The renewable energy and power equipment sectors are witnessing significant momentum as the Indian government intensifies its focus on achieving the ambitious target of 500GW renewable energy capacity by 2030. Leading brokerage JM Financial has provided insights into stock price targets for key players in the sector, including Suzlon Energy, BHEL, Tata Power, NTPC, and…
IIFL Finance, one of India’s leading non-banking financial companies (NBFCs), has announced its plan to raise ₹700 crore through non-convertible debentures (NCDs) on a private placement basis. The decision was approved by the Finance Committee of the Board of Directors on March 13, 2025, as per the company’s regulatory filing. The fundraising initiative involves the…
The stock market witnessed a notable surge in the shares of key oil and gas companies, including Mangalore Refinery and Petrochemicals Limited (MRPL), Chennai Petroleum Corporation, Oil India Limited (OIL), Oil and Natural Gas Corporation (ONGC), and Adani Total Gas. These stocks climbed by up to 6% during intraday trading, reflecting positive momentum in the…
State-owned telecom operator Bharat Sanchar Nigam Limited (BSNL) has announced an ambitious plan to install 1 lakh 4G towers across India by mid-2025. This initiative aims to enhance its network infrastructure and compete with private telecom giants Reliance Jio and Bharti Airtel. The expansion is part of BSNL’s broader strategy to improve service quality and…
India’s retail inflation, as measured by the Consumer Price Index (CPI), eased to a 7-month low of 3.61% in February 2025, according to data released by the Ministry of Statistics and Programme Implementation. This marks a significant decline from 4.26% in January, providing relief to consumers amid ongoing economic fluctuations. Key Drivers of Decline The…
Shares of Rail Vikas Nigam Limited (RVNL) witnessed a 2.8% surge on the stock market following the announcement of a significant contract win worth ₹554.64 crore. The project involves the development of a road infrastructure project at Visakhapatnam Port, further solidifying RVNL’s position as a key player in India’s infrastructure sector. Project Details The contract,…
India has achieved a significant milestone in its energy sector by saving $5.43 billion (₹42,315.7 crore) in foreign exchange during the April-December 2024 period. This achievement comes as a result of a notable 8.4% decline in coal imports, driven by a surge in domestic coal production, according to the Ministry of Coal. Key Highlights: Government…
In a groundbreaking move, Reliance Jio has announced a strategic partnership with Elon Musk’s SpaceX to bring Starlink’s high-speed satellite internet services to India. This collaboration aims to enhance digital connectivity across the country, particularly in remote and underserved regions. Expanding Digital Horizons The partnership will integrate Starlink’s satellite-based broadband technology into Jio’s existing broadband…
New Delhi: The Life Insurance Corporation of India (LIC) offers a range of pension schemes designed to provide financial security during retirement. Among these, the single-premium pension plans have gained significant attention for their simplicity and long-term benefits. By making a one-time investment, individuals can secure a monthly pension of ₹12,000 for life, ensuring a…
Mumbai: The latest episode of Shark Tank India 4 featured a compelling pitch by Bindiya, a third-generation entrepreneur aiming to revolutionize the tile industry with her online platform, Tileskraft. Seeking ₹60 lakh for a 12% equity stake, Bindiya presented her vision of simplifying tile sourcing and sampling through technology. However, her pitch faced challenges as…
