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
Individuals should consider investing in flexi-cap funds as they are more resilient in volatile markets. The flexibility of fund managers to allocate money across market capitalisation helps them to generate alpha consistently in these funds. The appeal of flexi-cap funds is growing. In the first half of this year, about Rs 31,500 crore has flowed
India Inc’s revenue growth is expected to improve by 100-200 basis points in FY26 compared with FY25 as the government’s GST rationalisation feeds into consumption, according to analysts and brokerages. Revenue growth for FY25 was around 5%. With GST cuts taking effect from September 22, brokerages including Motilal Oswal, JM Financial and Kotak now peg
With the Securities Appellate Tribunal (SAT) all set to hear US market maker Jane Street’s arguments against the Securities and Exchange Board of India’s (SEBI) interim order on Tuesday, there are strong chances that it could be the beginning of a long-drawn battle. The stakes are very high for both: For the market regulator, this
The deadline for filing Income Tax Return is fast approaching and many taxpayers across India must still be rushing to file their ITR for FY 2024-25 (AY 2025-26). While the e-filing system has simplified tax submissions, last-minute filings often lead to errors. These errors can result in penalties, delayed refunds or in some cases, even
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power (DGPC), on Saturday signed an agreement to set up a 570 MW Wangchhu hydroelectric project in the Himalayan kingdom of Bhutan. The Wangchhu project will see an investment of about Rs 6,000 crore in setting up the renewable energy power plant and related infrastructures. ALSO
