Delhi is set to welcome Bharat Taxi, India’s first cooperative-based taxi service, offering an alternative to existing app-based cab aggregators. Launched by the Central Government, the platform aims to provide fair pricing, improved driver welfare, and reliable urban mobility. Service Features and Passenger Experience Operated by Sahakar Taxi…
according to Group Chairman Anil Agarwal. Business Restructuring and Capital Allocation Vedanta has received approval from the National Company Law Tribunal for its demerger, resulting in the creation of four independent entities: Entity Focus Vedanta Aluminium Aluminium production and greenfield projects Vedanta Oil & Gas Onshore, offshore, and…
withdrawn their IPO plans. Significance of SEBI Observation Letter An observation letter from SEBI is a critical step in the IPO process. Once received, companies are permitted to launch their IPO within 12 months. For firms filing draft papers through the confidential route, this timeline extends to 18…
The proposed investment could value OpenAI at over $500 billion. Amazon’s investment is expected to be around $10 billion, though the exact size and structure of the deal may change. In October, OpenAI completed a $6.6 billion secondary share sale, allowing employees and former staff to sell shares…
Jindal Supreme (India) Ltd filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 9, 2025, to raise capital through an Initial Public Offer (IPO). The proposed IPO will be a book-built issue comprising 1.34 crore equity shares, to be…
The Government of India has announced an Offer for Sale (OFS) in Indian Overseas Bank (IOB) to reduce a portion of its stake in the public sector lender. Details of the Offer for Sale Parameter Details Stake Offered Up to 2% of outstanding equity Greenshoe Option Additional 1%…
KP Group has entered into a strategic Memorandum of Understanding with the Government of the Republic of Botswana to collaborate on the development of large-scale renewable energy generation, energy storage, and transmission infrastructure. The agreement supports Botswana’s goal of moving towards a net-zero economy by 2030 and represents…
The Securities and Exchange Board of India (SEBI) approved changes to mutual fund expense ratio norms on December 17, 2025. The overhaul aims to lower investor costs, improve transparency, and enhance retail participation in mutual funds. Under the new framework, the Total Expense Ratio (TER) has been redefined…
NTPC Green Energy Limited has brought an additional 37.925 MW of solar power capacity into commercial operation at its Khavda Solar Energy Project in Gujarat, further expanding its renewable energy portfolio under the hybrid power development framework. Project Update The newly operational capacity is part of the 450…
Indian companies are expected to roll out average salary increases of about 9% in 2026, in line with the previous year, according to a recent Mercer Total Remuneration Survey covering more than 1,500 organisations. The findings indicate sustained confidence within the corporate sector despite a challenging global environment.…