NEW DELHI: Adani Energy Solutions (AESL) has inked a securities purchase agreement to acquire a 100% equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services (EESL).The proposed acquisition will strengthen AESL’s position as India’s largest smart…
NEW DELHI: Flying is set to get more expensive, with oil marketing companies Tuesday increasing aviation turbine fuel (ATF) prices by 10% under the new price-stabilisation regime. ATF prices will remain frozen at this level for three years under the new regime. Jet fuel for domestic carriers will now cost Rs 115 per litre, up…
NEW DELHI: The government has formally opened the door for exchange-based coal trading in India by notifying the Coal Exchange Rules 2026, laying down a regulatory framework for setting up and operating coal exchanges aimed at bringing greater transparency, competition and market-based price discovery to the coal sector.The rules provide for the establishment of regulated…
NEW DELHI: Over two months into the financial year, the Centre has raked in around Rs 20,000 crore from disinvestment and asset sales, pushing ahead with its strategy to raise resources through non-tax revenue route in face of the mounting subsidy bill due to the West Asia conflict. The funds raised so far are around…
The government’s recent measures to boost foreign portfolio investment (FPI) in Government Securities (G-Secs) are aimed at improving India’s chances of securing inclusion in Bloomberg’s flagship Global Aggregate Bond Index, government sources said on Tuesday, PTI reported.Last Friday, the Centre unveiled a series of reforms to increase FPI participation in G-Secs and deepen the domestic…
The rupee snapped its losing streak and appreciated 20 paise against the US dollar on Tuesday as easing crude oil prices and a weaker dollar improved investor sentiment amid hopes of a pause in hostilities between the US and Iran.Forex traders said the domestic currency also drew support from positive domestic equities, softer US Treasury…
Aviation turbine fuel (ATF) prices for domestic airlines rose by around 10 per cent on Tuesday as state-owned oil marketing companies rolled out a government-backed price stabilisation scheme that will allow carriers to lock in fuel rates for up to three years.Under the new regime, airlines opting into the scheme will pay a fixed ATF…
The fertiliser ministry has sought a 100% increase in the fertiliser subsidy budget for FY27 as the West Asia conflict drives up global fertiliser prices and import costs, according to government sources, PTI reported.Sources said the Department of Fertilizers has approached the Finance Ministry seeking a doubling of the fertiliser subsidy from the budgeted Rs…
MUMBAI: India’s growth story, anchored in domestic consumption demand, strong govt investments and improving private sector participation, has helped the country stand out as a resilient economy at a time of global turmoil due to geopolitical uncertainties, Sebi chief Tuhin Kanta Pandey said.“We are living in uncertain times. Ongoing geopolitical developments, including war in West…
US stocks advanced on Tuesday as technology shares tied to the artificial intelligence (AI) boom extended their recovery from last week’s sharp sell-off, while lower oil prices eased pressure on investors.The S&P 500 rose 0.6%, moving back within 2% of the record high it touched a week ago. The Dow Jones Industrial Average gained 291…
