The government is considering further easing the norms for setting up petrol pumps in the world’s fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order. The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies
India achieved 20% ethanol blending in petrol last month — marking a nearly 13x increase over the past 11 years. The milestone has garnered a mixed response, with many vehicle owners expressing concern about its impact on car performance. Top government officials have also come forward to debunk claims around vehicle safety and engine performance. Pricing
Tata Motors is hoping for the completion demerger of its commercial vehicles business by October 1. In an exchange filing, containing Q1 results, Tata Motors said that the final hearing for the scheme of demerger was concluded by the National Company Law Tribunal on August 8, and an order is reserved. PB Balaji, Group Chief
US-based data analytics firm Cloudera has partnered with India’s Krutrim, an AI venture founded by Ola’s co-founder Bhavish Aggarwal, to provide large-scale AI and data analytics solutions to Krutrim’s clients. The deal, announced at Cloudera’s EVOLVE25 conference in Singapore, will see the company’s data and AI stack powering critical workloads on Krutrim Cloud, starting with
American fried-chicken chain Popeyes, whose India franchise is with Jubilant FoodWorks, will five new stores in Mumbai as part of its store expansion plan. The brand aims to touch 250-outlets in the next 3-4 years from 63 stores now. Sameer Khetarpal, Jubilant FoodWorks MD & CEO tells Viveat Susan Pinto how the firm is differentiating Popeyes from its
Torrent Power reported a 24.7 per cent YoY profit decline in the first quarter of FY26. The company posted a profit (attributed to owners of the company) of Rs 731.44 crore in Q1FY26. In the same quarter of FY25, the power company’s profit stood at Rs 972.24 crore.Furthermore, Torrent Power’s revenue also slipped by 12.48
China’s Ant Group is selling its 5.84 per cent stake in Paytm, says a Reuters report. Ant Group, an Alibaba Group company, will sell its stake in the Indian payments major for an approximate value of Rs 3,800 crore or $433.72 million.The report says that Ant Group is offloading its stake in Paytm at a
Ahead of the August 7 hearing in the Supreme Court on the Bhushan Power & Steel (BPSL) matter, many insolvency experts feel that the best- case scenario for the company and all stakeholders would be one where the current management is allowed to run the company. JSW Steel, which acquired BPSL for Rs 19,700 crore
SBI Life has launched a term insurance plan called ‘SBI Life – Smart Shield Plus’, designed for consumer’s evolving insurance needs, the insurer said in a statement. Claiming to have some ‘future-ready features’, the term insurance plan comes with an increasing cover, whole life protection and optional benefits, it said. “This individual, non-linked, non-participating, pure
VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of 2026.The deal will involve Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out of VinFast
Regaal Resources IPO was subscribed 159.88 times on the final day of bidding on August 14. The issue received 335 crore bids for the offered 2.09 crore equity shares. Regaal Resources IPO’s Non-Institutional Investors portion was subscribed 356.73 times, receiving 160 crore bids for 44.9 lakh shares. The issue’s Qualified Institutional Buyer portion was subscribed
In the world of investing, you will probably find only a handful of people who have managed to achieve ‘legend’ status. Warren Buffett is one of them. 94-year-old Buffett, who now has a personal fortune of over $140 billion, transformed investing into an art and discipline. His ideas – which he has shared over the
IKEA has opened its first store in the national capital, a 15,000 sq ft space in west Delhi’s Pacific Mall, as the Swedish home-furnishings giant accelerates its push into high-footfall urban locations. ALSO READFrom Taj to Ginger: Inside Indian Hotels’ Rs 204 crore mid-scale play Part of a wider omnichannel push The move follows the
