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Piyush Goyal, Commerce & Industry Minister, in conversation with Navika Kumar of ET Now at the Times Now Summit 2024. Goyal says: “This is an election where national issues and India's future assume the centrestage and not the local issues of the MLAs or of the corporators. It is that recognition that you have to get amongst the voters and I think then you are home and through.” You have moved from Cabinet to candidate. You are set to make a poll debut and will be fighting from Mumbai North in the general elections. How much has life changed for you? Piyush Goyal: What do you mean by “from cabinet to candidate”? I continue to be in the cabinet.

Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the country’s wealthiest men. The Mukesh Ambani company will invest Rs 50 crore for a 26% stake in a 600MW unit of Mahan Energen’s thermal power plant. The latter is a wholly owned subsidiary of Gautam Adani-led Adani Power. Mahan Energen has agreed to allot 50 million equity shares of Rs 10 face value each to RIL at par, Reliance said in a regulatory filing. “The proposed investment by the company is in compliance with the provisions of the Electricity Rules, 2005,” it said. RIL did not disclose any specific purpose for signing the power purchase agreement.

₹70,000 crore in FY25. India's textile exports slid 4.2% to $30.96 billion during April-February, data from the commerce ministry showed. The slowdown in major economies such as the European Union (EU), the US, and West Asian nations is believed to be the primary cause of this decline.

NEW DELHI : Former US vice-president Al Gore-headed Generation Investment Management’s Just Climate LLP, and Singapore’s CapitaLand Investment Ltd are among entities exploring an acquisition of Radiance Renewables Pvt. Ltd, two people aware of the development said. The sale of the Eversource Capital-backed company, which operates in the commercial and industrial (C&I) segment, may attract a potential equity value of about $300 million, the people said.

Hyderabad: As K Chandrashekar Rao-led Bharat Rashtra Samithi (BRS) faces an unprecedented downslide following the arrest of Nizamabad MLC K Kavitha and continued exits from the party, the contest in Telangana is fast becoming a Congress versus BJP battle. In 2019 Lok Sabha polls, BRS had bagged nine Lok Sabha seats, BJP four and Congress three. All India Majlis-E-Ittehadul Muslimeen had retained Hyderabad. However, 2024 promises to be a different number game. As on date, more than half of BJP candidates in Telangana have BRS antecedents, with the bulk of them shifting loyalties this month only. The state's ruling party, Congress, is giving stiff competition to BJP as it has welcomed a slew of BRS MPs and MLAs into its fold in the run-up to the May 13 elections.

Suzlon Energy and Inox Wind, assigning them 'Buy' ratings. This move comes in light of the renewed attention on the wind-energy sector driven by the government's ambitious growth agendas. “We initiate coverage of these two companies, with Buy ratings, at TPs of respectively Rs49 (35x FY26e PE) and Rs590 (30x FY26e PE)," the brokerage firm said.

The Biden administration has issued a final rule aimed at limiting methane leaks from oil and gas drilling on federal and tribal lands, its latest action to crack down on emissions of methane, a potent greenhouse gas that contributes significantly to g...

It would not surprise me if future economic history books were to look back at the last week in central banking as marking a move away from strict inflation targeting by the world’s most influential central banks.

lithium and copper resources, a government source said, as rapid economic expansion and New Delhi's efforts to speed up the energy transition stoke demand for critical minerals. Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems in the push away from fossil fuels. As part of India's drive to explore overseas for mineral assets, state firms National Aluminium Company, Hindustan Copper and unlisted Mineral Exploration and Consultancy have set up a company called Khanij Bidesh India (KABIL).

Lok Sabha polls, and exuded confidence that the coalition would win all the 40 Lok Sabha seats in the state. Deputy Chief Minister and Bihar BJP president Samrat Chaudhary, senior JD(U) leader Shrawan Kumar, Lok Janshakti Party (Ram Vilas) chief Chirag Paswan and Rashtriya Lok Morcha president Upendra Kushwaha were among the leaders who spoke to reporters at the airport here. The NDA leaders are headed to Gaya, where Hindustani Awam Morcha (HAM) founder, Jitan Ram Manjhi, is scheduled to file his nomination papers. Later, they are slated to visit Nawada, where nominations will be filed by BJP candidate Vivek Thakur, and Jamui, which Chirag Paswan, the two-term MP, has given up for brother-in-law Arun Bharti.

VIP Industries jumped nearly 15% on Thursday to hit the day’s high of Rs 534 on the NSE after a couple of domestic brokerages upgraded the stock following the company’s analyst meeting. Prabhudas Liladher and Centrum have raised their ratings on the stock to ‘Buy’ with a revision in their price targets. The stock provides valuation comfort on the back of correction and management's focus on innovation, premiumisation, and improving supply chain gaps is lending comfort to these brokerages.

BSE on Thursday, March 28, after brokerage firm Kotak Institutional Equities (Kotak Securities) initiated coverage on the stock with a buy recommendation. India Shelter share price opened at ₹608.65 against its previous close of ₹585.60 and soon rose about 5.7 per cent to hit the level of ₹618.75. Around 10:15 am, the stock traded 5.07 per cent higher at ₹615.30.

₹506.25 apiece. This uptick follows the company's March investor presentation, wherein it outlined key targets for FY25. These include achieving a double-digit revenue growth starting from Q4FY24, bolstering market share from H1FY25 onwards, and venturing into premium segments by tapping into new price points.

Stock Market News: On the last trading day of the fiscal year 2024, the domestic benchmark equity indices, the Sensex and the Nifty 50, began the day higher on Thursday, fuelled by gains in information technology stocks and financials. However, significant volatility is anticipated ahead of the monthly derivatives expiry. The Sensex opened higher by 269.86 points or 0.37% at 73,149.34 level while the Nifty 50 began at 22,163.60 level, up 73 points or 0.33%.

BSE Sensex was up 543.96 points, or 0.75%, at 73,540.27, while the Nifty 50 was trading 160.00 points, or 0.72%, higher at 22,283.65. The Nifty Midcap 100 and the Nifty Smallcap 100 indices were also trading with decent gains. Analysts believe that the Nifty 50 index sustaining above the 22,200 level may lead to further gains towards 22,400 and 22,500 levels in the coming days.

oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode. Brent crude futures for May were up 29 cents, or 0.34%, at $86.38 a barrel while the more actively traded June contract rose 28 cents, or 0.33%, to $85.69 at 0041 GMT. The May contract expires on Thursday.

U.S. dollar received a boost against major currency peers on Thursday, as a Federal Reserve official said he wasn't in a hurry to cut rates amid sticky inflation, and as traders braced for key economic data. Meanwhile, although still not far from the 152 mark, the yen was holding its ground against the greenback after Japan's top monetary officials on Wednesday suggested they were ready to intervene.

With the wealth management industry looking to boost the number of women financial advisors, one large RIA, Choreo, said Wednesday it is starting a campaign focused on women advisors and clients. The firm, with $24.6 billion in client assets, firm intends to use its relationships with tax specialists and certified public accountants as part of that goal.

Day trading guide for today: Frontline indices Sensex and Nifty 50 settled higher on Wednesday led by heavyweights including Reliance Industries along with oil marketing companies (OMCs). Buying interest in auto, banking, and realty stocks on positive macro data also aided sentiment. A decline in global crude oil prices supported hopes for refining margins among Indian OMCs.

BSE Sensex ended 526.01 points, or 0.73%, higher at 72,996.31 on March 27. The broader markets ended mixed as the Nifty Smallcap 100 index gained 0.96%, while the Nifty Midcap 100 index settled flat with a positive bias.

BEIJING — China's economy is ending the first quarter on a «strong» note, according to a business survey published by the China Beige Book on Thursday.