Triveni Engineering & Industries Ltd has acquired an additional 36.34% stake in sugar firm Sir Shadi Lal Enterprises Ltd for Rs 45 crore, increasing its stake to 61.77%.

Triveni Turbine reported a 37% rise in consolidated net profit to Rs 76.2 crore in Q4 FY24, driven by higher revenues. The company also announced a final dividend of 130%.

Shares of Indian sugar companies fell by 3% after the government announced an increase in the minimum price for sugarcane, impacting companies like Rana Sugars, Mawana Sugars, and Shree Renuka Sugars.

Shares of sugar companies declined after the Indian government raised the Fair and Remunerative Price (FRP) for sugarcane to Rs 340 per quintal for the 2024-25 season.

Triveni Turbine's net profit surged 30% to Rs 68.30 crore in Q3 FY24, driven by higher income. Order bookings grew 27%, with exports contributing 53%.

Matter Group, an Indian EV and energy storage startup, secures $35 million in Series B funding led by Helena to scale up manufacturing, supply chain, and retail expansion.

JSW Infrastructure's subsidiary, JSW Tuticorin Multipurpose Terminal, has signed a concession agreement with V O Chidambaranar Port Authority for the development of North Cargo Berth-III.

Renewable energy firm ACME Solar Holdings Ltd has filed for a Rs 3,000 crore IPO, including a fresh issue of shares and an offer for sale. The company plans to utilize the proceeds for debt...

Sebi has mandated stock brokers to implement systems for detecting and preventing market abuse, including surveillance, reporting, and whistleblower policies. The new rules aim to curb fraudulent...

Federal Bank's loan portfolio grew by 20% in the first quarter, with retail credit book up 25% and wholesale credit book up 14%. Deposits also rose by 20% year-on-year.

Matter Group, an Indian EV and energy storage startup, secures $35 million in Series B funding led by Helena to scale up manufacturing, supply chain, and retail expansion.

JSW Infrastructure's subsidiary, JSW Tuticorin Multipurpose Terminal, has signed a concession agreement with V O Chidambaranar Port Authority for the development of North Cargo Berth-III.

NVIDIA executive Mohit Sewak emphasizes the need for multimodal AI models aligned with Indian culture and sensitivities, advocating for large multilingual datasets and synthetic data generation.

Renewable energy firm ACME Solar Holdings Ltd has filed for a Rs 3,000 crore IPO, including a fresh issue of shares and an offer for sale. The company plans to utilize the proceeds for debt...

Sebi has mandated stock brokers to implement systems for detecting and preventing market abuse, including surveillance, reporting, and whistleblower policies. The new rules aim to curb fraudulent...