Against the US dollar, the rupee fell 7 paise to Rs 84.73 in early trading on December 9. Foreign money leaving the country and a decrease in activity in the Indian stock market are the reasons for the dip. The strong demand for dollars from importers and international banks is the reason why the Indian…
Compared to the Rs 50,000 crore it spent between 2021 and 2025, Tata Power plans to spend 2.5 times as much capital over the following five years. Praveer Sinha, the company’s MD and CEO, said, “we will incur a capital expenditure of Rs 1.25 lakh crore between 2026 and 2030.” The organization would incur an…
By fiscal year 2026-27, Waaree Energies hopes to have an integrated solar cell manufacturing facility with a capacity of 11.4 gigawatts (GW), according to Sonal Shrivastava, the company’s chief financial officer. With an approximate expenditure of Rs 2,400–2,500 crores, Waaree Energies will commission 5.4 GW of solar cell production capacity in the current fiscal year….
According to currency analysts, the rupee, which has been under pressure for the past several months, is predicted to weaken due to a strong dollar and slower-than-expected economic development. Given a stronger US economy and an underlying bullish tendency in the dollar, the USD INR is predicted to move higher. Over the next few months,…
After recording a roughly 14% increase in revenue last fiscal year, the automotive components sector is predicted to moderate its growth to 6–8% this fiscal year and the following, according to CRISIL Ratings research. It also mentioned that the declining demand for new cars, excluding two-wheelers, will be the reason. Moreover, because of the weak…
In the week ending November 22, India’s foreign exchange (forex) reserves fell to USD 656.582 billion for the eighth consecutive week, according to the Reserve Bank of India (RBI). The foreign exchange reserves are in a downward phase after reaching an all-time high of USD 704.89 billion in September. They fell by around USD 1.31…
fireworks for shares in the Cochin Shipyard! After the company inked a deal with the Ministry of Defence, its shares experienced a 5% increase in value, closing at Rs 1,656.15 per share. The deal is worth Rs 1,000 crore and will last for five months. The idea intends to dry dock a large Indian naval…
According to government statistics, foreign direct investment in India increased by 45% yearly to USD 29.79 billion from April to September of this fiscal year due to robust computer, telecom, pharmaceutical, and services inflows. From April to September of 2023–2024, FDI inflows totaled USD 20.5 billion. Compared with USD 9.52 billion in the same quarter…
When the Ministry of Finance suggested raising the foreign direct investment (FDI) cap in domestic insurance companies from 74% to 100%, stocks of insurance companies continued to rise. FinMin also recommended allowing insurers to handle all kinds of insurance. This move, if allowed, will enable insurers to offer health, life, and general insurance products under…
On Thursday, BEML declared that it has secured an order from Chennai Metro Rail valued at Rs 3658 crore. The scope of the contract is extensive and includes depot machinery and plant, standard gauge metro rolling stock (electrical multiple units), design, production, delivery, testing, commissioning, and employee training. “Following Regulation 30 read with Schedule III…
