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Rajputana Stainless IPO subscribed 30% on Day 1; QIB portion nearly full

The initial public offer of Rajputana Stainless Ltd, a manufacturer of long and flat stainless-steel products, got subscribed 30 per cent on the first day of bidding on Monday. The IPO received bids for 63,04,430 shares, as against 2,09,00,000 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) received 99 per cent subscription, while the quota for non-institutional investors fetched 65 per cent subscription. The portion for Retail Individual Investors (RIIs) got subscribed 4 per cent. The initial public offer has a fresh issue of up to 1,46,50,000 equity shares and an offer-for-sale of up to 62,50,000 equity shares. Price range for the offer has been fixed at Rs 116-122 per share. The IPO will conclude on Wednesday. Rajputana Stainless has raised Rs 10 crore from anchor investor Shine Star Build Cap. The firm manufactures a range of stainless-steel products, including billets, forging ingots, rolled black bars, rolled bright bars, flats, pat

Tech Mahindra rubbishes market speculation on significant cut in headcount

IT services company Tech Mahindra on Monday strongly denied market speculations around a possible significant reduction in headcount. Given the speculation, Tech Mahindra said it finds it necessary to clarify that no such proposal is under consideration. The company cited calls and certain social media posts regarding a "market rumour" of a potential significant reduction in headcount. "The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount. "In view of the above speculation, the company on its own accord considers it necessary to clarify to the Stock Exchanges that no such proposal is under consideration and categorically denies any such market rumours," it added.

India's coal production may reach 1.5 billion tonnes by FY30: Kishan Reddy

Domestic coal production is expected to grow 6-7 per cent annually in the next few years to reach about 1.5 billion tonnes by 2029-30, Parliament was informed on Monday. The country's coal demand is expected to continue rising and is expected to peak around 2040, Union Minister for Coal and Mines G Kishan Reddy said in a written reply to the Rajya Sabha. The Minister informed the house that "There is no scenario of transition away from coal that would impact workers and communities associated with coal mining in the short and medium time frame. India is presently augmenting its domestic coal production to meet the increasing energy requirements of the country. To meet the future demand of coal through indigenous sources and to reduce non-essential import of coal, domestic coal production is expected to grow by 6-7 per cent annually in the next few years to reach about 1.5 billion tonnes by 2029-30, the Minister. In 2024-25, India's coal production stood at about 1,047.69 MT, he ..

Indonesia signs agreement with India to procure BrahMos missiles: Report

In 2023, BrahMos, a company co-owned by the Indian and Russian governments, told Reuters it was in advanced discussions with Jakarta on a deal worth $200 million to $350 million

West Asia conflict could boost palm oil demand from biodiesel sector

Indonesia, the world's largest user of palm oil-based biodiesel, said it may revive plans to roll out a B50 grade of palm oil biodiesel mid-year to counter surging crude oil prices

Raajmarg Infra InvIT IPO to open March 11; anchor portion domestically

State-owned National Highways Authority of India-sponsored Raajmarg Infra Investment Trust (RIIT) on Monday said the anchor portion of its upcoming IPO will be allocated to only domestic investors. The anchor book will open for subscription on March 10. "We are in advanced discussions with anchor investors regarding the investment. The anchor portion will be allocated to domestic investors," NHAI Chairman Sathosh Kumar Yadav told reporters here ahead of its Rs 6,000-crore initial public offering. Of the issue size, over Rs 1,700 crore will be allocated to anchor investors. Raajmarg Infra Investment Trust's maiden public offering will open on March 11 and close on March 13. This will be the first time, NHAI is opening its asset monetisation programme to retail investors. The InvIT's IPO price has been fixed between Rs 99 and Rs 100 per unit. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public I

India's inter-regional transmission capacity to reach 143 GW by 2027: Govt

The country's inter-regional transmission capacity will be increased to 143 GW by 2027 and 168 GW by 2032 to ensure reliable power flow across the regions, Parliament was informed on Monday. At present, there is no transmission constraint existing at the national level, and the inter-regional transmission capacity stood at 120 GW as of December 2025, Union Minister Shripad Naik said in a written reply to the Rajya Sabha. The capacity of the National Grid is expanded on a continuous basis, commensurate with the growth in electricity generation and electricity demand. The inter-regional transmission capacity will be increased to 143 GW by 2027 and further to 168 GW by 2032, the Minister of State for Power told the Upper House. A peak electricity demand of 388 GW is expected by 2032, and under the NEP (Volume II Transmission), the transmission network (220 kV and above) is planned to expand to 6.48 lakh ckm by 2032, and the transformation capacity is to increase to 2,345 Giga Volt Ampe

India Energy Stack pilot to begin in five states next fiscal year: Govt

The India Energy Stack, an integrated digital public infrastructure for the power sector, will be launched in five states on a pilot basis in the next financial year before its nationwide rollout, Parliament was informed on Monday. The total fund allocated for the development of IES (India Energy Stack) is Rs 51.3 crore, of which Rs 3.88 crore has been released, Union Minister of State for Power Shripad Naik said in a written reply to Rajya Sabha. Distribution utilities of Delhi, Gujarat, Andhra Pradesh, Uttar Pradesh and Mumbai have been identified for pilot implementation of IES, and the timeline for demonstration of the same is FY 2026-27, Naik said. After the successful demonstration, India Energy Stack is envisaged to be rolled out across the country, the minister informed the Upper House. Rapid growth in renewable energy, electric vehicles, and consumer participation in energy markets is transforming the sector, yet fragmented systems and the lack of seamless digital integrat

What 'Save America Act' proposes for US voter registration rules

The proposed legislation has triggered debate in the US because it introduces documentary citizenship requirements for voter registration and sets out procedures for verifying eligibility

Delhi riot accused Sharjeel Imam gets interim bail for brother's wedding

Imam has been in custody since January 28, 2020, in connection with the alleged larger conspiracy behind the Delhi riots

Lok Sabha fails to take up resolution seeking Speaker Om Birla's removal

The Lok Sabha on Monday could not take up a resolution seeking the removal of Speaker Om Birla amid repeated adjournments, as opposition members demanded a debate on the West Asia situation. The government and the Chair accused the opposition of holding the House proceedings "hostage" to its demands. The House was adjourned for the day shortly after it reassembled at 3 pm, following an earlier adjournment due to relentless protests by opposition members. As proceedings resumed, opposition MPs continued raising slogans. Jagadambika Pal, who was chairing the proceedings, urged them to maintain decorum and allow the House to take up the resolution against Birla. Pal reminded the opposition that the no-confidence resolution against the Speaker was already on the House agenda, and their adjournment notice seeking debate on the West Asia crisis could not be taken up. He accused the opposition of wasting taxpayers' money -- about Rs 9 crore per day -- by holding the House "hostage" to its

Hical Tech wins contract from Dassault to supply components for Rafale jets

Bengaluru-based aerospace manufacturer Hical Technologies on Monday said that Dassault Aviation has awarded it long-term contract to manufacture products for critical Rafale fighter aircraft control systems applications. In a statement, Hical Technologies said it will deliver mission-critical products that meet Dassault Aviation's stringent engineering, qualification, and reliability standards under the agreement. "Hical Technologies has demonstrated a strong commitment to quality and reliability - values that strongly align with Dassault Aviation's heritage of excellence," said Bruno Coiffier, Senior Executive Vice President, Procurement and Purchasing, Dassault Aviation. "This milestone is a testament to the years of engineering investment, precision manufacturing discipline, and quality culture that our teams at Hical have built," said Yashas Jaiveer, Managing Director, Hical Technologies. "Being entrusted with critical products for the Rafale, one of the most sophisticated figh

Nasscom asks IT firms to boost cyber readiness amid West Asia crisis

IT industry body Nasscom on Monday advised technology companies to strengthen operational preparedness and cybersecurity frameworks in the wake of the evolving geopolitical situation in West Asia, cautioning that periods of uncertainty can heighten risks of disruptions and cyber threats. Issuing a fresh advisory to member companies, Nasscom said while business operations currently remain stable, organisations are proactively reviewing contingency plans and strengthening resilience measures to mitigate potential disruptions "should the situation evolve over time". The advisory comes amid conflict in West Asia following US and Israeli strikes on Iran that triggered retaliatory missile and drone attacks, disrupting airspace and raising concerns over regional stability, cyber threats, and potential spillover effects on global technology infrastructure, travel routes, and maritime trade. The widening conflict has also rattled global markets, as investors turned cautious amid fears around

Big Oil's plastic conspiracy is starting to affect global health outcomes

Gardiner's rigorous new book, Plastic Inc., answers by way of a compelling true-crime story: Plastic took over the globe through decades of intensive marketing, political manoeuvring, flat-out deceit

Kuwait cuts oil, refinery output as Strait of Hormuz remains blocked

The country, like its Gulf neighbors, has been heavily targeted by Iranian missiles and drones in an expanding war in the region

Taranjit Singh Sandhu likely to take charge as Delhi LG on Mar 11

Former diplomat Taranjit Singh Sandhu will likely take charge as the lieutenant governor of Delhi on March 11, an official said on Saturday. Earlier, President Droupadi Murmu appointed the former diplomat as the Delhi LG, replacing VK Saxena, who has been in office for nearly four years. "LG VK Saxena will hand over the charge next week. Sandhu is likely to take charge on Wednesday," an official said. Sandhu's appointment was part of a major reshuffle of gubernatorial posts effected in several states and Union territories by the president late Thursday night. Sandhu, a 1988-batch Indian Foreign Service officer, was one of the most experienced Indian diplomats on United States affairs. He served in the Indian Mission in Washington DC multiple times. The swearing-in ceremony is expected to be attended by Chief Minister Rekha Gupta and other Delhi ministers.

Maharashtra outstanding debt seen rising to ₹11.02 trillion in FY27: Budget

Maharashtra's outstanding debt is expected to rise by 11.1 per cent in 2025-26, though the overall debt burden will remain within the limits prescribed under fiscal responsibility norms, according to the Economic Survey 2025-26 tabled in the state legislature. The survey, which was tabled on Thursday, said the Debt-to-Gross State Domestic Product (GSDP) ratio is estimated at 18.3 per cent in 2025-26, well below the 25 per cent ceiling stipulated under Maharashtra Fiscal Responsibility and Budget Management (FRBM) Rules 2006. "The state's total outstanding debt is estimated at around Rs 9.3 lakh crore in 2025-26, comprising accumulated public debt and other liabilities. Domestic borrowings account for the major share of the debt stock," it said. According to the survey, domestic debt alone is projected at Rs 7,39,859 crore, accounting for 79.4 per cent of the total outstanding debt of the state. It added that the state government mainly raises resources through market borrowings and

Middle East conflict: 100 flights cancelled at Delhi, Mumbai airports

At least 100 international flights were cancelled at the Delhi and Mumbai airports on Saturday as the Middle East crisis continued to impact flight operations. As many as 35 departures and 36 arrivals were cancelled at the Mumbai airport while 22 departures and 17 arrivals were cancelled at the Delhi airport, according to officials. Delhi airport operator DIAL, in a post on X, said due to the current situation in the Middle East, some west-bound international flights may experience delays or schedule changes. The conflict involving the US, Israel, and Iran that started on February 28 has significantly impacted flight operations as some of the airspaces in the Middle East are closed. Many airlines are only operating a limited number of services.

One President's Whim. A World in Crisis.

A week into Trump's war in Iran, his strategy is still a mystery

Judiciary must protect environment but not hinder development: CJI

Judiciary must continue to serve as a constitutional sentinel in matters concerning the environment, and not impede legitimate development aspirations, Chief Justice of India Surya Kant said on Saturday. He made the remark while addressing the Punjab and Haryana High Court Bar Association here. "We are no longer in an era of choosing between environment and development. We are in an era where the only defensible development is the one which is environmentally responsible," the CJI said. The jurist was here for the inauguration of a refurbished library in memory of Justice Kuldip Singh, often hailed as the 'Green Judge' of the Supreme Court. The CJI stated that the courts cannot afford a tunnel vision that treats every project as suspect, nor can they afford a complacent vision that treats environmental safeguards as negotiable. "Our task is to move from a purely reactive model to a more mature environmental governance model that integrates environmental safeguards into the very de