PVR Inox, India’s leading multiplex operator, has seen its stock rise by 20% since early August, outperforming the S&P BSE Sensex. The surge follows a tough Q1 for FY25, driven by a strong lineup of blockbuster films and an improving Market sentiment. Q2 is expected to show a 20% revenue growth, with occupancy rates increasing ...
 "L&T Semiconductor aims to launch indigenous chips by 2026, reducing India’s tech dependency and ensuring strategic product retention.")
L&T Semiconductor Technologies, a fabless chip company, is gearing up to begin manufacturing its own semiconductor products within the next two years. CEO Sandeep Kumar announced that the company aims to set up chip manufacturing plants once it reaches revenue targets between USD 50 million and USD 1 billion. Currently, L&T is developing teams to ...
In Chennai, Chief Minister M K Stalin has praised former minister V Senthil Balaji upon his release from 471 days in prison, calling his sacrifice and determination commendable. Stalin expressed concerns about political tensions, alleging misuse of the Enforcement Directorate to target opponents. Balaji, who thanked the chief minister and his son Udhayanidhi, claimed that ...
 "Vedanta prepares for significant dividend discussions amidst a strategic debt reduction plan, eyeing billion in savings.")
Vedanta Ltd, a leading mining company, announced that its board will meet on October 8 to discuss the approval of a fourth interim dividend for the 2024-25 financial year. If approved, the record date for shareholders eligible for this dividend will be October 16, 2024. So far, Vedanta has declared a total dividend of Rs ...
 "The RBI’s strategic .93 billion intervention stabilizes the depreciating rupee amidst fierce market volatility and global pressures.")
The Reserve Bank of India (RBI) has reported a significant activity in the foreign exchange Market, revealing it bought a net total of $6.93 billion in July. During this month, the RBI purchased $23.57 billion and sold $16.64 billion, marking a contrast to June when it sold a net amount of $2.11 billion. In July, ...
 "Siddharth Shankar’s Tails Trading Group sells its private labeling arm for GBP 395 million, marking a strategic milestone in global trade.")
Tails Trading Group, a UK-based supplier of consumer packaged goods led by Indian entrepreneur Siddharth Shankar, has sold its private labelling division for GBP 395 million to an international investor consortium. The labelling division supplies various products, including food, beverages, and household items, to major retailers and airlines across North America and Europe. Shankar views ...
 "India must balance border infrastructure development with diplomatic sensitivity towards China, recognizing border villages as vital strategic assets.")
India is focusing on enhancing border infrastructure, guided by Prime Minister Narendra Modi’s vision for the development of villages near the Sino-Indian border. Defence Minister Rajnath Singh emphasized that these villages are vital not only as remote areas but also as the first line of defence for the country. During the Border Area Development Conclave ...
Home Minister Amit Shah will hold three rallies in Chenab Valley on Monday, marking the final day of campaigning for Jammu and Kashmir’s assembly elections. This election phase covers 24 assembly segments across various districts, including Doda, Kishtwar, and Anantnag. Previously, Prime Minister Narendra Modi supported BJP candidates with a large rally in Doda, and ...
 "Eastman Auto & Power targets ₹10,000 crore turnover by 2025-26, driving growth through solar rooftop solutions and strategic leadership changes.")
Eastman Auto & Power Ltd, a provider of solar rooftop solutions, aims to reach a turnover of Rs 10,000 crore by 2025-26, significantly up from Rs 3,600 crore in 2023-24. The company plans to expand its renewable energy capacity while continuing to grow its Last Mile E-Mobility Solutions business. To support this ambitious goal, Eastman ...
 "Infosys and Proximus forge a strategic partnership, enhancing digital services and security solutions for businesses and residents in Belgium.")
Infosys, a leading IT services firm, has joined forces with Belgium’s Proximus Group to enhance their digital offerings. This strategic partnership aims to create new business opportunities by developing a joint Market approach. By combining Infosys’ digital services with Proximus’ International affiliates’ products—such as Route Mobile’s Communications Platform and Telesign’s Digital Identity solutions—they plan to ...
