The Bombay High Court on Monday set aside the Centre’s decision to levy a one-time spectrum charge retrospectively on telecom operators for spectrum held beyond 6.2 MHz between 2008 and 2012, providing major relief to and . The court said that the Centre has failed to justify any authority in levying the charges and altering the financial terms of the telecom licences as an afterthought. In the 13-year legal battle, this ruling would potentially provide a total relief of over ₹24,000 crore to the companies, according to estimates.
The Government will sell up to three per cent stake in through an offer for sale at a floor price of ₹303 a share. The OFS opens for non-retail investors on Tuesday and for retail investors on Wednesday. The floor price reflects a 9.73 per cent discount over the closing price of ₹335.65 on the BSE on Monday.
on Monday launched a Global Value & Innovation Centres (GVIC) Business Unit that will help enterprises establish AI-native GCCs while helping existing GCCs move towards a value- and innovation-led operating model. The GVIC offers services across the full lifecycle of GCCs, enabling a move from strategy and setup to scaled operations and AI-led transformation.
on Monday said Anupam Misra will take charge as the company’s Chairman & Managing Director (CMD) on July 1. The development assumes significance as the company is executing a massive ₹7,189 crore capital expenditure programme to increase its mining capacity by three times.
has commissioned its wind blade manufacturing plant at Halol, marking a significant step in vertically integrating its wind energy value chain and de-risking its supply chain. The company currently operates an installed wind energy capacity of 3.9 GW, a company statement said.
has joined the DENSTAR consortium to advance licensure of its single-dose tetravalent dengue vaccine, DengiAll, in sub-Saharan Africa. The 48-month project, funded at €11,091,138.75 under GH EDCTP3 JU and supported by the European Union, will conduct Phase I/III trials in African adults and children and evaluate efficacy against DENV-4 using Controlled Human Infection Models, coordinated by Italy’s Sclavo Vaccines Association.
Simplex Castings has entered into a 25-year Power Purchase Agreement (PPA) with Natraj Energy, a Raipur-based renewable energy partnership firm, for the supply of clean energy through a captive solar power project under the Long-Term Open Access (LTOA) mechanism in Chhattisgarh.
has secured a contract worth ₹9.94 crore (including taxes) from the Defence Research and Development Organisation (DRDO) for the development and testing of Satellite Terminals for GSAT. The order has to be executed by December 2028 including a warranty period of 24 months.
has informed the exchanges about a significant international contract win from UAE’s CC7 Emirates Engineering Solutions. The order, valued between ₹100 crore and ₹300 crore, marks a pivotal expansion for the thermal engineering specialist in the West Asia market. This development reinforces the company’s export capabilities and order book depth.