Industry
NCLT sets the ball rolling on merger of Reliance's arm Viacom18 and Star India
The merger scheme has two stages: the transfer of Viacom18's TV and streaming assets to Digital18 and the demerger and vesting of these assets from Digital18 to Star India. As consideration for the scheme, Viacom18 will transfer streaming platform JioCinema to Digital18, which will pay the company a consideration of Rs 24,186 crore through an allotment of 24.18 billion fully paid-up shares of Rs 10 each.
India leader in Green Energy Affordability, says MNRE Secretary
India's Renewable Energy Secretary Bhupinder Singh Bhalla underscored India's leadership in renewable energy affordability at the World Hydrogen Summit 2024 in Rotterdam. Bhalla emphasized India's efficient grid infrastructure for integrating renewable energy and assured the global industry of India's capability to scale production with adequate market demand and support. He highlighted that 43% of India's current installed electricity capacity comes from non-fossil fuels, with expectations to reach 50% by 2030, reflecting India's robust renewable energy strategy.
- Dry spell impact: Darjeeling tea prices shoots up 10-15% this season
- Electioneering at its peak but diesel sales slide, petrol almost flat
- India eyes more Chabahar-like pacts: Ports Minister Sarbananda Sonowal
- Silver prices surge to nearly Rs 90,000/kg, reaching all-time high
- PhonePe UPI payments launched in Sri Lanka
- Green with Envy: Now ONGC, NTPC arm may bid for Ayana Renewable Power
- Adani Energy Solutions buys Essar Transco for ₹1,900 crore
- Vedanta subsidiary raises pricey Rs 1,804 crore debt to lend to parent
- POSH case reporting confined to a fraction of India Inc cos: Study
- Certus Capital commits Rs 400 crore through three real estate investments
- Covaxin demonstrated excellent safety record during studies: Bharat Biotech
- PNB official allegedly embezzles nearly Rs 5 Crore from Bhopal-based infrastructure company: CBI FIR
- POSH case reporting confined to a fraction of India Inc cos: Study
- Certus Capital commits Rs 400 crore through three real estate investments
- Covaxin demonstrated excellent safety record during studies: Bharat Biotech
- PNB official allegedly embezzles nearly Rs 5 Crore from Bhopal-based infrastructure company: CBI FIR
- Container volume likely to grow 8 pc to 342 million tonnes this fiscal: Report
- Dixon ropes in Realme, plans to manufacture display modules for mobile phones: MD
Auto News
- Strong sales growth for entry-level two-wheelers in H2 of FY24; big relief for automakers
- Mahindra Group to invest Rs 37,000 crore in auto sector, plans to launch 23 new vehicles by 2030
- Will China become the cat among India's EV pigeons?
- Two-wheeler makers ride high on record sales of branded spare parts
- Mahindra XUV 3XO receives over 50,000 bookings within 60 minutes, deliveries to start from May 26
Banking/Finance News
- Japan's Mizuho hires Sanjay Nayar as advisor for Mizuho Bank India
- PhonePe UPI payments launched in Sri Lanka
- PNB official allegedly embezzles nearly Rs 5 Crore from Bhopal-based infrastructure company: CBI FIR
- LIC Housing Finance eyes lower double digit loan portfolio growth in FY25
- RBI warns NBFCs a mode they use for giving loans may bring grief
Cons. Products News
- Dry spell impact: Darjeeling tea prices shoots up 10-15% this season
- Silver prices surge to nearly Rs 90,000/kg, still enough room for prices to move north
- Dixon ropes in Realme, plans to manufacture display modules for mobile phones: MD
- Dixon signs pact with Acerpure to make consumer appliances
- Nandini’s partnership with T20 world cup will help dairy brand in global market, says Karnataka CM Siddaramaiah
Energy News
- Electioneering at its peak but diesel sales slide, petrol almost flat
- Adani Energy Solutions buys Essar Transco for ₹1,900 crore
- Delhi's power demand peaks at 6,780 MW; may reach 8,000 MW this summer: Discoms
- Govt extends oil exploration licensing bid deadline to July 15
- Reliance faces many hurdles in getting crucial crude delivered as global market struggles
Must Watch
Renewables News
- Vikram Solar bags order to supply 397.7 MWp solar modules to NTPC's Khavda project in Gujarat
- Green with Envy: Now ONGC, NTPC arm may bid for Ayana Renewable Power
- India leader in Green Energy Affordability, says MNRE Secretary
- After rooftop scheme, plan in works to drive solar pumps
- Share of non-fossil fuel to grow to 50% in domestic energy generation capacity by 2030: MNRE Secy
Healthcare/Biotech News
- Set up system for reporting adverse events: Regulator to medical device companies
- Alembic Pharma plans to launch 25 drugs in US generics segment this fiscal
- Covaxin demonstrated excellent safety record during studies: Bharat Biotech
- Hospital chain Artemis Medicare raises Rs 330 crore from IFC
- Diminishing healthcare quality, worsening patient health outcome: Lancet study decries healthcare privatisation
Services News
- Certus Capital commits Rs 400 crore through three real estate investments
- More Indians are travelling than ever before: Mastercard Economics Institute on travel in 2024
- Reliance Retail partners with UK-based fashion retailer ASOS
- Narayana Health acquires 1.2 acres in Bengaluru for Rs 169 crore
- ArisUnitern enters into a development management agreement with Essem 18’s Real Estate Portfolio
Media/Entertainment News
- NCLT sets the ball rolling on merger of Reliance's arm Viacom18 and Star India
- Banita Sandhu joins 'Bridgerton Season 3' Netflix series as Miss Malhotra: Know full star cast and other details
- 450 single screen cinema theatres in Telangana to shut down for two weeks
- Navrattan Group's Himansh Verma announces launch of new OTT platform
- ZEE Entertainment gets rights to broadcast DP World ILT20 season 3
Transportation News
- India eyes more Chabahar-like pacts: Ports Minister Sarbananda Sonowal
- Container volume likely to grow 8 pc to 342 million tonnes this fiscal: Report
- Norway sovereign wealth fund excludes Adani Ports over ethical concerns
- India's aviation may fly into a good growth zone, air passenger traffic may grow around 8-11%: ICRA
- Air India fundamental rights claims not valid since it is now a private airline, Supreme Court rules