In a major strategic move, BlackRock Inc.’s infrastructure arm is investing up to $335 million in the renewable energy holding company of India’s Aditya Birla Group. This landmark deal grants the global investment behemoth a minority stake in Aditya Birla Renewables Ltd., a subsidiary of listed Grasim Industries Ltd., and signals a powerful vote of confidence in India’s burgeoning clean power sector. The investment accelerates the conglomerate’s green energy expansion amid intensifying competition, positioning both entities at the forefront of the country’s energy transition.
about BlackRock Invests $335M in Aditya Birla's Renewable Energy UnitIndian Rupee
0 posts last weekIndia Rupee Hits Record Low, RBI Intervention Eyed
The Indian rupee has plunged to a historic low against the US dollar, raising urgent questions about the Reserve Bank of India’s next move. Traders were caught off-guard as the currency tumbled 0.9% to an unprecedented 89.4812 per dollar, breaching previous defense levels and approaching the psychologically critical 90 barrier. All eyes are now fixed on the central bank’s willingness to intervene amid mounting pressure from what analysts describe as the harshest US tariffs in Asia.
about India Rupee Hits Record Low, RBI Intervention EyedIndia’s RBI Cautious on Crypto, Stablecoins
India’s central bank is maintaining a defensive posture against cryptocurrencies and stablecoins, with Reserve Bank of India Governor Sanjay Malhotra describing the institution’s approach as “very cautious” amid concerns that digital assets could undermine financial stability. Speaking at Delhi School of Economics, Malhotra highlighted the dual threats of crypto volatility and the potential for these assets to bypass established financial safeguards, creating tension as the Indian government considers formalizing a stablecoin framework while the RBI promotes its own central bank digital currency alternative.
about India's RBI Cautious on Crypto, StablecoinsIndia Court Rules XRP as Property, Boosting Crypto Rights
An Indian court has delivered a landmark ruling recognizing XRP as property, strengthening investor rights in digital assets. The decision came from a case where WazirX attempted to distribute hack losses across user accounts following a $235 million security breach. This precedent-setting judgment reinforces individual ownership rights in cryptocurrency disputes and establishes crucial legal protections for digital asset holders in India.
about India Court Rules XRP as Property, Boosting Crypto RightsIndian Crypto P2P Scams: Bank Freeze Risks & Solutions
Indian cryptocurrency traders are facing unexpected bank account freezes after using peer-to-peer trading platforms like Binance P2P. These freezes occur when scammers use innocent traders as unwitting money mules, leaving legitimate users caught in police investigations and facing frozen savings for weeks or months. This article explores how these scams operate through real user experiences and provides guidance on safer alternatives for converting crypto to rupees.
about Indian Crypto P2P Scams: Bank Freeze Risks & SolutionsRailTel Shares Rise on Rs 18 Crore Karnataka E-Governance Deal
RailTel Corporation of India Ltd shares climbed 2% on October 10 after the state-owned telecommunications infrastructure provider secured an Rs 18.22 crore contract from Karnataka’s Centre for E-Governance. The order, involving back-to-back OEM support for existing KSWAN 2.0 routers and switches with execution due by November 2025, continues RailTel’s momentum in securing significant government infrastructure projects across multiple Indian states, demonstrating the company’s growing role in India’s digital transformation landscape.
about RailTel Shares Rise on Rs 18 Crore Karnataka E-Governance DealFintech Startup Niro Shuts Down After $20M Funding
Bengaluru-based fintech startup Niro has ceased operations after four and a half years despite raising $20 million in funding and building a substantial lending business. Co-founder Aditya Kumar announced the shutdown, describing it as the result of a ‘perfect storm’ involving regulatory tightening in personal lending, deteriorating credit conditions, and restricted capital availability that ultimately overwhelmed the promising B2B2C lending platform.
about Fintech Startup Niro Shuts Down After $20M FundingL&T Wins Rs 15,000 Crore Middle East Gas Plant Contract
Shares of Larsen & Toubro Ltd surged on October 9 after the company announced its Hydrocarbon Onshore unit secured an ultra-mega order worth over Rs 15,000 crore to build a Natural Gas Liquids plant and related facilities in the Middle East. The massive contract, won in partnership with Greece’s Consolidated Contractors Group, propelled L&T stock 1.5% higher during trading, underscoring the company’s growing dominance in global energy infrastructure projects.
about L&T Wins Rs 15,000 Crore Middle East Gas Plant ContractGaruda Construction Shares Soar 11% on ₹144 Crore Order
Garuda Construction and Engineering Ltd witnessed an impressive 11% surge in its share price on Thursday, October 9, following the announcement of a major redevelopment contract worth ₹143.96 crore from Orbit Ventures Developers. The Mumbai-based civil construction company secured the work order for the ‘Shikhar-B’ project in Oshiwara, significantly boosting its already substantial order book to approximately ₹3,230 crore and demonstrating strong market confidence in the company’s execution capabilities.
about Garuda Construction Shares Soar 11% on ₹144 Crore OrderNifty Futures Signal Positive Start; Key Stocks in Focus
Indian equity markets are poised for a positive opening on Thursday as GIFT Nifty futures indicate early gains, trading 30 points higher at 25,150. This optimistic sentiment follows Wednesday’s mixed performance where the Sensex gained 153 points to close at 81,773 while Nifty50 declined 62 points to 25,045. Several major companies including Coal India, Solar Industries, and Lupin are in focus following significant corporate developments and quarterly earnings announcements that could drive market momentum throughout the trading session.
about Nifty Futures Signal Positive Start; Key Stocks in FocusSalzer Electronics Shares Jump 20% on High-Voltage Patent
Salzer Electronics Ltd witnessed a dramatic 20% surge in its share price, hitting the upper circuit limit on Wednesday after the company announced it had secured a patent for its innovative ‘Disconnecting and Earthing Device for High Voltage Applications.’ The breakthrough technology addresses critical safety and space requirements in traction systems and power networks, underscoring the company’s growing reputation as a technology-driven electrical solutions provider and triggering significant investor confidence.
about Salzer Electronics Shares Jump 20% on High-Voltage PatentCMS Boosts Securens Stake to 75.78% in Rights Issue
CMS Info Systems Ltd has strategically increased its controlling stake in Securens Systems Private Limited to 75.78% through participation in a rights issue, acquiring 22.75 lakh additional shares at ₹110 each. This calculated move aims to reduce finance costs, enhance profitability, and strengthen the company’s position in the emerging AIoT-based remote monitoring sector. Despite the strategic significance, CMS shares showed minimal market reaction, trading nearly flat on the NSE following the announcement.
about CMS Boosts Securens Stake to 75.78% in Rights Issue