Adani Power acquires VIPL Adani Power Ltd (APL), India’s largest private thermal power producer, has completed the acquisition of Vidarbha Industries Power Ltd. (VIPL) for Rs 4,000 crore, further cementing its dominance in the base-load power generation sector. The resolution plan was approved by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 18…
This is an AI-generated image, used for representational purposes only. China has significantly expanded its visa-free entry policy, allowing citizens from 74 countries to visit for up to 30 days without a visa. The move, aimed at reviving inbound tourism and stimulating the economy, has led to a sharp rise in foreign arrivals. Since late…
Market analysts anticipate range-bound trading in the immediate future. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Tuesday following uncertainties around trade deals and Donald Trump’s reciprocal tariffs. While Nifty50 was near 25,450, BSE Sensex was down around 50 points. At 9:17 AM, Nifty50 was…
MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday assured investors there were not many other risks in the market like the one seen recently in the event of market manipulation by US-based quant fund Jane Street. The Sebi chief also said that the Jane Street issue was more of a surveillance issue and that the…
NEW DELHI: US President Donald Trump on Tuesday said that the States was “close to making a deal with India” after he announced new tariffs for 14 nations, including Thailand, Myanmar, Bangladesh, South Korea, and Japan, set to take effect on August 1.“We’ve spoken to everybody. …it’s all done. I told you we’ll make some…
MUMBAI: Retail investors in India lost nearly Rs 1.06 lakh crore in the equity futures & options (F&O) segment during fiscal 2025 (FY25), a staggering 41% jump from Rs 74,812 crore in FY24 (after accounting for transaction costs). While all the three quarters of FY25 showed rising losses (both at the net and at an…
CHENNAI: Electric vehicle penetration in three wheeler retails hit 60.2% in June 2025, up from 55.5% in the year-ago month. According to the latest auto retail data from the Federation of Indian Automobile Manufacturers, EV penetration in two wheeler retails hit 7.3% in June, up from just under 6% in the year ago period. EV…
BENGALURU: India’s French connection is growing stronger. French IT services firm Capgemini, which has more than half of its 3.4 lakh employees in India, is acquiring one of the country’s business process management (BPM) pioneers, WNS, for $3.3 billion. The move is seen as an attempt to bring strong technology expertise, especially AI, into BPM…
M Nagaraju, secretary of department of financial services NEW DELHI: Fintech companies should go beyond urban markets and play a role in driving financial inclusion across the country by developing offline payment systems, voice-authorised tools, improving connectivity as well as cross-border payment capabilities, enhancing cybersecurity and integrating AI and better app safety for user convenience,…
The frenzy in India’s equity derivatives markets has continued to punish small investors, with 91% of individual traders losing money during the financial year 2024–25, according to a new Sebi report released on Monday.This high failure rate comes despite regulatory efforts to rein in speculative activity. Sebi’s own data shows that October 2024’s reforms, aimed…
