After four failed reform drives, a new plan aims to rescue India’s debt-laden power discoms through privatisation, accountability and long-term financial fixes. Kindly note the image has been published for representational purposes only. Photograph: Reuters For the electricity sector in
Air India Group expects to induct 26 wide-body and narrow-body planes, and operate 81 per cent of its international flights with upgraded aircraft by the end of 2026, while overall capacity will remain almost unchanged next year. “2026 will be
Benchmark stock indices Sensex and Nifty declined on Monday amid last-minute selling by cautious investors and lack of any major triggers. Photograph: Danish Siddiqui/Reuters Paring early gains, the 30-share BSE Sensex declined by 331.21 points or 0.39 per cent to
Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding with the National Institute of Urban Affairs (NIUA) to deepen cooperation across urban infrastructure and development initiatives. The non-binding MoU, signed on November 24, outlines collaboration on programme
The Indian stock market is swinging between gains and losses, keeping investors on tenterhooks. After hitting a 52-week high of 26,246.65 on Thursday, November 20, the market benchmark Nifty 50 has hit a downward spiral again, falling nearly 1% in
As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards. Illustration: Dominic Xavier/Rediff One can often find Neville Tata, 32, the new trustee of the Sir Dorabji Tata Trust and
India’s forex reserves jumped $5.54 billion to $692.57 billion during the week ended November 14 due to a steep increase in the value of gold reserves, the RBI said on Friday. Photograph: Lisa Marie David/Reuters The overall reserves had dropped
Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and a regular on the country’s richest billionaires tally, has decided to quit the UK as the Labour Party-led government’s feared tax shake-up for the super-rich nears, according to
Macroeconomic data, global market trends and trading activity of foreign investors will be the key drivers for dictating market sentiment this week, analysts said. Illustration: Dominic Xavier/Rediff “This week, volatility may increase ahead of the November derivatives expiry. Domestically, markets
Tata Power signed agreements for Bhutan’s ₹13,100-crore hydropower project, while Tata Chemicals announced major capacity expansions. Natco received FDA observations, HG Infra and RVNL emerged as L1 bidders for metro and railway projects. Lemon Tree added a new Bhopal property,
