NEW DELHI: Under International Competitive Bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged an order from NTPC Ltd. for setting up the 2×800 MW Singrauli Supercritical Thermal Power Plant (STPP) Stage-III on Engineering, Procurement & Construction (EPC) basis. The plant will be set up adjacent to the existing...
In February, the 10-year benchmark government security (G-sec; 7.18% GS 2033) opened at 7.06 per cent and closed at 7.08 per cent, down 6 basis point (bps) from its January close of 7.14 per cent while staying within CRISIL’s forecast range of 7.03-7.13 per cent. Per a CRISIL report,...
NEW DELHI: The near-13 year high services trade surplus in February has prompted economists to scale down their projections of India’s current account deficit (CAD) for the current financial year. Many economists now expect CAD to come in at 0.8-0.9% of the GDP during the entire FY24, as compared...
NEW DELHI: The government’s dividend mopup from non-financial central public sector enterprises (CPSEs) and entities in which it holds minority stakes has touched a record ₹61,149 crore, 22% higher than the revised estimate for 2023-24, with almost a fortnight to go this fiscal, according to the latest finance ministry...
MUMBAI: India’s economy is changing fundamentally, and for the better. Tech is a key driver. Finding enough capital is the big challenge. Computer chips and critical materials are among the new stars. And business, the locus of much of this change, must also take the lead in recognising that...
NEW DELHI: India’s current world-beating economic growth rate on the back of an investment boom resembles that of 2003-07 when growth averaged more than 8 per cent, according to economists at Morgan Stanley. In a report ‘The Viewpoint: India – Why this feels like 2003-07’, Morgan Stanley said after...
NEW DELHI: The Coal Ministry has asked Coal India Ltd and NLC India Ltd to go for pithead-based thermal projects with an aim to reduce transportation cost and improve availability of dry fuel, a top government official said. The plan is that all new thermal projects of Coal India...
NEW DELHI: Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance...
NEW DELHI: Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy. The latest ‘Energy Statistics India 2024’ of the National Statistical Office (NSO) stated, “The impact of energy policies of recent time...
LILLE (FRANCE): French sports retailer Decathlon is accelerating its investments to ramp up production and enhance its retail presence further in India, one of its “most important” global markets, its Global CEO Barbara Martin Coppola has said. Decathlon expects to continue its “high growth rate” from the Indian market,...
NEW DELHI: FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore in the first fortnight of the month amid an improvement in the global economic landscape and robust domestic macroeconomic outlook. The inflows came following a modest investment of Rs 1,539...
NEW DELHI: The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players like US-based Tesla. According to an official...
MUMBAI: The Securities and Exchange Board of India (Sebi) on Friday approved launch of same day settlement (T+0) for a limited set of 25 scrips with a limited number of brokers along with a slew of measures to bring flexibility for initial public offerings (IPOs), Alternative Investment Funds (AIFs),...
NEW DELHI: India’s merchandise exports grew 11.9% on year in February to $ 41.40 billion, the highest level in 11 months despite the headwinds from the Red Sea crisis and persistent geopolitical tensions and the stagnation in world trade. The growth in goods shipments during the month was the...
NEW DELHI: The Centre will launch a revamped Pradhan Mantri Awaas Yojana- Grameen (PMAY-G) after general elections to build another 20 million affordable houses in the next five years with enhanced financial assistance. With the current affordable rural housing scheme coming to an end in March, the Budget for...
NEW DELHI: Former chief economic adviser Arvind Subramanian on Friday said India’s latest GDP numbers are ‘absolutely mystifying’ and difficult to comprehend. India’s economy grew by better-than-expected 8.4 per cent in the final three months of 2023 – the fastest pace in one-and-half years. “I want to be honest...
NEW DELHI: The government has dropped the permit requirement for untested AI models but emphasised the need to label AI-generated content, according to a latest advisory on Artificial Intelligence technology. Instead of permission for AI models under development, the fresh advisory issued by the Ministry of Electronics and IT...
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said despite huge fluctuations globally, the Indian stock market has maintained “a certain level of sanity” and the market should be allowed to play on its own. The statement from the Finance minister comes days after Sebi chairperson Madhabi Puri Buch...