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coal-fired power capacity over a decade, four sources familiar with the matter said, ending a six-year drought in significant private involvement in the sector. Adani Power, JSW Group and Essar Power are among the companies that have told India's power ministry they would be keen to expand old plants or develop stalled projects facing financial stress, according to the sources and a government presentation seen by Reuters. The potential investments, which have not been previously reported, could cumulatively cost billions of dollars and demonstrate renewed appetite in an industry seen by many as financially unattractive. But they also threaten to undermine progress made by the world's No.3 greenhouse gas emitter in weaning its economy off carbon.

₹570 per share from ₹500 earlier, implying an upside of over 24%. Analysts at Kotak Equities said their assessment of the positioning of the players’ e-commerce ecosystem and recent developments makes them more confident of increasing the relevance of Delhivery over time. The increase in FV of 14% is driven broadly equally by higher revenue CAGR (~20% over FY2024E-32E) and higher adjusted EBITDA margin (50-250 bps).

Why do you need health insurance?Health insurance plans serve as a vital safety net, providing financial protection against the potentially exorbitant costs of medical care. It offers access to a range of healthcare services, including preventive care, diagnostic tests, treatments, and cashless hospitalization, without imposing financial strain on individuals and families. It safeguards your finances and mitigates the risk of catastrophic medical expenses that could otherwise jeopardize financial stability depleting one’s savings during a medical emergency.Things to consider while investing in a health insurance plan1. Individual Health Needs: One of the primary considerations in deciding when to purchase health insurance is your health needs.

dearness allowance (DA) hike. Going by the Consumer Price Index for Industrial Workers (CPI-IW) numbers, as published by the Labour Bureau, a wing of the Ministry of Labour, the dearness allowance is likely to increase to 50% for central government employees. DA is a component of the salary of central government employees. It is aimed at easing the impact of inflation. Now, if DA hits 50%, certain other allowances and components of the salary will also increase, which will lead to a significant jump in your salary. The 7th Central Pay Commission has made detailed provisions on how DA touching 50% will impact your salary. Let's find out the details here.

growth in new orders and output led to service activity easing to 60.6 in February compared with 61.8 in the previous month, according to results of a private survey released Tuesday. The seasonally adjusted HSBC India Services Business remained above the 50 level, which separates expansion from contraction, but a milder growth affected business outlook. “Due to a slowdown in growth in new orders and output, services companies’ outlook for future business activity, while remaining strongly positive, weakened slightly,” said Ines Lam, economist, HSBC.

A key hearing over the future of Puerto Rico’s crumbling power company and its staggering $9 billion debt has begun following years of acrimonious talks between the U.S. territory’s government and creditors seeking to recover their investments

The first over-the-counter birth control pill will be available in U.S. stores later this month

Gold And Silver Prices Today: Gold prices experienced a slight increase on Tuesday. The price of 24 carat gold stood at Rs.6519.4 per gm, showing an increase of Rs.870.0.

China will improve policies supporting childbirth, an official government report said on Tuesday, which also detailed plans to support a growing elderly population by raising benefits and basic pensions and pushing forward a private pension system. The measures come after China's population fell for a second consecutive year in 2023, with new births dropping to about half of those in 2016, while marriages hit a record low in 2022.

Goldman Sachs analysts said in their Weekly US Kickstart note Monday that the current growth stock rally is unlike the tech bubble seen in the 1990s.

HDFC Bank bracing for lower loan growth? Brokerage Bernstein said investors are asking this question, extrapolating the bank's management's comments about prioritising profitability over growth and also the continued weak deposit growth. «While the weaker deposit growth has led to more moderate credit growth expectations across the sector, for HDFCB in particular, the extrapolation of management's comments on the usage of incremental deposits (reserve maintenance, HDFC Ltd liability replacement and growth — in that order) has raised questions on whether a loan growth of ~10% would become a harsh reality for HDFC, during the transition phase,» said the firm's analysts Pranav Gundlapalle, Ishan Mittal and Dhruv Luthra in a note to clients, while maintaining an outperform rating with a price target of ₹2,100.

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Most economists agree that it’s just a matter of time before the Bank of Canada cuts interest rates. But, as the bank prepares to unveil its latest rate decision on Wednesday, at least one is warning that the potential for a hot spring housing market and a stimulative federal budget could push the timeline for those cuts back to the fall.

Homes priced at under $500,000 are becoming a rarity in Ontario, with fewer than one in five dwellings falling under that threshold, new data from a government-run property assessment group shows.

Canada treats its aviation industry as a cash cow, when it should be considered an essential service, says an airline expert.

₹10 lakh on the State of Rajasthan for what it deemed as harassment of the poor litigant by dragging the case on for years and through various layers of the judiciary. This decision underscores the Supreme Court’s stance against unnecessary legal actions that burden individuals, particularly those with limited resources, and the Indian judicial system.

₹4 trillion. To put it in context, that is around 8% of the budget’s total expenditure, second only to defence in its non-interest expenditure pie. Add to it separate outlays from state governments—state-level top-ups for minimum support prices (MSPs), power subsidies, etc—and the amount is likely to go up substantially.

More than two-thirds of U.S. adults are expecting a tax refund this year, and the IRS has confirmed a larger average refund so far.

Himanta Biswa Sarma today inaugurated, laid foundations and performed bhumi pujan of projects worth Rs. 1,208 crore in Kamrup (M) district in different programmes held across the district. It may be noted that Sarma dedicated the Elevated South Bank Corridor of Guwahati- North Guwahati Bridge involving an outlay of Rs. 326.01 crore. The highlights of the project are it is a tree-lane flyover with two rotaries. Special noise barriers have been installed to control noise pollution which is first-of-its-kind in the state. The corridor is 1.2 km length with 15.2 m width from Bhoothnath to Machkhowa. The Chief Minister also laid the foundation of a 100 bed Azara District Hospital with a project cost of Rs. 116 crore. The hospital will have three operation theatres, 14 essential healthcare facilities including critical care, radiology etc. He also performed bhumi pujan for the upgradation of existing 2-lane road to 4-lane road connecting LGBI Airport from VIP Junction to Dharapur Junction involving a project cost of Rs. 358 crore. The length of the road will be 9 KM with roundabouts at VIP junction SoS junction and Garal junction replacing existing ones at grade T/Y Junction.

By Brendan Pierson

Custom duties and charges shall not be levied on medicines, drugs and therapies for rare diseases, the Delhi High Court has clarified in a recent order. Justice Pratibha Singh said that whenever medicines are brought in respect of rare diseases, the custom authorities shall ensure that the same are cleared expeditiously and no unnecessary impediments are caused in ensuring that the same reach the concerned hospital. The judge also asked the HC registry to communicate the order to the Central Board of Indirect Taxes and Customs for immediate compliance.