Trial Runs Begin on Metro Line 2B’s Mandale-Mankhurd Stretch

Odisha Plans $14 Billion Petchem Hub, Indian Oil to Invest

The eastern Indian state of Odisha expects investments of Rs 1.2 trillion ($14.1 Bn) over the next ten years to establish a petrochemical hub near the Bay of Bengal. Indian Oil Corporation Limited, the country’s largest refiner by capacity, will contribute half the amount to set up a naphtha cracker facility.The new complex in Paradip will include a dual-feed cracker and downstream units to produce phenol and polyethylene. Indian Oil, which already runs a refinery with a three hundred thousand barrels-per-day capacity in the region, has committed Rs 610 Bn to the project.The state government..

Ant Group to Sell 4 Per Cent Stake in Paytm

China’s Ant Group, through its affiliate Antfin Netherlands Holding BV, is set to sell 26 Mn shares in One 97 Communications, the parent company of Paytm. This represents approximately four per cent equity. The floor price for each share is fixed at Rs 809.75, a 6.5 per cent discount to Monday’s closing rate. Based on this price, the stake sale may raise Rs 20.65 Bn.Antfin has gradually reduced its holding in the Indian financial technology firm. As of March 2025, it held 9.85 per cent equity. In August 2023, it had divested a 3.6 per cent stake for Rs 20.37 Bn. Citigroup and Goldman Sachs..

Dixon to Manufacture Alcatel Smartphones in India

Padget Electronics, a wholly owned subsidiary of Dixon Technologies, has signed a contract manufacturing agreement with NxtCell India to produce smartphones for the Alcatel brand under the ‘Make in India’ initiative. Dixon Technologies is India’s largest home-grown, design-focused electronics manufacturer, catering to consumer durables, lighting and mobile phones. The company has actively expanded its partnerships in recent months. On 30 April 2025, Dixon announced a joint venture with Taiwanese hardware firm Inventec to create Dixon IT Devices Private Limited, with a sixty to forty owne..