Hindustan Coca-Cola Beverages lines up 1,127 crore for new unit, expansion in Andhra Pradesh

Hindustan Coca-Cola Beverages is set to invest over Rs 1000 crore in Andhra Pradesh, focusing on enhancing beverage production. A new manufacturing unit will be built in Vizianagaram, complementing the expansion of an existing facility. This strategic move, sanctioned by the State Investment Promotion Committee, aims to meet the increasing demand for beverages across southern…

Centre rap pushes BHEL to diversify beyond thermal

Bharat Heavy Electricals Limited is pursuing coal gasification and coal-to-chemicals opportunities. The company expects progress in hydro power and pumped-storage projects this fiscal year. This strategic shift follows a recent assessment regarding its Maharatna company status. BHEL holds a substantial executable order book, with thermal business as its main anchor. The firm aims to build…

US 10-year Treasury bond yields hit 19-year high ahead of Fed rate decision

Treasury yields climbed significantly on Tuesday, reaching their highest levels since 2007. Rising oil prices and global inflation pressures are fueling these market movements. Investors anticipate the Federal Reserve will soon implement its first interest rate increase. This potential hike aims to address persistent inflation concerns across the economy. Bond markets worldwide are experiencing similar…