Indian Oil Corporation Limited (IOCL) has installed a rooftop solar system at its Guwahati facility to ensure an uninterrupted energy supply, improve operational efficiency, and combat the impact of energy chain disruptions and supply chain risks. Indian Oil Corporation Limited (IOCL) has expanded its renewable energy footprint by installing a rooftop solar system at its … Read more
Reliance Retail Director Isha Ambani said on Friday that Reliance Consumer Products Limited (RCPL), a unit selling everyday goods, has set a target of achieving a revenue of Rs 1 lakh crore in the next four years. Addressing shareholders at RIL’s annual general meeting, he said RCPL is the fastest growing FMCG platform in the … Read more
Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday outlined a multi-pronged growth strategy for the conglomerate, citing the filing of the DRHP for the upcoming Jio initial public offering (IPO) and expansion in new energy, artificial intelligence, consumer businesses, manufacturing, and exports as key drivers of long-term value creation for shareholders. Addressing shareholders … Read more
Gold prices are on track for a third weekly decline as the completion of an interim peace agreement between the US and Iran was offset by hawkish Federal Reserve and rate-hike predictions. After down 1.1% on Thursday, bullion dropped below $4,200 an ounce in early trading and is expected to slide moderately this week. Gold, … Read more
India is poised to become a major driver of global steel demand in the coming years, supported by large-scale infrastructure development, rapid urbanisation and investments linked to the energy transition, ArcelorMittal Executive Chairman Lakshmi Mittal said as the world’s second-largest steelmaker approaches the 20th anniversary of its formation. In a video message delivered at the … Read more
Blackstone-backed AGS Health and PGP Glass have secured SEBI’s approval to raise ₹8,600 crore collectively through initial public offerings (IPOs). In addition, Shreni Shares and SRIT India received regulatory approval to launch IPOs, according to an update from SEBI on Friday. AGS Health and PGP Glass confidentially submitted draft documents to the Securities and Exchange … Read more
SEBI Chairman Tuhin Kanta Pandey announced a new framework allowing mutual funds to use intraday borrowing for settlement mismatches, clarifying it will manage daytime liquidity and cash flow without introducing speculative risks or unwanted leverage. SEBI on Managing Mutual Fund Liquidity SEBI Chairman Tuhin Kanta Pandey addressed the media during a press conference on the … Read more
(KOEL) said on Friday, June 19 that it has received an order from HyperNext for deployment of power generation systems for a large-scale data centre project in India. The order comprises 192 MW capacity and includes 96 units of KOEL’s 2500 kVA Optiprime Dual Core power systems. The company said the systems will be used … Read more
Indian Ambassador Vinay Mohan Kwatra celebrated International Yoga Day at Washington’s Lincoln Memorial, calling yoga India’s globally embraced ancient heritage and urging its adoption for better health and well-being. Yoga: A Reflection of India’s Heritage India’s Ambassador to the United States Vinay Mohan Kwatra on Friday said yoga is a reflection of India’s ancient cultural … Read more
Rupee showed strength The Indian rupee showed strength on Friday, although it lost its initial gains and finally strengthened by six paise at 94.34 (provisional) per dollar. The strengthening of the dollar and rise in crude oil prices put pressure on investor sentiment. Foreign exchange traders said that the rupee initially opened with a positive … Read more