Author: Bureau

Ardee Industries Limited has announced that its Initial Public Offering (IPO) will open for subscription on Wednesday, August 5, 2026, and close on Friday, August 7, 2026. The anchor investor bidding will take place on Tuesday, August 4, 2026. The company has fixed the price band at ₹50 to ₹53 per equity share of face value ₹2 each. Investors can bid for a minimum of 281 equity shares and in multiples of 281 shares thereafter. The public issue comprises a fresh issue of equity shares aggregating up to ₹320 crore and an Offer for Sale (OFS) of up to 19,975,000…

Manufacturing companies are facing increasingly targeted cyberattacks as factory floors become more connected with corporate IT systems, according to SonicWall’s 2026 Manufacturing Protect Brief. Based on data collected from more than one million global security sensors, the report found that while intrusion prevention system (IPS) events in the manufacturing sector fell 56.2% year-on-year during the first half of 2026, the industry continues to face significant cyber risks. SonicWall recorded 474 million IPS events, indicating that attackers are becoming more selective rather than less active. The report identified 43 million attacks targeting a known Hikvision IP camera vulnerability (CVE-2021-36260), making it…

Malabar Gold & Diamonds has appointed former India captain MS Dhoni as its brand ambassador, marking the start of a long-term association centred on the jewellery retailer’s ‘The Responsible Jeweller’ philosophy, which focuses on transparency, ethical business practices and customer trust. The campaign aims to strengthen consumer confidence by highlighting the brand’s commitment to responsible sourcing, transparent pricing, trusted quality and customer-first policies. It will be rolled out across television, print, digital, social media, cinema, radio, outdoor advertising and retail platforms, reaching customers through more than 450 Malabar Gold & Diamonds showrooms worldwide. Through its Malabar Promises framework, the company…

Tata Power reported a consolidated profit after tax (PAT) of ₹1,401 crore for the first quarter ended June 30, 2026, registering an 11% year-on-year growth. Revenue rose 8% to ₹18,898 crore, while EBITDA increased 8% to ₹4,249 crore, supported by strong performances across its generation, transmission and distribution, and renewable energy businesses. The company also recorded its highest-ever quarterly capital expenditure of ₹5,375 crore, reflecting its continued investments in clean energy, grid infrastructure and domestic manufacturing. The core businesses delivered double-digit growth, with revenue and EBITDA rising 12% each and PAT growing 14%. The renewables business reported a PAT of…

For generations, Indian households have had one instinct during uncertain times: when in doubt, buy gold. However, the recent market environment has offered investors a timely reminder: even traditional safe-haven assets can experience sharp volatility. Since the escalation of the West Asia conflict, global markets have remained choppy, crude oil prices have remained volatile, and investor sentiment has shifted quickly. In such periods, gold is typically expected to benefit from safe-haven demand. Yet, this time, gold itself came under pressure. Gold was trading at around USD 5,278 per troy ounce at the close on February 27, the day before the conflict escalated. It…

Air India has signed a Memorandum of Understanding (MoU) with the Ministry of Tourism, Government of India, to jointly promote India as a leading global tourism destination and strengthen the country’s position as an international aviation and transit hub. The partnership, the first of its kind between the Ministry of Tourism and a global airline, will focus on destination marketing, trade engagement, transit tourism and enhancing the overall visitor experience. It will leverage Air India’s growing international network alongside the Ministry’s Incredible India campaign to attract more overseas travellers. Nipun Aggarwal, Chief Commercial Officer, Air India, said, “As the airline…

Ampere, the electric two-wheeler brand of Greaves Electric Mobility Limited (GEML), has partnered with Muthoot Capital Services Ltd. to make electric vehicle ownership more affordable and accessible across India through flexible retail financing solutions. The partnership will offer financing for Ampere’s entire range of electric scooters, enabling customers across urban and emerging markets to purchase EVs through convenient repayment options. The initiative is aimed at addressing affordability challenges for salaried professionals, self-employed individuals, gig workers and small business owners, supporting wider adoption of electric mobility. Manoj M. P., Chief Business Officer, Greaves Electric Mobility, said, “At Ampere, our focus has…

Wonder Cement and Montra Electric have announced the deployment of around 250 Rhino 5538 EV heavy-duty electric trucks, marking one of India’s largest electric truck deployments for industrial freight and the country’s longest commercial electric freight corridor. The fleet will operate on the Nimbahera–Dahej Port and Nimbahera–Tuna Port routes, covering nearly 1,450 km across Rajasthan, Madhya Pradesh, Maharashtra and Gujarat. The trucks will undertake fully loaded daily operations similar to conventional diesel fleets, demonstrating the viability of electric vehicles for long-haul freight movement. Supporting the deployment is a dedicated charging network comprising 13 charging stations with 39 chargers, enabling uninterrupted…

VIT Bhopal University welcomed its 2026-27 undergraduate batch with a Freshers’ Orientation Programme focused on preparing students for an AI-driven future through industry-oriented learning, research and innovation. The programme introduced students and parents to the university’s academic framework, interdisciplinary curriculum, global collaborations, research ecosystem and student support initiatives. The event was led by Chancellor Dr. G. Viswanathan in the presence of Vice President Dr. Sankar Viswanathan, Assistant Vice President Ms. Kadhambari S. Viswanathan and Trustee Mrs. Ramani Balasundaram. Microsoft CSS Director Amit Chaudhry attended as the Chief Guest, while Swami Vigyanananda Ji was the Guest of Honour. Alumna Priyanka Giri…

AU Small Finance Bank (AU SFB) has revised interest rates on its Foreign Currency Non-Resident [FCNR(B)] Deposits and Non-Resident External (NRE) Fixed Deposits, effective July 27, 2026, further strengthening its banking offerings for Non-Resident Indians (NRIs). The bank has increased the peak interest rate on FCNR(B) deposits from 7.10% to 7.40% per annum for the three to four-year tenure. The peak rate on NRE Fixed Deposits has also been revised from 7.00% to 7.60% per annum for deposits with a tenure of 36 months and one day to 45 months. The revision follows the Reserve Bank of India’s June 8,…