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Business

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Business

Private capex stays sluggish in Q4FY25 despite growth in new tasks: Report

This is an AI-generated picture, used for representational functions solely. NEW DELHI: Private capital expenditure (capex) in India remained weak in the fourth quarter of FY25, whilst total venture bulletins surged, in keeping with a report by Avendus Spark. While new venture bulletins throughout the private and non-private sectors rose by 22.7 per cent year-on-year

Business

NMDC iron ore output, sales rise in April 

National Mineral Development Corporation (NMDC). | Photo Credit: Special Arrangement State-owned NMDC reported iron ore manufacturing rose practically 15% in April at 4 million tonnes from the three.48 MT a 12 months earlier. Sales for the month elevated nearly 3% to three.63 MT (3.53 MT), the corporate mentioned in a submitting on Friday.

Business

Vodafone Idea to amend shareholders’ pact to retain promoter control despite government’s 49% stake

Debt-laden Vodafone Idea Ltd (Vi) stated on Friday that its board has authorised adjustments to the shareholders’ settlement to enable promoters — Aditya Birla Group and Vodafone Group — to retain governance and administration rights, even because the Indian government’s stake within the firm has risen to 48.99%.The proposed modification, authorised throughout a board assembly

Business

SC junks JSW’s Resolution Plan for Bhushan Steel

The Supreme Court rejected the Resolution Plan submitted by JSW Steel for Bhushan Steel and Power Ltd.. File | Photo Credit: SHASHI SHEKHAR KASHYAP The Supreme Court, in a judgment, on Friday rejected the Resolution Plan submitted by JSW Steel for Bhushan Power and Steel Ltd (BPSL). The National Company Law Appellate Tribunal had beforehand

Business

Reliance Power arm signs 25-year long-term PPA with SECI

To obtain the contracted capability of 930 MW, the venture will deploy greater than 1,700 MWp of put in photo voltaic era capability, the corporate stated. | Photo Credit: Sunil Kataria Reliance Power Ltd’s subsidiary, Reliance NU Suntech Private Ltd. stated it has signed a 25-year long-term energy buy settlement (PPA) with the Solar Energy

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