Updates Financial News

Edith Hancock at [email protected] all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Mint.With BluSmart, Eversource aims to enter consumer mobility, expanding beyond the business-to-business fleet (B2B) model of Lithium Urban Technologies into the business-to-consumer (B2C) ride-hailing market, one of the people cited above said. Both people requested anonymity.Since the plan involves assets under insolvency proceedings, no valuation has been discussed at this point, the other person said.

crude oil to India.Higher oil and gas prices should force CGDs and oil marketing companies (OMCs) to raise prices of CNG and auto fuels. Nomura estimates that CGDs source 30%-40% of their natural gas requirement from imported LNG. As imported LNG prices rise (due to higher pricing and shipping costs), CGDs must raise the CNG price to maintain their Ebitda margins.

Lenskart, are also entering the fray with smart glasses aimed at real-time translation and contextual assistance.The logic is simple: if traditional smartwatches have become commoditized health trackers, AI-powered wearables could revive demand by becoming what founders describe as a “second brain”, devices that remember conversations, assist with speech, translate in real time and even complete tasks through voice commands.“AI-first wearables have the potential to revive a slowing category by transforming devices from passive trackers into intelligent companions that deliver real time health insights, personalization, and secure authentication,” said Anshika Jain, senior analyst at Counterpoint Research.Market projections reflect that optimism. The AI wearables segment in India generated $1.7 billion in revenue in 2023 and is projected to reach $12 billion by 2030, according to Grand View Research.

The day after the Union Budget on 1 February, US tariffs on Indian exports fell from 50% to 25%, and further to a promise of 18% through a trade deal. Later, the US Supreme Court verdict against ‘reciprocal’ tariffs resulted in a uniform levy of 10% on all countries, including India, possibly rising to 15%. Wherever it settles, there is some reprieve for labour-intensive export sectors.

For investors keen to move from commission-based mutual fund advisory to fee-only advice, a common question is: How can I shift my portfolio from a mutual fund distributor (MFD) to a registered investment adviser (RIA) without disrupting investments or triggering avoidable taxes?The shift essentially involves moving from a regular plan, where commissions are built into the expense ratio, to a direct plan, which excludes distributor commissions and typically has lower costs. In the latter, you pay a fixed fee to the RIA.Investors broadly have two options.

Last week, India’s statistics ministry released its first estimates of gross domestic product (GDP) and other associated national accounts data with 2022-23 as the base year for a new GDP series. This is the second major economic indicator after the consumer price index (CPI) to have seen a base revision. Both these indicators had been using 2011-12 as base year, rendering them more than a decade old.

Technology News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

The Reserve Bank of India (RBI) has lowered the repo rate by 125 basis points (bps) in this rate cut cycle and governor Sanjay Malhotra reiterated that rates will remain lower for longer. While banks have lowered both lending and deposit rates, these were not entirely in tandem.Amid all this, credit growth in the banking system continues to outpace deposit growth.

₹10-20 per megawatt-hour to ₹40-50, they remain below the ₹60-70 levels seen a year ago, said Aditya Malpani, senior director and regional business development head for west at Ampin Energy Transition, a renewable energy company that also trades I-RECs.Prices of RECs have remained steady around ₹350, as abundant supply has prevented a price increase despite high demand from industries and utilities looking to meet their renewable consumption obligations (RCOs) for FY26.“This increase happens generally at this time of year because corporates want to meet the 31 March target of sustainability,” Malpani said. “Both RECs and IRECs see an increase in demand at this point.”RECs are domestic instruments issued by the National Load Despatch Centre, typically used by state discoms and industrial power users to meet RCO targets.

NEW DELHI: The heavy industries ministry has begun assessing proposals from state governments and state-run oil marketing companies to install charging infrastructure for electric vehicles (EV) under the ₹10,900 crore PM E-Drive scheme, with the aim of disbursing about ₹80 crore by the end of FY26, according to two people aware of the development.The government has allocated ₹2,000 crore of the scheme’s overall outlay towards supporting the installation of over 72,000 EV chargers. It will cover 70-100% of the upstream costs of setting up charging stations in state-owned premises in cities and on highways, including bringing adequate grid power to the site, and 70% of the cost of actual chargers.The government roughly halved the benchmark costs of setting up public EV charging stations in 2025 from the 2022 estimates to ₹1.6 lakh for a 12-kW charger, ₹3.4 lakh for a 60-kW charger, ₹5 lakh for a 120-kW charger, ₹8 lakh for a 240-kW charger, and ₹12.5 lakh for a 360-kW charger.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

[email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Help is available: Reach the 988 Suicide & Crisis Lifeline (formerly known as the National Suicide Prevention Lifeline) by dialing or texting 988 or going to 988lifeline.org.Write to Julie Jargon at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.