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The Competition Commission of India (CCI) has approved Delhivery's acquisition of a 99.4% stake in Ecom Express for up to Rs 1,407 crore. This deal, announced in April, signifies a major consolidation within India's logistics sector. Delhivery aims to enhance its scale and strengthen its offerings in the competitive express parcel and e-commerce logistics segments through this acquisition.
The Indian rupee weakened to 86.34 against the US dollar due to rising crude oil prices and geopolitical tensions in the Middle East. A stronger dollar and subdued domestic equities further pressured the rupee. Despite bearish cues, for ...more
Meanwhile, Hindustan Zinc’s board has approved a ₹12,000 crore investment to expand its integrated refined metal capacity by 250 ktpa.
India's oil demand is projected to surge by a million barrels per day over the next five years, becoming the primary driver of global demand growth, fueled by a rapidly expanding middle class, urbanization, and industrialization. This i ...more
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