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In recent years, maize has overtaken traditional sugarcane-based feedstocks to become the primary source of raw material for ethanol production process in India. The role of maize in India’s ethanol blending programme has strengthened considerably during the Ethanol Supply Year (ESY) 2024–25 (November-October), reflecting a clear shift in feedstock dynamics. Maize emerged as the dominant […]

According to SEBI’s adjudication order, this action is the outcome of a multi-year investigation spanning FY17 through FY20. | Photo Credit: HEMANSHI KAMANI The Securities and Exchange Board of India (SEBI) on Wednesday levied aggregate monetary penalties of ₹1.35 crore on Oriental Trimex, its promoters, and other associated parties for alleged large-scale misstatement and manipulation […]

SBI Funds Management Ltd. may file draft papers for an initial public offering next month, according to people familiar with the matter, in what could be the biggest listing by an asset management company in India. The nation’s biggest asset manager plans to submit its draft red herring prospectus for the IPO that could raise […]

Kuldeep Jain, Founder and Managing Director, CleanMax Enviro Energy Solutions CleanMax Enviro Energy Solutions scaled back its fundraise from over ₹5,000 crore to ₹4,600 crore for its initial public offering on February 23, amid renewable sector headwinds marked by sliding valuations and cautious investor sentiment. Founder and Managing Director Kuldeep Jain speaks about pricing discipline, […]

Gold slipped further below $5,000 an ounce in thin trading, with much of Asia closed for the Lunar New Year and after a US holiday on Monday. Bullion fell as much as 1.4% on Tuesday, having lost 1% in the previous session. The metal had rallied briefly on Friday when modest US inflation data boosted […]

Sunny Kumar Singh, Founder & CEO, DIAMANTE Caratix Jovella, a leading luxury jeweller, has launched a new brand DAIMANTE that combines artificial intelligence–assisted design with traditional craftsmanship to create jewellery that reflects modern values without losing emotional depth. At DAIMANTE, every design begins with AI-generated forms inspired by nature, geometry and energy. These concepts are […]

India has agreed to phase out its imports of Russian crude oil and replace them with US and Venezuelan crude, according to US officials | Photo Credit: iStockphoto Moody’s Analytics has emphasised that turning away from Russian oil will push up domestic energy prices. However, an immediate halt of the geopolitically-sensitive commodity by New Delhi […]

Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Infosys, and Life Insurance Corporation of India. The combined market valuation of six of the top 10 valued firms eroded by more than ₹3 lakh crore last week, […]

PhonePe, which built its scale on the Unified Payments Interface (UPI) with over 657 million registered users, is leveraging payments as a distribution layer rather than a primary revenue engine. | Photo Credit: SAMYUKTA LAKSHMI Walmart-backed fintech major PhonePe is sharpening its financial services play ahead of its proposed public listing, as lending and insurance […]

Wall Street is grappling with mounting fears that rapid advances in artificial intelligence could disrupt multiple industries, triggering a sweeping stock selloff. The downturn began in software stocks but quickly spread to financial brokerages, data analytics firms, insurers, real estate services and logistics companies. | Photo Credit: Brendan McDermid/Reuters Wall Street is in the grip […]