HDFC Bank jumped 3 per cent in the intra-day trade on Wednesday after the Reserve Bank of India lifted a ban on the issue of new credit cards by the lender. Will credit card reprieve reverse HDFC Bank's show? Watch to know more

Will credit card reprieve reverse HDFC Bank's show?

Markets regulator Sebi has exempted Spice Healthcare Pvt Ltd from making an open offer to SpiceJet shareholders in relation to acquisition of additional shares in the airline.
On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline.
In this regard, SpiceJet had sought an exemption from Sebi with respect to making an open offer for the shareholders of the airline.
The Securities and Exchange Board of India (Sebi), through an order on Friday, has given the exemption from making the open offer to Spice Healthcare subject to certain conditions, the airline said in a filing to BSE on Saturday.
Post conversion of the warrants, Spice Healthcare will have an additional 13.74 per cent stake in the airline and that would trigger the open offer requirement under Sebi norms.
The watchdog has given the exemption subject to the condition that the shares acquired by the entity on exerc

On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline

State-owned Oil India Ltd plans to invest Rs 25,000 crore in clean energy projects to help achieve the net zero carbon emission goal by 2040, its chairman Ranjit Rath said on Saturday.
OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants.
The net zero plans will go alongside its target to raise crude oil and natural gas production to 9 million tonnes of oil and oil equivalent gas by 2025-26 from 6.5 million tonnes produced in the fiscal year ended March 31, 2024, he told reporters here.
The company also plans to lay an 80-kilometer pipeline to bring natural gas from fields in Arunachal Pradesh to Assam to help replace polluting liquid fuels in transport as well as industries.
"Achieving a net zero target involves a bouquet of activities," he said.
It already has firmed up plans for 

OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity

Amazon Web Services on Friday announced that seven generative AI startups from India have been selected for its global Generative AI accelerator program.
The selected Indian startups -- Convrse, House of Models, Neural Garage, Orbo.ai, Phot.ai, Unscript AI, and Zocket, are among the 80 companies selected by AWS worldwide for their innovative use of AI and their global growth ambitions, according to a release.
The Indian cohort also marks the highest number of startups selected from a country in the Asia-Pacific region for the AWS Global Generative AI Accelerator programme.
As part of AWS's USD 230 million commitment to drive the creation of applications worldwide, the AWS 'Generative AI Accelerator program' provides startups, especially early-stage companies, with AWS credits, mentorship, and education to further their use of AI and machine learning technologies.
"Selected startups will gain access to AWS compute, storage, and database technologies, as well as AWS Trainium and AWS 

The Indian cohort also marks the highest number of startups selected from a country in the Asia-Pacific region for the AWS Global Generative AI Accelerator programme

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The six new Vande Bharat trains that Prime Minister Narendra Modi will flag off on Sunday for different locations, offer faster connectivity, safe journey and a range of passenger amenities, the Railway Ministry has said.
These new trains would also bolster the rapidly growing fleet of this modern innovation from 54 train sets to 60 with 120 trips daily covering over 280 districts across 24 states and union territories, the ministry said in the statement issued on Saturday.
Prime Minister Modi will travel to Jharkhand today and flag off six Vande Bharat trains at Tatanagar Junction Railway Station around 10 am, according to a release by the Prime Minister's Office (PMO).
"The Vande Bharat Portfolio is ever-expanding with new train services being added for enhanced connectivity," the statement read.
"Indigenously designed under the 'Make in India' initiative, it offers cutting-edge features delivering luxury and efficiency to millions of passengers, it added.
The six new routes tha

"The Vande Bharat Portfolio is ever-expanding with new train services being added for enhanced connectivity," the statement read

Hema Bajaj, Ruhie Pande, Amit Das, and Suryanarayan G Iyer speak with Business Standard's Nivedita Mookerji on Budget 2024's apprenticeship programme at BSmart HR Conclave

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Will credit card reprieve reverse HDFC Bank's show?

HDFC Bank jumped 3 per cent in the intra-day trade on Wednesday after the Reserve Bank of India lifted a ban on the issue of new credit cards by the lender. Will credit card reprieve reverse HDFC Bank's show? Watch to know more

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