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India's first hydrogen train to roll out on July 17, regular service date awaited
Prime Minister Narendra Modi will flag off India's first hydrogen train on July seventeenth. This new train will travel eighty-nine kilometers between Jind and Sonipat in two hours. The hydrogen train will make stops at twelve intermediate stations along its route. Regular passenger service commencement date is yet to be finalized by Northern Railway. The train uses hydrogen fuel cells to generate traction power instead of diesel.
Tata Sierra EV launched at Rs 18.79 lakh with QWD, fast charging, lifetime battery warranty and more
Tata Sierra EV launched: Tata Motors has launched the Sierra EV in India, bringing quad wheel drive, a triple-screen cabin, six terrain modes, and a 15-year high-voltage battery warranty to the premium electric SUV space. The vehicle also introduces several India-first features including in-car UPI payments, AirConsole gaming, and an EV route planner for Android Auto.
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
Delhivery expands green fleet with 1,500 Bajaj electric cargo vehicles
Delhivery is accelerating its eco-friendly logistics by partnering with Bajaj Auto to deploy approximately 1,500 electric cargo three-wheelers nationwide within two years. This initiative prioritizes smaller cities, with an initial rollout of 200 Bajaj RIKI eCarts in Delhivery's last-mile network. The integration with route optimization aims to boost efficiency and slash emissions.
SEBI's open-market buyback return may boost shareholder value: EY India
SEBI's decision to allow open-market share buybacks from August 1 is expected to provide companies with greater flexibility in returning capital to shareholders, according to Mitul Shah of EY India and Bhavesh Shah of Equirus Capital. The move comes after tax changes made open-market buybacks viable again. Experts believe the route could support stock-price stability, improve capital allocation and encourage buyback activity among cash-generating companies with limited capital expenditure needs.
Mohandas Pai backs SEBI's buyback revival, says battered markets are ideal for creating shareholder value
Welcoming SEBI's decision to restore open-market buybacks, Mohandas Pai said Indian companies holding large cash reserves should use market corrections to repurchase undervalued shares, while Equirus' Bhavesh Shah expects more firms to opt for the exchange route due to its greater flexibility.
Diamond Power Infra doubles QIP size to ₹2,000 crore to meet public shareholding norms
Diamond Power Infrastructure's board has approved a fund raise of up to ₹2,000 crore through the QIP route, doubling the previously approved limit as the company seeks to meet SEBI-mandated minimum public shareholding norms.
Power Grid emerges as successful bidder for inter-regional transmission project
Power Grid Corporation of India said it has emerged as the successful bidder under the tariff-based competitive bidding route for the "WR-ER Inter-Regional Network Expansion Scheme Part-A" Inter-State Transmission System (ISTS) project.
IMEC, Indo-Pacific routes key to reducing Hormuz dependence: EY
India is urged to diversify its trade routes and develop new corridors like IMEC and the Indo-Pacific route. This aims to lessen dependence on the Strait of Hormuz amid West Asia tensions. The nation must prepare for economic shocks by building strategic reserves and shifting towards green energy.
Indian Railways Approves First Hydrogen Train Pilot On Haryana's Jind-Sonipat Route
The hydrogen train can reach speeds of up to 75 kmph and generates around 1,200 kilowatts of power using Distributed Power Rolling Stock technology.
Buyback alert! Welspun Living announces Rs 252-crore share buyback at 30% premium. Check details
Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.