People should cut use of power if they cannot afford high electricity tariff, Delhi Chief Minister Sheila Dikshit said on Sunday, a prescription that evoked criticism. Under attack for the hike in power tariff, Dikshit also sought to justify it, saying the increase in cost of power production has led to the rise in electricity rates.
Trump has a major decision to take in coming days -- specifically, how to rescue Israel from the attritional war that lies ahead, points out Ambassador M K Bhadrakumar.
India registered its protest at the board of IMF, which met on Friday to review the EFF lending programme for Pakistan.
"After July 1, when people receive their bills, they would compare it with the previous bills and explode when they notice that they have been duped," said senior Sena leader Subhash Desai. Alleging it was a sellout of the government to Reliance Energy, he said as per the norm, power supply companies are allowed a maximum 15 per cent profit but here a company has earned 35 per cent profit and no one is uttering a word.
India on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from surge in imports. The decision follows a recommendation for the same by the Commerce Ministry's investigation arm DGTR. Last month, the DGTR suggested to impose the duty.
Among Sensex shares, Mahindra & Mahindra, Bharti Airtel, Bajaj Finance, Zomato, Nestle, Bajaj Finserv, Maruti and Titan were the biggest gainers. Sun Pharma, Power Grid, Tata Consultancy Services, Tech Mahindra, Asian Paints and Tata Motors were among the laggards.
The feud reached its peak when Musk made explosive allegations about Trump's connection to disgraced financier Jeffrey Epstein, marking a dramatic escalation in their increasingly personal conflict.
Amid the outrage over the hike in power tariff, the Bharatiya Janata Party's Delhi unit on Saturday filed a police complaint against Chief Minister Sheila Dikshit and a number of senior bureaucrats, alleging their involvement in a "conspiracy" to benefit three private power distribution companies.
'If in our cities, all urban bus transport services are free, then the taxpayers are paying for it, or if electricity were to be made free, that's a huge cost to the rest of the people'
Bajaj Finserv, Tata Steel, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Bank and Tata Motors were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,486.41 crore on Tuesday, according to exchange data.
United States President-elect Donald Trump has invited Chinese President Xi Jinping to attend his January 20 inauguration, CBS News reported citing sources.
'My advice: Don't mark your portfolio to market every day. Focus on survival.'
President Trump with his MAWA has unwittingly provided us this opportunity. Will PM Modi grasp this and leave a legacy of an ushered in scientific and technological revolution in India, asks Colonel Anil A Athale (retd).
Currently, TPC's own power costs an average Rs 4.50 per unit, while electricity from outside costs between Rs 7 and Rs 12.
Pakistan has warned the international community that any military moves by India shall be 'responded to assuredly and decisively... onus of any escalatory spiral and its consequences shall squarely lie with India.' Implicit in the statement is a veiled threat that even a nuclear threshold may be reached if push comes to shove, warns Ambassador M K Bhadrakumar.
We no longer have the ambition to rival China save through words. We are happy to be fighting ourselves and digging up disputes from centuries ago as a substitute for real development, argues Aakar Patel.
Congress president Mallikarjun Kharge addressed top party leaders, emphasizing accountability for future election results and warning against turncoats. He urged them to work at the grassroots level, strengthen the organization, and promote ideologically committed individuals. Kharge hinted at further changes within the organization, following recent revamps. He criticized the BJP's win in Delhi and the government's handling of US deportations and tariffs, calling them insults to India.
Chinese Ambassador to Pakistan Jiang Zaidong urged that the government should launch a crackdown against all anti-China terrorist groups after two deadly attacks took place in Pakistan within only six months, The Express Tribune reported.
Despite their promised and announced reduction in power prices, the Arvind Kejriwal-led Delhi government may want keep the issue on the burner for sometime longer, since none of the concerned players are ready to give an inch, and seem raring for a fight, says Upasna Pandey
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.
Prime Minister Narendra Modi congratulated Donald Trump on his historic inauguration as the 47th US president and said he looks forward to working closely together once again, to benefit both the countries as well as to shape a better future for the world.
Global fund managers witnessed one of their largest-ever declines in assets under custody (AUC) during the ongoing correction in the Indian markets, as stocks came under pressure from foreign outflows and the weakening rupee.
618 companies were part of the billion dollar club when the markets reached all-time highs on September 26, 2024. That number has fallen to 500 following a $1 trillion wipeout in India's market capitalisation amid relentless selling by FPIs.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
Finance Minister Nirmala Sitharaman on Saturday announced the removal of import duties on 12 critical minerals, lithium-ion batteries scrap, cobalt products, LED, zinc and 36 drugs for cancer and rare diseases.
'Granting the country's highest civilian honour to Prime Minister Modi was surprising as it indicated the government was going out of its way to have India as a close partner.'
The Budget should undertake further reductions in import tariffs and seriously consider an announcement of India's intention to join one or both of the two Asian mega-regional free trade agreements, suggests Shankar Acharya, former chief economic adviser to the Government of India.
'Unsurprisingly, Trump shared Modi's podcast with Fridman on his Truth account.' 'The intentions of Trump, a transactional president, are never easy to tell.' 'We will know in the next fortnight if and when he unfolds reciprocal tariffs on Indian goods, whether Modi's flattering words made any significant difference to Trump's compass,' notes Ambassador M K Bhadrakumar.
DeepSeek is a case in point on how economic interdependence between nations are utilised for geopolitical ambitions and global domination efforts, observes China expert Srikanth Kondapalli.
The Central Electricity Regulatory Commission (CERC) has said the first 660-Mw unit of Reliance Power's 3,960-Mw Sasan ultra mega power project (UMPP) could not achieve its "full load" in March 2013 and rejected the company's plea to appoint an independent technical committee to look into the readiness of that unit.
'By his words, actions, and body language during their joint press appearance wanted to convey his personal respect and, more broadly, his desire to work closely with India.'
The Aam Aadmi Party will deliver over 6.38 lakh letters it collected from Delhiites to Chief Minister Sheila Dikshit on Monday, urging her to cut power tariff. AAP leader Arvind Kejriwal has been on a fast for nine days to oppose the "inflated" power and water bills of the Delhi government.
From the 30-share blue-chip pack, Bharti Airtel, Power Grid, Bajaj Finance, Nestle, Mahindra & Mahindra, Reliance Industries, Asian Paints, IndusInd Bank, Hindustan Unilever and HDFC Bank were the biggest gainers. Bajaj Finance climbed nearly 2 per cent after the company reported an 18 per cent increase in its consolidated net profit to Rs 4,308 crore for the December quarter.
The US is currently Earth's most powerful country and a certain latitude of understanding -- a world view -- is popularly expected from its leadership. From a country identified with freedom, constitution, debate, democracy and the likes of Abraham Lincoln even as it had the most powerful military around, the US, following Trump's actions, seemed repositioned as militarily powerful with other qualities secondary, observes Shyam G Menon.
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.
Lt Governor Najeeb Jung, who is now administering Delhi after President's rule was imposed, on Tuesday made it clear that none of the decisions and initiatives taken by the Aam Aadmi Party government will be scrapped, including the 50 per cent subsidy on power tariff.
'They want to keep the pot boiling all the time.' 'The BJP wants to set a political narrative that the Gandhis are doing wrong things.'
According to an official in the state power department, the government has given nod to the West Bengal State Electricity Distribution Company to approach the West Bengal Electricity Regulatory Commission for a further tariff hike and a proposal has been moved in this regard
