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10.03 / 03:19
markets Target Analysis Trade Experts recommendations IREDA shares in focus after RBI rejects investment proposal for Upper Karnali Hydro project
Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Monday after the company announced that the Reserve Bank of India (RBI) has not approved its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. IREDA stated that it plans to resubmit the proposal. The company had earlier received in-principle approval from its board on 16 July 2024 to invest up to 10% equity in GMR Upper Karnali Hydro Power Limited, Nepal, and Karnali Transmission Company Pvt. Ltd., Nepal, in partnership with SJVN. The total investment was estimated at around Rs 290 crore, subject to approvals from the Government of India and other regulatory authorities. Existing shareholders of GMR Upper Karnali Hydro Power Limited include GMR and the Nepal Electricity Authority.
10.03 / 03:19
markets UPS Target Analysis Trade Experts recommendations Tata Power shares in focus as subsidiary signs MoU worth $5.6 Bn with Andhra Pradesh govt
Tata Power shares will be in focus on Monday after its subsidiary, Tata Power Renewable Energy Ltd (TPREL), signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to develop renewable energy projects worth Rs 49,000 crore ($5.6 billion). This marks one of the largest renewable energy investments in the state, the company said in an exchange filing. TPREL has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to collaborate and explore opportunities to build up to 7,000 MW including solar, wind and hybrid projects with or without storage solutions.
10.03 / 03:19
markets UPS Analysis wellness Trade show rights Overweight on IT, pharma, auto components; have added some FMCG stocks: Devina Mehra
Devina Mehra, Founder & CMD, First Global, says this time it has been coincidental that the FIIs have pulled out money and the markets have fallen. But over a period of time, data show that the unsaid assumption that if FIIs come in, the market goes up; FIIs pull out, and the market goes down, does not hold any more. In any case, the end of the US outperformance US is coming closer. Mehra also says that they are overweight on IT, pharma, and auto components and have selectively added some FMCG and chemical stocks.
10.03 / 03:19
markets Digital song pop stars Videos Meet 'Aishan', 'Ruh', new-age AI 'pop stars' on the horizon
Stylised as a free-spirited character with a bohemian vibe, 'Ruh' is the female avatar of a pop star or an 'A-Pop' star, as their makers would like to describe the genre. A-Pop refers to a harmonious mix of Artificial Intelligence (AI) with human interventions to create music. It could mean lyrics penned by a human being sung by an AI-driven 'singer', visually an amalgamation of real and AI-generated imageries.
10.03 / 03:19
markets UPS Provident Analysis Trade reports ONGC shares in focus after petrochemical arm exits from Dahej SEZ, eyes local market
ONGC will be in focus on Monday after its subsidiary ONGC PetroAdditions Ltd (OPaL) decided to relinquish its «only-for-export» status and shift its focus to the rapidly expanding domestic petrochemical market. The company has received final approval to exit the Dahej Special Economic Zone (SEZ), and will now operate as a Domestic Tariff Area (DTA) unit, effective from March 8, 2025. This move will enable OPaL to concentrate primarily on serving the domestic market, instead of exporting products, which was the primary purpose of operating within an SEZ. As a DTA unit, OPaL will be exempt from paying customs duties on products sold within India, which is expected to enhance its profit margins.
10.03 / 03:19
markets Digital wellness Experts RAI aquatics Chinese rapeseed meal futures rise after tariffs on some Canadian imports
The tariffs, effective from March 20, include a 100% levy on more than $1 billion worth of Canadian rapeseed oil, oil cakes and peas, as well as a 25% duty on $1.6 billion worth of Canadian aquatic products and pork. The levies, which mirror the 100% and 25% tariffs Canada imposed on Chinese-made electric vehicles and steel last year, triggered a rally on the Zhengzhou commodity exchange.
10.03 / 02:45
markets Platform awards stage country electronic information ET Awards: Without PM Modi's confidence, trust, and the opportunity that he has given, it wouldn't have been possible to be here on this stage, says Ashwini Vaishnaw
Ashwini Vaishnaw, union minister for railways, IT and electronics, and information and broadcasting. He was speaking at The Economic Times Awards for Corporate Excellence on Saturday, where he received the Business Reformer of the Year award.
10.03 / 02:45
markets Citi community Celebrity reports Features Videos GTA 6: Release timeline, gameplay features, and more
Grand Theft Auto VI (GTA 6), is just months away. Rockstar Games' parent company, Take-Two Interactive, has reassured fans that development is proceeding without major delays. During an earnings call, CEO Strauss Zelnick acknowledged that “there’s always a risk of slippage” but emphasised that they “feel really good about” the scheduled launch. If all goes as planned, GTA 6 will arrive in Fall 2025, with some sources pointing to a September release. However, going by Rockstar’s previous trends, the PC version might not debut until 2027 or 2028. Meanwhile, the company has confirmed in an interview with GameIndustry.biz that it has no plans to release GTA 6 on Game Pass at launch.
10.03 / 02:45
markets UPS Digital Experts RAI reports Taiwan sees uptick in Chinese activity around itself
Taiwan's Ministry of National Defence (MND) reported 11 sorties of People's Liberation Army (PLA) aircraft and nine People's Liberation Army Navy (PLAN) vessels until 6 am (local time) on Monday. According to the MND, nine out of 11 sorties crossed the median line and entered Taiwan's northern and southwestern ADIZ. In a post on X, Taiwan's MND stated, «11 sorties of PLA aircraft and 9 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today. 9 out of 11 sorties crossed the median line and entered Taiwan's northern and southwestern ADIZ. We have monitored the situation and responded accordingly.»
10.03 / 02:45
markets Target SUN Food patient Pharmaceuticals Sun Pharmaceuticals to acquire Checkpoint Therapeutics for $355 mn
Sun Pharmaceuticals on Monday announced that it is set to acquire Checkpoint Therapeutics, an immunotherapy and targeted oncology company, for $355 million. The transaction is expected to be completed in the second calendar quarter of 2025. Checkpoint is a Nasdaq-listed commercial-stage company focused on developing novel treatments for patients with solid tumor cancers. The company has the license from the U.S. Food & Drug Administration (FDA) for UNLOXCYT (cosibelimab-ipdl) for the treatment of adults with metastatic cutaneous squamous cell carcinoma (cSCC) or locally advanced cSCC who are not candidates for curative surgery or curative radiation. Dilip Shanghvi, Chairman & Managing Director of Sun Pharma, said, “Combining UNLOXCYT, an FDAapproved anti-PD-L1 treatment for advanced cutaneous squamous cell carcinoma, with Sun Pharma’s global presence means patients with cSCC may soon have access to an important, new treatment option. The acquisition further bolsters our innovative portfolio in onco-derm therapy.”
10.03 / 02:45
markets UPS Dreams awards wellness International ET Awards: Small things mattered more for defender of the defenceless, says N Chandrasekaran
N Chandrasekaran, who joined the Tata Group in 1986 as an intern about four decades ago, with the dream of shaking hands with Ratan Tata. Chandrasekaran ended up succeeding him as chairman of Tata Sons in 2017. In his tribute to the late Tata Group patriarch, Chandrasekaran said, «For him, the small things mattered more. He paid close attention not only to people with the big ideas but what also mattered was his attention to the small things. He cared for the people who could not defend themselves and what set him apart was that he was a defender of the defenceless. I have seen it on so many occasions that he never said anything just for the sake of it and never acted upon anything for the sake of it.»
10.03 / 02:29
markets Man CEO Platform Align awards rights ET Awards: Behind every successful man, there is a woman. But for women to succeed, there are many things to fall in place, says Vishakha Mulye
Vishakha Mulye, CEO of Aditya Birla Capital and ET's Businesswoman of the Year for 2024 expressed her strong belief in India's growth potential and her company's ability to seize and leverage these opportunities. She emphasised that her organisation's mission was to simplify finance and align with the vision of a 'Viksit Bharat'. «At Aditya Birla Capital, our goal is to make finance as simple as ABCD, which is also the name of our newly launched platform this year,» Mulye said after receiving the award. «We are excited about the vast opportunities in the Indian market and firmly believe that we have the right foundations in place to capitalise on them.»
10.03 / 02:29
markets Analysis economy Trade show performer reports Dollar starts week softer as tariffs weigh, yen rises
global trade war led investors to safe havens, lifting the yen and the Swiss franc. Markets have been fixated on simmering trade tensions across the world as U.S. President Donald Trump slapped tariffs on top trading partners only to delay some of them for a month amid growing signs and fears of the U.S. economy slowing down.
10.03 / 02:29
markets Action awards show dance information gatherings Industry leaders must invest in a better-informed future: Meera Jain at ET Awards
Meera Jain, founder of Times Evoke, urged business leaders to consider distributing their resources to projects and endeavours that safeguard the planet. Delivering her special address at ET Awards for Corporate Excellence, she underlined the importance of mitigating the loss of many species that are vanishing due to human action. «Our success depends on how we gather and disseminate information,» she said. «Ironically, in the age of science and truth, we are veering towards an information avalanche of untruth, glorifying trivialities and stepping over the salient.» The moving address, which followed an expansive dance performance, began with Jain highlighting the urgency of the situation that humanity is facing.
10.03 / 02:29
Reddit social innovations shock Features 'Grand Theft Auto'? Nope, it’s Bengaluru’s most ‘gamer’ auto-rickshaw and netizens can't keep calm
Driving all day on a hard seat might be the reason why an auto-rickshaw driver resorted to getting it replaced with something absolutely fancy, a luxurious chair seat, making the internet believe that the driver must be a “local gamer”. A picture of this quirky modification quickly went viral on social media, grabbing everyone's attention. Originally shared on X, the image later made its way to Reddit, where it sparked even more buzz. The caption? “Pakka Local Auto Gamer” – and netizens couldn’t get enough of it!
10.03 / 02:29
markets Fighting security Experts War Israeli negotiators head to Qatar for Gaza truce talks
The first phase of the truce ended on March 1 with no agreement on subsequent stages that could secure a permanent end to the war, but both sides have since refrained from resuming full-scale fighting. There are still significant differences over the terms of a potential second phase of the truce, which has largely halted the violence that raged since Hamas's October 7, 2023 attack on Israel.
10.03 / 02:29
markets Strategy Sustainability awards RAI social ET Awards: We deeply value the award as it recognises our unwavering commitment to sustainability, says HK Agarwal
Grasim Industries has positively impacted the lives of more than 1.2 million people through its corporate social activities, managing director HK Agarwal said, receiving the ET Conscious Corporate of the Year award. The flagship company of the Aditya Birla Group is aiming to be net-zero on emissions by 2050, with a long-term view as «responsible custodians» of the planet, Agarwal said.
10.03 / 02:29
markets security Analysis wellness trends Trade Experts Market rebounds from oversold levels, Rajesh Palviya advises cautious optimism
Nifty rebounding from its oversold trajectory. However, Rajesh Palviya, technicals and derivatives analyst at Axis Securities, cautions that the rally remains fragile unless key resistance levels are surpassed. In an interaction with ETNow, he highlighted the significance of 22,750 as a pivotal level that needs to be breached for a stronger uptrend. «There is a recovery from oversold trajectory of Nifty. But still, we are trading below to 20-day moving average, which is placed at around 22,750 kind of level. So, that level needs to cross in this recovery,» he stated.
10.03 / 02:29
markets UPS Strategy Analysis Trade Experts Howard Marks backs fixed income as bonds yield 7%, private credit up to 11%
Howard Marks, Co-chairman of Oaktree Capital Management, during his Mumbai visit, believes fixed-income investments are now highly competitive, with high-yield bonds offering returns of 7% and private credit reaching up to 11%. "High yield bonds are at 7%, other strategies are at 7%, maybe as high as 8%, private credit at 9-11%," he noted, reinforcing the case for fixed income as an alternative to equities.
10.03 / 02:29
markets awards wellness Freedom stage audience reports ET Awards: I believe that one of my missions in life must be to help people around the world better understand India, says Fareed Zakaria
India has a unique opportunity to become a pivotal player on the global stage, according to Fareed Zakaria, India-born American journalist, political commentator and author. Speaking to the audience at the ET Awards for Corporate Excellence in Mumbai on Saturday, Zakaria said as a rising economic power, India is critical to the West for strategic reasons while remaining well-regarded and connected with the Global South.
10.03 / 02:29
markets UPS awards Food Inside ET Awards: Today, 25 lakh people earn their livelihoods through the ecosystem we've built together, this award is a tribute to them, says Akshant Goyal
Zomato's rise as a public company has been rapid as it has expanded into businesses beyond food delivery over the past few years. Adding quick commerce through its Blinkit acquisition and later buying out Paytm Insider to bulk up its going-out business, Zomato's success has emanated from combining profitability with the growth potential of its quick commerce unit and other new businesses which drove its market capitalisation to an all-time high of ₹2.75 lakh crore ($32 billion) by December 2024.

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