Ambuja Cements Raises Stake in Orient to 73 Per Cent
Ambuja Cements, part of the Adani Group, has acquired an additional 26 per cent stake in Orient Cement, increasing its total shareholding to 72.66 per cent. The acquisition was made through an open offer conducted under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, marking a major consolidation move in the Indian cement industry.As disclosed in a regulatory filing dated 18 June 2025, Ambuja purchased 53.4 million equity shares of Orient Cement at Rs 395.40 each. Prior to this transaction, it held a 46.66 per cent stake, or 95.8 million shares. With this lat..
HAL Wins Rs 5.11 Billion Deal to Build SSLV Rockets
Hindustan Aeronautics Limited (HAL), based in Bengaluru, has secured a major Rs 5.11 billion contract to develop India’s Small Satellite Launch Vehicle (SSLV), following a two-stage techno-commercial bidding process. The announcement was made jointly by the Indian National Space Promotion and Authorisation Centre (IN-SPACe) and the Indian Space Research Organisation (ISRO).With this win, HAL becomes India’s third rocket manufacturer, following private space tech firms Skyroot Aerospace and Agnikul Cosmos. Under the new mandate, HAL is expected to produce between six and twelve SSLV rockets..
Amit Shah Lays Foundation of NFSU, CFSL in Raipur
Union Home Minister and Minister of Cooperation Shri Amit Shah laid the foundation stone of the National Forensic Sciences University (NFSU) and Central Forensic Science Laboratory (CFSL) campus in Raipur, Chhattisgarh. He also virtually inaugurated the temporary NFSU campus. The event was attended by Chief Minister Shri Vishnu Deo Sai, the Union Home Secretary, and the Director of the Intelligence Bureau.Calling it a landmark day for Chhattisgarh’s justice system, Shri Shah said the three new initiatives—NFSU, CFSL, and the i-HUB—will lay the groundwork for a modern, efficient, and evid..
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