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Maharashtra govt ramps up nuclear energy with MoUs worth Rs 6.5 lakh crore
Maharashtra has signed MoUs with four companies, including Adani Power and Reliance Industries, to attract Rs 6.5 lakh crore in nuclear energy investments. These projects aim to generate 25,400 MW of power and create 1,23,500 jobs, bolstering the state's clean energy initiatives and contributing to India's energy-rich nation goal.
Reliance, TCS, HDFC Bank witness biggest FPI selling since 2022; Eternal, Paytm, Polycab see foreign buying - Mint
Reliance, TCS, HDFC Bank witness biggest FPI selling since 2022; Eternal, Paytm, Polycab see foreign buyingMint
Green hydrogen to cut LPG dependence for cooking: PSA Ajay Sood
India is exploring green hydrogen as a cooking fuel to cut reliance on imported LPG. This initiative aims for energy stability and savings. The technology is in research and development, with startups showcasing its potential. Green hydrogen cooking produces a zero-emission flame. This could significantly boost India's energy security and self-reliance goals.
Bharat Forge to set up India’s first private-sector marine gas turbine facility in Visakhapatnam
Bharat Forge signs MoU with Andhra Pradesh at Defence Conclave in the presence of Defence Minister Rajnath Singh and CM Chandrababu Naidu, to set up India's first private marine gas turbine repair and development facility in Visakhapatnam, boosting naval self reliance.
Retail SIP boom boosts AMC outlook; Nippon, ICICI Pru lead pack: Siddhartha Khemka
India's asset management sector is transforming with systematic investing driving growth and stability, reducing reliance on volatile discretionary capital. SIP inflows have surged, now forming a significant portion of mutual fund assets, indicating a shift towards predictable, annuity-like revenue streams. This structural change positions the industry for sustained, retail-led expansion.
Reliance in talks with Chinese battery behemoth CATL & others for big battery system parts
Reliance Industries is in talks with China’s Contemporary Amperex Technology Co. Limited and other global suppliers to source components for battery energy storage systems as it pushes ahead with its clean energy plans.
MoF approves scheme for floating solar battery storage
India is set to boost renewable energy with a new ₹5,500 crore floating solar battery storage scheme. The finance ministry's expenditure finance committee has approved the plan. This initiative aims to encourage states to install floating solar panels. It will help reduce reliance on fossil fuel imports. The scheme will be sent to the cabinet for final approval soon.
Vascon Engineers wins ₹133 crore order from Reliance Industries for Jamnagar project
Shares of Vascon Engineers Ltd ended at ₹33.32, down by ₹1.75, or 4.99%, on the BSE.
Trade Setup for May 19: Nifty bulls hope Monday's 350 point recovery is not a 'trap'
What also needs to be monitored going into Tuesday's NSE weekly expiry is that for how long will the IT stocks keep piggy-backing on a weak rupee. It was IT that led the recovery on Monday before HDFC Bank, Reliance Industries and other heavyweights also stepped up to play their part.
Bharti Airtel claims No.2 spot: How it beat HDFC Bank to become India's second most valuable company
Bharti Airtel has overtaken HDFC Bank to become India’s second most valuable listed company. Airtel shares rose over 2%, taking its market capitalisation to around Rs 11.8 lakh crore, while HDFC Bank shares fell more than 2%, reducing its market cap to nearly Rs 11.7 lakh crore. Reliance Industries remains India’s most valuable company with a market capitalisation of about Rs 18 lakh crore.
NTPC chief cautions against dependence on single supplier for nuclear technology
India's ambitious 100 GW nuclear power plan requires careful supplier selection. NTPC Chairman Gurdeep Singh advises against over-reliance on any single country for nuclear technology. He stresses prioritizing domestic control, even if initial costs are higher. Clear rules and guidelines are essential for converting policy into investment.
Market cap of nine of top 10 valued firms erodes by ₹3.12 lakh crore
Nine of the top 10 Indian firms lost ₹3.12 lakh crore in value as Sensex and Nifty fell on oil, rupee and inflation worries, with Reliance hit most and Bharti Airtel the only gainer