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A man walks past a logo of Lenskart, an Indian multinational eyewear company before the announcement of its IPO in Mumbai, on October 27, 2025. | Photo Credit: Reuters SBI Mutual Fund has invested ₹100 crore in eyewear retailer Lenskart Solutions in a pre-IPO (initial public offering) funding round. As part of the transaction, Neha…
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Under the proposal, at least 20% of the State’s total power consumption must be met by private companies and the states must assume part of the retailer’s debt, according to the Power Ministry presentation. File. | Photo Credit: K. Bhagya Prakash India is considering a bailout exceeding ₹1 trillion ($12 billion) for debt-laden State-run power…
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U.S. based IT major Cognizant, which has a substantial number of employees in India, on Wednesday (October 29, 2025) reported a 53% drop in net income for Q3 2025 to $274 million, hit by a one-time, non-cash income tax expense of $390 million. Cognizant – which follows a January-December financial year– had posted a net…
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For the second time in the ongoing financial year, state-owned miner Coal India announced an interim dividend of ₹10.25 for each equity share alongside their financial results for the second quarter Tuesday. The miner informed that the payment would be made by November 28. However, the miner’s second quarter results did not inculcate the same…
Coal gasification would help tap into the 40% deep-seated coal reserves in the country which cannot be entirely mined using traditional methods, Coal Minister G. Kishan Reddy stated at the launch of the fourteenth round of commercial mines auction Tuesday. Underground coal gasification entails converting coal, present in deep-seated reserves, into synthetic gas or syngas…
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On October 28, 2025, Nvidia CEO Jensen Huang disclosed $500 billion in chip orders. | Photo Credit: AP Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier. Hitting the new benchmark puts more emphasis on the upheaval being unleashed…
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The RBI said more than 97% of the responding DI entities were unlisted in March 2025, and that captured most of the FDI equity capital in India. File | Photo Credit: Reuters The U.S. and Singapore together accounted for over one-third of the FDI in India during 2024-25, according to the Reserve Bank’s census on…
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A view of a Hindustan Petroleum Corporation Limited depot | Photo Credit: K. Ragesh State-owned refiner Hindustan Petroleum (HPCL)’s profit after tax in the second quarter rose six-fold or about 507% on a year-over-year basis to ₹3,830 crore aided by better refining margins and a lower base effect. Gross refining margins, which is among the…
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