India has increased its oil refining capacity by only 5% over the past seven years, falling far short of the 69% growth that had been targeted for 2025. Factors such as uncertainty around future demand due to climate considerations, limited land availability, and disruptions from the COVID-19 pandemic have significantly slowed expansion efforts. This shortfall […]
The Open Network for Digital Commerce (ONDC) is considering reviving its subsidy program with a proposed incentive pool of Rs 100–150 crore for food delivery partners operating on its platform. If implemented, the move would mark a significant policy reversal for the government-backed e-commerce platform, which had previously scaled back such incentives.The new subsidy plan, […]
NEW DELHI: National Highways Authority of India (NHAI) plans to bid out 124 highways and expressway projects worth Rs 3.4 lakh crore in current financial year (2025-26). NHAI has put the entire list of projects in public domain, amid a sense of uncertainty among the highway developers.In last two years, there has been a slowdown […]
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old US cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast […]
MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10% stake in the company through an initial public offering that could be worth around Rs 10,000 crore. On Tuesday, the AMC had filed the papers […]
India is preparing to consolidate a fragmented set of incentive schemes into a single, streamlined framework, to secure its supply of critical minerals and rare earth magnets — materials essential for electric vehicles, clean energy, and defence systems — amid growing disruptions from China, the world’s largest supplier. The plan — now under active inter-ministerial […]
A joint venture between ICICI Bank and Prudential Corporation Holdings Limited, the fund house has been operating since 1998. (AI image) Mumbai: ICICI Prudential Asset Management Company Ltd has filed its Draft Red Herring Prospectus with markets regulator SEBI for a Rs 10,000 crore IPO. The shares on offer constitute 10% of the total equity […]
Business Wire India – Aiming to build a Bitcoin portfolio – Change of name and capital measures planned Nakiki SE (ISIN: DE000WNDL300) is planning a strategic realignment with the aim of becoming the first German listed company with a pure Bitcoin treasury strategy. A Bitcoin treasury strategy means that a company focuses its […]
Elon Musk’s firm plans $1 billion share sale (Picture credit: PTI, AP) Elon Musk’s SpaceX is preparing to raise fresh capital and allow employees to cash out in a tender offer that would peg the company’s valuation at around $400 billion, potentially making it the most valuable privately held firm in the United States, according […]
IndiGo is likely to convert its purchase rights for 40 Airbus A350 aircraft into a confirmed order, according to a senior executive at the European aerospace giant. If finalised, this would take the airline’s total firm A350 orders to 100.“They actually will order more aircraft… because they believe they will need those aircraft. And so, […]
