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PepsiCo India expands Green Logistics with Kosi-Pataudi EV Corridor
PepsiCo India has launched an EV Green Corridor on the Kosi-Pataudi route. This initiative aims to reduce emissions in its supply chain. The company is also converting distributor vehicles to electric and deploying CNG vehicles in NCR. This move signifies a commitment to cleaner and future-ready logistics operations.
Reliance Jio appoints 17 banks for IPO, DRHP filing likely by March-end: Reports
Reliance Jio has reportedly appointed 17 banks for its much-awaited IPO, likely via an offer-for-sale route, with DRHP filing expected by March-end as plans gather pace, Reuters and Bloomberg reported.
$200 crude oil scenario: How Reliance Industries, ONGC & OMCs stack up
Global oil prices are soaring, threatening India's import-reliant economy. A potential $200 per barrel scenario looms, impacting refiners and oil marketing companies severely. While Reliance Industries shows resilience, upstream players like ONGC face price caps. Gas companies grapple with supply route disruptions, potentially affecting industrial users and CNG availability.
China Clamps Down on Key Route to Hong Kong IPOs After Boom
Beijing is restricting Chinese companies incorporated overseas from seeking initial public offerings in Hong Kong, according to people familiar with the matter, threatening to upend a decades-old playbook that has fueled billions of dollars in share sales.
Swan Defence promoters to part-sell stake next week, appoints I-banker
Hazel Infra, the promoter entity of shipbuilder Swan Defence and Heavy Industries, is looking to part sell their holding in the company through the offer for sale (OFS) route next week, people aware of the development said on Thursday.
Jagsonpal Pharmaceutical surges as board approves Rs 40-cr buyback
Jagsonpal Pharmceutical spurted 9.33% to Rs 195.60 after the company's board approved a buyback of upto 16 lakh shares (2.39% equity) at Rs 250 per share via tender route.
Jagsonpal Pharma surges 12% after buyback plan of up to 16 lakh shares at ₹250 each
Jagsonpal Pharma's board of directors has approved the share buyback price of ₹250 apiece via the tender offer route.
Daily domestic LPG output raised by 25%: Petroleum ministry official
India's cooking gas production has risen 25 percent. Refineries are maximizing output to counter supply halts from the Gulf. This boost helps fill a gap caused by the Iran war impacting imports. Households are advised against panic booking. India's crude oil supply remains secure. Additional crude and LNG cargoes are en route to India.
India-made B28 bullet train to debut on Surat–Vapi stretch of Mumbai–Ahmedabad corridor in Aug 2027
India's first indigenous bullet train, the B28, will debut on the Surat to Vapi route in August 2027. This marks a significant step in high-speed rail indigenisation. The Mumbai-Ahmedabad corridor project is complex, involving international collaboration. Operations on this initial stretch will showcase India's advanced rail technology. The project's overall timeline depends on multiple system completions.
Explained: How Dixon, Kaynes Tech, others may benefit from latest FDI policy changes
India has eased investment rules for countries sharing a land border, allowing up to 10% foreign ownership in firms via the automatic route. Approvals for specific sectors like electronics components will now be fast-tracked to 60 days, aiming to boost domestic manufacturing and attract capital.
Sebi mulls faster ‘lodge and launch’ route for AIF schemes
Sebi may rely on due diligence certificates issued by merchant bankers for certain AIF schemes, Tuhin Kanta Pandey says. For schemes intended exclusively for accredited investors, the responsibility for disclosure diligence would rest with the AIF manager.
EV cos take corporate route to amp up sales
Electric carmakers are aggressively targeting corporate buyers this month with substantial deals, including cash discounts and corporate perks up to ₹5.2 lakh. This push is driven by financial year-end tax planning, leveraging accelerated depreciation benefits of up to 40% on EVs. Automakers aim to boost sales and clear inventory while businesses seek to optimize taxable income before March 31.