SPACE SECTOR
Delhi AQI remains ‘very poor’ at 367; rain may bring marginal relief in coming days
Delhi's air quality recorded a very poor AQI level of 367 on Saturday, slightly down from 373 on Friday. Upcoming rainfall is expected to provide marginal relief, leading to improved air quality conditions. Monitoring data indicates that vehicular transport and stubble burning are primary pollution contributors in the region. Satellite observations detected numerous crop residue-burning incidents across six states, impacting air quality.
Softbank further trims India exposure, offloads Meesho shares worth Rs 1,885 crore
In the latest transaction, SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in Bengaluru-based Meesho, according to the block deal data on the National Stock Exchange (NSE). The share sale was executed on Friday at an average price of Rs 246.75 apiece, taking the total deal value to Rs 1,885.17 crore.
Investors flock to Anthropic IPO but question durability of AI lead
The Anthropic roadshow is scheduled to run through next Wednesday, when the AI company is expected to price the $64 billion deal. Anthropic and its investment banks are meeting prospective investors in New York, Boston and San Francisco to gauge demand for the offering, one of the people and a third person familiar with the matter said.
Purav Jha’s Mumbai home is a serene, green abode for gaming enthusiasts: House has PS5, enormous floor-to-ceiling windows, indoor plants
YouTuber Purav Jha recently shared a preview of his lovely Mumbai flat with his followers. The influencer shared a glimpse of his house with Mashable India. Let's also have a peek at his lovely house. The living space is roomy. It is distinguished by its delicate and simple décor.
Opening space sector unlocked new avenues for private players, startups: PM Modi
Prime Minister Narendra Modi said opening up India’s space sector to private companies and startups has created new opportunities for young innovators to build rockets and launch satellites. Speaking at the inauguration of the COSMOS-Mysuru Planetarium in Mysuru, he highlighted India’s progress in space exploration, including the Chandrayaan-3 lunar landing, the Aditya-L1 solar mission and its space docking capabilities.
Adani makes smart ₹3,050 crore bet to power up its metering game
Adani Energy Solutions completed the acquisition of IntelliSmart Infrastructure for Rs 3,050 crore. This deal includes acquiring 100 percent equity share capital and redeeming convertible debentures held by NIIF. IntelliSmart provides advanced metering infrastructure and smart gas meters in India. The acquisition was approved by the Competition Commission of India in October. Adani Energy Solutions is part of the Adani Group and focuses on electricity transmission and distribution.
Anthropic IPO to test Wall Street's appetite for AI stocks
Anthropic is preparing for a potential IPO that could value the Claude chatbot maker at up to $1.4 trillion. The proposed $64.4 billion share sale, alongside a separate private placement, could rank among the largest market debuts in history.
PE firm Advent shortlists buyers to sell stake in 'Crax' maker DFM Foods
Advent International has shortlisted Partners Group, ChrysCapital and EQT to sell its 96.63% stake in Crax maker DFM Foods, with ITC and Goldman Sachs also in contention at a valuation of ₹4,000-4,200 crore. Balaji Wafers and other strategic bidders have exited amid concerns over the steep valuation.
India equity surge brightens outlook for exchanges, brokerages
India's equity market is witnessing a vibrant revival, boosting earnings prospects for brokerages and exchanges. A surge in trading activity, spurred by favorable market dynamics and declining crude oil prices, indicates robust investor engagement. The NSE India Volatility Index has climbed, reflecting increased confidence in derivatives trading. Analysts predict significant growth opportunities as the trading environment stabilizes following the rollback of the closing-auction framework.
ET Exclusive | Sunil Mittal’s next big bets: AI, cloud, space telecom and a billion Airtel users
Sunil Mittal reflects on the Bharti Group's journey and outlines future plans during his 50-year entrepreneurial journey. He emphasizes the importance of succession plans and bold investments to ensure growth. Airtel aims to expand into financial services and improve digital infrastructure while keeping cash flow strong. The competitive landscape in telecom presents both challenges and opportunities that Mittal acknowledges.
REITs in India delivered around 16% annualised returns since 2019; 5 things to check before investing
Discover the potential of investing in India's booming REIT market, where you can earn from commercial real estate without the hassles of ownership and management. Insights from Ramesh Nair reveal REITs' growth drivers, the importance of total returns over distribution yield, and upcoming property segments that could enhance your investment opportunities.
HCA Global pre-leases 6.44 lakh sq ft in Mindspace Hyderabad; rental outgo Rs 945 crore
HCA Healthcare’s Indian subsidiary, HCA Global Services, has pre-leased 6.44 lakh sq ft of office space at Mindspace in Hyderabad for 10 years, with a total rental outgo of around Rs 945 crore. The lease, covering seven floors in Building No. 8, will begin on September 1, 2027, at a monthly rent of Rs 7.09 crore, with an annual escalation of 4.5%.
The much awaited Noida-Greater Noida West metro link, a mega museum and more: Inside the Cabinet's Rs 77,101 crore package
On Wednesday, the Union Cabinet approved significant proposals for infrastructure and business support across India. The government will allocate ₹3,230 crores for the Yuge Yugeen Bharat Museum in New Delhi. A metro rail project linking Noida and Greater Noida will receive ₹2,390 crores for development. Additionally, ₹62,370 crores will be set aside for NBS rates on fertilizers for the Rabi 2026-27 season.
Deutsche Bank launches digital asset custody service for paying clients
Deutsche Bank launches its digital asset custody service for institutional and corporate clients, offering secure storage for cryptocurrencies including Bitcoin and Ether. The move strengthens its digital asset strategy, with plans for potential Asian expansion and collaboration with DWS to develop regulated digital asset infrastructure.
In Logan, Utah, Dale’s 1955 Sinclair Service Station underwent a $565,000 restoration and became a flower and gift shop
After undergoing extensive renovations, Dale's Sinclair Service Station has successfully transitioned into a lively floral shop, thanks in part to valuable tax credits. The National Park Service highlights the economic benefits that arise from investing in historic preservation—creating jobs and boosting GDP. Restoring these historic buildings not only curtails carbon emissions but also plays a vital role in revitalizing communities by preserving informal gathering spaces for residents.
Rs 628.49 cr generated through scrap disposal, over 14 acres of space freed up: Railways
Indian Railways generated Rs 628.49 crore through scrap disposal while also freeing up over 14 acres of space. The Special Campaign 6 concluded with a focus on cleanliness, e-waste management, and effective disposal of pending matters. Over 1 lakh cleanliness drives were conducted across various railway establishments during this campaign. Additionally, more than 1.50 lakh units of e-waste were responsibly disposed of, generating Rs 10.43 crore in revenue.
Overall, India Inc credit profile looks healthy: Ramnath Krishnan, Icra Group CEO
Corporate India's credit profile has maintained strength following a period of deleveraging post-Covid, although external pressures exist. While rating upgrades continue to outnumber downgrades, specific sectors like chemicals and airlines face challenges. The potential for a drop in credit ratios exists, dependent on geopolitical factors and inflation rates. Companies remain hesitant to invest heavily amid uncertain consumer demand, leading to muted private sector capex.
Kirloskar Industries Q2 profit rises 5% to Rs 105 crore
Kirloskar Industries (KIL) achieved a consolidated profit after tax of ₹105 crore for the quarter ending September 30, reflecting a 5% increase from ₹100.1 crore in the previous year’s corresponding quarter. The overall income surged to ₹2,097.7 crore, up from ₹1,790.1 crore, highlighting robust operational performance. Kirloskar Ferrous Industries, a key subsidiary, showcased strong demand, while Avante Spaces progresses steadily in the real estate market.
Paras Semiconductors, BroadPak join hands to build advanced semiconductor packaging capabilities
The collaboration will combine Paras Semiconductors' manufacturing ambitions in opto-electronics, photonics and co-packaged optics with BroadPak's technology expertise in advanced semiconductor packaging, heterogeneous integration and chiplet-based system architectures, it said.
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