NEW DELHI: India has an investment potential of over ₹40 lakh crore in the power sector, Union minister Manohar Lal Khattar said on Thursday at a curtain-raiser for a global conference on the power sector.“We estimate an investment potential of over $345.97 billion in electricity generation and $68.22 billion in transmission and distribution. The energy…
Wall Street steadied on Thursday as heavyweight technology stocks bounced back on the back of strong signals from the global chip industry, while a sharp drop in crude oil prices helped soothe broader market concerns, according to an AP report.The S&P 500 rose 0.6%, snapping a two-day losing streak that followed its recent record high….
The address of the finance ministry may have changed, but when it comes to guarding the country’s most closely held financial secret, tradition still holds firm on Raisina Hill.Even after the ministry’s move to the new Central Secretariat offices at Kartavya Bhawan last year, the printing of the Union Budget — among the most confidential…
The Securities and Exchange Board of India (Sebi) has “in-principle” agreed to the settlement plea filed by the National Stock Exchange (NSE) in the long-running unfair market access case, a development that could finally clear the regulatory hurdle for the country’s largest stock exchange to launch its much-delayed initial public offering (IPO), reported PTI.Sebi chairman…
India’s merchandise exports rose 1.87% year-on-year to $38.5 billion in December 2025, even as higher imports led to a marginal widening of the trade deficit, official data released on Thursday showed, PTI reported.Imports increased 8.7% during the month to $63.55 billion, pushing the trade deficit to $25.04 billion in December. This compares with a deficit…
India’s Global Capability Centre (GCC) ecosystem is entering a decisive phase. Long seen as cost-efficient offshore back offices, GCCs are now becoming central to how global corporations build products, deploy technology and make strategic decisions. With evolving hiring patterns, and traditional IT services firms feeling the heat, the GCC story has moved well beyond topline…
Coca-Cola has roped in investment bankers including Kotak, HDFC Group and Citibank for a proposed initial public offering of its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), with the issue size pegged at about $1 billion (around Rs 9,027 crore), people aware with the matter told ET.The world’s largest beverage maker is targeting a summer…
Medical inflation is the most pressing concern at the moment. By Srikanth KandikondaAs India prepares for the Union Budget 2026-27, stakeholders across sectors are sharpening their focus on measures that can strengthen economic resilience and citizen welfare in the coming year. In the healthcare and insurance space, expectations are anchored in a sustained commitment to…
Real estate developers in Kolkata have urged the Centre to use the Union Budget to recalibrate housing policies to reflect rising land and construction costs, calling for higher tax benefits for homebuyers and a long-pending revision of the affordable housing definition to revive demand, especially in the mid-income segment, PTI reported.With the Budget set to…
India and the United States are continuing discussions on a possible trade agreement, with both sides seeing scope for a deal, Commerce Secretary Rajesh Agrawal said on Thursday, PTI reported.“Both sides are engaged (in trade deal talks)… and both sides feel that there can be a trade deal,” Agrawal told reporters, indicating that conversations between…
