In this issue

May 26, 2022

Digit Insurance targets $5 bn in IPO valuation

India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters.

2 mins

IndiGo back in red as fuel costs jump 68%

To deploy 60% more capacity in FY23 as it sees demand improving

2 mins

Coal India net up 46% to ₹6.693 cr

State-owned CIL on Wednesday posted a 45.9 per cent rise in its consolidated net profit at ₹6,692.94 crore for the quarter ended March 2022 on the back of higher revenue from operations.

1 min

Sugar export curbs to ensure availability in festival: Govt

Palm oil imports may fall 19%, while for soyoil, it could jump 57%

3 mins

WTO MC12: India will agree to fisheries deal if it is 'equitable'

Even as India is keen on finalising the fisheries agreement at the World Trade Organisation's (WTO's) 12th ministerial conference (MC12) next month, government officials said the proposed draft lacks fairness and the right balance.

2 mins

DoT, telcos weigh options to cross equipment testing hurdles

The Department of is Telecommunications (DoT) hammering out a solution with telcos and equipment makers on the contentious requirement of mandatory testing and certification of key network equipment within the country from July 1st.

2 mins

Power Min announces special scheme to clear discoms' dues

For the second time in two years, the Union Ministry of Power has notified a scheme for power distribution companies (discoms) to defer their dues to power generating companies (gencos). With dues of discoms touching a record high of 1 trillion, the ministry has proposed a scheme to liquidate discoms' dues.

2 mins

No petrol in Lahore, no cash in ATMs, claims ex-Pak cricketer

Imran Khan leads party to sit-in in Islamabad demanding fresh election

1 min

Separatist Yasin Malik sentenced to life in jail

NIA had sought death penalty for Malik who pleaded guilty to all charges

1 min

Concor sees boost from strong volume growth

Aggressive capex roll-out unlikely, given its record and divestment uncertainty: Experts

3 mins

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