Solar overtook coal in the European Union's electricity production in 2024, with the share of renewables rising to almost half the bloc's power sector, according to a report released Thursday. "Solar remained the EU's fastest-growing power source in 2024, rising above coal for the first time.
Investors in Asia are still digesting the impact of US President Donald Trumps first few days in office, which have sent mixed signals to investors. Trump has reiterated a tariff threat against China but have largely spared the worlds second-largest economy from a feared escalation of the trade war.
Musk's ability to ice out Ramaswamy, who for a variety of reasons had irked some Republicans in Trump's circle, is the latest sign of his influence in the incoming administration. It presages an encore of all of the infighting that marked Trump's first term.
Tata Sons is exploring various scenarios to address the pressure from the Shapoorji Pallonji Group for a possible share sale. Options include a public listing, stake sale, or buyout of the minority stake. However, these outcomes are not expected immediately due to stakeholder disagreements and strained relations.
The holding company, Vedanta Resources (VRL), which holds a 56.3% stake in India-listed Vedanta, relies on dividends from its operating subsidiaries to meet its repayment obligations. Vedanta pays annual brand fees, of 2-3% of turnover and is projected at around $300 million, to parent VRL, helping it in servicing its debt obligations.
While urban demand continued to remain subdued, rural demand sustained its gradual recovery. Downtrading took place with small packs growing ahead of large packs. HUL's home care segment posted high single-digit volume growth, while the beauty and wellbeing segment posted a low-single-digit volume decline and the personal care and foods segments each posted a mid-single-digit volume decline.
