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Tata Power Charging Solutions, the largest provider of EV charging in the country, is looking at an over 6-fold jump in the number of semi-public and public chargers it offers for electric vehicles (EVs) to 25,000 from the current 4,000 over the next 5 years. The service provider is encouraged by the sharp month-on-month jump in the number of registered users on its mobile application amid a fast adoption to EVs, said a company executive. «With EVs growing at a fast pace, we are constantly expanding at suitable locations every month. We are also encouraged by the number of registered users on our app. It has gone up to 168,000 year-to-date (fiscal) as compared to 135,000 in the whole of last fiscal,» Virendra Goyal, the head of business development (EV Charging) at Tata Power told ET. The Tata Power Renewables' subsidiary has a presence in all the four categories which comprises home, public (including semi-public), bus and fleet charging segments. Since 2018, ahead of the launch of Tata Motors e-Nexon in 2020 — the first EV offering from Tata Motors — it has deployed 50,000 home chargers. It plans to end FY24 with 7,000 public EV charging points.

Reliance Jio is focusing on expanding its consumer base by pushing sales of the Jio Bharat phone, veering away from paying high incentives to encourage mobile number portability (MNP), as the telecom market leader looks to moderate sales and marketing costs, industry executives and experts said. The telco saw sales and general administration costs sharply increase over the past few quarters — to ₹540 crore in the quarter ended June 30, 2023, from ₹310 crore in the fourth quarter of FY22, indicating a jump of 74% over six quarters. «Jio is evidently looking to expand the subscriber base, but it is now focusing on capturing the feature-phone market by migrating users to the Jio Bharat phone, rather than encourage MNP since that was resulting in a lot of negative landing,» an executive with knowledge of the situation said. Telcos give their distributors incentives for enabling port-ins from rival networks.

Quadria Capital, a healthcare-focused investor, has started distributing the gains from its 10-year-old first fund, along with the principal, to its limited partners or investors. The process is anticipated to conclude by 2023-end. “We are in the process of returning the fund completely.

₹1.97 trillion production-linked incentive (PLI) scheme. On the face of it, the PLI scheme has nothing to do with tweaking tariffs. It is focused on incentivizing companies to increase domestic production across 14 sectors, rather than manufacture products outside India.

COVID-19 pandemic, US President Biden has unveiled a proactive strategy, intending to seek additional funding from Congress for the development of a novel COVID-19 vaccine. Furthermore, he suggested the possibility of mandating this new vaccine for all individuals, regardless of their prior vaccination status.

Alliance (NDA) to amoeba, and said the BJP-led front does not have any definite shape and size like an amoeba, reported PTI. Criticising out at Prime Minister Narendra Modi for calling the opposition INDIA alliance as "ghamandia" and "Indian Mujahideen", Thackeray said the NDA should be called "ghama-NDA" ("ghamandiye" meaning arrogant). While, addressing the rally, he asked Telangana chief minister and Bharat Rashtra Samithi (BRS) chief K Chandrasekhar Rao to clarify his stand.

Baghel on Sunday claimed recent raids conducted by the Enforcement Directorate (ED) in the state were politically motivated. He alleged the federal anti-money laundering agency neither took any action nor attached assets of the distillers concerned who are the main accused in the liquor scam. Baghel said Central agencies including the ED, CBI, DRI, and Income Tax have become a threat to democracy as the BJP-led Central government is misusing them. «The statement of Chhattisgarh BJP in-charge Om Mathur who on Saturday said in Surguja 'let's see what happens in the next two months' is the fresh example of the misuse of these Central agencies,» Baghel told reporters here. He alleged the ED is defaming the state government in the online betting app case. «The Central probe agency (ED) goes to one department then to another and when they get nothing there, they go to the third department, but they also get nothing there.

Kapil Sibal on Sunday hit out at Union Home Minister Amit Shah over his "red diary" barb at Rajasthan Chief Minister Ashok Gehlot and asked him to produce the diary if he knows its whereabouts. Shah on Saturday demanded the resignation of Rajasthan Chief Minister Gehlot over a «red diary» which, he alleged, contained details of corruption and black deeds of the state government. Addressing a «Sahakar Kisan Sammelan» in Gangapur city in the poll-bound state, Shah had said, «Nowadays Gehlot saab is very afraid of the colour red.

By Fergal Smith

WhatsApp, tempting individuals with opportunities to earn from the comfort of their homes. In the latest incident, a Mumbai resident fell prey to one of these scams and ended up losing approximately ₹18 lakh in his pursuit of earning additional income online. According to PTI, a 48-year-old Kharghar resident was enticed by fraudsters with the allure of fast cash.

₹15,000 crore in Gurugram during the second half of this financial year, news agency PTI quoted its Managing Director Ashok Kumar Tyagi as saying. After the success of sales of ₹8,000 crore worth of flats within three days in February in its new project 'The Arbour' at Gurugram, Tyagi said the company has set a target to achieve sales bookings of ₹13,000 crore in this fiscal year and hopes to exceed the number. DLF posted sales bookings of ₹15,058 crore during the 2022-23 financial year, which is a more than two-fold increase from ₹7,273 crore in the previous year.

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Sectorally, buying was seen in telecom stocks while selling was visible in infra, capital goods, realty, and power stocks. Stocks that were in focus include names like Shoppers Stop which was down more than 12%, Escorts Kubota rose more than 2% to hit a fresh high and Mastek closed with gains of over 4% on Friday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Hariprasad Kizhakkethara, SEBI Registered RA (INH200009351) and Director of Livelong Wealth.Shoppers Stop The stock has been continuously facing strong rejection from the resistance zone of 793-822 since Sept 2022.

In recent developments, Bitcoin bulls have propelled the cryptocurrency past the $26,000 threshold, inciting debates about whether now is the opportune moment to invest. 

US jobs data. This week, COMEX Gold prices saw an uptick, marking their first weekly gain in four weeks, even amid a significant surge in the US dollar. Previously, spot gold prices had dipped below the critical $1,900 per troy ounce threshold due to various factors, including US retail sales data and somewhat hawkish Federal Open Market Committee (FOMC) meeting minutes.

PTI. Nitish Kumar's remark came as JD(U) leader Shravan Kumar claimed that the Bihar Chief Minister is a worthy candidate for the post of Prime Minister but he does not aspire for it. "Nitish Kumar himself does not aspire to become the prime minister.

Introduction

By Jasper Ward and Patricia Zengerle

Earlier this week, US 10-year yields reached 4.36%, the highest point in over a decade. This comes as part of a medium-term upward trend that began in April of this year, fueled by both fundamental and technical factors.

Maharashtra's Chandrapur district from January to July this year, including 13 last month, as per the district administration data. From 2001 to 2023, 1,148 farmers have ended their lives in the district, including 446 in the last five years, according to the data. A committee comprising the district collector, zilla parishad chief executive officer and superintendent of police had declared 745 farmers, who committed suicide between 2001 and 2022, as eligible for government compensation and 329 deceased cultivators as ineligible, as per the district administration. The district administration had sent a proposal to the government for providing compensation to the kin of the deceased farmers and 48 cases are pending from December 2022, the data said. «We are following guidelines updated in 2006 for providing the compensation amount of Rs 1 lakh to the kin of farmers who commit suicide,» a senior official from the collectorate said. In case of suicide by farmers, the government provides compensation based on a fixed criteria. For reasons like crop loss, inability to repay loan from nationalised banks/co-operative banks or recognised moneylender, and failure to repay the loan, the kin of farmers will be eligible for a compensation of Rs 1 lakh, out of which Rs 30,000 will be handed over to them, while the remaining amount of Rs 70,000 will be deposited for five years into their accounts, as per the government resolution issued in 2006. A total of 54,514.65 hectares of crops belonging to 64,379 farmers in the district were damaged recently due to the flood in June-July this year, a senior official from the agriculture department said. He said a total of 852 villages were affected due to the flood in the district. Gondpipri

Reserve Bank of India (RBI) — increasing repo rates by 250 bps since last year, incremental cash reserve ratio — and the Central government's export controls have ensured that inflation is relatively under control, opined economists. India's central bank, the RBI, acts to control inflation through its monetary policies while the government does that through governance, infrastructure development that brings down the transaction costs and other ways, they added. «The RBI views inflation largely as a monetary phenomenon. Whether the inflation is due to supply or demand side, and whether it is driven by core or non-core components, the RBI believes that monetary policy intervention is required if the inflation rate breaches the tolerance zone,» Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers, told IANS. As a result, the RBI bases monetary policy on headline retail inflation (changes in cost of commodities, goods, services) rather than core retail inflation (changes in cost of services and goods excluding food, energy sectors). According to Hajra, the RBI with its mandate for growth support, strikes a balance between inflation management and growth promotion. «Consequently, the RBI may maintain an accommodative monetary policy stance to encourage growth even if the central bank is concerned about the current inflationary environment.