Vizag Steel Plant Misses Payment; Lenders Seek Remedies

Reliance Plans to Sell 4.9% Stake in Asian Paints

Reliance Industries Limited (RIL) plans to sell its entire 4.9 per cent stake in Asian Paints, according to a report by The Economic Times citing sources. For this purpose, RIL has engaged Bank of America to manage the transaction.This marks a potential exit from a 17-year-old investment. RIL acquired its stake in 2008 for about Rs 5 billion. The paints sector has been under pressure due to margin challenges and rising competition. Notably, RIL had earlier considered a stake sale in 2020.Asian Paints shares were trading down 1.62 per cent at Rs 2,287.50 at 11:50 am on the day of the report.Rec..

DST, DRDO Institutes Partner to Strengthen Space Situational Awareness

The Department of Science and Technology’s (DST) institute ARIES, Nainital, has signed a Memorandum of Understanding (MoU) with the Defence Research and Development Organisation’s (DRDO) Instruments Research & Development Establishment (IRDE), Dehradun, to enhance India’s ground-based Space Situational Awareness (SSA) capabilities.Signed on 13 May 2025 by Dr Manish Kumar Naja, Director of ARIES, and Dr Ajay Kumar, Director of IRDE, the partnership will utilise ARIES’s national observing facilities, including the 3.6-metre Devasthal Optical Telescope and the ST Radar system.IRDE spe..

Minister Chairs Curtain Raiser for Rising NE Investor Summit

Union Minister of Communications and Development of North Eastern Region, Shri Jyotiraditya Scindia, chaired the curtain raiser event for the Rising North East Investor Summit 2025. The event showcased the region’s immense potential as a future growth hub for India.Shri Scindia highlighted the government’s commitment to the North East, with almost Rs 1000 billion allocated annually as part of gross budgetary support, tax devolution, and private sector participation. Once seen as the periphery, the region has now become central to India’s growth story.He emphasised the North East’s rich..