NCRTC has initiated electricity procurement through the power exchange for its Ghaziabad RSS, aiming to cut operational costs and boost green energy usage. This move, expected to save around Rs 1 crore annually from a single drawl point, aligns with NCRTC’s goal to source 15% of its power from green sources.
Lenskart’s IPO plans have been formally approved by shareholders, paving the way for a stock market debut. The omnichannel eyewear firm aims to raise ₹2,150 crore as part of its public issue, potentially reaching $1 billion. Lenskart, valued at $5 billion in June 2024, saw its operating revenue rise 43% to ₹5,428 crore in FY24,…
Donald Trump and Ursula von der Leyen announced a trade deal between the US and EU, aiming to resolve a prolonged transatlantic trade dispute. Trump and Ursula von der Leyen met in Scotland for crucial discussions, seeking to resolve the prolonged transatlantic trade dispute, with negotiations reaching their final stages.
The newly signed India-UK free trade agreement, CETA, will grant British companies national treatment, enabling them to deliver services in India without establishing a local base. The agreement covers various sectors, including telecom and financial services, while safeguarding sensitive Indian sectors like dairy and rice.
In Scotland, US President Donald Trump and EU chief Ursula von der Leyen are engaging in trade deal talks to resolve a prolonged transatlantic dispute. Trump had earlier indicated a 50% chance of reaching an agreement before the August 1 deadline, with a 30% reciprocal tariff looming.
US Commerce Secretary Howard Lutnick announced that President Trump’s reciprocal tariff deadline of August 1, 2025, will not be extended. These tariffs will be implemented, with Customs beginning to collect revenue.
Tata Communications has received a demand notice of Rs 7,827.55 crore from the Department of Telecommunications (DoT) for adjusted gross revenue (AGR) dues from FY 2005-06 to FY 2023-24. The company is contesting the dues, asserting that its licenses differ from the Unified Access Service Licence (UASL) covered in a previous Supreme Court ruling.
A consortium led by Multiples Alternate Asset Management seeks CCI approval to acquire a 32% stake in VIP Industries from the Piramal family, triggering an open offer for an additional 26% stake. Valued at ₹1,437.78 crore assuming full acceptance, the deal would shift control to Multiples, with Dilip Piramal becoming Chairman Emeritus.
Tata Consultancy Services plans to reduce its workforce by approximately 2%, impacting over 12,000 employees due to economic uncertainties and AI-driven technological changes. The company will provide affected staff with severance benefits, outplacement services, and extended insurance coverage.
India’s IPO market is set for a busy week, with 14 companies launching IPOs to raise over Rs 7,000 crore. NSDL’s Rs 4,012 crore mainboard IPO leads the pack, followed by Aditya Infotech and Laxmi India Finance. Several SME IPOs and listings are also scheduled, with analysts predicting increased IPO momentum in 2025 due to…
