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New Delhi: Large central public sector enterprises (CPSEs) and four major government entities increased capital expenditure sharply in March amid the West Asia war, which drove up their 2025-26 spending beyond the target. Capital spending by these CPSEs and Railway Board, National Highways Authority of India (NHAI), Delhi Metro Rail Corporation and Damodar Valley Corporation jumped 62% year-on-year to ₹1.10 lakh crore in March, showed the latest Department of Public Enterprises data. The surge ...Read More >
Distribution utilities, or discoms, are also paying their current dues in time to avoid regulation under the rules. Outstanding legacy dues of power distribution utilities or discoms reduced to Rs 3,300 crore in March this year from Rs 1.39 trillion in June 2022, Parliament was informed on Thursday. Government of India notified the Electricity (Late Payment Surcharge and Related Matters) Rules on June 3, 2022. As per the rules, all dues owed to generating companies (IPPs, CPSEs, and Renewable ...Read More >
Hyderabad/New Delhi: Vamsi Rama Mohan Burra has assumed charge as Chairman and Managing Director of Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSU under the Ministry of Power. He previously served as Director (Projects) in the organisation. An engineering graduate with advanced qualifications in project management and management studies, he has also undergone leadership programmes at Indian School of Business and MDI, Gurugram. A member of POWERGRID's first batch of execu ...Read More >
Mumbai, April 2: Staging a spirited recovery, stock markets pared early losses to close higher on Thursday, with the benchmark Sensex rising by 185 points and the broader Nifty settling above 22,700 on strong value buying in IT and banking shares and a sharp rebound in the rupee. Rebounding more than 2,000 points from the day's low, the 30-share BSE Sensex finally settled higher by 185.23 points, or 0.25 per cent, at 73,319.55. The index opened lower and tanked further by 1,588 points to hit a ...Read More >
HYDERABAD: Vamsi Rama Mohan Burra has taken charge as chairman and managing director of the Power Grid Corporation of India Limited, a maharatna under the Union power ministry. He was previously director (projects). Burra, with over 33 years of experience in power transmission and telecom, will serve as CMD until July 31, 2030, the date of his superannuation, or until further orders. Burra was born and brought up in Hyderabad and his early education here, his father having served in the BHEL. B ...Read More >
Mumbai, Apr 2 (PTI) Staging a spirited recovery, stock markets pared early losses to close higher on Thursday, with the benchmark Sensex rising by 185 points and the broader Nifty settling above 22,700 on strong value buying in IT and banking shares and a sharp rebound in the rupee. Rebounding more than 2,000 points from the day's low, the 30-share BSE Sensex finally settled higher by 185.23 points, or 0.25 per cent, at 73,319.55. The index opened lower and tanked further by 1,588 points to hit ...Read More >
Mumbai: Stock markets bounced back strongly on Thursday after a sharp fall in early trade, helped by buying in IT stocks at lower levels. Both benchmark indices, Sensex and Nifty, recovered all their losses and turned positive during mid-session trade. Sharp Fall In Early Trade The 30-share BSE Sensex dropped heavily in the morning, falling 1,588.51 points to an intraday low of 71,545.81. At the same time, the NSE Nifty also declined sharply by 496.85 points, touching a low of 22,182.55. The f ...Read More >
Mumbai (PTI): Equity benchmark indices Sensex and Nifty declined 2 per cent in early trade on Thursday amid rising geopolitical tensions following US President Donald Trump's warning of intensified military actions against Iran, driving crude oil prices higher. Unabated foreign fund outflows also added to the weakness in domestic equities. The 30-share BSE Sensex plummeted by 1,433.72 points, or 1.96 per cent, to 71,700.60. The 50-share NSE Nifty dived 445.70 points, or 1.97 per cent, to 22,23 ...Read More >
The Power Grid Corporation of India has appointed Burra Vamsi Rama Mohan as the new Chairman and Managing Director, effective April 1. With an extensive background in power transmission and telecom, Vamsi's term will last until 2030, reflecting his robust expertise and commitment to leading the corporation. The Power Grid Corporation of India has announced the appointment of Burra Vamsi Rama Mohan as the new Chairman and Managing Director (CMD), starting April 1. This decision was greenlit duri ...Read More >
Indian stock market update: Indian stock markets closed sharply lower on Monday, marking a weak end to the financial year 2025-26. The decline came as rising tensions in West Asia and a surge in crude oil prices dampened investor sentiment. The 30-share BSE Sensex dropped 1,635.67 points, or 2.22 per cent, to settle at 71,947.55. During the day, it had fallen over 1,800 points. The broader NSE Nifty also slipped 488.20 points, or 2.14 per cent, to close at 22,331.40. Most of the heavy selling w ...Read More >
New Delhi, March 12 (UNI) The Indian stock market on Thursday extended its losses for the second consecutive session amid escalating geopolitical tensions. At the close, the Sensex was down 829.29 points, or 1.08 per cent, at 76,034.42, while the Nifty fell 227.70 points, or 0.95 per cent, to 23,639.15. The Nifty Midcap and Smallcap indices declined by 0.4 per cent and 0.7 per cent, respectively. The overall market capitalisation of BSE-listed firms dropped to nearly Rs 436 lakh crore from ar ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, NTPC, ITC, Asia ...Read More >
Mumbai, Feb 16 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, ...Read More >
Mumbai: Indian stock markets recovered strongly on Monday after two days of losses. A sharp rise in banking stocks helped lift investor mood in the second half of the session. The 30-share Sensex rose 650.39 points, or 0.79 percent, to close at 83,277.15. The broader Nifty gained 211.65 points, or 0.83 percent, ending at 25,682.75. The rally came mainly in the final hours of trading. Banking Stocks Lead the Rally Buying in banking and financial stocks pushed the market higher. Among the top ...Read More >
MUMBAI: The key domestic equity indices closed flat on Thursday, erasing early gains amid profit booking in IT and auto heavyweights, ahead of Bihar election results. Sensex ended the session at 84,478.67, up 12.16 points or 0.01 per cent. Continuing the previous day's rally, the 30-share index started trading higher at 84,525.89 against last session's closing of 84,466.51. However, the index traded volatile during the session and closed flat amid profit booking post the last three days ' rally ...Read More >
Mumbai, Sep 26 (SocialNews.XYZ) The Indian equity market ended the week on a negative note on Friday amid weak global cues and fresh US tariffs on certain pharmaceuticals imports. Nifty Pharma fell 470 points or 2.14 per cent. Sensex ended the session at 80,426.46, down 733.22 points or 0.90 per cent. The 30-share index started the session a bit lower at 80,956.01 against last session's closing of 81,159.68. The index further extended the loss amid overall selling to hit an intraday low of 80,3 ...Read More >
Mumbai, Sep 24 (SocialNews.XYZ) The Indian equity indices ended the session in negative territory on Wednesday, continuing the losing streak this week amid persistent selling in IT stocks and profit booking in the auto, banking and financial services sectors. Sensex ended the session at 81,715.63, down 386.47 points or 0.47 per cent. The 30-share index opened slightly lower at 81,917.56 against the last session's closing of 82,102.10. The index slipped further amid selling across major sectors ...Read More >
MUMBAI: The Indian equity indices ended the session in negative territory on Wednesday, continuing the losing streak this week amid persistent selling in IT stocks and profit booking in the auto, banking and financial services sectors. Sensex ended the session at 81, 715.63, down 386.47 points or 0.47 per cent. The 30-share index opened slightly lower at 81, 917.56 against the last session's closing of 82, 102.10. The index slipped further amid selling across major sectors to hit an intra-day l ...Read More >
MUMBAI: The domestic equity indices settled flat on Tuesday amid persistent selling in IT stocks amid buying in the auto and financial services sectors. Sensex ended the session at 82, 102.10, down 57.87 points or 0.07 per cent. The 30-share index started the session flat at 82, 147.37 against last session's closing of 82, 159.97. The index remained range-bound amid selling in IT and FMCG stocks. Nifty closed at 25, 169.50, down 32.85 points or 0.13 per cent. "The markets experienced signific ...Read More >
Mumbai, Sep 23 (SocialNews.XYZ) The domestic equity indices settled flat on Tuesday amid persistent selling in IT stocks amid buying in the auto and financial services sectors. Sensex ended the session at 82,102.10, down 57.87 points or 0.07 per cent. The 30-share index started the session flat at 82,147.37 against last session's closing of 82,159.97. The index remained range-bound amid selling in IT and FMCG stocks. Nifty closed at 25,169.50, down 32.85 points or 0.13 per cent. "The markets ...Read More >
MUMBAI: The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of India-US trade talks and Fed rate cut expectations. Sensex closed at 82, 380.69, up 594.95 points or 0.73 per cent. The 30-share index started the session slightly up at 81, 852.11 against last session's closing of 81, 785.74. The index extended the momentum further following value buying across the segments, excluding FMCG, amid positive global cues. It touched an intraday high at 82, 443.48. N ...Read More >
Mumbai, Sep 16 (SocialNews.XYZ) The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of India-US trade talks and Fed rate cut expectations. Sensex closed at 82,380.69, up 594.95 points or 0.73 per cent. The 30-share index started the session slightly up at 81,852.11 against last session's closing of 81,785.74. The index extended the momentum further following value buying across the segments, excluding FMCG, amid positive global cues. It touched an intraday h ...Read More >
Domestic equities marked a second consecutive week of gains, propelled by a surge in IT stocks following positive remarks from Donald Trump on India and Infosys' share buyback announcement. The NSE Nifty closed above 25,000, fueling optimism for further gains, while the Volatility Index declined, signaling reduced market risk. Domestic equities posted gains for a second week, led by upsides in beaten-down information technology (IT) shares following Donald Trump's conciliatory remarks on India ...Read More >
Mumbai, September 8: The Indian equity indices ended the session slightly up on Monday, amid buying in auto and metal stocks. The domestic indices soared high in the early trade, boosted by the GST reforms announcement, optimism around the ease in India-US relationship, and the rate cut announced by major Indian automakers. However, the indices lost most of their gains in the last trading hours due to a sell-off in IT heavyweights and profit booking. Sensex closed at 80,787.30, up 76.54 points ...Read More >
The DPE reiterated its commitment to support CPSEs in leveraging Industry 4.0 for operational excellence and sustainable development.Source : Freepik Industry 4.0 is being considered for future incorporation into the Central Public Sector Enterprise (CPSE) MoU assessment framework, and that early adoption will be key to enhancing global competitiveness, the government has said. In a strategic step towards fostering innovation and smart manufacturing, the Department of Public Enterprises (DPE), ...Read More >
New Delhi [India], July 19 (ANI): In a strategic step towards fostering innovation and smart manufacturing, the Department of Public Enterprises (DPE), Ministry of Finance, organised a Workshop on Industry 4.0 in New Delhi. The workshop, organised on Friday, aimed to discuss strategies for the adoption and scaling up of Industry 4.0 technologies across various sectors, including Energy, Power, Construction, Infrastructure, Telecom, and Services. The day-long workshop brought together experts, ...Read More >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. Th ...Read More >
Mumbai: The Indian benchmark indices opened higher on Tuesday amid positive global cues, as buying was seen in the auto and IT sectors in the early trade. At around 9.26 am, Sensex was trading 188.66 points or 0.23 per cent up at 83,795.12 while the Nifty added 54.80 points or 0.21 per cent at 25,571.85 According to analysts, with the US market setting new record highs, the global equity market mood is positive and West Asian geopolitics is no longer a threat to global economy. "Going forward, ...Read More >
Gurugram : The IL JIN Electronics India Pvt Ltd, a subsidiary of Amber Group, has entered into a definitive agreement for taking majority stake in Bengaluru based Power-One Micro Systems Pvt. Ltd Incorporated in 1998, and headquartered in Bengaluru, Karnataka, originally established as an UPS manufacturer, Power-One has evolved into a leading solar inverter company, delivering wide spectrum of products such as on-grid, off-grid, and hybrid solar inverters (1kW to 250kW), UPS systems, solar powe ...Read More >
New Delhi [India], June 7 (ANI): Delhi police have lodged an FIR against anti-social elements involved in spreading misinformation about the demolition drive on the basis of a complaint filed by the Delhi Urban Shelter Improvement Board (DUSIB), a release said. Chief Minister Rekha Gupta had earlier issued an order to take strict legal action against those spreading misinformation about the demolition drive. Also Read | Indus Waters Treaty Suspension: Desperate Pakistan Wrote 4 Letters to Indi ...Read More >
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