Gold
Vedanta plans to invest around $550 million in AvanStrate
Vedanta Limited is set to invest approximately $550 million in its group company, AvanStrate Inc. (ASI), a global leader in display glass manufacturing. Earlier this year, Vedanta acquired a 98% stake in ASI, and this new investment is aimed at driving innovation and expanding ASI’s capabilities in research and development (R&D), manufacturing, and product offerings.AvanStrate operates in Taiwan, South Korea, and Japan and is focused on developing next-generation glass products for advanced packaging. These innovations are expected to cater to high-growth sectors such as semiconductors, ..
SBI to sell 100 billion-rupee infra bonds by end of November
State Bank of India (SBI), the country’s largest lender, is set to issue infrastructure bonds worth 100 billion rupees (approximately $1.19 billion) by the end of November. This move comes as demand for credit remains strong in sectors such as steel, roads, and renewable energy.The bond issuance will be SBI's third this year and is expected to raise funds for long-term infrastructure development projects. According to sources with direct knowledge of the matter, the bank will issue a 15-year bond to meet its financing needs. While SBI's board has already approved the bond issue, it did not p..
Central govt approves fire services projects worth Rs 725 cr for 3 states
The Union government has approved fire services expansion and modernization projects worth Rs 725.62 crore for three states—Chhattisgarh, Odisha, and West Bengal. The approval was given by a high-level committee chaired by Union Home Minister Amit Shah, which also included Finance Minister Nirmala Sitharaman and Agriculture Minister Shivraj Singh Chouhan.The funds will be distributed as Rs 376.76 crore for West Bengal, Rs 201.10 crore for Odisha, and Rs 147.76 crore for Chhattisgarh under the 'Expansion and Modernisation of Fire Services' initiative. This initiative is part of the Ministry o..
