BENGALURU: A new wave of startups and financiers is reshaping how electric commercial vehicles (EVs) are funded in India, as early signs of scale emerge in a segment once seen as too niche or risky for institutional capital.From battery subscription models to flexible EMIs and first-loss guarantee partnerships, lenders are adapting financing structures to match…
The situation has reached an impasse because Adani’s proposal, despite being unconditional, is not the highest offer available. (AP file photo) Lenders of JP Associates appear to be in a dilemma regarding Adani Enterprises‘ unconditional bid for the company. The challenge for lenders lies in assessing comparable offers, as other potential buyers have submitted proposals…
US President Donald Trump claimed on Wednesday that Coca-Cola has agreed to swap high-fructose corn syrup for real cane sugar in its soft drinks sold in the United States, following his personal request to the company.“I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have…
The Cabinet Committee on Economic Affairs has approved a key exemption for NLC India Ltd (NLCIL), enabling the Navratna PSU to invest Rs 7,000 crore in its wholly owned subsidiary, NLC India Renewables Ltd (NIRL), without the need for prior government approval. The decision, chaired by Prime Minister Narendra Modi, removes the mandatory investment cap…
NITI Aayog is working on a strategy for Indian Railways to bring in cash from sources other than fare.The agency is planning to focus on asset monetisation, public-private partnerships in station redevelopment, and identifying fresh revenue streams.The government’s think-tank has invited proposals to carry out a research study on how Indian Railways can boost its…
NEW DELHI: HDFC Bank, India’s largest private sector lender, announced on Wednesday that its Board will consider issuing bonus shares and declaring a special interim dividend for FY26 during its upcoming meeting on July 19.Originally scheduled to review the bank’s unaudited financial results for the quarter ended June 30, the board meeting will now also…
Goldman Sachs posted a 20% year-on-year jump in net profit for the second quarter of 2025, reaching $3.5 billion, driven by robust gains in its financial advisory business and equities trading division, news agency AFP reported.Total revenue for the quarter rose 15% to $14.6 billion, with the investment banking giant topping analyst expectations. Goldman attributed…
US President Donald Trump said on Wednesday that he is not currently planning to remove Federal Reserve Chair Jerome Powell, though he sharply criticised the central bank chief’s performance.“He’s doing a lousy job but no, I’m not talking about that,” Trump told reporters when asked if he was considering Powell’s dismissal, AFP reported. However, he…
Consumer inflation in India is projected to ease to an average of 4% in the current financial year, down from 4.6% in FY25, according to the latest report by Crisil. The rating agency attributed the expected moderation to softer food prices, aided by above-normal monsoon forecasts from the Indian Meteorological Department (IMD), and lower global…
JPMorgan Chase CEO Jamie Dimon appeared to be delivering a message to Donald Trump regarding the US President’s pressure campaign on the Federal Reserve, defending the central bank’s independence and cautioning against policy interference.“The independence of the Fed is absolutely critical,” Dimon said on the bank’s second-quarter earnings call, “and not just for the current…