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greenfield capital city Amaravati. These projects will commence immediately after the Cabinet's approval on March 17, he said in an official statement on Tuesday. «As many as 59 tenders worth nearly Rs 37,702 crore were approved for the construction of Amaravati. Nearly 20,000 people will be engaged in Amaravati development work from next month,» said Narayana. Chief Minister N Chandrababu Naidu chaired the 45th CRDA meeting at the secretariat, where several key decisions were made regarding Amaravati's development. «Previously, tenders were invited for a total of 73 projects worth approximately Rs 48,012 crores with the approval of CRDA and the cabinet. Out of these, tenders for projects valued at Rs 37,702 crores were opened on Monday and approved in the CRDA meeting. Letters of Intent will be issued immediately for executing these projects,» Narayana said. Among these 59 projects, 22 fall under CRDA's purview, valued at around Rs 22,607 crores while 37 projects of ADC are worth approximately Rs 15,095 crores. The CRDA, which has a total of 24 projects, has invited tenders for only 22 so far, with the remaining two scheduled to be opened on March 17, he said. Additionally, tenders for 19 more projects worth Rs 16,871 crores will be invited by the end of this month. These include projects such as the NTR statue, an iconic bridge, connecting roads to the national highway and the Karakatta road (Krishan river bank road) construction.

Subscribe to enjoy similar stories. In the last year, I noticed a pattern in the stories that people were telling about their stock picks—and in bull markets, everyone has a story. Most stories were about companies supplying either goods or services to a government or a quasi-government entity, maybe for highways, railways, power, defence or something of that kind.

Ola Electric chief executive Bhavish Aggarwal said on Wednesday that the company expects to be Ebitda (earnings before interest, taxes, depreciation, and amortisation) positive in the next quarter. «Our @OlaElectric EV business will be EBITDA positive next quarter. When we started many thought EVs will never be profitable. Kudos to the Ola Electric team for working hard to make this happen more than a year ahead of analyst estimates,» he said in a post on X. In addition to the automotive business, the company also operates in the battery cell manufacturing space.

Subscribe to enjoy similar stories. Most Indian parents dream of sending their child to top-tier institutions like IIT or ISB, but few plan for the staggering costs. When the admission letter arrives, panic often follows.

March 15 is the last date to pay advance tax for the current financial year. Advance tax is essentially the tax you pay on all other income besides your salary.

Adani Enterprises are set to be in focus on Wednesday after the company’s real estate arm, Adani Properties Pvt Ltd (APPL), emerged as the highest bidder for the redevelopment of Motilal Nagar, one of Mumbai’s largest housing projects. The total redevelopment cost is estimated at Rs 36,000 crore. Sources told PTI that APPL surpassed its nearest competitor, L&T, by offering more built-up area than the latter. The Motilal Nagar project spans 143 acres in the western suburb of Goregaon (W) and includes the redevelopment of three separate parcels—Motilal Nagar I, II, and III.

Reliance Jio has announced a partnership with Elon Musk’s SpaceX to offer Starlink satellite internet services in India. The deal, however, hinges on government approval before SpaceX can begin operations in the country. Under the agreement, Jio will make Starlink equipment available in its retail stores and online platforms while also providing installation support. This collaboration comes after a previous clash between the two companies over spectrum allocation for satellite services. While Jio pushed for an auction, the Indian government sided with Musk’s preference for administrative allocation, in line with global practices. Jio’s announcement comes just a day after Bharti Airtel inked a similar deal with SpaceX. Airtel, which has a long-standing presence in satellite communications through its OneWeb project, is positioning itself to leverage Starlink’s capabilities. The two telecom giants are now set to compete not only in traditional broadband but also in the satellite internet space. Both deals are conditional upon Starlink obtaining government approval to begin operations in the country.

Chirag Mehta, CIO, Quantum AMC, says small and midcaps are still a bit expensive and there could be some more current downsides because of the high valuations that prevail in those segments. From a largecap perspective, some pockets of opportunity are starting to emerge. But on a broader basis, there could be some more downside from here on and would give a good opportunity to deploy further into the markets. Mehta also says in the case of IT, on a holistic basis, there could be near-term jitters, but from a medium to long-term perspective, we are still comfortable with what Indian IT services can deliver. What is your take on the markets right now? We are seeing of late that India is witnessing a bit of a recovery, but it is the global peers that are under pressure. Has the majority of the selling for Indian markets already happened and maybe it is time to look out for some of the opportunities in this market or do you believe that there could be some more pain in store? Chirag Mehta: Yes, India was doing well in terms of economic growth over the last two years on a relative basis and also the market was reflecting that. But markets got carried away in terms of valuations that they were prevailing in across the segment and more so in the mid and smallcap segment given the flows to that segment were very high.

Subscribe to enjoy similar stories. Public discontent with inflation and high prices more than anything else weakened support for Kamala Harris and opened the door to Donald Trump’s return. Throughout the campaign, Mr.

Airtel partners Eutelsat OneWeb for satellite broadband, but the European competitor to Starlink uses a different satellite constellation that makes its services more expensive. Both services are way more expensive than terrestrial broadband services Airtel and competitor Reliance Jio offer in dense urban clusters. Yet, around 40% of Indians don't have internet access.

economic inequality through equitable redistribution, 'freebies' in the form of schemes have become a competitive tactic to secure votes, often at the expense of fiscal prudence. Take Maharashtra. The government's pre-poll giveaways have pushed state debt to a record ₹9.3 lakh cr, and widened revenue deficit to ₹45,891 cr for 2025-26.

Donald Trump’s tariffs on Canada and Mexico will soon come into effect. The two allies of the US are top suppliers of food and beverages. Experts have predicted that prices of various essential goods will see a rapid hike. Donald Trump, soon after assuming office for his second term, announced 25 per cent tariffs on Canada and Mexico before freezing it for a limited period after market backlash.

revenue growth of top 100 large and liquid companies listed on the Bombay Stock Exchange (BSE) slowed to a third last calendar year compared with 2023, even as their rates of net profit expansion surged five times, reflecting the evident success of cost control initiatives. The financial performance by BSE100, a broad representation of the Indian equity market beyond the Sensex, revealed a sharp slowdown across manufacturing, services and consumer companies, showed ETIG compiled data. Revenues of these companies climbed 9% while net profit rose 32% in 2024, compared with 25% increase in sales and 7% rise in profits during 2023. «It is largely due to a slowdown in the overall consumption segment as well as oil, gas and steel businesses, where prices essentially remained benign and hurt value growth,» said Madan Sabnavis, chief economist, Bank of Baroda. «If BFSI is excluded, the overall growth will moderate even further. While profit was higher, it was largely due to high base effect, cost control by companies that include cost of production, and marginal salary hikes.» Sabnavis expects better aggregate performance from this set of companies next year.

The transaction, completed on 10 March, marks the first sale to be signed and completed as part of the trust's managed wind-down. One third of investment trusts made double-digit returns in 2024 amid troublesome year for sector The net closing payment, made to Ecofin's indirectly wholly-owned subsidiary, RNEW Capital, stood at approximately $37.1m. However, according to the notice, the net proceeds of the disposal, which excludes estimated tax liabilities plus other costs, will bring that figure down to $33.5m. «Of that, an amount of $400,000 is to be held in escrow for a short ...

Southwest Airlines said Tuesday that it will begin charging customers a fee to check bags, abandoning a decades-long practice that executives had described last fall as key to differentiating the budget carrier from its rivals. Southwest, which built years of advertising campaigns around its policy of letting passengers check up to two bags for free, said people who haven't either reached the upper tiers of its Rapid Rewards loyalty program, bought a business class ticket or hold the airline's credit card will have to pay for checked bags. The airline did not outline the fee schedule but said the new policy would start with May 28 bookings.

LightStream makes our list twice, as Best Overall and Best for Large Loan Amounts. It hit the sweet spot in our scoring rubric: low APRs, a wide range of loan amounts, and a very wide range of repayment options. If you need a large sum, for a home improvement or a boat, LightStream lends up to $100,000. You’ll have up to 20 years to repay for specific loan uses (like home improvements).

The world's biggest social media company has begun a small deployment of the chip and plans to ramp up production for wide-scale use if the test goes well, the sources said. The push to develop in-house chips is part of a long-term plan at Meta to bring down its mammoth infrastructure costs as the company places expensive bets on AI tools to drive growth.

Trump is obsessed with winning the Nobel Peace Prize, which is one reason why he’s pushing Ukraine and Russia so hard toward cease-fire negotiations. The way the US president is going about it won’t earn him any favor in Oslo, though, because so far he mainly seems to be coercing Ukraine to capitulate.

«Commissioning of a significant capacity of previously delayed projects drove capacity additions in 2024,» Mercom India Solar Market Update report said. According to Mercom, large-scale solar projects (including solar open access) accounted for more than 87 per cent of the total capacity additions, while rooftop solar contributed nearly 13 per cent.

Since 2022, the share of investment companies owned by wealth managers has fallen from 27% to 24%, with the decline particularly sharp in alternative investment companies, where it has seen a decline from 24% to 17%, according to a report from the Association of Investment Companies. CEO of the AIC Richard Stone blamed the «consolidation in the wealth management industry, along with a cost disclosure regime that has inflated the apparent costs of investment companies» for making investment trusts less appealing to wealth managers.  «The cost disclosure issues have been particularly ac...

Sri Lanka has not changed its stance on doing business with India's Adani Group and welcomes investment opportunities from the conglomerate, the country's cabinet spokesperson said on Tuesday. Gautam Adani, the chairman of the ports to power business group, and top executives of Adani Green were indicted by U.S. prosecutors last year for their alleged role in a $265 million scheme to bribe Indian officials to secure solar power deals. Adani and the executives have denied any wrongdoing. Sri Lanka, however, had said it was «unconcerned» by the group's dealings with other countries. «But Sri Lanka remains firm on negotiating purchasing costs of power generated from the wind power projects,» the cabinet spokesperson said, referring to the two proposed wind power projects Adani has withdrawn from.