Category: Business
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NSE files DRHP for $2-3 billion IPO; Tiger Global, SBI among major sellers
The National Stock Exchange has formally restarted its long-delayed journey to the stock market, filing draft papers with Sebi for an estimated $2-3 billion initial public offering nearly nine years after its first listing attempt was derailed by the co-location controversy, according to an ET report.The draft red herring prospectus (DRHP) proposes an offer for…
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Critical Minerals: ‘Harmonised, interoperable mechanisms’: G7 takes on China’s critical minerals dominance, sets 2030 target to cut dependence
G7 leaders on Wednesday agreed to strengthen cooperation to reduce their dependence on China for critical minerals, unveiling plans to coordinate stockpiling, boost recycling and create a new platform with an expanded role for the International Energy Agency (IEA).The move comes as Western nations seek to secure supplies of minerals crucial for defence, artificial intelligence,…
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India-UK FTA clears steel hurdle; 85% of Indian exports shielded from British curbs
India has secured protection for a majority of its steel exports to the UK under the India-UK free trade agreement, with 85% of outbound shipments remaining outside Britain’s upcoming steel safeguard measures, according to an official statement issued on Wednesday, PTI reported.The announcement comes as India and the UK prepare to operationalise their Comprehensive Economic…
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PNGRB asks oil, gas firms to strengthen compensation for accident victims
New Delhi: Petroleum and Natural Gas Regulatory Board (PNGRB) has urged oil and gas companies to review and strengthen their compensation policies beyond statutory requirements to ensure adequate support for families of workers killed or permanently disabled in accidents.While several companies have already enhanced their voluntary compensation packages following its interventions and continued follow-up, the…
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India’s power generation capacity crosses 530 GW, set to touch 600 GW next year
The country’s installed power generation capacity has crossed 530 GW and is expected to reach nearly 600 GW next year, driven by rapid additions in renewable energy, thermal power and battery storage, a senior Power Ministry official said on Wednesday.Aadhar Raj, Joint Secretary in the Ministry of Power, said the country’s electricity sector continues to…
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Middle East Conflict Airline Profits: Middle East conflict to cut airline profits 10-15% this fiscal as ATF costs, rupee pressure bite: Report
Operating profits of Indian airlines are expected to decline 10-15 per cent this fiscal year as elevated aviation turbine fuel (ATF) prices, airspace restrictions and rupee depreciation caused by the Middle East conflict weigh on the sector, a Crisil report said on Wednesday.The rating agency estimated that the combined operating profit of domestic airlines could…
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‘We are very close to deal’: Trump signals progress on India-US trade agreement
US President Donald Trump on Wednesday signalled progress in ongoing trade negotiations with India, saying the two sides were close to finalising an agreement.“We are very close to the deal,” Trump told reporters when asked about the proposed India-US trade pact on the sidelines of the G7 Summit.The remarks come amid intensified negotiations between New…
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US stock market today: Wall Street holds steady ahead of Fed rate decision, oil stays below $80 on Iran deal hopes
US stocks traded in a narrow range on Wednesday as investors awaited the Federal Reserve’s policy decision, while easing oil prices and optimism over a potential US-Iran peace agreement helped support sentiment.The S&P 500 edged up 0.1% in early trade, while the Dow Jones Industrial Average was largely unchanged. The Nasdaq Composite rose 0.5%, aided…
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Exports hit record $863 billion in FY26 despite US tariffs & Middle East crisis: Official
Exports hit record $863 billion in FY26 despite US tariffs & Middle East crisis India’s exports touched an all-time high of $863 billion in 2025-26 despite disruptions from the West Asia conflict and US tariff measures, underscoring the resilience of the country’s export ecosystem, a senior Commerce Ministry official said on Wednesday.“This has been a…
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Stock market today: What are top gainers and losers in BSE Sensex and Nifty50 today? Check list
Benchmark equity indices Sensex and Nifty closed higher for a fourth consecutive session on Wednesday as softer crude oil prices following the US-Iran peace deal boosted investor sentiment despite continued foreign fund outflows.The BSE Sensex rose 347.14 points, or 0.45%, to close at 77,155.62. During the session, it climbed as much as 410.51 points, or…
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