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New Delhi: India's ethanol blending programme remains safe, consumer-friendly, and economically beneficial, the Ministry of Petroleum and Natural Gas said, dismissing concerns that the use of ethanol-blended petrol (EBP), including E20 fuel, could affect the validity of vehicle insurance policies. The ministry said claims linking E20 fuel use to insurance invalidation had been clarified with relevant stakeholders and were found to be incorrect. The statement comes amid growing concerns and misinformation circulating on social media regarding the impact of ethanol-blended fuels on vehicle performance and safety. "Ethanol blending is a globally accepted practice and is successfully implemented in several countries,…

Mumbai: The initial public offer (IPO) of Waterways Leisure Tourism Ltd has received 50 per cent subscription on the second day of the share sale, i.e. on Wednesday, at the time of writing the report. According to data available on the National Stock Exchange (NSE), the public issue got bids for 20,94,318 shares against 41,84,004 shares on offer. The data show that retail investors received 2.29 times the subscription, while the non-institutional investor quota was subscribed to at 31 per cent. Waterways Leisure Tourism raised Rs 263.25 crore from anchor investors on Monday. The company has fixed a price band…

Mumbai: Indian benchmark indices opened mixed on Wednesday after falling sharply in the previous session, following softening crude oil prices and buying in blue-chips. Amid volatility in the stock markets, Blue Cloud Softech Solutions Ltd., a small-cap IT company with a market cap of Rs 1,988.14 crore, opened in the green. The action in the stock comes as the company, in a recent exchange filing, stated that AstraBridge Inc. has acquired 1 crore (1,00,00,000) shares through a preferential issue of new equity shares. This stake represents 1.08 per cent of the company's total paid-up equity share capital. The company's stock…

Mumbai: Benchmark indices Sensex and Nifty rebounded in early trade on Wednesday after falling sharply in the previous session, following softening crude oil prices and buying in blue-chips. Amid this, shares of Apollo Micro Systems Ltd., a defence and aerospace company, are on investors' radar today as the company, in its latest exchange filing, said that out of over 3.80 crore warrants issued on a preferential basis on June 2, 2025, some warrant holders have exercised the option to convert their warrants into equity shares. Under this, Trikaya Wealth Advisors Pvt Ltd, Superstar Investments Private Limited and Reena Karwa deposited…