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E-commerce giant Flipkart offloads 6% stake in ABFRL; sells 73 mn shares
BS Reporter
Flipkart Investments on Wednesday offloaded 6 per cent stake in Aditya Birla Fashion & Retail Ltd (ABFRL) for ₹588 crore. The e-commerce giant sold 73.17 million shares at ₹80.32 apiece. Shares of ABFRL fell nearly 11 per cent in secondary market trading to end at ₹76.8.
Carlyle Group affiliate firm exits Indegene
Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore. It sold nearly 24.5 million shares at ₹591 apiece. Shares of Indegene fell 4.7 per cent to end at ₹590.
Founder Kunhikannan sells 1.76% in Kaynes
Ramesh Kunhikannan, founder, Kaynes Technology on Wednesday divested his 1.76 per cent stake in the firm. He sold 11.25 million shares at ₹5,551 apeice to raise ₹623 crore. Shares of Kaynes fell about a per cent to close at ₹5,730 crore. BS reporters
Motilal Oswal Mutual Fund (MF) launched the first passive fund tracking the BSE 1000 index. The scheme Motilal Oswal BSE 1000 Index Fund, representing top 1000 listed companies offers exposure to about 94 per cent of the country's listed market capitalisation. The index at present has firms across 22 sectors. The top-10 stock weight is capped at 33 per cent to reduce concentration risk. Motilal Oswal is also in the process of finalising its plan to launch a scheme under the newly-introduced specialised investment fund (SIF) category in the next 6 months.
Sekhmet Pharma appoints Santosh Mahil MD & CEO
Private equity consortium led by PAG Sekhmet Pharmaventures has appointed Santosh Kumar Mahil (pictured) as the managing director (MD) and chief executive officer (CEO). Sekhmet is an investment platform that helps India's next generation of active pharmaceutical ingredient (API) companies. Mahil has nearly three decades of experience, having held leadership roles at Lupin, USV, Unichem, and Shilpa Medicare. BS reporter
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12 hours ago
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The Delhi government is set to pilot a project to reduce emissions from BS-III and BS-IV vehicles by installing advanced catalytic converter-based retrofitting devices in 30 government vehicles, TNN reports. The initiative will be implemented by the Delhi Pollution Control Committee (DPCC) in collaboration with IIT Delhi or the International Centre for Automotive Technology (ICAT) for testing and validation. Environment Minister Manjinder Singh Sirsa said the devices, to be fitted after the exhaust pipe, have shown potential to cut particulate matter and other emissions by over 70 per cent in BS-III and BS-IV vehicles. 'This pilot is a trial and a statement of our vision — to deploy permanent, innovative solutions that clean Delhi's air while keeping essential transport running,' Sirsa noted. The project follows the Commission for Air Quality Management's (CAQM) directive to bar entry of non-essential commercial goods vehicles that are not BS-VI compliant into the capital from November 1, except those registered in Delhi. If proven effective, the government will consider large-scale deployment of the devices in BS-IV or older vehicles, targeting a significant reduction in emissions from the city's ageing fleet. Officials said the move could serve as a model for similar adoption across other Indian cities facing heavy vehicular pollution.
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Business Standard
21 hours ago
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The Delhi government will soon conduct trials by fitting catalytic converter-based retrofit emission control devices in up to 30 government-owned BS-IV and older heavy vehicles, potentially offering a cheaper and cleaner alternative to scrapping. In a first-of-its-kind move aimed at cutting toxic emissions from older diesel vehicles, the Delhi government decided to conduct a pilot project following a presentation by a clean-tech firm at a meeting which was chaired by the Environment Minister Manjinder Singh Sirsa on August 11. The company claimed its retrofit technology could reduce particulate matter and other harmful emissions by more than 70 per cent. The trial comes in the wake of the Commission for Air Quality Management's (CAQM) directive banning the entry of non-BS-VI commercial goods vehicles into Delhi from November 1, with limited exemptions for essential services until October 31, 2026. Officials said while the order is crucial for reducing pollution, it poses challenges for owners of relatively newer vehicles that still have several years of service life left. "Our goal is not just to comply with environmental directives but to lead the way in building a cleaner, healthier and more sustainable Delhi. This pilot shows that with the right technology, determination and governance, we can solve even the toughest environmental challenges while protecting livelihoods," Sirsa said. "This pilot is both a trial and a statement of our vision to deploy permanent, innovative solutions that clean Delhi's air while keeping essential transport running," the minister said. According to the officials, the device, tested on Tata Cummins' 5.9 lakh engines and validated over 9,000 km offers durability, low backpressure and regeneration capability. Company representatives said it could deliver over 95 per cent cost savings compared to purchasing new BS-VI vehicles, with minimal downtime for retrofitting. The Delhi Pollution Control Committee (DPCC) will lead the pilot, coordinating with departments such as PWD, MCD, DJB and Health to identify suitable vehicles. The firm will bear the cost of devices, installation and testing, with third-party validation from IIT Delhi or International Centre for Automotive Technology (ICAT). If proven effective, the solution could be recommended for large-scale adoption across Delhi and potentially in other states. The Supreme Court was dealing with a plea seeking a recall of its October 29, 2018, order upholding a National Green Tribunal's (NGT's) directive. The apex court had then directed the transport departments of states in NCR to ban diesel vehicles aged more than 10 years and petrol vehicles which are over 15 years old from plying on roads in terms of the NGT's order. The NGT, on the other hand, had ordered that all diesel or petrol vehicles that were more than 15 years old not be allowed to ply on roads and appropriate action, including their seizure, be taken under the Motor Vehicles Act in case of non-compliance. Last month, the Delhi government moved the top court against the blanket ban on diesel vehicles older than 10 years and petrol vehicles older than 15 years. According to the CAQM figures, there are 6.2 million end-of-life vehicles (ELVs) in Delhi, of which 41 lakh are two-wheelers. The issue of end-of-life vehicles resurfaced last month, as the Delhi government moved to implement a CAQM directive to refuse refuelling of such vehicles from July 1.
News18
a day ago
- News18
Delhi to pilot retrofit devices in 30 old govt vehicles to cut emissions
New Delhi, Aug 13 (PTI) The Delhi government will soon conduct trials by fitting catalytic converter-based retrofit emission control devices in up to 30 government-owned BS-IV and older heavy vehicles, potentially offering a cheaper and cleaner alternative to scrapping. In a first-of-its-kind move aimed at cutting toxic emissions from older diesel vehicles, the Delhi government decided to conduct a pilot project following a presentation by a clean-tech firm at a meeting which was chaired by the Environment Minister Manjinder Singh Sirsa on August 11. The company claimed its retrofit technology could reduce particulate matter and other harmful emissions by more than 70 per cent. The trial comes in the wake of the Commission for Air Quality Management's (CAQM) directive banning the entry of non-BS-VI commercial goods vehicles into Delhi from November 1, with limited exemptions for essential services until October 31, 2026. Officials said while the order is crucial for reducing pollution, it poses challenges for owners of relatively newer vehicles that still have several years of service life left. 'Our goal is not just to comply with environmental directives but to lead the way in building a cleaner, healthier and more sustainable Delhi. This pilot shows that with the right technology, determination and governance, we can solve even the toughest environmental challenges while protecting livelihoods," Sirsa said. 'This pilot is both a trial and a statement of our vision — to deploy permanent, innovative solutions that clean Delhi's air while keeping essential transport running," the minister said. According to the officials, the device, tested on Tata Cummins' 5.9 lakh engines and validated over 9,000 km — offers durability, low backpressure and regeneration capability. Company representatives said it could deliver over 95 per cent cost savings compared to purchasing new BS-VI vehicles, with minimal downtime for retrofitting. The Delhi Pollution Control Committee (DPCC) will lead the pilot, coordinating with departments such as PWD, MCD, DJB and Health to identify suitable vehicles. The firm will bear the cost of devices, installation and testing, with third-party validation from IIT Delhi or International Centre for Automotive Technology (ICAT). If proven effective, the solution could be recommended for large-scale adoption across Delhi and potentially in other states. The Supreme Court was dealing with a plea seeking a recall of its October 29, 2018, order upholding a National Green Tribunal's (NGT's) directive. The apex court had then directed the transport departments of states in NCR to ban diesel vehicles aged more than 10 years and petrol vehicles which are over 15 years old from plying on roads in terms of the NGT's order. The NGT, on the other hand, had ordered that all diesel or petrol vehicles that were more than 15 years old not be allowed to ply on roads and appropriate action, including their seizure, be taken under the Motor Vehicles Act in case of non-compliance. Last month, the Delhi government moved the top court against the blanket ban on diesel vehicles older than 10 years and petrol vehicles older than 15 years. According to the CAQM figures, there are 62 lakh end-of-life vehicles (ELVs) in Delhi, of which 41 lakh are two-wheelers. The issue of end-of-life vehicles resurfaced last month, as the Delhi government moved to implement a CAQM directive to refuse refuelling of such vehicles from July 1. PTI NSM NSM KSS KSS First Published: August 13, 2025, 22:15 IST News agency-feeds Delhi to pilot retrofit devices in 30 old govt vehicles to cut emissions Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
