India Financial News

For those wondering why private sector capex is not visible, here's an answer — it has reached a critical stage from where it is beginning to flow — said, CEO at Crisil, the biggest rating company that has the pulse of the Indian corporate world. Recent regulatory actions may slow the growth rate, but there is no trouble in sight, Mehta told Bhaskar Dutta and MC Govardhana Rangan in an interview. Edited excerpts: The latest GDP growth numbers surprised everyone. There are divergent views on it and we aren't seeing private capex yet. What are the corporates telling you? There are a few parts to this. One is the PLI (production-linked incentive scheme). It's very targeted — 15 sectors — and it's going to happen. Then there is conventional capex, the point that you are talking about. We are looking at capacity utilisation across multiple segments right now. What we are seeing is that in the top eight key segments, the capacity today is higher than the decadal average capacity utilisation that we have seen across those segments whether you take cement, steel, oil and gas, etc. Cement and steel plants are already expanding, refining is talking about green capex investment. Capex investment in these companies is at 13-14% versus 7-8% earlier. We are talking 13-14% growth in fixed assets. They have now started investing at a higher pace than earlier. The next question is about the sustainability of this growth. Can this be repeated?

fitness as Delhi Capitals found her short of crease to win a cliffhanger against Royal Challengers by a solitary run in the Women's Premier League on Sunday. Needing 17 off last over to reach a target of 182, Richa, who blasted 51 off 29 balls, smote left-arm spinner Jess Jonassen for a 78 metre straight six and another maximum off the penultimate delivery to bring the equation down to two runs off the final delivery. However Richa, not exactly known for being the fittest among Indian cricketers despite brute power in her strokes, wasn't fast enough to beat Jonassen, who whipped the bails off in a flash to restrict RCB to 180 for 7. DC, with their fifth win, are now on 10 points and lead the table due to superior net run-rate (+0.918) compared to Mumbai Indians (+.343).

In August 2022, a college professor in Maharashtra posted on a Whatsapp group his good wishes to Pakistan on its independence day. He also protested India’s revocation of the special status of Jammu and Kashmir. The police filed charges against him for “promoting enmity" between communities.

As WWE gears up for its biggest annual premium live event next month, the company continues to harness the power of its social media presence to reach its fans

India has signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years

pension funds in Canada and a leading global investor, has appointed former Deloitte chief executive N Venkatram as the country chair for CDPQ India. Venkatram, known as Venkat, will join the fund on April 1, 2024, and will also be a member of CDPQ's global management team, the company said. Venkat served as the CEO and managing partner of Deloitte South Asia from 2015 to 2023. He was also on the global executive of Deloitte Touche Tohmatsu, and Asia Pacific executive as well as a member of the South Asia board and the executive committee for 12 years.

consumer affairs ministry is unlikely to lift the ban on onion exports despite a fall in prices as the government does not want to take any decision that will make onions expensive before the general elections, an official privy to the development said. «There are instructions from the top to not touch onions before the elections,» the official told ET. This comes amid requests from traders to open up onion exports now that prices have moderated. Following India's ban on export of onions imposed on December 8, wholesale onion prices had crashed to ₹5-10/kg, leading to widespread protests of the farmers in the growing regions. The export ban also increased the global shortage of the kitchen staple at a time when the demand is at its peak, due to the upcoming Ramadan festival, industry insiders said.

HUL) has introduced a foster/kinship caregiver leave policy, offering up to four weeks of leave to employees who opt for pre-adoption foster care or become legal guardians as per their familial requirements. This policy acknowledges diverse familial arrangements and expands the scope of family caregiving beyond the immediate family, the company said.

leadership roles at companies has remained unchanged over the past five years, shows a study, suggesting that corporate India still has a long way to go to ensure gender equality at decision-making levels. At leadership roles like director, vice president, CXO, or partner at Indian companies, there are currently two women compared with 10 men, the same as in 2020, according to the findings of the study by professional networking platform LinkedIn and shared exclusively with ET.

Private sector investment in clean energy, especially in countries like India, is pivotal for the course of energy transition, said Riccardo Puliti, regional vice president, Asia and the Pacific, at International Finance Corporation. India continues to be the key destination for IFC, including in energy transition, and the World Bank Group member is looking to push up its investment in the country in the ongoing fiscal, which runs from July through June. In FY23 (July-June), IFC committed $3 billion across 30 projects, more than doubling its lending year-on-year. «This year we will do substantively more than that [FY23]. India is a country willing to move the needle on the energy mix,» he said. Financing that brings in private sector investment is vital to scaling India's climate solutions, he said. «The rule of the game is really to mobilise the private sector,» he added. India is IFC's largest investment destination with 10.4% of its global portfolio. It will help expand and diversify capital sources for critical power infrastructure, as done through its investment in IndiGrid, he said. IFC is also looking at sustainability-linked finance, enabling issuers to build a strong pipeline of green projects, Puliti said. IFC's focus is to leverage private capital to up support for sustainable infrastructure, industrial decarbonization, and green finance.

To help you get rid of the pain, we have compiled a list of 10 outstanding pain relief gels that work like magic on various muscle and joint related injuries. From trusted brands to innovative formulations, we've compiled a diverse range of options to cater to your specific needs.

Indian farmers gaze at passing clouds to predict rains. Spin bowlers toss up blades of grass to detect whether they’re bowling into or against the wind. Conversations at autumn-end usually veer towards the approaching winter.

Himanta Biswa Sarma performed Bhumi Pujan ceremony of 50 MW Solar Project being developed in Sonitpur, Assam by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN. The 50 MW Solar Project is being developed in Sitalmari village, in Barsola Block under Dhekiajuli Revenue Sector in Sonitpur district. It will be built at an estimated cost of Rs. 291 crores. The project will generate 101 million units of green energy in the first year and the cumulative energy generation over a period of 25 years will be about 2,319 million units. The energy generated will be supplied to Assam Power Development Corporation Limited at Rs. 3.92 per unit. Chairperson & Managing Director, SJVN, Geeta Kapur informed that SJVN has set its footprint in Assam and that SJVN Green Energy Limited (SGEL), the renewable arm of SJVN, is developing three solar projects of capacity 200 MW, 70 MW and 50 MW, thus amounting to a total power capacity in the state of 320 MW. Among these, the foundation stone for the 70 MW Solar Project in Dhubri, Assam was laid by the Prime Minister Narendra Modi on March 4, 2024.

NLC India Limited on Sunday signed an MOU with the Government of Rajasthan for the formation of a Joint Venture to set up a 125 MW Lignite Based Power Plant and 1000 MW Solar Power Plant. The MoU between NLC India Limited and Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) entails a staggering investment of more than Rs 7,000 crores, according to an official statement. Among the notable projects, the MoU outlines the establishment of a 125 MW Lignite Pit-head Thermal Power Plant in Bikaner district and a massive 1,000 MW Solar Power Plant, further reinforcing NLCIL's commitment to renewable energy initiatives.

India on Sunday signed a trade and economic partnership agreement with the European Free Trade Association (EFTA) — a grouping of Switzerland, Norway, Liechtenstein and Iceland — that includes a binding $100-billion investment commitment. As part of the Trade and Economic Partnership Agreement (TEPA), EFTA has committed to promote investments to increase the stock of foreign direct investments (FDI) in India by $100 billion in the next 15 years, and to facilitate the generation of one million direct employment in India through such investments, the government said in a statement. «The global leadership of EFTA countries in innovation and R&D across diverse spheres...will open up new doors of collaboration,» PM Narendra Modi said about the trade agreement.

New Delhi: Sekura Energy, an energy sector-focused platform of Edelweiss Infrastructure Yield Plus Fund, is the front-runner to buy solar projects totalling 350 megawatts (MW) from O2 Power, two people aware of the development said. The deal is likely to have an equity and enterprise value of $50 million and $200 million, respectively, the people said. The sale process is being run by EY.

MUMBAI : Mumbai: Reliance Industries Ltd-owned Viacom18 has brought its entertainment businesses under two top executives, in an overhaul ahead of its $8.5-billion merger with Disney’s India unit. As part of the new structure, Kiran Mani, who joined the company as chief executive of digital business (JioCinema) in November last year, will lead the digital and sports businesses, while the entire content business will be under Kevin Vaz, who joined as CEO - broadcast in July last year. Under the new structure, Vaz will oversee content clusters - general entertainment, English youth and music, kids and live events - for both linear TV and digital.

PTI. Punia suffered a crushing 1-9 defeat in the men's freestyle 65kg semifinal against Rohit Kumar. The following defeat was after he barely managed to win against Ravinder (3-3 on criteria) in the opening round.

Supreme Court is set to hear the SBI plea seeking an extension on providing details about electoral bonds on March 11. The largest commercial bank in India has requested the court to extend the deadline till June 30, which is after the Lok Sabha elections 2024. A bench led by Chief Justice of India (CJI) DY Chandrachud is also expected to hear the contempt petitions with the case on Monday.

₹76,000 crore, as it expects a mushrooming of chip fabs and testing units in the country in the years ahead. India will emerge as one of the top five semiconductor ecosystems in world in the coming five years, IT minister Ashwini Vaishnaw said in an interview. This will be backed by investments by global majors that are increasingly considering India for setting up fabrication or other units, the minister said.

Haryana was shot dead in his car in Jhajjar. According to a NDTV report, the liquor trader was shot dead outside Gulshan Dhaba's parking lot in Sonepat district at 8:30 am. The police have identified the deceased as 38-year-old Sunder Malik from Saragthal village in Gohana.