To tackle increasing demand, the Union ministry of power has urged central and state public-sector power-generating companies (gencos) and state power and energy departments to pick projects that are undergoing insolvency proceedings. The power ministry is looking at a quicker turnaround of these stressed power plants and enhancing power supply. Increasing demand is pushing states to scout for more power […]

Stocks have moved mostly higher during trading on Friday, extending the upward move seen over the past several sessions. The tech-heavy Nasdaq is advancing for the sixth consecutive session, while the Dow and the S&P 500 are climbing for the fifth straight day. Currently, the major averages are off their highs of the session but still firmly positive. The Nasdaq […]

The operational performance of Tata Steel in Q2FY24 can be interpreted in several ways. There was an acceptable domestic performance in India but there continues to be concerns about the Europe business and that overshadows the local performance. The consolidated revenues for the Q2FY24 stood at Rs 55,682 crore with an operating profit of Rs 4,315 crore and an operating […]

Bootstrapping has put Nithin Kamath of Zerodha in a position where he can trifle with talk about valuation, points out Suveen Sinha. Of the numerous things at which your columnist has failed, an ill-fated stab at a digital news media startup still gnaws at the edges of the mind. This was about eight years ago, well before ‘funding winter’ had […]

The Internal Revenue Service has opened registration for car dealers to register for the IRS Energy Credits Online portal. This is a key step in implementing a provision of the Inflation Reduction Act that will lower costs for consumers and help car dealers grow their businesses by increasing access to tax credits at point of sale for new and previously […]

European stocks are likely to open higher on Thursday as focus shifts to the Bank of England’s policy meeting later in the day and Friday’s U.S. employment report. The Bank of England is likely to keep its interest rate on hold for a second consecutive meeting as data continues to show moderating price pressures and weakening economic activity. Across the […]

The Pentagon has announced that an additional 300 U.S. troops will deploy to the U.S. Central Command area of operations as war rages in the Middle East. Pentagon Press Secretary Brig. Gen. Pat Ryder said at a news conference that these troops will provide capabilities in explosive ordnance disposal, communications and other support functions for forces already in the region. […]

The Conference Board released a report on Tuesday showing a moderate deterioration in U.S. consumer confidence in the month of October. The report said the consumer confidence index slipped to 102.6 in October from an upwardly revised 104.3 in September. Economists had expected the consumer confidence to decrease to 100.0 from the 103.0 originally reported for the previous month. “Write-in […]

Nurse Assist, LLC is recalling 0.9% sodium chloride irrigation USP and sterile water for irrigation USP citing the potential for a lack of sterility assurance, the U.S. Food and Drug Administration said. The product could be nonsterile, and there is a possibility that the use of the affected product could potentially result in severe or life-threatening adverse events in populations […]

Asian stocks ended Tuesday’s session on a mixed note, as Chinese data disappointed and investors awaited cues from the upcoming Federal Reserve meeting. The Japanese yen languished near a one-year low against the dollar after the Bank of Japan allowed more flexibility in the conduct of yield curve control. Gold eased and traded below the $2,000 per ounce level ahead […]