No house, no bills: Meet the Indian family who sold everything to live on a floating home
No house, no bills: Meet the Indian family who sold everything to live on a floating home
An Indian family has embraced an unconventional lifestyle, leaving behind corporate jobs and a traditional home to live full-time on a sailboat. Capt. Gaurav Gautam (Retd.), a former Indian Navy officer, along with his wife, Vaidehi Chitnavis, a former media professional, and their teenage daughter, Kaeya, set sail in 2022 on their 42-foot vessel, Reeva, which is now their floating home.
Through their Instagram account, The Reeva Project, the family shares snippets of their daily life, highlighting both the joys and challenges of living at sea. A post on their account stated, “We quit our jobs to live full-time on a sailboat. We sold off nearly everything we owned to make this dream come true. This is our home sailing vessel Reeva.”
The transition to a life on water was not an easy one. The couple sold nearly all their possessions, reducing their belongings from 6,000 kg to just 120 kg. “There was no point in holding on to things we couldn't keep on the boat,” they wrote in another post. Vaidehi, in particular, struggled with parting from a cherished heirloom—a Czechoslovakian crockery set passed down through generations. However, she knew it wouldn’t last in their new home and gifted it to a close friend instead.
A Dream Delayed, But Not Forgotten
Though Gaurav had long envisioned a life at sea, the idea had to be put on hold due to logistical and financial constraints. The COVID-19 pandemic, however, reignited his dream, as falling boat prices globally made owning a sailboat a more feasible option.
After acquiring Reeva, a 1988-built Tayana Vancouver 42 sailboat, the family faced initial apprehensions about their decision. “When we made the decision to leave our landlubber life behind and embrace an entirely different lifestyle, we were stepping into the unknown,” they reflected in a post. “Now, as we sail into 2025, we carry with us two incredible years of living this unconventional life.”
Homeschooling on the Waves
One of the biggest adjustments was Kaeya’s education. Instead of attending a conventional school, she is homeschooled on the boat. Her curriculum is enriched with lessons beyond textbooks—she learns about marine life firsthand, navigates using wind patterns, and experiences different cultures during their travels. For her, vacations mean endless days of snorkeling, honing her sailing skills, and watching the sunset from the deck.
Facing Challenges, Embracing Freedom
Living on a sailboat has its challenges. From navigating stormy seas to adapting to a minimalist lifestyle, the family had to pave their own path. “Things have never been easy, we had to pave our own path, as there was no precedence of a liveaboard family from our part of the world. But nevertheless, it has been an amazing 20 months,” they shared.
Additionally, their access to everyday conveniences has changed drastically. Gaurav humorously admitted, “Do you ever crave having a hamburger and then remember you can’t order it on Zomato?”
Inspiring Others to Take the Leap
Despite the hardships, the family finds immense fulfillment in their journey. Their story has resonated with thousands, as evidenced by their growing social media following. With over 8,000 followers on Instagram and a presence on YouTube, they aim to inspire others who dream of an offbeat life.
Reflecting on their experiences, they wrote, “It hasn’t always been smooth sailing; there have been challenges, doubts, and tough days. But with every wave we’ve conquered, every skill we’ve learned, and every bond we’ve strengthened, we’ve become more resilient, more connected, and more alive than ever before.”
What Archaeology Reveals About India’s Ancient Pre-Aryan Past
India’s history is a vast tapestry woven with diverse cultures, civilizations, and peoples, many of whom predate what we now recognize as the dominant Aryan culture. For centuries, historians, archaeologists, and geneticists have sought to trace the origins of India's first inhabitants, uncovering the rich legacies they left behind. The story of these early peoples, whose societies, cultures, and beliefs laid the foundation for India's development, offers profound insights into the evolution of this ancient civilization.
The Earliest Settlers: The Ancient Ancestral South Indians (AASI)
homo sapiens
India’s first inhabitants, often referred to as the Ancient Ancestral South Indians (AASI), have been present on the subcontinent for over 65,000 years, migrating from Africa. Genetic studies suggest that these early populations moved along coastal routes, primarily through the Arabian Sea, and settled primarily in Southern India. They were hunter-gatherers who adapted to the diverse geography of the region. Evidence of their presence includes prehistoric cave paintings in sites like Bhimbetka (Madhya Pradesh), which provide a glimpse into their way of life and spiritual practices.
Genetic research further reveals that the AASI’s legacy endures in contemporary populations, especially among indigenous communities such as the Andamanese tribes and Dravidian-speaking groups in the south.
Neolithic Revolution: Transition to Settled Societies
Neolithic Revolution
Around 10,000 years ago, the Neolithic Revolution marked a transformative shift in India, as societies began transitioning from nomadic lifestyles to settled agricultural practices. Archaeological evidence from Mehrgarh, dating back to 7000–2500 BCE (present-day Balochistan, Pakistan), shows some of the earliest examples of animal domestication, wheat and barley cultivation, and pottery production.
In Southern India, sites like Piklihal and Hallur reveal evidence of millet cultivation and cattle husbandry, marking the rise of agrarian societies. The technological advances of this period, reflected in polished stone tools, signify an era of innovation and adaptation.
The Indus Valley Civilization: Early Urbanization
Indus Valley Civilization
By 2600 BCE, the Indus Valley Civilization (IVC) emerged, becoming one of the world’s earliest urban cultures. Spanning present-day Pakistan, India, and Afghanistan, the IVC had sophisticated urban centers, such as Mohenjo-Daro, Harappa, and Dholavira. These cities featured advanced urban planning, including grid-like streets, drainage systems, and uniform brick construction.
The IVC people were also skilled traders, with evidence of commerce stretching as far as Mesopotamia, Oman, and Central Asia. The legacy of their culture is visible in the many terracotta figurines, pottery, jewelry, and early forms of religious symbols discovered at these sites, including reverence for fertility and natural elements—practices that may have influenced later religious developments in India.
The Role of Indigenous Tribes
Indigenous Tribes
India's early history was shaped by numerous smaller tribal communities that maintained a close connection with nature and practiced traditional forms of agriculture. Groups such as the Gonds, Bhils, and Santhals preserved oral histories and traditions that played a significant role in India's ethnolinguistic diversity.
The Dravidian languages, spoken predominantly in southern India, are thought to have originated from the pre-Aryan linguistic traditions of these indigenous tribes. Despite the challenges posed by external influences, these tribes have remained resilient in preserving their cultural heritage, which remains a vital component of India’s identity today.
Genetic and Cultural Legacy
Modern genetic studies show that India’s population is the result of a blend of diverse ancestral groups:
Ancestral South Indians (ASI): The descendants of the AASI populations, as well as migrants from West Asia, who contributed to the gene pool of Southern India.
Ancestral North Indians (ANI): The descendants of populations that migrated into the region, bringing Indo-European languages and other cultural influences, though these groups were indigenous to the Indian subcontinent rather than originating from elsewhere.
This genetic intermingling has shaped the contemporary demographic structure of India. Culturally, it reflects in the coexistence of ancient Dravidian traditions alongside later Vedic influences.
Early Religious and Social Structures
Social Structures
The early inhabitants of India practiced forms of animism, worshipping natural forces like trees, rivers, and animals. Sacred groves, water bodies, and fertility symbols were central to their religious practices. These early forms of reverence for nature left a lasting imprint on later Hinduism, which continues to honor natural elements and animal deities.
The social structures of these communities were often egalitarian, with roles based on necessity and merit rather than rigid hierarchies. This contrasts with the more stratified social systems that emerged in later periods, such as the caste system.
The Indigenous Contributions to India's Evolution
The foundational contributions of India’s original inhabitants are evident in many aspects of modern life—from tribal art forms like Warli paintings to agricultural methods and spiritual practices. These influences have shaped India’s cultural, linguistic, and social fabric for millennia.
Preserving the traditions, languages, and lifestyles of these indigenous groups is essential for maintaining the rich diversity that characterizes India today. Efforts to protect and promote tribal cultures and heritage are crucial for ensuring that these unique legacies endure for future generations.
India’s first inhabitants played an essential role in the country’s development long before external migrations took place. Their advances in agriculture, urbanization, art, and spirituality laid the groundwork for a civilization that has spanned thousands of years. Recognizing and preserving the history of these early communities helps us understand the complexity of India’s cultural heritage and underscores the importance of safeguarding its diverse traditions.
Yunus refers to India's northeast states in bid to lure China; sparks questions
Yunus refers to India's northeast states in bid to lure China; sparks questions
Muhammad Yunus, the head of Bangladesh's interim government, during his four-day China visit, made a pitch to Beijing that surprisingly included India's seven northeastern states. He said the seven states were landlocked, and China could use Bangladesh to make extensions.
Any growing influence of China in its immediate neighbourhood would be of concern to India. Bangladesh is of strategic importance to India, and several places in the country are close to the Siliguri Corridor, also referred to as the Chicken's Neck, a tiny strip of land that connects the northeast states to the rest of India.
While urging Beijing to establish an economic foothold in Bangladesh by leveraging its strategic position as the "only guardian of the ocean" in the region, Yunus said, "The seven states of India, the eastern part of India, are called the Seven Sisters. They are a landlocked region of India. They have no way to reach out to the ocean."
"So this opens up a huge possibility. This could be an extension of the Chinese economy," Yunus further said at a high-level roundtable discussion on 'sustainable infrastructure and energy' at Beijing's The Presidential hotel on Friday.
Not just the Indian northeastern states, Yunus also referred to Nepal and Bhutan, while he tried to lure China to make investments in Bangladesh.
"That's an opportunity we should seize and implement. Nepal and Bhutan have unlimited hydropower, which is a blessing. We can bring it to our purpose. From Bangladesh, you can go anywhere you want. The ocean is our backyard," Yunus said in Beijing.
"We are the only guardian of the ocean for all this region. So this opens up a huge possibility. This could be an extension of the Chinese economy. Build things, produce things, market things, bring things to China, bring it out to the rest of the world," Yunus added.
EXPERTS QUESTION YUNUS'S REFERENCE TO INDIAN STATES
Yunus' remarks on India's seven northeastern states came in as he was speaking to several Chinese business leaders in Beijing.
Yunus, during the China visit, also sought Beijing's expertise in river water management and proposed the need for a 50-year master plan.
His remarks drew attention from Indian economist Sanjeev Sanyal, who is also a member of Prime Minister Narendra Modi's Economic Advisory Council.
"China is welcome to invest in Bangladesh, but what exactly is the significance of 7 Indian states being landlocked?" Sanyal asked on X.
"It is very disturbing and needs clarification. Is Yunus publicly calling for China to get involved in the Seven Sister states of India?" asked Chris Blackburn, a political and security analyst, on X.
An expansionist China has tried to get closer to India's northeast. It has built strategic infrastructure, dams and villages close to the border with Arunachal Pradesh, which it claims to be part of "South Tibet".
India, on its part, has tried to match up with border infrastructure, including the Arunachal Frontier Highway, officially National Highway 913 (NH-913). It isn't just another road but India's most ambitious attempt to fortify its borders with China while bringing development to one of the country's most remote and rugged regions.
YUNUS VISIT TO CHINA A MESSAGE TO INDIA?
On March 26, coinciding with Bangladesh's Independence Day, Muhammad Yunus boarded a special China Southern flight for a four-day official visit to China. During the trip Yunus, who also met Chinese premier Xi Jinping, inked several memoranda of understanding (MoUs).
The visit, coinciding with the 50th anniversary of diplomatic ties between China and Bangladesh, marked a key moment in bilateral relations between both nations.
Yunus's visit to China on Independence Day, coinciding with Bangladesh's strained ties with India, was no coincidence. It was a message in itself.
"Muhammad Yunus has chosen China for his first state visit and with this Bangladesh is sending a message," Dhaka's top foreign ministry officer, Mohammad Jashim Uddin, told news agency AFP ahead of Yunus's China trip.
Maritime ties were one of the focusses of Yunus' China visit, with Dhaka inviting Chinese firms to modernise Mongla Port and expand the Chinese Economic and Industrial Zone (CEIZ) in Chattogram.
China pledged significant financial support, including $400 million for Mongla Port, $350 million for the CEIZ, and $150 million in technical assistance, with additional grants to follow, according to news agency BSS.
With Bangladesh's economy in dire straits, attracting Chinese investment might be critical for Yunus. But what is difficult to understand is his reference to India's seven northeastern states in his investment pitch.
UK to become 'defence industrial superpower', finance minister says
UK to become 'defence industrial superpower', finance minister says
Britain's finance minister Rachel Reeves said she wanted the country to become a "defence industrial superpower" as she pumped an extra 2.2 billion pounds ($2.8 billion) into the sector in her budget update on Wednesday.
Reflecting heightened geopolitical tension and U.S. President Donald Trump's calls for Europe to do more to protect its own security, Reeves said she would focus on new technology and innovation to drive the country's defence industry.
Under new plans, 10% of the government's defence equipment budget would be spent on new technologies, she said, with a focus on drones and AI, while small companies would be given better access to defence contracts in a reform of what she called a "broken" procurement system.
The government is also setting aside 400 million pounds to be spent on UK defence innovation to bring new technology to the frontline more quickly, she said.
Reeves referenced defence throughout her speech, calling the extra cash for the sector vital in a "a more insecure world", and adding that the investment would help the wider economy.
"This additional investment is not just about increasing our national security but increasing our economic security, too. As defence spending rises, I want the whole country to feel the benefits," she said.
Prime Minister Keir Starmer last month committed to lift defence spending to 2.5% of GDP by 2027, the biggest increase in the budget since the end of the Cold War, and said Britain will aim to spend 3% of its GDP on defence in the next parliament.
India successfully tests vertically launched short range missile with low altitude capability
VL-SRSAM being test-fired from the ITR off the Odisha coast on Wednesday (Photo | Special arrangement)
BHUBANESWAR: India on Wednesday successfully flight tested the vertically launched short range surface to air missile (VL-SRSAM) from a defence test facility off the Odisha coast.
Indigenously developed by DRDO, the missile was test-fired from a land-based vertical launcher positioned at the Integrated Test Range (ITR) against a high-speed aerial target at very close range and low altitude.
Defence sources said the canisterised missile neutralised the aerial target at a very low altitude. The missile validated the near-boundary-low altitude capability of the missile system.
“The target was completely destroyed by the missile executing the high turn rate required for engaging targets at very close range, and establishing the missile’s agility, reliability and pin-point accuracy,” the Ministry of Defence (MoD) said in a statement.
The missile was test-fired by DRDO in collaboration with the Indian Navy with all weapon system elements deployed in combat configuration. It was a part of a user associate trial to validate multiple updated elements of the weapon system.
“The elements, including the missile with indigenous radio frequency seeker, multi-function radar and weapon control system, have performed as per expectations. The performance of the system was validated by the flight data captured by various range instruments developed by ITR Chandipur,” said a defence official.
Hindustan Aeronautics records ₹30,400 crore revenue despite LCA Mk-1A delay
The LCA Mk-1A programme, crucial for the Indian Air Force (IAF) to shore up its fleet, is running behind schedule due to several reasons
NEW DELHI: State-run plane maker Hindustan Aeronautics Limited (HAL) on Monday announced that it achieved a revenue of ₹30,400 crore in 2024-25 over ₹30,381 crore the previous year despite the shortfall in deliveries of the light combat aircraft (LCA Mk-1A) and the Dhruv advanced light helicopter (ALH), HAL chairman and managing director DK Sunil said.
“The deliveries of LCA were affected due to non-availability of (F404-IN20) engines. The ALH delivery schedule too got hit due to the accident in January 2025 and subsequent grounding of the fleet. However, the deliveries of other products and services were accelerated which helped us maintain the top line,” an HAL statement quoted Sunil as saying.
The engine issue has been resolved, with US firm GE Aerospace last week delivering the first of 99 F404-IN20 engines to HAL for the new LCA Mk-1A, and assuring the Indian side that production was being ramped up to execute the order, a boost for the indigenous fighter programme.
The LCA Mk-1A programme, crucial for the Indian Air Force (IAF) to shore up its fleet, is running behind schedule due to several reasons, including the delay in supply of engines. These engines are meant for the 83 Mk-1As ordered by the IAF for ₹48,000 crore in February 2021.
GE Aerospace is expected to deliver 12 engines this year.
However, the military’s ALH fleet is still grounded after a “swashplate fracture” caused the crash of a coast guard Dhruv helicopter at Porbandar in Gujarat on January 5, and experts are examining the reason for the breakdown of the critical component. The swashplate assembly is a critical part in the ALH’s transmission system.
With the order book significantly improving during the last 12 months, HAL used the year to add capacities as additional production lines for LCA Mk-1A and Hindustan Turbo Trainer-40 (HTT-40) planes were set up, apart from augmenting the aero engine capacity at Koraput in Odisha, the company statement said.
Last week, the defence ministry signed two contracts worth ₹62,700 crore with HAL for 156 Prachand light combat helicopters (LCH) for the armed forces. Also, last September, the ministry signed a ₹26,000-crore contract with HAL for 240 aero-engines for the IAF’s Sukhoi-30 MKI fighter aircraft.
The order book stood at ₹1,84,000 crore as against the opening order book of ₹94,129 crore, HAL said.
“During 2024-25, HAL received new manufacturing contracts worth ₹1,02,000 crore and ROH (repair and overhaul) contracts of ₹17,500 crore. Recently, the company signed a contract with the defence ministry for the supply of 156 Prachand LCH worth ₹62,777 crores. This is the single biggest procurement by the ministry from HAL till date,” the statement said.
With the supply chain issues stabilising, new orders in hands and enhancement of capacities, the company is gearing up for more robust performance in FY 2025-26, it added.
ITC to acquire Aditya Birla-owned paper producer Pulp & Paper Undertaking for ₹3,498 crore
ITC announced its plans to acquire Aditya Birla-owned paper producer Pulp & Paper Undertaking on Monday, March 31.
Fast-moving consumer goods (FMCG) giant ITC Limited is set to acquire Aditya Birla-owned paper-producing firm Pulp & Paper Undertaking for a sum of ₹3,498 crore to strengthen its speciality paper and paperboard business, according to an exchange filing on Monday, March 31.
“The acquisition will strengthen the market standing of ITC’s Paperboards and Specialty Papers Business and engender new opportunities in the domestic and international markets," said B Sumant, Executive Director at ITC Limited, in an official statement.
According to an exchange filing from Aditya Birla Real Estate, the divestment move is aimed at unlocking value for the firm so that it can continue to pursue growth opportunities in the real estate sector.
This deal is subject to the necessary statutory and regulatory approval, including that of the Competition Commission of India (CCI) and the company shareholders. JM Financial is acting as the financial advisor for the deal, and AZB and Partners is the legal advisor to Aditya Birla for this deal.
Aditya Birla Real Estate Share Price
Aditya Birla Real Estate shares closed 4.56 per cent higher at ₹1,969.20 after Friday's stock market session, compared to ₹1,881.75 at the previous market close. Stock markets remained shut on Monday, March 31, on the account of Eid-ul-Fitr.
Aditya Birla Real Estate shares have given stock market investors more than 580 per cent returns on their investment in the last five years and 15.15 per cent returns in the last one-year period. However, the stock has lost 4.86 per cent in the last five stock market sessions.
ITC Share Price
ITC shares closed 0.10 per cent higher at ₹409.80 after Friday's stock trading session, compared to ₹409.40 at the previous market close.
ITC shares have given stock market investors 139.83 per cent returns in the last five-year period.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies,
Stocks to Watch Today: ITC, Hindustan Aeronautics, NCC, EIL, HBL Engineering, Power Mech Projects, Prestige Estates, Desco Infratech in focus on 1 April
Stocks to Watch Today: ITC, Hindustan Aeronautics, NCC, EIL, HBL Engineering, Power Mech Projects, Prestige Estates, Desco Infratech in focus on 1 April
Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, appointments and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Stocks to Watch
Hindustan Aeronautics
The Ministry of Defence signed two contracts with the company for the supply of 156 Light Combat Helicopters (LCH), Prachand, to the Indian Army (90 units) and the Indian Air Force (66 units), along with training and other associated equipment, worth around Rs 62,700 crore. Meanwhile, in FY25, the company recorded a revenue of Rs 30,400 crore (provisional), compared to Rs 30,381 crore in the previous year. The order book stood at Rs 1,84,000 crore as of March 2025, up from the opening order book position of Rs 94,129 crore.
NCC
The company has received other orders totaling Rs 5,773 crore in March 2025. Out of these, Rs 2,686 crore relates to the transportation division, Rs 2,139 crore to the building division, and Rs 948 crore to the water & environment division.
Engineers India
The company has received consultancy assignments worth Rs 245 crore from state-owned organizations for executing projects on a cost-plus basis in Maharashtra and West Bengal.
HBL Engineering
The company has received 5 letters of acceptance for contracts worth Rs 762.56 crore for the provision of Kavach across 413 stations, covering 3,900 km. The total value of all Kavach contracts to date (during the year) stands at Rs 3,618 crore.
RITES
The company has received a Letter of Award for a project worth Rs 155.5 crore from Numaligarh Refinery (NRL). The project involves railway sidings at the NRL Panchgram Terminal, a 3rd Railway Spur at Rangapani (SMT), and Duliajan (crude oil TW loading railway siding) of Oil India. Additionally, the company has received a Letter of Award for a project worth Rs 157.25 crore from Oil India for the construction of a workmen housing complex (BQ area) at Oil India, Duliajan, on a turnkey basis under depository works mode.
Power Mech Projects
The company has secured a Rs 425 crore worth order from Mirzapur Thermal Energy (UP) (a wholly owned subsidiary of Adani Power), Mirzapur, Uttar Pradesh, for the execution of civil works and the erection of prefabricated structural steel. Additionally, it has secured a Rs 972.135 crore worth order from the National Highways Authority of India for the construction of a 4-laning bypass in Jharkhand on a Hybrid Annuity mode.
ITC
The company has entered into a Business Transfer Agreement with Aditya Birla Real Estate (ABREL) for the acquisition of ABREL’s pulp and paper business, operated under the name of Century Pulp and Paper, along with the assets, liabilities, contracts, and employees, as a going concern on a slump sale basis, for Rs 3,500 crore. The acquisition is subject to approval from the Competition Commission of India and the Ministry of Environment.
Prestige Estates Projects
The Board has approved an investment of up to Rs 1,625.04 crore in the equity shares of the company's subsidiary, Prestige Hospitality Ventures, via rights issue in one or more tranches.
Varun Beverages
The company has signed a Share Purchase Agreement with Ghana Bottling Company to acquire 100% of the share capital of SBC Beverages Ghana, and with Tanzania Bottling Company SA, to acquire 100% of the share capital of SBC Tanzania, subject to regulatory and other approvals (if any), including but not limited to PepsiCo Inc.
Borosil Renewables
The company has an outstanding standby letter of credit (SBLC) from HDFC Bank for 10.8 million euros. This SBLC was arranged by the company from the HDFC (HDFC SBLC lender) in favour of the GIFT City Branch of HDFC (HDFC lender bank) as security for the loan of the corresponding amount to the company’s step-down subsidiary, GMB Glasmanufaktur Brandenburg GmbH, incorporated in Germany. The company, through its wholly owned subsidiary, Geosphere Glassworks GmbH, indirectly holds an 86% stake in GMB. GMB has also requested the HDFC lender bank to prepone the repayment schedule and draw upon the SBLC issued by the HDFC SBLC lender towards the repayment of the principal outstanding amount to close the loan.
Vedanta
The Board has decided to extend the timeline for the fulfillment of the conditions precedent in the scheme of arrangement (including approval of the National Company Law Tribunal and approvals from certain government authorities) from March 31 to September 30, 2025. The Scheme of Arrangement is between Vedanta, Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel.
ICICI Prudential Life Insurance Company
The company has received an order from the Assistant Commissioner of Income Tax, Maharashtra, demanding income tax, along with applicable interest and penalty, totaling Rs 328.41 crore for Assessment Year 2023-24. The company will file an appeal against the said order before the Commissioner (Appeals) within the prescribed timelines.
Federal Bank
The bank has executed a binding Memorandum of Understanding with Ageas Insurance International NV (Ageas) and Ageas Federal Life Insurance Company (AFLIC) for the acquisition of a 4% equity stake by the bank in AFLIC from Ageas.
Brigade Enterprises
Brigade Group has signed a Joint Development Agreement for a new luxury residential project in Mysuru, on a land parcel of 5 acres and 12 guntas. The proposed project has a gross development value of Rs 300 crore.
Astec LifeSciences
The Board has approved the appointment of Burjis Godrej as the Managing Director of the company for 5 years, effective April 1, 2025, without any remuneration payable to him in such capacity.
Bajaj Electricals
The Board has approved the appointment of Sanjay Sachdeva as the Managing Director & Chief Executive Officer of the company for 3 years, effective April 15, 2025.
Aditya Birla Money
The company has announced the launch of a new web trading platform, ELEVATE. ELEVATE will replace ABTrade and ABTradelite, offering customers the opportunity to invest in stocks, mutual funds, IPOs, ETFs, derivatives, commodities, and more.
Mankind Pharma
The National Company Law Tribunal, Mumbai (NCLT), approved the Scheme of Amalgamation of BSV Pharma, a step-down subsidiary of the company, with Bharat Serums and Vaccines, a material subsidiary of the company. The scheme will become effective from May 9, 2022.
ITD Cementation India
The Board has approved the re-appointment of Santi Jongkongka as Whole-time Director, designated as Executive Vice Chairman, and the re-appointment of Jayanta Basu as the Managing Director of the company, effective April 1.
ACC
The Board has approved the cessation of Ajay Kapur as Whole-Time Director & Chief Executive Officer of the company, effective March 31. Further, the Board has approved the appointment of Vinod Bahety as Whole-Time Director and Chief Executive Officer for three years, and Rakesh Tiwary as Chief Financial Officer, effective April 1, 2025. Vinod Bahety has ceased to be the Chief Financial Officer of the company, effective March 31.
Mazagon Dock Shipbuilders
The Board will meet on April 8 to consider the second interim dividend for the financial year 2024-25, if any.
Power Grid Corporation of India
The Board has approved the investment of Rs 673.08 crore for the procurement of 6 numbers of 397 MVA converter transformers for the Talcher-Kolar HVDC link under the Additional Capital Expenditure 2024-29 tariff block, scheduled to be commissioned by September 2027.
Shree Cement
The clinker production capacity of the integrated cement plant of the company at Nawalgarh, Rajasthan, has increased from 3.80 MTPA to 4.50 MTPA. The increase in capacity has been achieved through investment in balancing mining equipment and other assets.
DCM Shriram
The company has commissioned a caustic soda flakes plant of 300 TPD capacity at the chemicals complex in Jhagadia, Gujarat. With this, the total capacity of caustic soda flakes that the Bharuch unit can produce goes up to 900 TPD.
Sheela Foam
Nilesh Sevabrata Mazumdar has resigned as CEO of the company.
Sun Pharma Advanced Research Company
The company has submitted an Investigational New Drug (IND) application with the US Food and Drug Administration (FDA). The IND application supports the next phase of development of SBO-154, which has completed the required IND-enabling preclinical studies with favourable results. A global phase 1 dose-escalation and expansion study has been planned to evaluate SBO-154 in the treatment of solid tumors.
Carborundum Universal
Southern Energy Development Corporation, a subsidiary of the company engaged in the power generation business, has sold a portion of its investments held in the company for Rs 96.50 crore for its business requirements.
Suprajit Engineering
Suprajit has signed Asset Purchase Agreements for the second tranche of the Stahlschmidt Cable Systems (SCS) acquisition, covering assets and certain liabilities of SCS China (Stahlschmidt Zhejiang Automotive Co Ltd) and SCS Canada (Stahlschmidt).
Reliance Industries
As part of internal restructuring, the company has transferred its 100% equity stake in Reliance Projects & Property Management Services (RPPMSL) to Reliance Retail, an 83.56% step-down subsidiary of the company, for Rs 100.4 crore. RPPMSL has ceased to be a wholly owned subsidiary of the company and has become a step-down subsidiary.
Dalmia Bharat
The company's subsidiary, Dalmia Cement (Bharat), has commenced commercial production at its cement grinding unit at Rohtas Cement Works, Bihar, enhancing its capacity by 0.5 MTPA to 1.6 MTPA. With this, the total cement manufacturing capacity of the Group stands increased to 49.5 MTPA.
BSE
The Board has approved the issue of 2 bonus equity shares for every one full paid-up equity share held by the shareholders of the company as on the record date.
GE Power India
The company has completed the sale and transfer of its hydro business on a going concern basis, by way of a slump sale to GE Power Electronics.
LTIMindtree
The technology consulting and digital solutions company announced the expansion of its global strategic partnership with Google Cloud. The company will leverage offerings powered by Google Cloud technology using Agentic AI to boost business growth and redefine the cloud landscape for clients worldwide.
Blue Star
The company has appointed Mohit Sud as Group President, Unitary Cooling Products, effective March 31.
TVS Motor
The company's subsidiary, TVS Motor (Singapore) Pte, divested its stake in ION Mobility Pte for $1.75 million.
Garden Reach Shipbuilders & Engineers
The company has achieved the highest-ever annual turnover of Rs 4,750 crore (provisional & unaudited) for FY25, a growth of 35% over the previous year.
Bombay Burmah Trading Corporation
R. Baskar has superannuated with effect from March 31 and ceased to be the Chief Operating Officer of the electromags division of the company. The Board has approved the appointment of Jeya Harris Naveen as the Chief Operating Officer of the electromags division, effective April 1, 2025.
Newgen Software Technologies
The company has received a purchase order worth Rs 35.3 crore from a customer for the supply, implementation, integration, management, and maintenance of a Centralized Trade Finance (CTF) solution, including a customer web portal. Further, its subsidiary, Newgen Software Technologies Pte, incorporated in Singapore, has executed an agreement worth $1.8 million with a customer. Its subsidiary, Newgen Software Inc, incorporated in the USA, has executed an agreement worth $1.27 million with a customer.
One 97 Communications (Paytm)
The company has received a cautionary email from the National Stock Exchange of India (NSE) and BSE, regarding the delay in submission of intimation of the Schedule of Investors/ Analysts - Earnings Call held on May 22, 2024, for the financial results for the quarter and financial year ended March 31, 2024.
Wendt India
The company has executed the trademark assignment agreement with Wendt GmbH for acquiring the absolute ownership of the Wendt brand and trademarks, with over 60 registrations in 40 countries, owned by Wendt GmbH and/or its affiliates worldwide, for up to 3.8 million euros.
Bulk Deals
Praveg
Sageone Investment Managers LLP has acquired 1.8 lakh shares in the company at an average price of Rs 516.38 per share.
Radiant Cash Management Services
BNP Paribas Financial Markets has acquired 25 lakh shares in the company at an average price of Rs 50.9 per share. However, Ascent India Fund III sold 34.7 lakh shares at an average price of Rs 51.1 per share.
Block Deals
Carborundum Universal
Promoter Southern Energy Development Corporation sold 10 lakh shares in the company to Sheel Commodities, Nemish S. Shah (HUF), and Sandhya G. Parikh at an average price of Rs 965 per share.
Ideaforge Technology
Blue Diamond Properties acquired 10.09 lakh shares in the company at an average price of Rs 344.95 per share from Florintree Enterprise LLP.
Hindustan Aeronautics
Goldman Sachs (Singapore) Pte - ODI acquired 3.85 lakh shares in the company at an average price of Rs 4,176.25 per share from Kadensa Master Fund.
Zomato
Goldman Sachs (Singapore) Pte - ODI acquired 60.07 lakh shares in the company at an average price of Rs 199.5 per share from Kadensa Master Fund.
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