File photo- Pralhad Joshi Union Minister for New and Renewable Energy, Pralhad Joshi, announced on Saturday that India’s solar photovoltaic (PV) module manufacturing capacity will grow from 80 gigawatts (GW) to 125 GW by 2030. The country’s solar cell manufacturing capacity is also expected to rise from 25 GW to 40 GW soon. The minister…
Global brokerage firm Goldman Sachs has reduced its price targets on Indian IT stocks by 3% to 32%, citing lower revenue growth forecasts driven by macroeconomic uncertainty in the US. According to an ET report, the brokerage noted that the US accounts for around 60% of India’s IT revenues, and the downgrade in GDP forecasts…
Last Updated:March 29, 2025, 16:36 IST Seniors can adopt smart strategies to reduce their health insurance costs without compromising coverage. Here are some effective ways to make medical insurance more affordable in old age. Compare plans to find the most affordable senior health insurance. Health insurance is crucial for everyone, especially senior citizens, as healthcare…
File photo – Piyush Goyal Commerce and Industry Minister Piyush Goyal announced on Saturday that a German chemical company will invest USD 1.5 billion in India, with a state already having identified land for the project. While the minister did not disclose the name of the company or the state involved, he mentioned that the…
New Delhi: The Centre’s fiscal deficit until February in this financial year touched 85.8% of the revised annual target, compared with 86.5% a year before, thanks to tight spending, particularly capital expenditure, showed official data released on Friday.The data bolsters chances of the government meeting its fiscal deficit target of 4.8% of gross domestic product…
New Delhi: Finance ministry on Friday left interest rates unchanged on various small savings schemes, including PPF and NSC, for the fifth straight quarter beginning April 1, 2025. As per the notification, deposits under Sukanya Samriddhi scheme will attract an interest rate of 8.2%, while the rate on a three-year term deposit remains at 7.1%…
A report by HSBC on Friday noted that Indian households’ total holding of gold is estimated at about 25,000 tonne, which is more than the combined gold reserves of top 10 central banks. The central banks include the US, Germany, Italy, France, Russia, China, Switzerland, India, Japan and Turkiye. Source link
Mumbai: The stock price of the BSE, the oldest stock exchange in Asia, rallied over 17% in intraday trade on the NSE on Friday after Sebi on Thursday night said it was proposing just one day of the week – either Tuesday or Thursday – for settlement of all equity F&O contracts. Investors feel this…
New Delhi: Tata’s Air India Group has started preparing for the long-haul low-cost challenge that rival IndiGo will increasingly mount from this year. AI Express, the Maharaja’s budget arm, has begun stitching partnerships with foreign low cost carriers (LCCs) that will allow Indian travellers to fly budget one-stop all the way to Australia, Far East…
Mumbai: Ahead of a likely rate cut by RBI, even as liquidity remains scarce, veteran banker Uday Kotak has raised concerns over the banking business model, highlighting the narrowing spread between deposit and lending rates.Kotak said top banks are raising one-year wholesale deposits at around 8%, which translates to a marginal deposit cost of over…
