INFRASTRUCTURE PROJECTS BENGAL
GRSE shares rise 2% after Q2 net profit climbs 12% YoY
GRSE shares rose on Thursday after the defence shipbuilder reported a 12% year-on-year increase in Q2 FY27 net profit to Rs 171.97 crore. Revenue grew 9% to Rs 1,827 crore, while EBITDA rose 13%. The company also highlighted key project milestones and infrastructure expansion during the quarter.
Bihar man buys second-hand car, pays Rs 14,000 for RC transfer, around 10 times the govt fees to agents, report finds
A new report by Consumer Voice and IndiaTech finds that used vehicle ownership transfers cost up to Rs 14,000 in parts of Bihar, with charges reaching 10 times statutory fees. UP takes over 30 days for RC transfers, while 39% of surveyed buyers and sellers reported delays.
Jai Balaji Group plans Rs 6000 crore investment in West Bengal for steel and renewable energy sectors
Jai Balaji Group has announced an investment proposal of around Rs 6,000 crore in West Bengal. This investment focuses on specialized steel for railways, defense and aerospace applications, along with renewable energy initiatives. The expansion is expected to create over 20,000 employment opportunities in the region. Additionally, the company aims to enhance its production capabilities in precision engineering and specialized copper products.
Congress pursuing a politics of corruption, communalism and conflict: Union minister Sarbananda Sonowal
Sarbananda Sonowal criticized the Congress party and its allies for their politics of corruption and discord. He emphasized the importance of accurate voter rolls and the need to safeguard national security against illegal immigration. Sonowal highlighted the Modi government's achievements in infrastructure and connectivity in the Northeast, positioning it as vital for national development.
West Bengal investment policy puts jobs first, offers up to 120% assistance to industries
West Bengal has launched a new investment promotion policy aimed at encouraging industrial growth and job creation. The policy includes substantial incentives for businesses, especially those focused on employing women and transgender workers. It offers streamlined processes for approvals and payments, enhancing efficiency for investors. Priority areas will receive higher assistance levels and a framework for regular review every three years.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.
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Banks must go beyond lending to unlock Bengal's industrial potential: NITI Aayog's Ashok Lahiri
NITI Aayog vice-chairman Ashok Lahiri emphasized the need for banks to facilitate connections between businesses and financial resources. He pointed out the low credit-deposit ratio in Eastern India, which hinders investment and economic growth. Lahiri highlighted the importance of investment in infrastructure, industrial expansion, and the MSME sector. Banks could support smaller enterprises with structured credit facilities to help them grow.
Japan, Bangladesh widen BIG-B ambitions, bring India into focus
Bangladesh Prime Minister Tarique Rahman's meeting with Japanese Prime Minister Sanae Takaichi focused on the BIG-B initiative. The initiative aims to enhance economic cooperation and connectivity in the Bay of Bengal region. Japan is particularly interested in developing the Matarbari deep-sea port with Bangladesh's support. Both countries plan to expand supply chain networks linking India, Nepal, and Bhutan.
Vedanta explores Rs 80,000 crore investment in Bengal for power, aluminium projects: Anil Agarwal
In a promising development, Vedanta's Chairman Anil Agarwal has signaled interest in investing up to Rs 80,000 crore in West Bengal, concentrating on energy and aluminium manufacturing. This venture could generate thousands of jobs, with Asansol identified as a pivotal site due to its resources and infrastructure. Moreover, Agarwal is committed to fostering smaller businesses for downstream industry growth, with thorough feasibility studies to ensure the project's potential success.
HPCL Q2 Results: Profit slips 6% YoY to Rs 3,625 crore, revenue jumps 26%
HPCL reported Q2FY27 net profit of Rs 3,625 crore, recovering from a previous-quarter loss. Revenue rose 26.1% year-on-year, refining margins surged, fuel sales increased, and investments advanced infrastructure expansion, innovation, and green energy initiatives.
High-voltage reality: ‘Data hubs need stable grids more than sops’
As states roll out the red carpet to attract private investments in artificial intelligence (AI) and cloud infrastructure, delivering uninterrupted power to project sites from day one would be crucial for their success, they said.
Nepal PM Balen Shah may visit India in November; Bangladesh PM Tarique Rahman by early December
Shah's proposed three-day India visit could be organised in November third week. From major infrastructure projects to flood reconstruction. Bangladesh PM Tarique Rahman is also exploring visiting India in November or early December as both sides prepare to renew Ganges water sharing treaty.
It’s unity in diversity to draw data centres
States play on their uniquestrengths with RE-relatedincentives, powered sites & easier energy procurement.
Fusion CX IPO Day 3: Issue subscribed 4.4 times. Check GMP, other details
Fusion CX has witnessed substantial investor interest in its IPO. The company's shares were oversubscribed by 4.45 times, reflecting strong participation from different investor categories. Market analysis indicates a grey market premium, suggesting favorable expectations for its listing price. Proceeds from the IPO will be utilized for debt repayment, IT upgrades, and potential acquisitions.
Fusion CX IPO Day 2: Issue fully subscribed at 1.1x; GMP at 12%. Check key details
Fusion CX IPO witnessed good demand, receiving bids for more shares than available in the second subscription day. The grey market premium suggests potential listing gains, indicating positive investor sentiment. The company aims to raise Rs 702 crore with fresh and offer-for-sale shares. According to analysts, the valuation appears reasonable compared to similar industry peers. The IPO proceeds will primarily support debt repayment and IT upgrades.
Supply-chain efficiency and sustainability in operations: Rinkesh Satija’s 2-Cents!
PepsiCo India collaborates with over 36,000 farmers to boost agricultural productivity and implement sustainable farming practices. The company's commitment includes investments in innovative technologies and infrastructure enhancements geared toward reinforcing its supply chain for future growth. Initiatives such as the Kosi–Pataudi EV Green Corridor aim to minimize environmental impact while optimizing distribution efficiency.
"India stands ready to work with ASEAN as reliable, equal partner": Rajnath Singh
Defence Minister Rajnath Singh on Wednesday called for stronger defence cooperation between India and ASEAN countries, including joint research on maritime security, counter-drone systems, cyber defence and disaster response, stressing that regional challenges require collective action and practical solutions.
The Andaman Islands could be India's next big trade trump card
India is focusing on strengthening the Andaman and Nicobar Islands' strategic maritime role for regional trade. The upcoming Andaman Dialogue 2027 will emphasize maritime infrastructure and economic cooperation among countries in the Indo-Pacific region. Commerce Minister Piyush Goyal highlighted the islands as an economic bridge, particularly for trade and logistics efforts. Enhanced cooperation between regional ports and industries is also proposed to bolster maritime security.
Rs 1,024-crore market cap, Rs 10,000-crore order book: This penny stock jumps 11% after SAIL deal
SEPC shares jumped nearly 11% to Rs 5.47 on Friday after securing an Rs 854.57-crore contract from SAIL for its IISCO Steel Plant expansion in Burnpur. The deal pushes SEPC's consolidated order book past Rs 10,000 crore, nearly 10 times its market capitalisation, providing multi-year revenue visibility.
India, Myanmar discuss initiatives to strengthen defence cooperation
India and Myanmar convened for the third Defence Cooperation Meeting to assess previous initiatives and explore new collaboration. The meeting was co-chaired by Defence Secretary Rajesh Kumar Singh and Lt Gen Pyae Sone Linn. Myanmar officials acknowledged India's humanitarian assistance following a recent earthquake through 'Operation Brahma'. Discussions included enhancing training, capacity building, and maritime security cooperation between the two nations.
Repo rate hike may raise borrowing costs, but real estate demand likely to be resilient: Realtors
The Reserve Bank of India increased the repo rate by 25 basis points to 5.50 percent. Real estate companies in West Bengal anticipate a slight rise in borrowing costs for home loans. Developers believe that genuine homebuyers will remain undeterred in the long term. Concerns about affordability for first-time buyers may arise during the festive season. Developers are introducing flexible payment plans to sustain demand despite these pressures.
Indian Navy to get 43,500-tonne ‘Surya’ ship as Rajnath Singh lays keel at HSL in Visakhapatnam
Defence Minister Rajnath Singh on Tuesday inaugurated major shipbuilding and maritime infrastructure projects at Hindustan Shipyard Limited in Visakhapatnam. He launched the Indian Navy’s first Fleet Support Ship, ‘Surya’, laid the keel for FSS-5 and inaugurated an upgraded slipway and 300-tonne Goliath crane capable of supporting construction of vessels up to 45,000 DWT.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 20%
In times like these, the market will have its green and red days. What matters, however, is not the colour of a single day, but the things underneath it: The central bank, the fund flows, and, above all, corporate earnings. Watch those, stay patient, and forget the daily noise.
Navi Mumbai International Airport rolls out multimodal connectivity ahead of winter schedule
Navi Mumbai International Airport is set to enhance its transport network with affordable options for passengers. Multiple services include buses, taxis, and airport shuttles, offering economical travel across regions. The Maharashtra State Road Transport Corporation will begin the e-Shivai bus operations on October 7 for passengers. Besides, ride-sharing services such as Bharat Taxi and Uber will be available starting October 10.
India's infrastructure challenge shifts from raising capital to making projects investable: Deloitte
India's infrastructure challenge has evolved from capital raising to the need for investable projects. A significant proportion of respondents view private-sector participation and complex approval processes as major obstacles. The report emphasizes the necessity of modernizing infrastructure through digital technologies and enhanced cyber defenses. Public sector initiatives have successfully attracted private investment in greenfield sectors like renewables and highways.
Ayurvedic honey remedy to heal wounds: Top Pakistani terrorist 'Hashim Moosa' used this method to treat bullet injuries while hiding in J&K forests
A Pakistani terrorist identified as Mohd Asif alias Hashim Moosa, believed to be a former Pakistan Army SSG commando and a Lashkar-e-Taiba commander, allegedly used pure honey to treat bullet wounds while hiding in the forests of Jammu and Kashmir. Officials said photographs of his honey-treated injuries were recovered from an associate’s phone after his death.
Nitin Gadkari announces over Rs 500 crore for highway strengthening & widening in Bengal: What will change for commuters travelling on NH-14 and NH-114
Nitin Gadkari has announced Rs 508.66 crore for strengthening and selective widening of NH-14 and NH-114 in West Bengal’s Birbhum district. The project will cover 91.90 km of NH-14 and 56.40 km of NH-114, with the upgrades aimed at improving road safety, reducing congestion and travel time, and strengthening connectivity for commuters and freight movement.
West Bengal finance minister says Urban Land Act has to go
Swapan Dasgupta highlighted the need to repeal the Urban Land Ceiling Act for development in West Bengal. Developers expressed challenges in acquiring large land parcels due to existing regulations. The local real estate market is expected to thrive with government reforms and improved infrastructure. Kolkata's economic position can facilitate greater investment opportunities and development networks. Overall, sustained demand and rising land prices indicate a promising future for the sector.
Poddar Keventer Capital Advisors to raise up to Rs 400 crore for maiden real estate AIF
Poddar Keventer Capital Advisors Private Limited plans to raise up to Rs 400 crore for its Category II AIF. The fund will focus on real estate projects in Kolkata and Delhi over the next six years. Sponsors have committed to 20% of the target corpus, which stands at Rs 80 crore. The fund aims for a gross IRR of 18% to 22% before expenses.
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