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<ul><li><keyword id="45179" type="General" weightage="20" keywordseo="NTPC" source="Orion">NTPC</keyword> is recruiting 40 engineering graduates for a training of at least one year across various locations in <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword>.</li><li>The last date to apply for the opportunity is March 10.</li><li>Candidates can expect their monthly salary between ₹40,000 to ₹1,40,000.</li></ul>National Thermal Power Corporation Limited (NTPC) is inviting applications to fill up 40 engineering executive positions for at least one year across different locations in India. The online application window will close on March 10. Selected candidates can expect their pay scale to range between ₹40,000 to ₹1,40,000, with other benefits such as dearness allowance, and other perquisite allowances, terminal benefits etc., as per the official notification by NTPC. Selected candidates will be posted for projects/stations/sites and will be required to work in shifts including night shifts. These are the vacancies — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Posts </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Computer Science(CS)/Information Technology (IT) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mining </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">25 </td></tr></tbody></table> Eligibility criteria for both the positions — <ol><li>Candidates must have appeared for Graduate Aptitude Test in Engineering (GATE) in 2021, the selection will be done on the basis of the performance in this test. Note: Candidates applying for CS/IT post must have appeared for GATE 2021 CS exam and those applying for Mining must have appeared for GATE 2021 MN exam. </li><li>Educational qualification for CS/IT — Candidates must hold a full time engineering degree in computer science or information technology disciplines from any Indian university/institute recognised by AICTE. </li><li>Educational qualification for Mining — Candidates must hold a full time engineering degree in mining discipline. </li></ol>Candidates will also have to pay a non-refundable application fee of ₹300, while filling out the application form. The application fee can be paid online or offline (only via State Bank of India). SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/90-percent-of-companies-in-india-are-planning-to-give-bonuses-this-year/slidelist/89944871.cms">90 percent of companies in India are planning to give bonuses this year</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/top-10-richest-persons-in-russia-as-per-bloomberg-index/slidelist/89962161.cms">Mukesh Ambani's net worth is equal to Russia's four richest billionaires combined</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/how-buy-and-sell-tesla-apple-netflix-amazon-and-four-other-us-stocks-in-india-via-nse-ifsc/articleshow/89964098.cms">Buy and sell Tesla, Apple, Netflix, Amazon and four other US stocks in India via NSE IFSC – here’s how</a>

NTPC is hiring engineering trainees with a minimum salary of ₹40,000 per month

<ul><li><keyword id="45179" type="General" weightage="100" keywordseo="ntpc" source="Orion">NTPC</keyword> is recruiting 60 executive trainees in various departments across the country.</li><li>Candidates can expect a monthly salary to range between ₹40,000 to ₹1,40,000.</li><li>The selected candidates will undergo a training period of one year at various places.</li></ul>National Thermal Power Corporation (NTPC) is looking forward to fueling its growth plans by hiring 60 executive trainees (ET) in various departments across the country. The online application window opened on March 7 and will close on March 21. Candidates can expect a monthly salary to range between ₹40,000 to ₹1,40,000 with other benefits such as dearness allowances, terminal benefits, and many more. The selected candidates will undergo a training period of one year at various places. The final posting will be decided after the competition of training across the country. These are the vacancies in NTPC — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Post </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ET Finance (CA/CMA) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ET Finance (MBA-Finance) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ET Human Resources (HR) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> <cmsannotation type="cmsannotation" annotationid="Eligibility criteria for the roles —" comment="subhead" text="Eligibility criteria for the roles —">Eligibility criteria for the roles —</cmsannotation> <ol><li>For ET Finance (CA/CMA) — Chartered Accountant (CA)/certified management accountant (CMA) qualified from a recognised institute.</li><li>For ET Finance (MBA-Finance) — Candidates must have completed graduation/post-graduation/diploma of at least two years in management with specialisation in finance or must have completed masters in business administration (MBA) from recognised institute/university with at least 65% marks.</li><li>ET (HR) — Candidates must have completed graduation/post-graduation/diploma in management with specialisation in human resources/industrial relations/personal management or MBA with specialisation in HR from recognised institute/university with at least 65% marks.</li><li>The maximum age of the candidates should be 29 years.</li></ol><cmsannotation type="cmsannotation" annotationid="Selection Process —" comment="subhead" text="Selection Process —">Selection Process —</cmsannotation> Candidates will have to appear for an all <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> based online selection test, which will contain two parts — subject knowledge test and executive aptitude test. Candidates who clear both the tests will be further called for a personal interview round. Candidates will also be required to pay an online application/registration fee of ₹300, while filling out the online application form. Interested candidates can seek more information <a href="https://careers.ntpc.co.in/main/folders/Archives/advt/07_22_Large_Advt..pdf">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/india-vs-sri-lanka-second-test-the-lankans-must-be-praying-for-their-first-ever-test-win-in-indian-soil/slidelist/90147734.cms">India vs Sri Lanka second test: The Lankans must be praying for their first-ever test win in Indian soil</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/dubai-adopts-crypto-law-as-it-looks-to-become-a-hub-for-web-3-0/articleshow/90146919.cms">Dubai adopts crypto law as it looks to become a hub for web 3.0</a>

NTPC is hiring 60 executive trainees with a maximum monthly salary of ₹1,40,000

<ul><li><keyword id="45179" type="General" weightage="20" keywordseo="ntpc" source="Orion">NTPC</keyword> is hiring 15 experienced mechanical and civil engineers with a salary of ₹60,000 per month.</li><li>The last date to apply for the opportunity is November 30, 2021.</li><li>Candidates will have to pay a registration fee of ₹300 while filling out the application form.</li></ul><keyword id="76758" type="General" weightage="20" keywordseo="national-thermal-power-corporation" source="Orion">National Thermal Power Corporation</keyword> (NTPC) is inviting applications from 15 experienced Mechanical and Civil engineers for its project in Uttarakhand with a fixed consolidated salary of ₹60,000 per month plus house rent allowance or company accommodation and medical facilities. The last date to apply for the opportunity is November 30, 2021. Interested candidates can apply on the official <a href="https://careers.ntpc.co.in/2021_HydroFTE_Adv_102021/index.php">website</a>. These are the roles available — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Role </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vacancies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eligibility criteria </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mechanical Engineers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum one year of experience post qualification in construction/erection/engineering of Hydro power projects/stations with bachelors in Engineering (B.E)/bachelor of technology (B.Tech) in mechanical engineering with at least 60% aggregate marks from a recognised university/institute. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Civil Engineers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum one year of experience post qualification in construction/erection/engineering of Hydro power projects/stations with B.E/B.Tech in civil engineering with at least 60% aggregate marks from a recognised university/institute. </td></tr></tbody></table> Candidates belonging to the general/other backward class (OBC)/ economically weaker section (EWS) will have to pay a non-refundable registration fee of ₹300 while filling out the application form. Other general rules and regulations — <ol><li>Only Indian nationals are eligible to apply. </li><li>The maximum age limit criteria for these roles is 35 years. </li><li>The management reserves the right to conduct an online screening/selection test to raise the minimum eligibility criteria, in order to restrict the number of candidates to be called for an interview. </li><li>Candidates should ensure that the details provided should be verified as if found to be untrue in the later stages of the recruitment will lead to disqualification.</li></ol>SEE ALSO:<a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/chinas-anti-addiction-regulations-for-video-games-are-making-it-difficult-for-game-developers-to-operate-heres-why/articleshow/87781088.cms">China’s anti-addiction regulations for video games are making it difficult for game developers to operate — here’s why</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/concerns-over-high-global-inflation-keep-indian-equity-markets-under-pressure/articleshow/87779090.cms">Concerns over high global inflation keep Indian equity markets under pressure</a>

NTPC is hiring experienced engineering professionals with a monthly salary of ₹60,000

<ul><li>The market regulator Securities and Exchange Board of India (SEBI) mandated that the chairperson, <keyword id="115930" type="POSITION" weightage="20" keywordseo="Chief-Executive-Officer">chief executive officer</keyword> (CEO) of the company can not be the same. </li><li>Wipro’s Abidali Neemuchwala and Karur Vysya Bank’s PR Seshadri quit citing ‘personal’ reasons. </li><li>Of the top 500 companies, more than 160 have shared chairperson and CEO posts — and another 50 companies have the chairperson related to the CEO. </li><li>Checkout the 10 top Indian companies are looking for CEOs.</li></ul>The resignation of <a href="https://www.businessinsider.in/business/news/abidwali-neemuchwalas-scorecard-as-wipros-ceo-for-four-years/articleshow/73794632.cms">Wipro CEO Abidali Neemuchwala</a> made headlines a few days ago. The reasons for his departure were ‘personal’, there are many other Indian firms that are looking for top talent to sit in the corner office. In a bid to scale up the the corporate governance practices, the market regulator Securities and Exchange Board of India (SEBI) mandated that the chairperson, chief executive officer (CEO) and the managing director (MD) of the company can not be the same. The new mandate, that is applicable to the fortune 500 companies will kick off on April 1, 2020. Of the top 500 companies, more than 160 have shared chairperson and CEO posts — and another 50 companies have the chairperson related to the CEO— <a href="https://economictimes.indiatimes.com/markets/stocks/news/sebis-cut-off-for-separate-chairman-and-md-is-here-are-family-run-businesses-ready/articleshow/72973247.cms">according to the</a> Economic Times report. This has opened up vacancies across companies like <keyword id="6355199" type="COMPANY" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword>, Hindustan Unilever and ITC, aside from Wipro. While Neemuchwala will stay on till Wipro finds his successor, the corner office of <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/karur-vysya-bank-ceo-md-resigns/articleshow/73116982.cms">Karur Vysya Bank CEO PR Seshadri’s last working day</a> will be March 31, 2020. The key qualities of a CEO These top executives must have experience, observation skills, as well as a strong network to the table. “The top executive needs to have the ability to align themselves with the company’s vision. The new SEBI regulations which states that companies cannot have the same person as a CEO as well as Chairperson will create a lot of demand initially, this might lead to some relaxation of assessment standards for some time,” Ajay Shah, VP and head of recruitment at TeamLease Services told Business Insider. “These thought leaders provide much more than just a reference. They also provide counsel; they serve as sounding boards; they act as voices of depth and reason; they help frame a CEO search in the context of the organisation,” Deepak Parekh, chairman at HDFC <a href="https://economictimes.indiatimes.com/news/company/corporate-trends/how-godfathers-of-ceo-hiring-in-india-inc-choose-best-candidate-for-the-top-job/articleshow/34348018.cms?from=mdr">told</a> the Economic Times. It doesn’t take days or hours of interviews. For me, 10 minutes is enough to assess if the candidate is right for the job,” Parekh added. “The <keyword id="1668152" type="PERSON" weightage="20" keywordseo="CEO-hiring">CEO hiring</keyword> protocols that Indian companies follow generally start with external agencies or search firms identifying suitable candidates and the boards or promoters interviewing them. Top 25 thought leaders in India across sectors are tapped for referencing for top appointments. Along with quality references these thought leaders also provide counselling for such hires,” Shah added. Here are the top Indian companies are looking for CEOs: Reliance Industries 
	<div type="image" title="ambani" msid="73997124" hostid="261" caption="&amp;lt;p&amp;gt;Mukesh Ambani&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹924,038 crore Chairman &amp; CEO: Mukesh Ambani Hindustan Unilever 
	<div type="image" title="sanjiv mehta" msid="73997127" hostid="261" caption="&amp;lt;p&amp;gt;Sanjiv Mehta&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹464,839 crore Chairman &amp; CEO: Sanjiv Mehta ITC 
	<div type="image" title="sanjiv puri" msid="73997131" hostid="261" caption="&amp;lt;p&amp;gt;Sanjiv Puri&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹262,428 crore Chairman &amp; CEO: Sanjiv Puri ONGC 
	<div type="image" title="shashi shanker" msid="73997134" hostid="261" caption="&amp;lt;p&amp;gt;Shashi Shanker&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹135,112 crore Chairman &amp; CEO: Shashi Shanker NTPC 
	<div type="image" title="gurdeep singh" msid="73997139" hostid="261" caption="&amp;lt;p&amp;gt;Gurdeep Singh&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹110,621 crore Chairman &amp; CEO: <keyword id="108414" type="PERSON" weightage="20" keywordseo="Gurdeep-Singh">Gurdeep Singh</keyword> Adani Ports 
	<div type="image" title="adani" msid="73997149" hostid="261"></div>

 Market Cap: ₹75,174 crore Chairman &amp; CEO: <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword> Karur Vysya Bank 
	<div type="image" title="PRS Karur" msid="73997152" hostid="261"></div>

 Market Cap: ₹4,092 crore Former Chairman &amp; CEO: PR Seshadri Coal India Market Cap: ₹121,036 crore Chairman &amp; CEO: <keyword id="806462" type="PERSON" weightage="20" keywordseo="Anil-Kumar-Jha">Anil Kumar Jha</keyword> BPCL Market Cap: ₹107,161 crore Chairman &amp; CEO: Duraiswamy Rajkumar Power Grid Corporation of India Market Cap: ₹100,629 crore Chairman &amp; CEO: Kandikuppa Sreekant

At least 10 top Indian companies are looking for CEOs — do you have what it takes?

The <keyword id="6356740" type="UNKNOWN" weightage="20" keywordseo="RAILWAY">Railway</keyword>s said that around 2.4 crore candidtates have applied for 1.4 lakh vacancies in Indian Railways for various categories of staff to be hired by the Railway Recruitment Boards (RRBs). A statement issued by <keyword id="9255929" type="COMPANY" weightage="20" keywordseo="the-ministry-of-railways">the Ministry of Railways</keyword> said, "It may be noted that RRBs had issued three centralised employment notifications for NTPC categories, isolated and ministerial categories and Level-1 categories for a total of about 1.4 lakh vacancies for various categories of staff." "Against these employment notifications, more than 2.4 crore candidates have applied," it said, adding that the national transporter has made requisite preparations for smooth conduct of computer based tests (CBTs) which is scheduled from December 15 onwards. It said that the details of schedule of the CBTs will be uploaded on the websites of RRBs in due course. It said that the railways had notified three types of vacancies -- 35,208 for NTPC (non-technical popular categories like guards, office clerks, commercial clerks etc.), 1,663 for Isolated and Ministerial categories (steno and teaches etc.) and 1,03,769 for Level-1 vacancies (track maintainers, pointsman etc). SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/list-of-indian-billionaires-who-dropped-out-of-school-or-did-not-go-to-school-at-all/slidelist/78829239.cms">From Mukesh Ambani to Azim Premji — Indian billionaires who dropped out of college or did not go to school at all</a>

Over 2.4 crore people apply for 1.4 lakh job vacancies at the Indian Railways

Benchmark equity indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and Nifty ended marginally lower in highly volatile trade on Tuesday as losses in IT and <keyword id="82906" type="General" weightage="20" keywordseo="auto-stocks" source="Orion">auto stocks</keyword> were largely offset by gains in banking and oil shares amid mixed global trends. The 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower at 57,613.72 as 19 of its stocks declined and 11 advanced. The index opened higher and further climbed 295.59 points or 0.51 per cent to touch a high of 57,949.45. It, however, failed to hold onto the gains and fell to a low of 57,494.91 later. The broader NSE Nifty closed lower by 34 points or 0.20 per cent to finish at 16,951.70 after gyrating between 17,061.75 and 16,913.75. As many as 32 Nifty stocks declined, 17 advanced and one closed unchanged. Adani Entertainment, Adani Ports, Tech Mahindra, HeroMotoCorp and Tata Motors were among major Nifty losers. Among the Sensex firms, Tech Mahindra, Tata Motors, Bharti Airtel, Wipro, Bajaj Finserv, HCL Technologies, Bajaj Finance, Larsen &amp; Toubro, Mahindra &amp; Mahindra and UltraTech Cement were the biggest laggards. IndusInd Bank, Power Grid, HDFC Bank, ICICI Bank, NTPC, Reliance Industries, HDFC and Tata Steel were the prominent winners. Vinod Nair, Head of Research at Geojit Financial Services said, "Indian markets continued to stay in the grip of bears as investors remained cautious in expectation of further tightening from the RBI." Nifty small and midcap stocks continued to underperform due to fall in investors risk appetite and FY23 tax harvesting, Nair added. "Nifty witnessed yet another day of rangebound price action. It consolidated between 16,900 – 17,100 for the third consecutive day," Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas. In <keyword id="35189" type="General" weightage="20" keywordseo="asian-markets" source="Orion">Asian markets</keyword>, Seoul, Japan and Hong Kong ended in the green, while Shanghai closed marginally lower. European equities were trading in positive territory during the afternoon trade. The <keyword id="123399" type="General" weightage="20" keywordseo="us-markets" source="Orion">US markets</keyword> ended on a mixed note on Monday. The 30-share BSE benchmark climbed 126.76 points or 0.22 per cent to finish at 57,653.86 on Monday. The Nifty advanced 40.65 points or 0.24 per cent to end at 16,985.70. Meanwhile, global oil benchmark Brent crude climbed 0.50 per cent to USD 78.51 per barrel. Foreign Portfolio Investors (FPIs) offloaded equities worth Rs 890.64 crore on Monday, according to exchange data. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/vending-machine-for-biryani-bvk-restaurant-launched-a-manless-takeaway-for-biryani-in-chennai/articleshow/99058891.cms">India now has a vending machine for Biryani. Here’s everything to know about it</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/hiring-outlook-remains-strong-for-blue-collar-jobs-in-manufacturing-and-services-in-q1-2024/articleshow/99060293.cms">Amid layoff doom, hiring outlook remains strong for blue-collar jobs in manufacturing and services: TeamLease</a>

Sensex, Nifty close marginally down in volatile trade

<ul><li>India’s benchmark indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> fell by nearly 1% each on Monday morning amid negative cues from global markets. </li><li>IT, metal and auto sectors witnessed the most decline, while the realty sectoral index was the only one in the green in the first hour of trading today. </li><li><keyword id="90570" type="General" weightage="80" keywordseo="sgx-nifty" source="Orion">SGX Nifty</keyword>, an early indicator of how the markets may perform, was down 0.17% or 30 points early in the morning today. </li></ul>India’s benchmark indices Sensex and Nifty50 fell by nearly 1% each on Monday morning amid negative cues from global markets. IT, metal and auto sectors witnessed the most decline, while the realty sectoral index was the only one in the green in the first hour of trading today. SGX <keyword id="6354813" type="General" weightage="20" keywordseo="nifty" source="Orion">Nifty</keyword>, an early indicator of how the markets may perform, was down 0.17% or 30 points early in the morning today. As of 10:15 a.m. on Monday, the 30-stock Sensex was down 0.9% or 490 points to 58,366, while the 50-stock Nifty50 was down 0.9% or 155 points to 17,311. Top gainers and losers on Nifty50 <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NTPC </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.88% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Enterprises </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-4.98% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports &amp; SEZ </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.73% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.83% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Mahindra Bank </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.66% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.06% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.60% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.94% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nestle India </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.46% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.45% </td></tr></tbody></table> Source: NSE, as at 10:15 a.m., February 27, 2023 Earlier last week, Indian markets continued to witness heightened volatility amid increased fears of further rate hikes by the US Fed and consequently the Reserve Bank of India. While Sensex fell 2.91%, Nifty50 declined 2.61% last week. <cmsannotation type="cmsannotation" annotationid="US markets singe on hot inflation" comment="subhead" text="US markets singe on hot inflation">US markets singe on hot inflation</cmsannotation> Markets in the US singed on Friday due to hot inflation numbers raising fears of another rate hike by the US Fed. While the S&amp;P 500 fell 1.05%, Dow Jones Industrial Average fell 1.02%. The tech-heavy Nasdaq fell 1.69%. Most Asian markets were trading in the red on Monday morning, with KOSPI falling the most at 0.83%, followed by Taiwan Weighted which was down 0.72%. Nikkei 225 fell 0.18%, while Hang Seng was flat. Shanghai Composite was the only gainer at 0.22%. <cmsannotation type="cmsannotation" annotationid="Stocks to watch" comment="subhead" text="Stocks to watch"><keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">Stocks to watch</keyword></cmsannotation> <keyword id="895682" type="General" weightage="80" keywordseo="adani-ports" source="Orion">Adani Ports</keyword> &amp; SEZ: The company’s cargo volumes have crossed 330 million metric tonne (mmt) in 329 days, beating its own milestone from last year of 354 days. <keyword id="66822" type="General" weightage="80" keywordseo="mundra" source="Orion">Mundra</keyword> continues to be the largest port in the country in terms of volumes handled. <keyword id="6358032" type="General" weightage="100" keywordseo="spicejet" source="Orion">SpiceJet</keyword>: The low cost carrier posted a <a href="https://www.businessinsider.in/business/corporates/news/spicejets-q3-net-profit-jumps-162-to-110-crore-on-air-travel-recovery-shares-surge-13/articleshow/98211990.cms">162% surge in net profit </a>to ₹110 crore for the December quarter compared with ₹42 crore last year aided by a robust performance in its passenger and cargo business. <keyword id="2351966" type="General" weightage="80" keywordseo="interglobe-aviation" source="Orion">InterGlobe Aviation</keyword>: More than 50 planes of Indigo and Go First are on the ground due to Pratt and Whitney engine woes amid persisting supply chain issues. Edelweiss Financial Services: The company has received shareholders approval to demerge its wealth management services business paving way to list Nuvama Wealth Management. One 97 Communications (Paytm): Ant Group Co is considering selling some of its shares in the financial services company to keep its holding within a required threshold, according to reports. SEE ALSO: <a href="https://www.businessinsider.in/india/news/after-jammu-karnataka-next-in-turn-for-good-news-on-lithium-in-mandya/articleshow/98244881.cms">After Jammu, Karnataka next in turn for good news on lithium in Mandya</a> <a href="https://www.businessinsider.in/careers/news/dgca-plans-to-hire-400-tech-staff-in-1-2-years-increase-offices-to-19-arun-kumar/articleshow/98248431.cms">DGCA plans to hire 400 tech staff in 1-2 years; increase offices to 19: Arun Kumar</a> <a href="https://www.businessinsider.in/tech/news/iit-madras-to-establish-100-crore-innovation-entrepreneurship-fund/articleshow/98244674.cms">IIT Madras to establish ₹100 crore Innovation &amp; Entrepreneurship fund</a>

Sensex, Nifty50 decline as IT, metal and auto stocks plummet

<ul><li>Majority of India's rated <keyword id="1397467" type="General" weightage="20" keywordseo="infrastructure-issues" source="Orion">infrastructure issues</keyword> can withstand further depreciation of rupee, says Moody's Investors Service.</li><li>However, a small number of issuers are vulnerable if the US dollar/rupee depreciates to the mid-to-high ₹80 range, because of their reliance on imperfect financial hedges.</li><li>Depending on their hedging strategy, project finance issuers will face different residual exposure as the currency fluctuates over time.</li></ul>Majority of India's rated infrastructure issues can withstand further depreciation of rupee owing to their financial hedges and other mitigants, said Moody's Investors Service. However, a small number of issuers are vulnerable if the US dollar/rupee depreciates to the mid-to-high Rs 80 range, because of their reliance on imperfect financial hedges. "Corporate infrastructure issuers are generally better positioned to manage their exposure when compared to project finance issuers, who rely on common financial hedges that do not completely eliminate currency risk," said Spencer Ng, Vice President and Senior Credit Officer. Generally, corporate infrastructure issuers have features that shield them to currency weakness, including their: (1) ability to recover some of the additional costs from their regulated tariffs, such as NTPC Limited; (2) access to dollar revenue, such as Adani Ports and Special Economic Zone Limited and (3) less concentrated exposure to dollar debt as part of their overall debt structure, Moody's said. In contrast, project finance issuers typically rely on imperfect financial hedges because of very high hedging costs in India and the limited availability of long tenor products. Depending on their hedging strategy, project finance issuers will face different residual exposure as the currency fluctuates over time. Although hedging strategies have so far been effective, a sustained rupee drop could put some issuers under pressure. Nevertheless, issuers have additional arrangements to reduce credit exposure. These include dedicated reserves to help support the rollover of shorter dated hedges or sponsor support mechanisms provided to project finance transactions. Although these additional arrangements provide another layer of protection to bondholders, their effectiveness will be constrained by factors such as the project sponsor's capacity to support, said Moody's. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/bangalore-shows-the-maximum-intent-to-hire-among-indian-cities-teamlease-survey/articleshow/94220503.cms">Bangalore shows the maximum intent to hire among Indian cities – TeamLease survey</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/here-are-indias-top-ten-most-valuable-brands-according-to-kantar/slidelist/94214141.cms">Here are India’s top ten most valuable brands according to Kantar</a>

Most of India's core sector borrowers can withstand Rupee depreciation: Moody's

<ul><li>Indian benchmark indices opened in the green led by fall in <keyword id="45185" type="General" weightage="20" keywordseo="crude-oil" source="Orion">crude oil</keyword> prices and rally in metal and auto stocks.</li><li>Oil prices dropped to $94 per barrel, as recession fears hurt its demand outlook and as data pointed to a slow recovery in China's crude imports in July.</li><li>Auto stocks trended higher as the industry expects car sales to be strong this festive season.</li></ul>Fall in crude oil prices and rally in automobile and metal stocks has lifted up investor sentiment at the start of the week – which were strong enough to negate weak cues from global markets. Oil prices dropped to $94 per barrel, as recession fears hurt its demand outlook and as data pointed to a slow recovery in China's crude imports in July. Fall in oil prices is a positive sign for an importer like India. Auto stocks trended higher as the industry expects car sales to be strong this festive season on the back of new launches and improved production. Festive season starts from August 11 with Raksha Bandhan and extends till Diwali in October. Meanwhile, inflows by foreign institutional investors (FIIs) also kept the momentum high. August saw inflows of ₹14,000 crore as against ₹1,971 crore in July. Markets might not witness too much action as tomorrow Tuesday, is a holiday for Muharram. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top five gainers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.97% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NTPC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.63% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.47% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.25% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M&amp;M </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.19% </td></tr></tbody><tbody></tbody><tbody></tbody></table>This week, investors will be keenly watching the inflation data to be released. It would give an indication of the future course of action of central banks. The US CPI data to be released on Wednesday and India’s CPI and Industrial Production data to be released on Friday. Currently, <keyword id="108767" type="General" weightage="20" keywordseo="us-inflation" source="Orion">US inflation</keyword> is at a multi-decadal high and that of India has been above RBI’s tolerance band of 6%. Global peers were trading lower as they fear an aggressive monetary policy by the US Fed after strong jobs data. Data showed US employers hired a strong 5.28 lakh jobs in July even more than 3.98 lakh jobs in June. The strong job data is likely to encourage the US Fed to continue raising interest rates to cool the economy and tackle inflation. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/ronnie-screwvalas-edtech-company-upgrad-bags-1670-crore/articleshow/93422499.cms">Ronnie Screwvala's edtech company upGrad bags ₹1,670 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/tata-motors-acquires-fords-manufacturing-plant-in-gujarat-for-726-crore/articleshow/93422641.cms">Tata Motors acquires Ford’s manufacturing plant in Gujarat for ₹726 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/reliance-industries-will-be-hosting-its-45th-agm-this-month-all-your-need-to-know/articleshow/93408973.cms">Reliance Industries will be hosting its 45th AGM this month — all your need to know</a>

Sensex up 300 points on crude price fall, rally in auto and metal stocks

<ul><li>India's Power Minister R.K. Singh said that sufficient fuel was being provided to <keyword id="34551" type="General" weightage="20" keywordseo="power-plants" source="Orion">power plants</keyword> supplying Delhi. </li><li>The central government's assurance came after Delhi's Power Minister Satyendra Jain spoke about the possibility of a blackout in the national capital.</li><li>The Coal Ministry and CIL have assured that there is ample coal available in the country to meet the demand of power plants.</li></ul>Delhi will not face any energy crisis as sufficient fuel is being provided to power plants supplying the national capital, Union Power Minister R.K. Singh said on Sunday after reviewing coal stock position in all thermal power plants including those supplying power to Delhi distribution companies. The Central assurance came a day after Delhi Power Minister Satyendra Jain had said that if the <keyword id="500152" type="General" weightage="20" keywordseo="coal-supply" source="Orion">coal supply</keyword> didn't improve, there will be a <keyword id="12280112" type="General" weightage="20" keywordseo="blackout-in-delhi" source="Orion">blackout in Delhi</keyword> in two days. On October 9, the total despatch of coal from all sources (Coal India Ltd, Singareni Collieries, captive coal mines, and imported coal) was 1.92 million tonnes while the total consumption was 1.87 million tonnes, officials said. Thus, the coal dispatches have exceeded the consumption, thereby indicating shift to gradual building up of coal stock. The Coal Ministry and CIL have assured that there is ample coal available in the country to meet the demand of power plants, and any fear of disruption in power supply is entirely misplaced. The coal stock at power plants is sufficient for more than four days' requirement and as the coal supply is being ramped up by CIL, the coal stock at power plant would gradually improve, they said. Singh has directed that distribution companies of Delhi will get as much as power as requisitioned by them as per their demand. The NTPC and DVC have been directed to give full availability as per the requirement of discoms. GAIL India Ltd has been advised to make gas available from all sources viz., APM, SPOT, LT-RLNG sources to gas-based power plants in Delhi. NTPC has also been advised to offer normative declared capacity to the Delhi discoms, as per their allocations from gas-based power plants under respective PPAs. If any discoms is found to resort to load shedding despite being power available as per PPA, action would be initiated against them, the Power Ministry has said. Despite heavy rains in the month of August and September, steep hike in power demand due to economic recovery, and increase in prices of imported coal, <a href="https://www.businessinsider.in/india/news/what-is-indias-coal-crisis/slidelist/86803295.cms" data-type="tilCustomLink">domestic coal supply</a> have sustained the operation of power plants and all out efforts are being made to ensure full power supply to the discoms as per their requirements, a ministry statement said. SEE ALSO: <h2 style="margin-bottom: 8px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: 1.5; font-family: LabGrotesque-Black, Helvetica, Arial, sans-serif; vertical-align: baseline; order: 3; color: rgb(17, 17, 17); background-color: rgb(255, 255, 255);"><a target="_blank" class="c-link" href="https://www.businessinsider.in/business/corporates/news/tcs-will-hire-35000-freshers-in-the-next-six-months/articleshow/86871159.cms">TCS has nearly doubled its hiring plan for the year as attrition remains high</a> <a target="_blank" class="c-link" href="https://www.businessinsider.in/business/corporates/news/tata-sons-buy-air-india-for-2-39-billion-from-the-indian-government/articleshow/86867529.cms">Tata Sons buys ‘Maharajah’ for $2.39 billion from the Indian government</a></h2>

Indian government assures sufficient fuel supplies to power plants amid blackout concerns in Delhi

<ul><li><keyword id="1554716" type="General" weightage="20" keywordseo="buy-now" source="Orion">Buy Now</keyword>, <keyword id="3621187" type="General" weightage="20" keywordseo="pay-later" source="Orion">Pay Later</keyword> schemes by e-commerce platforms may look attractive but charge you a higher amount if you miss any payment deadline.</li><li>Suppose you took a cab ride of ₹1,500 on Ola and paid through Ola Money Postpaid. If you forget to pay the amount in the next 15 days then you will be charged ₹100 the other day.</li><li>Online platforms like Paytm Postpaid, Ola Money Postpaid, Amazon Pay Later and Flipkart PayLater charges up to ₹600 fees if you miss any deadline dates.</li></ul>Just like credit cards, Buy Now, Pay Later (<keyword id="9522245" type="General" weightage="20" keywordseo="bnpl" source="Orion">BNPL</keyword>) schemes allow you to buy products beforehand and pay the total amount in installments. You must be aware of Paytm Postpaid, Ola Money Postpaid, Amazon Pay Later, Flipkart PayLater and several others. To help you understand the steep charges by online platforms that have Buy Now, Pay Later scheme here is an example. Suppose you took a cab ride of ₹1,500 on Ola and paid through Ola Money Postpaid. Later if you forget to pay the amount in the next 15 days then you will be charged ₹100 the other day. Also, this amount will keep on increasing every cycle if you miss future deadlines. During the last couple of years and also because of covid infused financial stress, BNPL schemes have become very popular among young who are new to the credit space. Macquarie expects the total amount of loans disbursed through such schemes to be anywhere between $45 billion and $50 billion by March 2026. The current market is still very small ⁠— about 0.7% of all bank loans and about 2.07% of loans given by the non-banking financial companies, <a href="https://rbidocs.rbi.org.in/rdocs//PublicationReport/Pdfs/DIGITALLENDINGF6A90CA76A9B4B3E84AA0EBD24B307F1.PDF">according to the latest data provided by the Reserve Bank of India</a>. <div type="image" title="loan disbursal" height="900" width="1200" msid="87798372" hostid="261"></div> While these schemes do serve the purpose of buying products on time and paying later, one should be aware about the high cost in late payments. How does BNPL work? <ul><li>Buy a product at an online or e-commerce platform</li><li>Select ‘Buy Now, Pay Later’ option</li><li>Make a small down payment of the overall purchase amount</li><li>The remaining amount shall be debited in a series of EMIs</li></ul>Most BNPL schemes offer a smaller repayment window of 15 to 30 days and charge up to ₹600 fees if you miss the deadline. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Late fees </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ZestMoney </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹250+ 1% per day on late repayments </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Simpl </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹250 per cycle default </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ePayLater </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹100 per cycle default </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">KrazyBee </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹500+ 0.2% penalty charge per day </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paytm Postpaid </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10-500 per cycle default </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amazon Pay Later </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹100-500 per cycle default </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mobikwik Zip </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20-200 per cycle default. Plus 1% late fee after 3rd cycle </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Flipkart PayLater </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹60-600 per cycle default </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">LazyPay </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹50-500 per cycle default </td></tr></tbody><tbody></tbody></table>Source: Macquarie report dated November 18, 2021 BNPL looks attractive but is definitely not a win-win situation for consumers. These steep late fee charges indicate significant revenue for the company, said analysts at global brokerage firm Macquarie Research. What should you do? Educate yourself about the interest charges including processing fee, which you would be paying before you make your purchase via the BNPL option, on the total amount before buying a product through BNPL. It is best to use the BNPL option when you are sure of paying the entire due amount before the due date. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/opinion-the-next-four-letter-word-taking-the-world-of-finance-by-storm/articleshow/87260681.cms">OPINION: The next four-letter word taking the world of finance by storm</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/ntpc-is-hiring-experienced-engineering-professionals-with-a-monthly-salary-of-60000/articleshow/87781706.cms">NTPC is hiring experienced engineering professionals with a monthly salary of ₹60,000</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/zomato-is-now-bigger-than-paytm-reasons-why-the-market-is-not-excited-about-vijay-shekhar-sharmas-vision-of-a-superapp/articleshow/87777762.cms">Zomato is now bigger than Paytm — reasons why the market is not excited about Vijay Shekhar Sharma’s vision of a superapp</a>

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