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ReNew plans to sell its hydropower unit for approximately ₹1,000 crore. This move aligns with the company’s asset recycling strategy for new projects. The unit, acquired from Larsen & Toubro, houses projects in Uttarakhand. Several firms engaged in hydropower generation are likely to be approached. ReNew is recovering from a failed bid to go private…
Vehicle registrations saw a significant 26% year-on-year increase in July. This performance marked the best-ever July for all vehicle segments combined. Two-wheeler sales grew 28%, while passenger vehicles climbed 19% last month. Rural markets outperformed urban centers across most vehicle categories. Electric vehicle adoption also reached new record highs in July.
Manipal Hospitals plans future growth through acquisition integration and market expansion. The company will focus on improving clinical complexity and patient experience. Large hospital acquisitions are becoming scarce, shifting focus to organic growth. Manipal aims to increase bed capacity and utilization over the next three years. Affordability will be managed by enhancing complexity rather than…
JSW Energy’s renewable arms secured over four thousand crore rupees in long-term loans. These funds will finance ongoing and future renewable energy projects for the company. Axis Bank, Bank of Maharashtra, and NaBFID provided the substantial financing. The loans feature competitive interest rates and extended repayment periods. This move highlights a preference for bank financing…
Sitharaman accused the opposition leader of “spreading a canard” and clarified that MDR “applies only on the merchants and not on the end users/customers,” adding that the revenue would let banks and fintechs invest in infrastructure, innovation and security, benefits she said would eventually flow to all UPI users.
In a strategic move, Alphabet is aiming to raise $20 billion to $25 billion through a US bond offering, occurring shortly after a significant sell-off fueled by its recent capital expenditure outlook. The tech landscape is shifting, with major players looking to debt markets to finance their ambitious AI initiatives, projected to exceed $730 billion…
Approximately sixty percent of Kolkata’s real estate projects will soon receive clearance. Most remaining projects are expected to be approved before August fifteenth. This follows mandatory scrutiny of buildings taller than four floors by the Kolkata Municipal Corporation. The government has made significant progress in reviewing these development proposals. Restarting construction activity will benefit the…
Occidental Q2 2026 slides: $17B debt cut, $4B cash flow target by 2030
Riachuelo Q2 2026 slides: record margins, 12th quarter of growth
SAD MLA Ganieve Kaur Majithia moves privilege motion notice against Punjab minister Harpal Singh Cheema