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Business Stories
Adani Energy Solutions fully acquires Essar’s Mahan-Sipat transmission assets – World News Network
Adani Energy Solutions Ltd (AESL), which is into power transmission and distribution, has acquired 100 per cent stake in Essar Transco Limited after obtaining requisite regulatory and other approvals for an enterprise value of Rs 1,900 crores.
India again slashes windfall tax on petroleum crude – World News Network
India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to regulate private refiners who wanted to sell fuel overseas instead of locally, to gain from firm refining margins.
Moderating US inflation, normal monsoon forecast buoy Indian stocks; IT index top mover – World News Network
Indian stock indices are off to a strong start at the opening bell Thursday, tracking firm overnight cues from US markets which rose after a softer-than-expected US consumer inflation in April.
Bybit’s Ethereum Euphoria: Predict Market Movements for the ETH ETF and Win – World News Network
Dubai [UAE], May 16: As anticipation builds for the U.S. Securities and Exchange Commission's (SEC) decision on Ethereum Spot ETF applications, Bybit, one of the world's top three crypto exchanges by volume, has launched "Ethereum Euphoria: The ETF Expedition." This event offers Bybit users the chance to win USDT and…
Aimed at enhancing computational capabilities, India to procure 10,000 graphics processing units by 2025 – World News Network
India, a mega generator of digital data, is set to enhance its computational capabilities significantly by procuring 10,000 graphics processing units (GPUs) within the next 18 months, informed the country's G20 Sherpa Amitabh Kant on Thursday.
LemFi Now Enables Instant, Low-cost Payment Transfer Services to India – World News Network
Mumbai (Maharashtra) [India]/ London [UK]/ San Francisco (California) [USA], May 16: LemFi, a leading fintech platform transforming financial services for immigrants, today announced that its international payment services are now available from Canada and the United Kingdom to India and will be available from the US to India later this…