India Financial News

Indian Energy Exchange (IEX) fell by 9.4% following news of potential market coupling for power exchanges, expected to be implemented by the end of the current fiscal year or the start of FY26. The share price of IEX was recorded at Rs 216.88, down from the previous close of Rs 239.25. Additionally, around 1 PM, 18.40 lakh IEX shares changed hands, significantly higher than the previous two weeks' average volume of 6.49 lakh. On the NSE, approximately 5.10 crore shares were traded, according to reports.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

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Subscribe to enjoy similar stories. In the world of alternative proteins, August was a month of milestones. India’s government approved the Biotechnology for Economy, Environment and Employment (Bioe3) Policy, with manufacture of “smart proteins" as a key focus area.

₹19,999. Despite having the same Snapdragon 695 processor as last year, the CE 4 Lite has continued to be one of the most popular phones in the sub- ₹20,000 price range with its 5,500 mAh battery and 80W fast charging.

hilsa fish being sent to India is not a gift but an export aimed at generating foreign currency for Dhaka, reported TOI. Syeda Rizwana Hasan, adviser to the Ministry of Environment, Forests, and Climate Change, stated that they did not want to close the door on discussions with India over minor issues. «The decision came from the top level,» she said, emphasising that the export value of hilsa was significant and should not be underestimated. «The price has already increased so it's not accurate to say prices will rise further due to export. This matter is under govt's consideration,» noted the TOI report.

Indian Navy's frontline stealth frigate, INS Talwar, arrived in Mombasa, Kenya for strengthening ties between the two nations. The frigate arrived in the harbours of Mombasa on Sunday. The visit aims to strengthen ties further and reaffirm India's commitment to constructive collaboration and mutual growth. According to a statement by the Ministry of Defence, the navies of Kenya and India would be engaging in various interactions to strengthen cooperation and interoperability.

single-use plastics were banned on July 1, 2022. However, India used several more types of single-use plastic items. The Plastic Waste Makers Index 2019 ranks India as the thirteenth-largest investor in single-use plastic polymer production across the world. A section of experts and stakeholders say that the ban is not being uniformly enforced and these materials are being used for primary packaging across sectors. Vaibhav Anant, Founder & CEO of Bengaluru-based sustainable packaging solutions provider Bambrew, says that the primary reason single-use plastics are still being utilised for packaging across industries is a deep-rooted and widespread belief that there are no commercially viable alternatives. “All of this is a misconception,” adds Anant.

Indian Oil Corporation Ltd. traded 0.76 per cent up at Rs 170.9 at 10:39AM (IST) on Tuesday, even as BSE benchmark Sensex gained 67.91 points to 84996.52. The stock had closed at Rs 169.6 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 196.8 and Rs 85.51, respectively.

Ravindra Energy Ltd.(up 5.00%), KPI Green Energy Ltd.(up 5.00%), Reliance Power Ltd.(up 4.99%), NLC India Ltd.(up 3.62%), Torrent Power Ltd.(up 3.55%), Tata Power Company Ltd.(up 2.33%), Adani Energy Solutions Ltd.(up 2.15%), Power Grid Corporation of India Ltd.(up 2.01%), Voltamp Transformers Ltd.(up 1.59%) and KEC International Ltd.(up 1.27%) were among the top gainers.

Subscribe to enjoy similar stories. Breakout stocks to buy or sell: India's benchmark indices, Sensex and Nifty 50, extended their winning streak for a third straight session, hitting record highs on Monday, 23 September 23. Gains were driven by solid financial service performance, with additional support for realty and auto stocks.

Subscribe to enjoy similar stories. Bajaj Housing Finance recently entered the primary market with an initial public offering (IPO), aiming to raise ₹6,560 crore, but it drew bids exceeding ₹3.2 trillion. Similarly, PN Gadgil Jewellers sought to raise ₹1,100 crore and received bids of over ₹48,000 crore.

Subscribe to enjoy similar stories. New Delhi: New York-based alternative investment firm Stonepeak has emerged as the fourth shortlisted bidder to submit a binding offer to buy O2 Power, a renewable energy platform in India. The deal, which may rank among the largest green energy transactions in the country, is expected to have an equity value of around $1 billion and an enterprise value around $2.3 billion, said two people aware of the development.

Power Grid Corporation of India with a target price of Rs 425. The current market price of Power Grid Corporation of India is Rs 345.4. Power Grid Corporation of India Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 319801.26 Crore) operating in Power sector.

Northern Arc Capital listed on the exchanges on Tuesday with a premium of 33.5%. The stock debuted at Rs 351 on BSE and Rs 350 on NSE against an issue price of Rs 263. The company, a leading non-banking financial company (NBFC) specializing in retail loans, received an impressive response for its IPO, with a subscription rate of 117.19 times.

JHS Svendgaard Laboratories Ltd.(up 4.99%), Nakoda Group Of Industries Ltd.(up 3.29%), Nestle India Ltd.(up 0.70%), Honasa Consumer Ltd.(up 0.60%), Adani Wilmar Ltd.(up 0.57%), Tata Consumer Products Ltd.(up 0.54%), Parag Milk Foods Ltd.(up 0.49%), LT Foods Ltd.(up 0.48%), Mrs. Bectors Food Specialities Ltd.(up 0.40%) and Sheetal Cool Products Ltd.(up 0.29%) were among the top gainers.

Apple's foldable MacBook production pushed to 2028, no new info on foldable iPadMacBook Air M1 was launched in India at a price of ₹92,990 and is currently listed at ₹62,990 on Amazon. However, the Apple laptop will be listed at ₹55,990 and there will be an instant bank discount of ₹3,000 on certain bank cards.Additionally, as part of the early bird offer, Amazon Prime members will get a further ₹3,000 off in the first few hours, bringing the effective price down to ₹49,990.ckAlso Read | Apple could fix this major iPhone 16 flaw with iPhone 17, iPhone 17 AirMacBook Air M1 features a 13.3-inch Retina display with 2560x1600 resolution and is powered by the M1 chipset with 8-core CPU with 4 performance cores and 4 efficiency cores, which the company claims can "crush everyday tasks while using far less energy".

Subscribe to enjoy similar stories. The latest summit of the four-nation Quad, which brought together the leaders of Australia, India, Japan and the US, ended over the weekend with agreements to extend cooperation in areas varying from fighting cervical cancer and ensuring cybersecurity to joint development of port infrastructure in the Indo-Pacific, the creation of an air-logistics network and a group effort to keep chip supplies secure. This reflects a broad agenda, with the well-being of the region’s people at its heart.

Kapil Dev, the iconic former Indian cricket captain who led India to its first World Cup triumph in 1983, is of the view that the answer to this lies between the ages of 26 and 34. But what happens after that? Can fitness alone help cricketers extend their time at the top?

General Waker-uz-Zaman and his troops stood aside in early August amid raging student-led protests against Hasina, sealing the fate of the veteran politician who resigned after 15 years in power and fled to neighbouring India. In a rare media interview, Zaman told Reuters at his office in the capital Dhaka on Monday that the interim administration led by Nobel laureate Muhammad Yunus had his full support and outlined a pathway to rid the military of political influence.

Mayuresh Joshi, Head Equity, Marketsmith India, says with the wedding season expected to be in full-blown proportion along with the festivities in the next few weeks and months, apparel makers might be something to watch out for. There have been humongous moves in Trent, Aditya Birla Fashion and Raymond Lifestyle as well as Manyavar are expected to do well as well. Gold and jewellery stocks have done reasonably well. But from a discretionary spending perspective, these QSR players should come back strongly as well. Apparel makers, jewellery counters, and QSR, are good spaces for consumption spending. Is it time to relook at PSUs or is it too early for that? How should one look at the entire PSU pack at the moment? Mayuresh Joshi: When you are talking about the PSU pack, there are a whole host of sectors that get covered. So, within the sectors, obviously, how upstream companies will perform will depend on crude pricing primarily. Downstream companies, again, dependent a large portion in terms of how GRM margins will get spread out, what probably happens in terms of crude pricing as well and the transmission volumes thereof in lieu of expected demand.