Power Mech wins an O&M order from Talwandi Sabo Power, a Vedanta subsidiary, valued at Rs 865 cr.

On Thursday, Power Mech Projects Ltd. declared that it has secured an order from Talwandi Sabo Power Limited, a Vedanta Limited subsidiary, for the Operation and Maintenance (O&M) of a 3X660 MW supercritical thermal power plant in Punjab’s Mansa District’s Banawala Village. The company announced in a regulatory filing that it had received an order…

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Tata Power Renewable Energy gets the LoA from MSEDCL to create a 400 MW hybrid project.

The Maharashtra State Electricity Distribution Company Limited (MSEDCL), an arm of the Maharashtra government, has awarded a Letter of Award (LoA) to Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, for the development of a 400 MW wind-solar hybrid project in the state. The announcement was made on Wednesday. The company stated…

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Focus on the IT services sector: Solid deal wins in August suggest a turnaround in FY25

While the India IT services sector’s fiscal first quarter profits showed a wide rebound across all verticals and locations, suggesting stronger fiscal growth than the previous year, the industry continued to enjoy robust deal signings in August. “After recovering in the previous months, the 3M rolling sum of deal signings—a strong lead indicator of deal…

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In the first half of September, foreign portfolio investors (FPIs) invested Rs 27,856 crore in Indian stocks.

Because of the Indian market’s resiliency and expectations of a possible interest rate decrease by the US Federal Reserve, Foreign Portfolio Investors (FPIs) invested Rs 27,856 crore in Indian shares in the first half of September. Following a withdrawal of Rs 34,252 crore in April and May, FPIs have become aggressive buyers of Indian stocks…

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Swiggy’s forthcoming IPO will see a $600 million fresh issuance; the total amount could reach $1.4 billion.

According to internal documents, Swiggy, the fast-food delivery and e-commerce company, is preparing to raise about $600 million through a new issuance as part of its first public offering (IPO). From the $450 million that was originally stated, this represents a huge increase. The entire possible financing might be close to $1.4 billion when added…

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Foreign Investors invest Rs 25,000 crore in the IT, financial, and six other sectors In the second half of August.

Due to strong domestic valuations and volatility in the global market, foreign institutional investors (FIIs) engaged in a wave of significant selling during the first two weeks of August. However, later in the month, they turned their attention to purchasing, allocating Rs 25,000 crore across eight important sectors. With purchases of Rs 5,297 crore, consumer…

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