Domestic gas allocations to Indraprastha Gas Limited (IGL) have been increased by 31% effective January 16, boosting the share of domestic gas in the CNG segment from 37% to 51%. This move is expected to significantly improve IGL’s profit margins as it benefits from lower-cost domestic gas. The increase comes after GAIL revised allocations, enhancing supply to meet rising demand.
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Singapore's Suntec Real Estate Investment Trust said on Wednesday that investment holding firm Aelios has increased the offer price to buy the REIT's shares it does not already own, valuing Suntec at S$3.48 billion ($2.54 billion). Aelios, owned by billionaire couple Gordon and Celine Tang, raised the offer to S$1.19 per share, up from the previous bid made in December of S$1.16 apiece.
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The United States-based cryptocurrency exchange Coinbase is reportedly facing a subpoena from the Commodity Futures Trading Commission (CFTC) in connection with the crypto-based prediction market platform Polymarket. The news was reported by EthHub co-founder Eric Conner in an X post on Wednesday.
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