BP sells 65 pc stake in Castrol for $6 billion

IANS | December 24, 2025 1:58 PM

New Delhi, Dec 24 (IANS) BP on Wednesday announced that it has agreed to sell a 65 per cent stake in its lubricants business Castrol to global investment firm Stonepeak for around $6 billion.

India’s ultra-rich prefer to invest in growth assets, especially in tier 1 and 2 cities

IANS | December 24, 2025 12:16 PM

Mumbai, Dec 24 (IANS) India’s ultra-high net worth individuals (UHNIs), representing a cumulative net worth of over Rs 2 lakh crore, prefer to invest in growth assets, particularly in tier 1 and Tier 2 cities, where 54 per cent allocate over 80 per cent of their portfolios to growth capital, compared to 23 per cent in metros, according to a new report.