The push for wider PNG adoption gathered pace during the Middle East conflict earlier this year. (Image for representative purpose only) Looking to push for faster adoption of piped natural gas (PNG), the government has introduced an additional incentive for city gas distributors to expand household piped-gas networks. The scheme offers 200 standard cubic metres…
Indian equities have declined over the past two weeks despite a brighter earnings outlook. India’s stock market, among the worst performing this year, has now replaced Indonesia to become the ‘least-favoured’ stock market in India, as per a fund managers’ survey by Bank of America Corp. This signals growing investor caution for the Indian stock…
Shiprocket made stellar market debut, reached high of Rs 144 post listing Shares of e-commerce logistics platform Shiprocket made a strong debut on the stock exchanges on Wednesday, listing at a premium of around 35% over its issue price amid strong investor demand for the company’s initial public offering.On the NSE, Shiprocket shares opened at…
Brent futures have risen by around $10 a barrel over the past two weeks, moving above $91 a barrel on Tuesday. Indian refiners are getting crude at high premiums, a contrast to the situation a few weeks ago when global oil prices had dropped. In fact, the price that Indian refiners are paying for crude…
Klaus Zellmer, the Chief Executive Officer (CEO) and Chairman of the Board of Directors of Škoda Auto. (Photo: Reuters) MUMBAI: Skoda Auto is gearing up to debut its electric vehicle (EV) in India in 2028, CEO Klaus Zellmer said in an interview here on Tuesday.The company is looking to step up growth in the market…
The Income Tax Department on Tuesday launched a nationwide verification exercise. (Photo: IANS) NEW DELHI: The income tax department on Tuesday said it conducted a nationwide field verification exercise, including in some border districts, against a group of entities and fictitious charitable trusts, alleged to have sent “large” amounts of funds outside the country over…
Tata Sons was forced to adjourn its 108th annual general meeting on Tuesday after a regulatory action deprived the company of the quorum required to transact business. MUMBAI: In a first, Tata Sons was forced to adjourn its 108th annual general meeting on Tuesday after a regulatory action deprived the company of the quorum required…
Prisma Global’s bond offering draws strong investor response, expanding India’s AI companies’ access to debt markets MUMBAI: A Rs 50-crore bond offering, at an interest rate of 10% for a two-year tenure, opened for subscription on Monday, and was fully subscribed within the first hour. By 3pm the issue was subscribed nearly eight times. There…
Government approves 31 more ECMS applications, attracting proposed additional investments of Rs 7,877 crore NEW DELHI: Govt has approved another 31 applications, involving proposed additional investments of Rs 7,877 crore under the Electronics Components Manufacturing Scheme, or ECMS. The projects will manufacture products, including printed circuit boards, camera modules, optical transceivers, electronic enclosures and materials…
Crude prices surge past $90 per barrel as ceasefire hopes dim Oil prices inched higher on Tuesday, with Brent crude surging past the $90-a-barrel mark as hopes of an early end to the Middle East war remained uncertain. Iran signalled a shift towards a more offensive military approach, while US ruled out extending the ceasefire,…
