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Tata Power will be in focus in Tuesday's trade after the company announced the signing of a landmark memorandum of understanding (MoU) with the Rajasthan government. The agreement was signed during the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed investment plan under it will be Rs 1.2 lakh crore.

SpiceJet will be in focus on Tuesday after Gujarat-based Plutus Wealth Management LLP acquired 85 lakh shares of SpiceJet, worth Rs 51 crore, on Monday through a block deal. Plutus purchased SpiceJet shares at Rs 59.95 each, an increase from Friday's closing price of Rs 58.99. On Monday, the stock rose 8% or Rs 5 to close at Rs 63.70.

Subscribe to enjoy similar stories. New Delhi: The government is likely to allow sops for research & development and manufacturing under a new productivity-linked incentive policy for drones that is being discussed within the government, two people told Mint. The original proposal was to provide incentives for testing, R&D and manufacturing.

Subscribe to enjoy similar stories. Placement teams at India’s top technology schools are chasing potential recruiters early to avoid a repeat of last year’s struggle to land jobs for their graduates, even as companies are still undecided about their hiring numbers. While recruiters from information technology and related services, core industries, manufacturing and banking sectors have started registering with the Indian Institutes of Technologies (IITs), the companies haven’t disclosed their targets for the batch of 2025, according to a placement officer at one of the new IITs.

repo rate of 6.50%, despite surplus liquidity conditions in the banking system, money market dealers said. The WACR, which is the operating target of the RBI's monetary policy, was at 6.53% the previous day. The WACR typically eases when liquidity conditions in the banking system is in a surplus mode.

An investigation focused on three of the world’s largest shrimp producers claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people on the bottom end of the suppl...

Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers.

Sebi has not announced any measures to curb the surge in derivatives trading following its board meeting on Monday. Market participants were anticipating some action related to the futures and options market. Among the proposed measures that were expected include limiting the number of options with weekly expirations and raising the minimum contract size. However, it was not to be the case this time.

Atmanirbhar Bharat' initiative, the Army on Monday signed the eighth procurement contract through the Innovations for Defence Excellence (iDEX) platform. The aim of iDEX is to create an ecosystem to foster innovations and encourage technological development in defence and aerospace by engaging research and development institutes, academia, and industries and providing them funding and other support to carry out R&D which has good potential for future adoption by Indian defence and aerospace organisation. Launched by Prime Minister Narendra Modi on April 12, 2018, during the Defence Expo India, iDEX under the Defence Innovation Organisation has emerged as a front-runner in establishing the right kind of contact with startups and innovators and has gained substantial traction in the defence start-up community, the defence ministry said in a statement. The contract for procurement of 'Generation of Quantum Secure Key (Quantum Key Distribution)' with QuNu Labs was signed in the presence of Lt Gen NC Raja Subramani, Vice Chief of the Army Staff, at the South Block here.

Sebi) on Monday reviewed the performance of the Beta version of the optional T+0 settlement cycle and enhanced its scope by approving an increase in the number of scrips eligible for trading from 25 to top 500 listed companies in terms of market capitalisation. It will be done in a phased manner, a Sebi release said.

An investigation focused on three of the world’s largest shrimp producers claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people on the bottom end of the suppl...

Subscribe to enjoy similar stories. Exercise and physical activity are good for you. Alcohol is bad for you.

Jeffrey Gogo is a journalist with 20 years of experience in business, finance, cryptocurrency, and climate change news and analysis.

Benchmark NSE Nifty closed 368.11 points down at 25810.85 amid selling in frontline bluechip counters.

The Orissa Minerals Development Company Ltd.(up 5.90%), NMDC Ltd.(up 4.14%), Lexus Granito(India)Ltd.(up 2.05%), MOIL Ltd.(up 2.03%), KIOCL Ltd.(up 1.91%), 20 Microns Ltd.(up 1.05%) and Sandur Manganese & Iron Ores Ltd.(up 0.68%) stood among the top gainers.

Indian Oil Corporation (IOC) on Monday announced that it has withdrawn its Rs 22,000 crore rights issue as the government will not participate owing to the non-allocation of funds to the oil marketing companies (OMCs) in the Budget 2024-25. “This is in continuation of our earlier intimation dated 07.07.2023 wherein it was informed that the Board has accorded approval for raising of capital by way of issue of equity shares on right basis up to an amount not exceeding Rs 22,000 crore (Rupees Twenty-Two Thousand crore only), subject to receipt of necessary statutory approvals,” said IoC’s filing to the stock exchanges.

The cost of trading Futures & Options (F&O) involves brokerage fees which account for 51% of the transaction costs, then exchanges take 20% and the government collects the remaining 29% as taxes, a Capitalmind Financial Services note said, informing that approximately 1 crore individual traders have contributed around Rs 50,000 crores in transaction costs over the past three years.

The CSI 300 Index jumped 8.5% Monday, marking the most since 2008 as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% to enter a technical bull market. Its rally last week was the biggest in 16 years.

Ashok Leyland Ltd. fell 0.39 per cent to Rs 238.8 in Monday's trade as of 01:07PM (IST) even as the benchmark Nifty ruled at 25883.65, down 295.3 points. The scrip had closed at Rs 239.75 in the previous session. The stock quoted a 52-week low of Rs 157.65 and a high of Rs 264.7. The company quoted a market-cap of Rs 70121.88 crore on the BSE.

ICICI Lombard General Insurance Company Ltd. rose 1.14 per cent to Rs 2211.05 in Monday's trade. It hit an intraday high of Rs 2238.7 and low of Rs 2189.35, respectively, during the day. The stock quoted a 52-week high price of Rs 2285.85 and low of Rs 1266.0.

diabetes patient using cell transplants, reports said on September 30. The landmark surgery, which marks a world's first, lasted just half an hour, news agency PTI reported citing The Paper, a Shanghai-based news outlet. The patient, a 25-year-old woman, began naturally regulating her blood sugar levels approximately two and a half months after the procedure, the reports said. Researchers from Tianjin First Central Hospital and Peking University were part of the team that published their findings in the peer-reviewed journal Cell last week.