BDL and L&T to Build Pinaka Mk-III with DRDO; contract Could Exceed Rs 25,000 crore

In a major boost to India’s indigenous defense capabilities, Bharat Dynamics Limited (BDL) and L&T Defence are set to jointly develop the next-generation Pinaka Mk-III multi-barrel rocket launcher system in collaboration with the Defence Research and Development Organisation (DRDO). On the development, Bharat Dynamics traded higher with gains of over 1 per cent at Rs…

Stock market update: Nifty holds above 25,100; IT, Metal stocks lift sentiment while banks lag

Indian equity benchmarks remained range-bound in Tuesday’s afternoon trade, reflecting mixed sentiment across sectors. As of 2:31 PM IST, the Nifty 50 was up 18.50 points (0.07 percent) at 25,121.70, holding above the 25,100 mark. The BSE Sensex hovered flat, inching up just 0.38 points to 82,445.59, indicating muted investor activity. Sectoral trends were mixed,…

Indian corporates to double capital spending to $800-$850 billion over next 5 years

Indian corporates are projected to double their capital spending to $800 billion-$850 billion over the next five years, which will be largely financed by operating cash flows and facilitated by ample domestic funding options, said an S&P Global Ratings report on Tuesday. Barring execution mistakes or negative macro changes, these investments should boost business scale…

Murae Organisor Ltd accumulates agro commodity supply orders up to Rs 297 crores

Highlights:- Strategically expanding into the agro-industrial sector by planning to acquire agricultural land in Kutch, Gujarat, for the cultivation of high-quality pomegranates. To invest around Rs 20–25 crore in the agri venture to cultivate high-quality pomegranates and establish a state-of-the-art distillery facility. The company seeks to tap into underexplored-yet-lucrative market segments, potentially leading to improved…