‘Happy to localise’: Chinese giant mulls India battery plant; Envision plans $34 million output amid soaring storage needs

China’s Envision Group is exploring the possibility of setting up a battery manufacturing plant in India, looking to tap into the country’s rapid push to modernise its grid and integrate more renewable energy.According to Bloomberg, Suman Nag, Envision’s global head for contracts, said the company is evaluating a 5 GWh-a-year, $34 million facility, which would…

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Asian stocks today: Markets struggle to build on week’s rally; Wall Street stays shut for Thanksgiving holiday

Asian markets traded in a narrow range on Friday, wrapping up a strong week for global equities amid growing expectations that the US Federal Reserve will cut interest rates again next month. South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng index were trading lower, while China’s Shanghai Composite edged into positive territory….

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Economy enters H2 on stable footing: Finance ministry

NEW DELHI: The economy enters the second half of FY26 on a stable footing, anchored by well-contained inflation, resilient domestic demand and supportive policy dynamics, even as global uncertainties warrant continued vigilance, a finance ministry report said on Thursday.The monthly report for Oct also cautioned that global uncertainties – including shifting trade policies, geopolitical frictions,…

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Sebi cancels registration of 68 advisers

NEW DELHI: Capital markets regulator Sebi on Thursday cancelled the registration of 68 investment advisers for failing to pay renewal fees.The list of cancelled entities includes Truenorth Labs, Equity Mantra, Saurabh Mundra, Sheetal Agrawal, Ateet Hemant Wagh, Getbasis Securities and Technologies India, Lucid Technologies, and Avenue Venture Partners Investment Adviser LLP, among others. According to…

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Sensex hits 86k, new high in over a year

MUMBAI: A rally on Wall Street, rate cut hopes in the US and in India, and strong buying momentum by domestic funds all pushed the sensex above the 86k mark for the first time on Thursday morning. However, profit-taking at higher levels brought the index down from the intraday peak of 86,056 points to close…

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PM flags off Skyroot’s Infinity campus in Hyderabad, unveils India’s 1st private commercial rocket Vikram-1

HYDERABAD: Prime Minister Narendra Modi virtually inaugurated Hyderabad-based spacetech startup Skyroot Aerospace’s Infinity campus on Thursday. He also unveiled India’s first commercial orbital rocket, Vikram-I, which will ferry satellites into low Earth orbit (LEO). The Infinity facility, spread over 2 lakh sq ft in Hyderabad, will have the capability to design, develop, integrate, and test…

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