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Dolly Khanna raised a stake in textile maker Deepak Spinners in the December quarter. The Chennai-based investor bought a 0.18% stake or 13,000 shares in the third quarter, according to exchange data. With the additional stake, Khanna's stake in the company increased to 1.83% at the end of December 2023 from about 1.65% at the end of September 2023. The company is majority-owned by public shareholders at 54.33%, while promoters own the rest of 45.67%, according to the latest shareholding data available with the exchanges. In the public holding, there is no significant stake by mutual funds and foreign investors, but retail investors own 25%. Deepak Spinners, one of the leading textile players, makes dyed synthetic yarn.

GANDHINAGAR : Adani Group chairman Gautam Adani on Wednesday announced a ₹2 lakh crore investment in Gujarat over the next five years, largely in setting up the world's largest clean energy project that will be visible even from space. The apples-to-airport conglomerate is building three giga factories for manufacturing solar modules, wind turbines and hydrogen electrolyzers. In Gujarat's Rann of Kutch desert, it is building the world's largest green energy park, covering 725 square kilometer.

Adani Enterprises, said, "Recent geopolitical events have reinforced the convergence of physical, informational, and cognitive tactics underpinned by intelligence, information processing capabilities, and the use of unmanned and cyber systems for dissemination of information and disinformation." "Intelligence, surveillance and reconnaissance platforms across land, air and naval borders are a key priority for Adani to serve the armed forces and place India on the global map for exports. We are proud to be able to serve the Indian Navy," he added.

Stocks gapped lower, while the equal-weight and small-cap indexes didn’t recover much. The S&P 500 finished the day lower by around 15 bps.

Mohamed bin Zayed Al Nahyan addressed the Vibrant Gujarat Global Summit 2024 on Wednesday. The President's speech signified UAE's strong ties with India and PM Modi. Following his speech, the Prime Minister in a post on social media platform X, lauded the UAE President and said that his statements were very encouraging.

₹2 trillion ($24 billion) to boost green energy initiatives in Gujarat, adding to the flurry of multi-billion pledges made at the event. Additionally, Maruti Suzuki, Simmtech, and DP World revealed their respective investment plans, highlighting Gujarat's growing stature as an investment hub. Track Live Updates | Vibrant Gujarat Summit LIVE Updates: PM Modi says India's port infrastructure secures new investments from UAE companies Tata Group Chairman N Chandrasekaran revealed plans to build a large semiconductor fabrication facility (fab) in Gujarat's Dholera.

Indian Navy is proactively deploying its fleet to keep the pirates away and confine them in their waters, Chief of Naval Staff Admiral Hari Kumar said on Wednesday. After unveiling the indigenously manufactured Drishti 10 Starliner Unmanned Aerial Vehicle (UAV) by Adani Defence and Aerospace for the Navy, Hari Kumar said there have been about 35 drone attacks on ships largely on Israel-owned or flagged or related vessels in the Red Sea, North and Central Arabian Sea during the last 40-42 days.

Jyoti CNC Automation was subscribed 3.24 times so far on Wednesday, the second day of the bidding process. The issue closes tomorrow. The retail investors portion of the IPO was subscribed the most at 10 times, followed by non-institutional investors at 5.12 times. The QIB category was least subscribed at just 2%.

Alipov has claimed that the scope of extensive cooperation in defence remains unprecedented– offering a wide range of combat-tested military hardware and a full transfer of technology. “we are working on joint development and manufacturing of the most sophisticated systems, ensuring a significant contribution to the “Make in India” and “Self-reliant India” initiatives,” Alipov said at a session earlier this week in New Delhi at VIF-Valdai Club.

The worldwide electronics sector's growth continued to wane, hampered by lacklustre demand and rising inflation. As per the S&P Global Electronics Purchasing Managers’ Index (PMI), which is seasonally adjusted, there was a drop to 47 in December, down from November's 48.

New Delhi: American aircraft manufacturer Boeing is under scrutiny once again for its 737 MAX aircraft after part of an Alaska Airlines Boeing 737 Max-9's fuselage blew out in midair on 5 January, forcing an emergency landing. India’s Directorate General of Civil Aviation (DGCA) immediately ordered three Indian airlines to conduct a one-time inspection of emergency exits on all their Boeing 737 Max-8 aircraft out. On Monday, Boeing shared instructions with airlines for inspecting their 737 Max-9 aircraft, after US regulators grounded 171 such planes because of the Alaska Airlines incident.

Life Insurance Corporation of India (LIC) has increased its stake in Navin Fluorine International, one of the largest Indian manufacturers of speciality fluorochemicals, by about 0.24% through open market. The insurance behemoth disclosed in a regulatory filing on Tuesday that it bought 1.21 lakh shares of Navin Fluorine International on January 08 at an average price of ₹3,630.39 apiece. As a result of this transaction, LIC's overall stake in Navin Fluorine International crossed over 5%, reaching 5.04%.

By David Shepardson, Valerie Insinna and Tim Hepher

In the 1988 Steven Spielberg film Inner Space, Dennis Quaid’s character uses some sort of miniaturization technology to shrink himself so small that he can be injected into the body of a human being in a tiny submersible to reach various organs and systems. While our ability to miniaturize humans remains within the realm of science fiction, thanks to remarkable advancements in nanotechnology, it is becoming possible for us to achieve some of what was described in the movie through the use of tiny machines capable of operating at that scale.

One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric business GE Vernova as part of a record equipment order and long-term service deal

The blowout of part of the fuselage on a Boeing 737 Max flying over Oregon is the latest in a string of safety problems — including two devastating crashes — for the aerospace giant based in Arlington, Virginia

A Nevada judge has approved a $100 million cash settlement to the parents of a 31-year-old British tourist who died in a helicopter crash at the Grand Canyon

Indian economy is likely to grow at 6.2 per cent in the next fiscal, mainly due to the favourable combination of neutral policy settings, positive credit momentum, and manageable macros amid a 15-year high household debt levels, a foreign brokerage report said on Tuesday. Despite the rising external headwinds, India is likely to grow 6.2 per cent next fiscal against a consensus of 6.3 per cent to USD 3.9 trillion from USD 3.57 trillion in FY24 on a likely 7 per cent growth, as consumption growth is likely to stabilise at 4.7 per cent from 4.5 per cent in FY24, Tanvee Gupta-Jain, the UBS India chief economist, said in a note.

NEW DELHI : Bhavish Aggarwal-led Ola Electric has sold more than 8,200 scooters to promoter group company ANI Technologies Ltd, which is looking to launch and expand its electric bike taxi service in various Indian cities. Ola Electric, which has filed draft papers for an initial public offering, confirmed the numbers to Mint. However, Ola Electric’s draft papers, filed on 22 December and that cite financials till 30 June, make no mention of the related-party transaction, implying these sales occurred in the six months after June.

Hindustan Aeronautics Ltd (HAL) will be shared with the state-run company early this year, GE Aerospace Defence & Systems President Amy Gowder told ET. In an exclusive interview, the top executive said the scope of the technology transfer to HAL will be higher than what GE has done with other partners and that options to export engines and components from India are firmly on the table. She added that GE is keen to participate in the development of next generation engines for India's Advanced Multirole Combat Aircraft (AMCA) and has a technological advantage over competitors. Speaking on the landmark pact to manufacture GE Aviation's F414 INS6 engines in India with HAL as the lead partner that was announced during Modi's visit to the US, Gowder said a detailed technology transfer process is underway. «Early this year, we will have a proposal to them and that kicks off formalising the agreement with HAL and the government.