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Parliament was informed on Monday. The government's aim is to have an installed power generation capacity of around 777.14 GW by 2029-30. India's overall power generation capacity was at 454.452 GW as of October 2024. The Ministry of Power, in consultation with states, has envisaged a plan to add thermal capacity of a minimum 80,000 MW by 2031-32, Union Minister Shripad Naik said in a written reply to Rajya Sabha. «Against this target, 29,200 MW thermal capacity is already under construction, while 51,520 MW is at various stages of planning & development,» the Minister of State (MoS) for Power said.

RBI's regulatory initiatives and asset quality trends will push non-bank lenders to slow down their growth in asset under management (AUM) to 15-17 per cent in the current fiscal and next, domestic rating agency Crisil said on Monday. The sector had achieved a handsome growth of 23 per cent in the AUM in FY24, the agency said, adding that even with the slower growth, the AUM expansion will be higher than the 14 per cent of the last decade. Entities will opt for «sustainable growth» because of the regulatory environment and asset quality trends, the rating agency said, adding that the present situation will lead to recalibration in strategies. RBI had in November last year increased the risk weights on banks' lending to NBFCs along with the lending to unsecured loans, where NBFCs are very active. Additionally, the micro loan segment is also showing signs of stress on asset quality lately.

Prosus, the Dutch-listed technology investment arm of Naspers, is gearing up for a ramp-up in its India IPO pipeline, highlighting five potential IPOs over the next 18 months. E-commerce firm Meesho, omnichannel jewellery retailer Bluestone, and fintech company PayU India are among the firms lining up for public offerings. Prosus CEO Fabricio Bloisi did not elaborate on the IPO timelines during a call with reporters on Monday. The company also disclosed that it had acquired an 11% stake in supply chain finance firm Mintifi for approximately $80 million. Additionally, it invested $100 million in housing finance company Vastu Finance, securing an 8.4% stake.

Meri Delhi Mera Sankalp BJP", party MP Ramvir Bidhuri said on Monday. At a press conference in Delhi, the South Delhi MP also released a phone number and the #bjpsankalp2025 hashtag, inviting suggestions for the party manifesto from people through social media. The Delhi BJP's manifesto chairman for the assembly polls said the meetings with the various sections of the society will be held at the assembly constituency and district levels. Senior party leaders and members of the manifesto committee were given charges for various Lok Sabha constituencies in Delhi — Parvesh Verma was given the charge of Chandni Chowk, Arvinder Singh Lovely New Delhi, Satish Upadhyay East Delhi, Ajay Mahawar North East Delhi, Kailash Gahlot and Abhishek Tandon South Delhi and former Union ministers Harsh Vardhan and Vijay Goel North West Delhi.

SBI Mutual Fund has announced the launch of the NFO of SBI Quant Fund, an open-ended equity scheme following a Quant-based investing theme. The New Fund Offer (NFO) of the scheme will open for subscription on December 4 and close on December 18. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in equity and equity-related instruments selected based on quant model themes.

NASA scientists have discovered an exoplanet, Neptune-sized planet, TOI-3261 b, where a year lasts just 21 Earth hours. The ultra-hot planet makes a scorchingly close orbit around its host star, resulting in its extremely short year, NASA said. Only the fourth object of its kind ever found, the planet could reveal clues as to how planets such as these form.

Subscribe to enjoy similar stories. Mauritius is an important gateway for India’s strategic and economic partnership with Africa. Located in the Indian Ocean, Mauritius is in a position to leverage its geographic location, robust economic policies and regional agreements to facilitate trade and investment between India and Africa in consonance with India’s Africa strategy as laid down by Prime Minister Narendra Modi.

Instagram video featuring Indian content creator Neha Arora and her Korean husband, Jongsoo Lee, has taken social media by storm, accumulating over 1.4 million views. The video, which humorously blends K-drama style with Indian humor, showcases a lighthearted language challenge between the couple.

central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at only 42 per cent and it will be a challenge for the government to spend the remaining 58 per cent in the remaining five months. It said,«It would be a daunting task for the govt. to achieve the Rs 11.11 lakh crore budgeted target for the fiscal as the govt. has only five months left to spend the remaining 58 per cent of the full-year capex budget».

Alternative Investment Funds (AIFs) investments made across sectors in H1 FY2025, real estate’s share was the highest at 17% — nearly Rs 75,468 crore, according to latest SEBI data compiled by Anarock. Rs 12,801 crore were also raised via Qualified Institutional Placements (QIPs) within the same period — again, the 2nd highest among all the major sectors and comprising a 17% overall share. According to the data, other sectors benefiting from AIF investments are IT/ITeS, financial services, NBFCs, banks, pharma, FMCG, retail, renewable energy.

Krish Arora, has achieved an extraordinary IQ score of 162, surpassing the estimated scores of legendary physicists Albert Einstein and Stephen Hawking, who were thought to have IQs around 160. This score places Krish among the top 1% of the world's most intelligent individuals.

Shree Cements Ltd. 2.83 per cent to Rs 26800.00 at 10:47AM (IST) in Monday's trade. The scrip has hit a high of Rs 26844.95 and low of Rs 26052.00 so far during the session. The stock had closed at Rs 26060.15 in the previous session. The counter has had a total traded volume of 308 shares so far with a value of Rs 0.82 crore on the NSE. It traded at a price-to-earnings multiple of 55.72 and a price-to-book ratio of 4.48.

Cholamandalam Investment & Finance Company Ltd. 0.7 per cent to Rs 1243.40 at 10:52AM (IST) in Monday's trade. The stock hit a high of Rs 1259.00 and low of Rs 1233.60 so far during the session. The stock had closed at Rs 1234.65 in the previous session. The counter had a total traded volume of 10:52AM shares so far with a turnover of Rs 1.63 crore on BSE. The stock traded at a price-to-earnings multiple of 27.12 and a price-to-book ratio of 4.96.

Varun Beverages Ltd. 3.39 per cent to Rs 642.10 in Monday's trade as of 09:59AM (IST) even as the benchmark Nifty ruled at 24139.85, 8.75 points. The scrip had closed at Rs 621.00 in the previous session. The stock quoted a 52-week low of Rs 418.78 and a high of Rs 682.84. The company quoted a market-cap of Rs 216769.06 crore on the BSE.

trade hub by expanding participation of authorised economic operators (AEOs), integrated free zones, and promoting innovative policies, Revenue Secretary Sanjay Malhotra said on Friday. «We aim to set new benchmarks in trade facilitation and global connectivity,» Malhotra said while delivering the valedictory address at the Global AEO Conference here. He further said technology and trust are two pillars of the revenue department and underscored the importance of expansion of Mutual Recognition Agreement (MRA) programme to include more regional and bilateral partners. India has been adopting technology both in direct and indirect tax administration, he said, adding that most of the services are online including appeals, refunds and payments.

Adani Group stocks will be in focus on Monday after Gautam Adani, chairman of the energy-to-infrastructure conglomerate, addressed ongoing challenges, including allegations of bribery and fraud involving Adani Green Energy. Speaking at the 51st Gem & Jewellery Awards in Jaipur on Saturday, Adani described the allegations as opportunities to strengthen the group. «Less than two weeks ago, we faced allegations from the US regarding compliance practices. Every attack makes us stronger, and every obstacle becomes a stepping stone for resilience,» Adani said, referring to charges filed by the US Department of Justice and the SEC.

Axis Securities has a buy call on Mazagon Dock Shipbuilders with a target price of Rs 4,965. The current market price of Mazagon Dock Shipbuilders is Rs 4484.85 The time period given by the analyst is 3-4 weeks when Mazagon Dock Shipbuilders Ltd. price can reach defined target. Mazagon Dock Shipbuilders, incorporated in 1934, is a Small Cap company with a market cap of Rs 89530.19 crore) operating in the Defence sector. Mazagon Dock Shipbuilders' key Products/Revenue Segments include Contract Revenue, Sale of Products, Other Operating Revenue, Ship Repairs and Scrap for the year ending 31-Mar-2024.

IPO party of 2024 stood out as a landmark year for fundraising, with blockbuster issues making headlines and drawing strong investor interest. However, the post-listing performance of many of these IPOs was mixed with 48% of the issues or nearly 1 in 2 slipping below their listing day close, according to an analysis by ETMarkets. Out of the 72 IPOs for which data is available, 35 are currently trading below their listing day price. On the brighter side, three issues have turned into multibaggers, while 27 have delivered strong double-digit returns since their debut.

Yogi Adityanath, has declared the Maha Kumbh area in Prayagraj as a new district. The decision, taken on Sunday, which led to the formation of the new Maha Kumbh Mela district, was made to streamline the management and administration of the upcoming Kumbh Mela, ensuring smooth operations for the grand religious event scheduled for January 2025. The newly formed district will be known as Maha Kumbh Mela. This step has been taken to smoothly manage the special event of Kumbh Mela and conduct administrative work in a better manner.

Stocks that were in focus include names like Paytm, which fell 2.8% and BEML, which gained 5% and NCC, whose shares jumped 2% on Friday.

VK Saxena has directed the Delhi Police, Narcotics Control Bureau, and all relevant departments to work towards making the national capital drug-free within the next three years. He added that teams would be formed to target drug peddlers and make arrests. " On November 26, the LG had called for a state-level review meeting which which was attended by all the departments. The LG directed the Delhi Police, Narcotics Control Bureau, and all the departments that he wanted to see Delhi as a drug-free Delhi in the next three years," said the DCP Crime.