Savings Effect

Piramal Finance: The company completed its QIP, allotting 99.52 lakh equity shares at ₹2,110/share and raising ₹2,100 crore. Major allottees (>5 per cent) include ICICI Prudential, Kotak, Nippon Life India, Goldman Sachs, BlackRock, Aditya Birla Sun Life, Motilal Oswal, Quant and Axis Mutual Fund.

Oil India: Oil India signed MoUs with four Haryana municipalities for waste-to-energy projects processing 5,000 TPD of waste. The projects are expected to generate 75 TPD of CBG and 50 MW of green power, strengthening its low-carbon energy portfolio.

Nepal floods: Rescuers race to find thousands missing as death toll rises to 750 The Red Cross has estimated that more than 90,000 people are likely to have been affected by the disaster, which China has linked to the effects of climate change

India emerges as key petrol supplier to Russia amid refinery disruptions India supplied nearly 1 million barrels of gasoline to Russia over two months as Ukrainian drone strikes disrupted refinery operations and triggered a domestic fuel shortage.

UAE grants Elon Musk’s Starlink 10-year licence to provide satellite internet services The UAE has granted Elon Musk’s Starlink a 10-year licence to establish and operate a public satellite communications network and provide broadband internet services.

➡️ CEO exit adds pace to HDFC succession ➡️Tata Trusts seeks nod to snap Tata Sons chair selection jam ➡️Centre faces fertilizer subsidy heat even as urea prices ease ➡️India’s airport boom hits a patch of turbulence ➡️ Free AI makes India’s consumer protection hazy