging trajectory over the past 15 years. Recently, the Adani Group has shown interest in acquiring the company, seeking permission from the Competition Commission of India (CCI) to proceed ...
Recently, the State Bank of India (SBI) has taken significant action by classifying Reliance Communications, led by promoter director Anil Ambani, as a case of ‘fraud.’ This decision has triggered a chain of events, including the initiation of a complaint with the Central Bureau of Investigation (CBI). The ramifications of this classification have been felt ...
Introduction The Unique Identification Authority of India (UIDAI) has announced a significant update to the Aadhaar biometric registration process for children. This initiative aims to streamline the procedure by bringing it directly to schools, thus eliminating the need for parents to navigate through lengthy processes. The new facility is set to be rolled out in ...
Introduction In the financial landscape of India, major corporations like HDFC Bank, ICICI Bank, and Reliance Industries play a pivotal role. With the release of their financial results for the June quarter, investors are keenly analyzing the implications of these outcomes on the stock market. The combined weight of these companies in the index exceeds ...
The Adani Group has made a significant move by divesting its remaining 10.42% stake in AWL Agri Business for ₹3,732 crores. This decision marks the group’s complete exit from the company, reflecting a strategic shift in its business interests. The news has impacted the stock market, with shares of AWL Agri Business closing down by ...