Ähnliche Meldungen
Government to Sell Up to 5.04% Stake in Cochin Shipyard via Offer for Sale
The Indian government plans to sell up to 5.04% of its stake in Cochin Shipyard Ltd through an Offer for Sale (OFS). The bidding for institutional investors starts July 7, followed by retail investors on July 8, with a floor price set at Rs 1,400 per share. This move is part of the government's disinvestment program.
Alternative Fuel Vehicles Hit 40% Market Share in India for First Time
For the first time, alternative fuel vehicles (CNG, hybrid, electric) accounted for over 40% of passenger vehicle retail sales in India in June. This shift signals a strong consumer preference for fuel efficiency and lower running costs, with CNG leading the segment.
BPCL to Invest ₹10,000-12,000 Crore to Expand Retail Offerings and EV Network
Bharat Petroleum Corporation Ltd (BPCL) plans to invest ₹10,000-12,000 crore to expand its retail offerings, including its EV charging network, Drive Fresh, and Be Cafe initiatives. The company aims to increase its market share from 29.9% to 32% by 2030, shifting from a product-centric to a solution-centric approach.
Sebi Warns Reliance Industries Over Insider Trading Lapses
Sebi has issued an administrative warning to Reliance Industries after finding that two employees and a relative traded shares while possessing unpublished price-sensitive information. The regulator noted compliance lapses but imposed no financial penalties, with Reliance promising corrective measures.
China Slashes Fuel Prices Amidst Declining Crude Oil Costs
China has significantly reduced fuel prices, bringing them close to pre-war levels as crude oil costs decrease. Indian private retailer Nayara Energy has also cut its fuel rates, while state-run firms have not yet followed suit due to substantial first-quarter losses.
Henrico County Schools Dim Lights as Data Centers Drive Up Energy Costs
Henrico County, Virginia, is facing a 25% rise in electricity costs for government and schools, totaling $5 million annually, due to increased demand from 37 data centers. This has led to energy-saving measures like dimming lights, while the data center industry argues it's not responsible for wider market pressures.