Chart of the Day: Hydro power generation lags for second consecutive year
Himachal Pradesh, which hosts close to a quarter of India’s large operating hydro power plants, is facing low reservoir water levels
NBCC to undertake projects worth Rs 10k crore in Goa
Under a self-sustainable model, these projects will be developed without any budgetary support from the Goa government
IREDA offers support to Bhutan for RE projects, says CMD Das
Das also recommended rooftop solar as a potential development area along with Bhutan's established hydro power capabilities
BPCL says Russia oil intake share falls to 34% in September quarter
BPCL, the country's second-biggest fuel retailer, sees India's gasoline demand rising by 6 percent this fiscal year to March and diesel demand rising by 1.5 percent
Is the tide turning against Indian equities?
Investors should have a bias in favour of large-caps while buying the dips. It merits paying heed to the fundamentals of companies and growth outlook before jumping to buy the correction in the broader markets.
Coal India Q2 profit drops 22% to Rs 6,275 crore on lower sales
The company's board also declared the first interim dividend of Rs 15.75 per share for 2024-25
Meta, IndiaAI ink partnership to advance open source AI innovation, R&D, skill development
The partnership will enable development of indigenous AI applications, and advance skill development in AI
Business in the Week Ahead: October 28 to November 1
Shares of Waaree Energies will list on the stock exchanges. Corporate earnings, bank loans and deposits growth, US GDP, Japan interest rate decision are the other data points, events to track.
National Fertilisers to build Rs 208 crore fertiliser plant, shuts nano urea unit
NFL operates five gas-based ammonia-urea manufacturing units across three states – Punjab, Haryana and Madhya Pradesh
Mankind Pharma completes Rs 13,768 cr Bharat Serums acquisition
The deal is expected to position Mankind as a market leader in the Indian women's health and fertility drug market
SBI raises Rs 5,000 crore via Basel III bonds, gets bids over 3.5 times
The total number of bids received was 108 indicating participation from a diverse set of qualified institutional bidders
Rapido partners with IndoFast Energy to roll out 10k Piaggio e-three wheelers
Starting with Hyderabad, Bengaluru and other major cities in southern India, the partnership will add over 1,000 EVs to the country's public transport system by December 2024
Union Bank of India fined by FIU for multiple PMLA violations
The federal agency issued the penalty notice of Rs 54 lakh under section 13 of the Prevention of Money Laundering Act (PMLA)
LTI Mindtree – Is the positive outlook baked into the valuation?
Well poised to take advantage of the uptick in tech spend and GenAI disruptions
Insurance industry can collaborate with telcos, e-comm, fintechs for deepening reach: LIC chief Siddhartha Mohanty
The current channels, including agents, brokers, and bancassurance have been effective, but fraught with its own limitations given the challenge of taking insurance to each citizen of the country, Mohanty said
BSNL will not hike tariffs in near future; private 5G a big focus area, says CMD
Ravi said BSNL has already started offering 4G services in test mode, focusing on ensuring customer satisfaction. A full-fledged commercial launch is expected this calendar year.
Chart of the Day: Errant state electricity boards drive up renewable energy tariffs for states
Project developers are attaching counterparty risk premium to power sale contracts with states amid delays in payments
Tata Motors gets order for 1k bus chassis from Uttar Pradesh transport body
The latest order follows the successful fulfilment of a similar, larger order of 1,350 bus chassis received last year
Bourse-facing businesses salvage a challenging quarter for Kotak Mahindra Bank
The impact of the RBI embargo and higher delinquency marred Kotak Bank's performance
Tech Mahindra Q2 FY25 – The turnaround strategy at play
TechM is executing well in line with its medium term strategy
L&T ties up with US firm to provide clean energy solutions globally
The MoU aims to accelerate nuclear power deployment globally, particularly in developing countries which require large amount of carbon-free electricity for their growth, L&T said
Mahindra, Škoda VW may team up to build electric SUVs using Volkswagen’s MEB platform
VW and M&M are deepening their EV alliance, building on an earlier agreement to use components from the MEB platform. The expanded partnership will see the companies work closely to develop e-SUVs for India and beyond
Infosys Q2 FY25 – Commentary reassuring from a long-term perspective
The quarterly performance was a mixed bag with a reassuring commentary
PFC Infra Finance IFSC gets nod to operate from Gift City
PFC Infra Finance IFSC Ltd (PIFIL) will be the first finance company in IFSC dedicated to power and infrastructure sector lending
