ONGC likely to list green energy arm in 2025-26
Financial Express Kochi|December 14, 2024
STATE-RUN ONGC is likely to come out with an initial public offering (IPO) for its green energy subsidiary, ONGC Green in the next financial year 2025-26, according to the company's Director (Exploration), Sushma Rawat.
ARUNIMA BHARADWAJ
ONGC likely to list green energy arm in 2025-26

"That (IPO for ONGC Green) will not take too long but I think some homework needs to be done," Rawat told FE.

The company has been diversifying into renewable energy, including solar, wind, and green hydrogen, given the country's target of achieving net zero by 2070.

The firm aims to curtail carbon emissions by 1 billion tonne and simultaneously reduce carbon intensity by 45% by 2030.

It had earlier revealed its plans of investing around ₹1 lakh crore by the end of 2030 on its multiple green initiatives and is planning to scale up its renewable portfolio to 10 GW.

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Financial Express Kochi

Porsche billionaires are in a tight spot, again

PORSCHE AUTOMOBIL HOLDING SE sure knows how to do drama. Last week, the listed holding of the Porsche and Piech families warned it may have to book up to €22 billion ($23 billion) of impairments amid a decline in the market value of its 31.9% stake in Volkswagen AG and 12.5% economic interest in the Porsche AG automaker.

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3 mins  |
December 18, 2024
More Indians looking to fly biz class this holiday season
Financial Express Kochi

More Indians looking to fly biz class this holiday season

The number of Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes.

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2 mins  |
December 18, 2024
Q2 a blip, growth to pick up again: FM
Financial Express Kochi

Q2 a blip, growth to pick up again: FM

The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.

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1 min  |
December 18, 2024
Markets slump over 1%
Financial Express Kochi

Markets slump over 1%

● Investors' wealth down ₹4.92 lakh cr

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2 mins  |
December 18, 2024
EPFO weighs higher equity investments
Financial Express Kochi

EPFO weighs higher equity investments

● Labour ministry panel to look at ways to raise exposure

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2 mins  |
December 18, 2024
Indian firms turn to euro, yen swaps to trim borrowing cost
Financial Express Kochi

Indian firms turn to euro, yen swaps to trim borrowing cost

INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.

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2 mins  |
December 18, 2024
Financial Express Kochi

IIT-Madras to offer fine arts, culture courses

In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.

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1 min  |
December 18, 2024
Financial Express Kochi

The world's busiest airline routes in 2024 are largely in Asia

Leisure continues to outshine corporate trips

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1 min  |
December 18, 2024
Financial Express Kochi

Not even 2% work-linked higher education courses yet: Report

EDUCATION-INDUSTRY MISMATCH

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1 min  |
December 18, 2024
Financial Express Kochi

KYC masking to go live on Jan 20

DEADLINE EXTENDED; BIG RELIEF TO BANKS & FINTECHS

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1 min  |
December 18, 2024