Sarbananda Sonowal Reappointed as Ports, Shipping, and Waterways Minister

Hindalco to Invest Up to Rs 80 Billion in FY25 Capex

Hindalco Industries has planned capital expenditure of Rs 75–80 billion for the current financial year, as disclosed in a regulatory filing. Managing Director Satish Pai noted during the Q4 earnings call that this year’s capex guidance ranges between Rs 75 billion and Rs 80 billion. For the previous fiscal year, the company had spent Rs 65 billion on capital expenditure. Pai added that guidance for the next year will be available by the third quarter, as upstream projects begin to take shape. In the March 2025 quarter, consolidated net profit rose by sixty-six per cent to Rs 52.8..

Mining Gear Sector May Touch Rs 3.75 Trillion by 2030

India’s mining and construction equipment (MCE) sector, currently valued at Rs 1.33 trillion ($16 billion), is projected to grow at a compound annual rate of 19 per cent, reaching Rs 3.75 trillion ($45 billion) by 2030, as per the Confederation of Indian Industry (CII) and Kearney report. The CII-Kearney Vision Report positions India as a future global hub in the MCE sector. With a global market of Rs 1,50,00,000 billion ($18 trillion), the MCE sector supports infrastructure, energy, and industrial growth worldwide, contributing 16 per cent to global gross domestic product. Indiaâ€..

Sanlam Invests in Shriram AMC with 23 Per Cent Stake

South Africa-based Sanlam has invested Rs 1.05 billion for a twenty-three per cent stake in the asset management arm of the Shriram Group. This marks Sanlam’s formal entry into the Indian market. Sanlam, which manages over USD 80 billion in assets, has maintained a partnership with the Chennai-based financial group for more than two decades. With this latest investment, it becomes a co-promoter in Shriram Asset Management Company alongside ShriramCredit Company. As a result, the overall promoter shareholding in the listed entity will rise from 62.55 per cent to 71.17 per cent. Sanl..