NEW DELHI: Solar capacity additions in India will accelerate in the Financial Year (FY) 2026 and FY27, with 85-90 GW of new solar capacity expected to be added during these two years combined, according to a report by SBI Caps.The report adds that the additions of residential rooftop solar support the sector to drive the…
NEW DELHI: The government has lifted the export ban on broken rice to promote its shipments. The ban was imposed in September 2022. “Export policy of broken rice has been amended from prohibited to free with immediate effect,” the Directorate General of Foreign Trade has said in a notification. Exporters have earlier urged the government…
MUMBAI: Finance minister Nirmala Sitharaman on Friday called upon banks to embrace innovation and digital transformation, emphasising the need to adapt to changing customer expectations and technological advancements.At an event in State Bank of India (SBI), where she virtually inaugurated 70 new branches and 501 women customer service points across the country, she said: “With…
MUMBAI: On the heels of the income tax cut announced in the Union Budget, finance minister Nirmala Sitharaman on Saturday said a reduction in goods and services tax (GST) is in the offing, but remained tight-lipped on reduction in capital gains tax, citing resumption of the Parliament session next week.In a fireside chat at The…
Donald Trump’s tariff threats have added volatility to global stock markets, significantly impacting India. Key sectors like automobiles, pharmaceuticals, textiles, and steel are at risk. Despite challenges, India’s markets show resilience, and experts see current conditions as an investment opportunity. India’s diplomatic approach could mitigate risks, aiming to attract foreign investments and reduce tariffs on…
Gold silver rate (File photo) The prices of gold remained steady on Saturday at Rs 76,650 per 10 grams, marking a modest increase of 0.10% while silver hovered around Rs 97,260 per kilogram at 1:20 pm. On Friday, gold April futures contracts on MCX ended flat at Rs 85,820 per 10 grams, down by 0.07%,…
NEW DELHI: Sebi has issued a cautionary letter to Nestle India regarding an alleged breach of Insider Trading regulations by a high-ranking company official. According to a regulatory filing on Friday, Nestle India received an “administrative warning letter” from the Securities and Exchange Board of India (SEBI). The company has not revealed the identity of…
India Inc is striving to reimagine workplaces, championing inclusivity, diversity, and gender parity in a highly disruptive, tech-driven world to spark a pink edge.Companies are ramping up efforts to attract and retain women talent with targeted leadership programmes, cutting-edge AI upskilling, and enhanced flexibility that nurtures work-life balance. In this drive for a more equitable…
MUMBAI: The rupee finished the week on a strong note, closing at Rs 86.87 against US dollar, up 24 paise from the previous day’s Rs 87.11. This represented its best weekly performance in over two years, rising 0.7% week-on-week, as the dollar weakened against most major currencies. The greenback was on track for its worst…
Chennai: Samsung India employees union on Friday withdrew its protest against the company after the latter agreed to allow them to rejoin work, thus ending the slew of protests, demonstrations. The company in a notice, posted outside its facility at Sunguvarchatram, said it would allow them back to work starting Saturday. However, it did not…
