World Updates
Apraava Energy said on Wednesday that it has obtained Rs 800.9 crore (USD 92 million) from Standard Chartered and British International Investment (BII), the UK’s development finance organization and impact investor. This transaction highlights the collaboration between two UK institutions, moving commercial and development finance resources into a vital area for India’s energy transformation path, … Read more
IndiGo shares finished almost 2 percent down on Wednesday as the airline dealt with extensive flight delays and cancellations prompted by IT and operational concerns. The parent company of IndiGo, InterGlobe Aviation, saw its stock close 1.73 percent down at Rs 5,599 on the NSE. The stock came under pressure amid problems at Hyderabad Airport, … Read more
India relinquished its title as the world’s fastest-growing major industrial economy in November, as factory activity dropped more abruptly than predicted. The HSBC Manufacturing Purchasing Managers’ Index had one of the region’s worst month-over-month falls, falling from 59.2 in October to 56.6, a nine-month low. The decline was sufficient for Thailand to surpass India at … Read more
Binance CEO Richard Teng on December 3 stated with the increased legal clarity throughout the globe, crypto has sector has expanded multi-fold in the last one year, and will soon become the “global infrastructure layer.” Sharing updates on Binance’s progress at Binance Blockchain Week 2025 in Dubai, he noted that Binance Pay’s merchant base rose … Read more
On Tuesday, IndiGrid, an Infrastructure Investment Trust (InvIT) in the electricity sector, announced the signing of final agreements to purchase Gadag Transmission, an Inter-State Transmission (ISTS) project located in Karnataka, for ₹372 crore, net working capital and cash adjustments excluded. Additionally, there will be an earn-out linked to change in legislation, availability, and bilateral billing-related … Read more