NEWS
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Oil marketing companies to set up 7,432 EV charging stations
14 Dec 2023
The ministry of heavy industries has sanctioned Rs800 crore as capital subsidy to the three public sector oil marketing companies (OMCs) for setting up 7,432 electric vehicle charging stations under Phase II of the FAME scheme.
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ITC consumer goods revenues up 14% in FY23
14 Dec 2023
Home-grown consumer goods major ITC Ltd reported a 14 per cent increase in revenues from its packaged consumer goods business in the financial year 2022-23, with income from the cigarettes business also growing.
SpiceJet plans to raise Rs2,250-cr through private placement
14 Dec 2023
The board of directors of SpiceJet has approved a proposal to raise around Rs2,250 crore, through the issuance of equity shares/equity warrants under a private placement basis to various investors.
COP28 finally agrees on deal to phase out fossil fuels
14 Dec 2023
While several governments pledged to triple renewable energy capacity by 2030, the world is far away from achieving the original Paris Agreement goal of reducing greenhouse gas emissions by 43 per cent and thereby limiting global warming to 1.5 degree C by 2030
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Proposed changes in China spark concerns among venture capital and private equity funds
13 Dec 2023
In a move that has stirred controversy within China’s financial circles, the country’s securities regulators recently unveiled draft rules proposing a substantial increase in the investment threshold for private equity (PE) and venture capital (VC) funds.
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Pfizer is set to acquire Seagen for $43 billion and create a new oncology division
13 Dec 2023
In a significant move, Pfizer has announced its anticipation of concluding the $43 billion deal to acquire cancer drug maker Seagen by 16 December 2023.
Tesla unveils Optimus Gen 2: A leap forward in robotics
13 Dec 2023
The Optimus Gen 2 maintains a similar outline to its predecessor but introduces significant improvements, particularly in its limbs, providing a more lifelike range of motion.
Centre halves wheat stock limits for traders, processors
12 Dec 2023
The centre on Friday announced fresh stock limits on wheat held by traders – both wholesale and retail – as also retail networks and processors
Saudis set to take control of London’s Heathrow Airport
12 Dec 2023
Investors from the Middle East, more specifically, Saudi Arabia, are all set to take majority control of London’s Heathrow Airport (LHR), the main international airport serving London
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Supreme Court upholds abrogation of Article 370 in J&K
12 Dec 2023
The Supreme Court has upheld the Indian Union government’s decision to revoke the special status enjoyed by Jammu and Kashmir; it has revoked Article 370, which was promulgated in 1949, after the first war with Pakistan over the control of this territory.
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Hindalco to invest Rs 800 crore in Odisha for battery foil unit
12 Dec 2023
Hindalco Industries, a company under the Aditya Birla Group, is to invest Rs 800 crore in expanding its manufacturing capacity of high-quality aluminium foil.
JPMorgan Chase plans to outsource local custody business in Hong Kong and Taiwan
12 Dec 2023
JPMorgan Chase, the world’s third-largest global custodian, is set to outsource the operations of its local custody business in Hong Kong and Taiwan.
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