AMPIN Energy Transition and Copenhagen Infrastructure Partners (CIP) have expanded their partnership to invest a total of USD 500 million in Indian renewable energy projects. This collaboration aims to establish a renewable energy asset base worth USD 2.7 to 3 billion, solidifying their commitment to India's clean energy transition.
Tourism is a sector where, instead of betting on a single stock, it is better to own a set of stocks. That will help investors gain from spending by every segment of tourists, and in every section of the hospitality ecosystem – while also avoiding some risks. For example, taking exposure only to hotel stocks comes with its pros and cons. In the event of a slowdown, a hotel company with high debt may find it tough to survive. In the past, a very large hotel group went belly up just because of this. Читать дальше...
The government has reinstated subsidies for electric three-wheeler cargo vehicles at a reduced rate, following the early achievement of sales targets. The subsidies, now capped at Rs 25,000 per unit, were temporarily halted after the targets were met within weeks of the scheme's launch. Similar reductions are expected for electric two-wheeler subsidies as sales approach this year's goals.
Union Home Minister Amit Shah said the government reduced violence in Jammu and Kashmir, North-East and Naxal-hit areas. Violence in these areas decreased by 70 percent in the last 10 years. Shah spoke at the 50th All India Police Science Conference. He said India will have one of the fastest criminal justice systems in the world.
Pragulic, a unique social enterprise in Prague, offers walking tours led by homeless individuals, aiming to break down stereotypes and raise awareness about the struggles faced by people living on the streets. Guides like Lada and Roman share their life stories of addiction, survival, and recovery, educating tourists while providing a platform for personal healing and reintegration into society.
The fundraising has increased OneIM’s size to $8 billion. The two-year-old fund plans to open an office in New Delhi, adding to its presence in New York, London, Abu Dhabi and Tokyo.
Indian electric two-wheeler manufacturer PURE EV has partnered with Arva Electric to expand into the Middle East and African markets. PURE EV will initially supply 50,000 ecoDryft and eTryst X models, eventually increasing to 60,000 units annually. This partnership aims to capitalize on the growing electric two-wheeler market in these regions, projected to reach $60.19 million by 2031.
Donald Trump Jr. has thrown in a major hint that Joe Biden may be trying to flare up a World War III before his father takes up the reigns as the US President, according to reports. Donald Trump Jr.'s latest statement has brought in a major speck of worry among the political fraternity.
The finance ministry has updated capital restructuring guidelines for non-bank public sector enterprises (PSUs) to ensure optimal fund utilization. The revised norms for listed Central Public Sector Enterprises (CPSEs) include changes to dividend payouts, share splits, buybacks, and bonus issuances.
A total of 11,216 shares changed hands on the counter till 02:12PM (IST).
Shares of Gujarat-based PSP Projects surged 14.5% to Rs 452.45 on the BSE following reports that the Adani Group is in talks to acquire a 60.14% majority stake in the company. The deal could trigger an open offer for an additional 26% stake from public shareholders. This move aligns with Adani Group's broader expansion strategy across key infrastructure sectors.
A total of 4,102 shares changed hands on the counter till 02:07PM (IST).
Andhra Pradesh has reversed a 30-year-old law that prevented people with more than two children from participating in local elections. The state aims to boost its declining fertility rate and address concerns about an aging population caused by falling birth rates and migration.
The Indian government is taking action on concerns about steel imports. The steel industry is worried about low-quality imports, especially from China. Imports are up almost 50% in the first half of this fiscal year. China's steel exports are expected to exceed 100 million tonnes this year. Vietnam is another major exporter, benefiting from a free trade agreement with India.
In the run-up to the Maharashtra and Jharkhand assembly elections, political parties are relying heavily on slogans that resonate with regional and caste-based concerns. BJP’s “Batenge Toh Katenge” and “Ek Hai Toh Safe Hai” have sparked debates, with Congress countering with “Daroge Toh Maroge.” The use of these catchy phrases reflects the evolving nature of electoral politics in India, where slogans now play a crucial role in influencing voter sentiment.
The Relative Strength Index of the stock stood at 52.54 on Tuesday.
During the G20 summit, Indian Prime Minister Narendra Modi urged UK Prime Minister Keir Starmer to expedite the extradition of Vijay Mallya and Nirav Modi, accused of major financial crimes in India. The leaders also announced plans to strengthen UK-India relations through new consulates and renewed free trade agreement negotiations.
Narayana Murthy has revealed a value that he has practiced throughout his career and has also advised senior corporate leaders to take care of the welfare of lowest-level workers. The Infosys founder made this comments in an exclusive interaction with the Economic Times. He spoke on a range of issues- from India's economic growth and AI.
Zinka IPO Allotment Status: Zinka Logistics IPO (Blackbuck IPO) shows a grey market premium of Rs 0, indicating a muted listing. The IPO received a decent subscription and will be listed on November 21.
India's hotel industry saw growth in the third quarter of 2024. The increase in revenue per available room was a significant 10.8%. Hyderabad led the way with the highest growth. The industry saw more corporate travel and events. New hotels opened across the country, especially in smaller cities. Experts are optimistic about the future of the industry.
I think in urban, it is a slightly different story. I think what we are seeing is that look consumption on its own is not being impacted, but what we are seeing is a clear shift in consumption patterns where historically a lot of the consumption would have gone towards QSRs, towards FMCG, towards traditional retail, that is shifting now whether it is a phenomenon like a fast fashion, whether it is quick commerce, whether it is a food delivery, or concert sales.
A total of 2,199 shares changed hands on the counter till 01:50PM (IST).
The Indian Hotels Company Limited (IHCL) has announced its Accelerate 2030 strategy, aiming to double its consolidated revenue to INR 15,000 crore and expand its portfolio to over 700 hotels. The company plans to invest INR 5,000 crore over five years and maintain a dividend policy of 20-40% of PAT.
Rupee slips to record low pressured by dollar bids from foreign banks, importers