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Delhi EV Policy 2026 paves way for hydrogen-powered vehicles
Delhi's new Electric Vehicle Policy 2026 paves the way for hydrogen fuel-based vehicles within four years, aiming to curb vehicular emissions, a major contributor to air pollution. The city plans to introduce two hydrogen-powered buses soon, with the Delhi Transport Corporation collaborating with NTPC for this initiative. This move signifies a significant stride towards cleaner, sustainable public transportation and a future-ready mobility ecosystem for the national capital.
Renfra Energy India files DRHP with Sebi to raise ₹430 crore via IPO
Renewable energy EPC firm plans to use proceeds for debt redemption, working capital needs and general corporate purposes
India's $2 billion state stake sales buck equity market slowdown
India's government secured a significant $2 billion from stake sales in state-run companies last quarter, a rare positive for the subdued capital market. This substantial divestment, primarily from Coal India and NHPC, provided a crucial boost to non-tax revenue amidst global market volatility and geopolitical concerns. The move highlights the government's strategy to bolster finances through public sector asset sales.
Amazon, Flipkart entry won't disrupt quick commerce profitability: Elara Capital
Karan Taurani, Executive Vice President at Elara Capital, said quick commerce has reached a stage where execution and profitability will matter more than price wars, despite Amazon, Flipkart and Reliance expanding in the segment.
Ola Electric, Ather Energy shares jump up to 11% as Delhi govt approves new EV policy. What to expect?
Shares of Ola Electric and Ather Energy surged up to 11% after the Delhi Cabinet approved the EV Policy 2.0 with a Rs 15,000 crore outlay. The policy offers incentives for electric two-wheelers, targets 95% EV registrations by 2027 and is expected to accelerate electric mobility adoption in the capital.
PFC-REC merger: Which stock should you buy before the mega demerger creates Rs 11 lakh cr power financing giant
Power Finance Corporation (PFC) and REC's boards have approved a merger, creating India's largest power financing institution with a Rs 11 lakh crore loan book. The combined entity is poised to capitalize on the ongoing power sector capital expenditure cycle, including renewable energy and transmission projects. Analysts suggest the merger offers strategic advantages and improved capital allocation, positioning the new giant for significant growth.
Clean Max Enviro Energy Solutions allots 41,120 equity shares under ESOS
Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs 11,71,75,990 to Rs 11,72,17,410.
Sebi seeks clarification from Jio Platforms on IPO filing
India's capital markets regulator Sebi has requested clarifications from Jio Platforms regarding its draft IPO papers. This move signals a crucial step towards what is anticipated to be the nation's largest public offering, aiming to raise approximately Rs 35,000 crore. The company plans to utilize these funds primarily for debt repayment and future expansion, marking a significant value-creation milestone for Reliance Industries.
Mammoth Energy stock jumps as Wexford Capital ups stake By Investing.com - Investing.com India
Mammoth Energy stock jumps as Wexford Capital ups stake By Investing.comInvesting.com India
India needs greater self-reliance, lower dependence on foreign capital, defence, energy and tech: Kotak - Moneycontrol.com
India needs greater self-reliance, lower dependence on foreign capital, defence, energy and tech: KotakMoneycontrol.com
Jio Platforms IPO: From AI ambitions to broadband expansion, 10 things to know from DRHP
Jio Platforms Ltd filed draft papers for an IPO to raise ₹37,700 crore, marking Reliance Group's first public offering in nearly 20 years. It plans to issue up to 27 crore new shares, representing 2.9% of post-issue equity capital.
Akash Ambani and team prepare Jio for a historic market debut
The Reliance Group company plans to raise funds through a primary issuance of 270 million equity shares, representing around 2.9% of its post-issue share capital, with proceeds earmarked largely for repayment or prepayment of outstanding borrowings worth ₹27,500 crore.