CXMT Stock Debut: Shares Surge 466% to $487 billion valuation

CXMT stocks jumped by 466% during their opening day in Shanghai as the Chinese memory chip manufacturer was able to generate revenues amounting to $8.6 billion through an initial public offering, resulting in a valuation worth about $487 billion.

India E30 Petrol Standard Notified Amid Crude Oil Crisis

India’s government has officially notified E30 petrol standards, expanding ethanol blending beyond E20 to enhance energy security and reduce crude oil import reliance. The new regulations, issued by BIS, aim to facilitate higher ethanol blends, supporting domestic fuel production and benefiting rural farmers while addressing global oil price volatility concerns.