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Foreign investors have withdrawn nearly Rs 20,000 crore from Indian stock markets in just five trading days (November 4–8), continuing a trend of large-scale selling that began last month. Experts say investors are now moving their money to China, largely due to the high valuations presently prevailing in Indian markets. In early November, FPIs have offloaded as much as Rs 19,994 crore in Indian markets. The month prior, i.e., October, was one of the worst months in terms of foreign outflows, with FPIs making a net withdrawal of Rs 94,017 crore. Before this, Indian markets faced such a situation during the pandemic, when FPIs withdrew Rs 61,973 crore from equities in March 2020. <h2>Why Are Investors Leaving? </h2>According to Himanshu Srivastava of Morningstar Investment Research India, two main factors are driving this exodus. First is China's renewed appeal due to lower stock valuations and new economic stimulus measures. In a bid to nudge the domestic economy and bail state governments, China recently approved a 10-trillion yuan (US $1.4 trillion) package. Per reports, approximately 60% of this stimulus focuses on allowing local governments to refinance the mountain of debt on them. Srivastava explains foreign investors are also flocking to US dollar and Treasury yields, which have appreciated significantly in the recent past, leading FPIs to anticipate a stronger US economy going ahead. Moreover, high valuations in Indian markets are discouraging foreign investors from putting more money in the economy. As a result, over the past week, the selling pressure eroded Rs 74,563 crore in market value for Reliance Industries, while Bharti Airtel and ICICI Bank lost Rs 26,274 crore and Rs 22,254 crore, respectively. The combined market valuation of six of the top 10 most-valued firms dipped by Rs 1,55,721.12 crore last week. <h2> Silver linings</h2>Despite the ongoing outflux of funds since last month, November also saw unprecedented applications of about 40–50 new FPI registrations, which are eyeing to enter the Indian market. This was due to markets SEBIs recent relaxation to NRIs, permitting them to participate up to 100% and announcing measures for ease of entry and operations in India. On the other hand, FPIs invested Rs 599 crore in the debt general limit and Rs 2,896 crore in the debt voluntary retention route (VRR) during the period under review. So far this year, FPIs have invested Rs 1.06 lakh crore in the debt market. <li class="whitespace-normal break-words"></li>Going ahead, investors will be looking for certain macroeconomic cues, which include corporate earnings reports, India's inflation (CPI) and industrial production (IIP) data on November 12, the US inflation report on November 13, and wholesale price index (WPI) data on November 14.

FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US

<keyword id="19923700" type="General" weightage="20" keywordseo="tata-power" source="keywords">Tata Power</keyword> on Saturday said it has collaborated with the <keyword id="19905539" type="General" weightage="20" keywordseo="ayodhya-development-authority" source="keywords">Ayodhya Development Authority</keyword> (ADA) to deploy charging points in and around the city on crucial routes to accelerate the adoption of <keyword id="19895203" type="General" weightage="20" keywordseo="electric-vehicles" source="keywords">Electric Vehicles</keyword> (EVs). The initiative strategically links <keyword id="6354931" type="General" weightage="20" keywordseo="Ayodhya" source="Orion">Ayodhya</keyword> with major cities nearby through the establishment of EV charging points. These points are situated along routes such as Ayodhya to Lucknow via National Highway (NH) 27, Ayodhya to Raebareli via NH 330, Ayodhya to Prayagraj via NH 330, and Ayodhya to Gorakhpur via NH 27, said the company. "These stations epitomise innovation and environmental stewardship and set the pace for our nation's journey towards Net Zero emissions. Together, we're shaping a sustainable tomorrow that benefits us all," said <keyword id="20372997" type="General" weightage="20" keywordseo="deepesh-nanda" source="keywords">Deepesh Nanda</keyword>, CEO and Managing Director, <keyword id="20372998" type="General" weightage="20" keywordseo="tata-power-renewable-energy-limited" source="keywords">Tata Power Renewable Energy Limited</keyword>. With more than 80,000 home chargers, 5,300+ public, semi-public and fleet charging points, and more than 850 bus charging stations, Tata Power said it is at the forefront of driving the transition towards environment-friendly transportation. "These charging points not only enhance our city's infrastructure but also herald a new era of eco-consciousness and progress," said Gaurav Dayal, Commissioner of Ayodhya. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/oneplus-12-review/articleshow/108723955.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-12-review/articleshow/108723955.cms" target="_blank">OnePlus 12 review: A feature-packed device with promising battery back-up</a><a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-50-pro-to-launch-in-india-on-april-3-everything-we-know-so-far/articleshow/108667275.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-50-pro-to-launch-in-india-on-april-3-everything-we-know-so-far/articleshow/108667275.cms" target="_blank">Motorola Edge 50 Pro to launch in India on April 3 – Everything we know so far</a><a href="https://www.businessinsider.in/business/auto/news/jsw-group-and-saic-motors-jv-jsw-mg-motor-india-set-to-up-production-to-3-lakh-vehicles-a-year-with-a-new-car-every-3-6-months/articleshow/108647799.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/jsw-group-and-saic-motors-jv-jsw-mg-motor-india-set-to-up-production-to-3-lakh-vehicles-a-year-with-a-new-car-every-3-6-months/articleshow/108647799.cms" target="_blank">JSW Group and SAIC Motor’s JV ‘JSW MG Motor India’ set to up production to 3 lakh vehicles a year with a new car every 3-6 months</a>

Tata Power deploys EV charging points on key routes to Ayodhya

State-owned <keyword id="20039950" type="General" weightage="20" keywordseo="Bharat-Petroleum-Corporation" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharat Petroleum Corporation" meta.hostid="153" meta.entityid="Bharat Petroleum Corporation">Bharat Petroleum Corporation</keyword> plans to invest Rs 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in 'future big bets' of <keyword id="20115883" type="General" weightage="20" keywordseo="petrochemicals" source="keywords">petrochemicals</keyword> and <keyword id="19895435" type="General" weightage="20" keywordseo="green-energy" source="keywords">green energy</keyword>, its chairman G Krishnakumar has said. At present, Bharat Petroleum Corporation Ltd (<keyword id="19908646" type="General" weightage="100" keywordseo="BPCL" source="keywords" meta.keywordsubtype="org" meta.entityname="BPCL" meta.hostid="153" meta.entityid="BPCL">BPCL</keyword>) owns about 14 per cent of India's oil <keyword id="20064251" type="General" weightage="20" keywordseo="refining-capacity" source="keywords">refining capacity</keyword> and about a quarter of the fuel retailing network. It plans to grow these businesses while foraying into newer areas. The firm is now implementing the first phase of a multi-decade aspirational journey in the form of '<keyword id="22826627" type="General" weightage="20" keywordseo="project-Aspire" source="keywords">Project Aspire</keyword>' - its five-year strategic framework that is based on two fundamental pillars - 'Nurturing the Core' and 'Investing in Future Big Bets', he said in the company's latest annual report. "Our mid-term strategy is on a continuum. While we remain committed to growing our core businesses, which include refining and marketing <keyword id="20037698" type="General" weightage="20" keywordseo="petroleum-products" source="keywords">petroleum products</keyword> and upstream, we are equally focused on our big bets comprising petrochemicals, gas, green energy, non-fuel retail, and digital. "Project Aspire, with a planned capex outlay of around Rs 1.70 lakh crore over five years, will enable us to create long-term value for our stakeholders while preserving our planet for future generations," he said. "A cornerstone of our long-term strategy, Project Aspire, with a Rs 1.70 trillion investment, marks the initial phase of our multi-decade odyssey to shape the energy of tomorrow. This, coupled with our robust balance sheet, fuels our ambition to lead the <keyword id="19951336" type="General" weightage="20" keywordseo="energy-transition" source="keywords">energy transition</keyword>." The company is targeting net zero carbon emissions from its operations by 2040. "BPCL has drawn a net-zero roadmap, which encompasses renewable power, green hydrogen, compressed biogas, carbon capture, utilisation, and storage (CCUS), efficiency improvement and the offsets procurements. This would require a phased capital outlay of approximately Rs 1 lakh crore till 2040, and the company is geared for the same," he said. The firm's bet on continuing investing in core businesses is based on the premise that India's booming economy will drive a 4-5 per cent annual increase in energy demand and petroleum product consumption. Also, the demand for major petrochemical products is expected to rise by 7-8 per cent annually. "This presents a strategic opportunity to expand refining capacity alongside the development of integrated petrochemical complexes," he said. BPCL is implementing new petrochemical projects at two of its three oil refineries. A Rs 49,000 crore ethylene cracker project is being implemented at the Bina refinery in Madhya Pradesh, alongside raising oil refining capacity from the current 7.8 million tonnes to 11 million tonnes annually by 2029. A polypropylene project is being set up at Kochi refinery in Kerala by 2027. "To meet the anticipated demand beyond our planned expansions in Bina and Kochi, we are actively evaluating options for setting up additional integrated refining and petrochemical capacities within the next 5-7 years," Krishnakumar said without disclosing either the investments or the location of such a project. Andhra Pradesh is being speculated as the likely site after Prime Minister Narendra Modi's BJP and regional party TDP stormed to power in the state in recently concluded assembly elections. TDP has been demanding the implementation of a refinery-cum-petrochemical complex that was promised as part of the package when the state was split more than a decade back. "Our investment in the petrochemical project is consistent with our aspiration of becoming a dominant player in India's petrochemical growth story," Krishnakumar said. On energy transition, he said BPCL is targeting to build 2 gigawatts (GW) of <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> capacity by 2025 and 10 GW by 2035. "We are investing nearly Rs 1,000 crore to establish two 50 MW captive wind power plants in Maharashtra and Madhya Pradesh, which will support our refineries in Mumbai and Bina." The firm is also investing around Rs 300 crore in 72 MWp of solar project in Prayagraj, Uttar Pradesh. "Concomitantly, we are executing green hydrogen projects aligned with the National Green Hydrogen Mission. These projects include a 5 MW electrolyser plant at Bina refinery and a green hydrogen refuelling station with an indigenously developed electrolyser at Kochi," he noted. BPCL, he said, is committed to supporting the transition to electric mobility through a robust and accessible charging infrastructure. The company has installed over 3,000 charging stations, including fast chargers for cars and two-wheelers. 900 fast chargers are installed across 120 highway corridors, which helps address the range, discovery and time anxiety of electric vehicle (EV) owners. "Over the next five years, we aim to install 4-wheeler fast chargers at approximately 6,000 retail outlets across 400 highway corridors, prioritising high-traffic corridors like the Golden Quadrilateral and N-S/E-W highways," he said. On biofuels, he said BPCL sells petrol with 20 per cent ethanol blend at 4,279 out of its over 22,000 petrol pumps. It is also building compressed biogas plants using municipal solid waste to make gas that can be used as CNG in automobiles. The firm is also exploring partnerships in the arena. "These combined efforts, along with the upcoming commissioning of a bio-ethanol refinery, positions BPCL as a key player in India's transition to a greener fuel mix, creating a robust ecosystem for the adoption of cleaner fuels across the country," he added. BPCL is establishing a corporate venture capital fund to invest directly in promising startups. "In order to thrive in this complex and challenging business landscape, we will leverage our agility and focus on operational excellence to ensure continued success. Safety and reliability will remain our top priorities, guiding all our actions. We are committed to upholding the highest standards of corporate governance," he added. He said the energy sector of India stands at an inflection point. "The nation has an ambitious vision of becoming a USD 30 trillion developed economy by 2047. 'Viksit Bharat @2047' will necessitate an almost fourfold increase in primary energy demand." India's exponential growth trajectory will propel it to a pivotal role in the global energy market, accounting for roughly 12 per cent of world energy consumption by 2047. "The key strategic objectives for India in the energy sector will entail significant expansion in refining capacities, raising the share of gas in the energy basket from about 6 per cent to 15 per cent, establishing leadership in petrochemical exports, and sharply reducing energy imports from current levels of 47 per cent to below 25 per cent by 2030 and to zero by 2047," he said. India is targeting 500 GW of non-fossil fuel energy capacity, sourcing half of its energy needs from renewables, reducing carbon emissions by 1 billion tonnes and lowering carbon intensity by 45 per cent by 2030 with the ultimate goal of net-zero emissions by 2070. "Building on its strong Indian energy presence, BPCL aspires to meet 7-10 per cent of the nation's primary energy demand by 2047," he said.

BPCL planning Rs 1.7 lakh crore spend to expand core business, new energy foray over next five years

US short-seller <keyword id="20016892" type="General" weightage="20" keywordseo="Hindenburg-Research" source="keywords" meta.keywordsubtype="org" meta.entityname="Hindenburg Research" meta.hostid="153" meta.entityid="Hindenburg Research">Hindenburg Research</keyword> alleged that it suspects <keyword id="19901201" type="General" weightage="20" keywordseo="Sebi" source="keywords" meta.keywordsubtype="org" meta.entityname="Sebi" meta.hostid="153" meta.entityid="Sebi">SEBI</keyword>'s unwillingness to act against <keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="153" meta.entityid="Adani Group">Adani group</keyword> may be because its head Madhabi Puri Buch had stakes in <keyword id="20311680" type="General" weightage="20" keywordseo="offshore-funds" source="keywords">offshore funds</keyword> linked to the conglomerate - an allegation slammed by the SEBI head as "baseless" while Adani group said it never had any commercial relations with Buch. Hindenburg alleged that Buch and her husband had undisclosed investments in obscure offshore funds in Bermuda and Mauritius, the same entities allegedly used by <keyword id="20283220" type="General" weightage="20" keywordseo="Vinod-Adani" source="keywords">Vinod Adani</keyword> - the elder brother of group chairman Gautam Adani - to round-trip funds and inflate stock prices. SEBI, in October 2020, began a probe into the shareholding structure of Adani group companies after red flags were raised over the high concentration of foreign holdings in the conglomerate's listed companies. An investigation was launched to determine if the foreign investors were genuine public shareholders or acting as fronts for the promoters. SEBI, last year had told a Supreme Court-appointed panel that it was investigating 13 opaque offshore entities that held between 14-20% across five publicly traded stocks of the conglomerate. It hasn't stated if the two probes have since been completed, something which Hindenburg used to attack the market regulator. Madhabi Puri Buch and her husband Dhaval Buch in a joint statement strongly denied the "baseless allegations and insinuations made in the report". The same, they said, "are devoid of any truth". "Our life and finances are an open book," they said. "It is unfortunate that Hindenburg Research against whom SEBI has taken an enforcement action and issued a show cause notice, has chosen to attempt character assassination in response to the same." Buchs further said they have no hesitation in disclosing any financial documents, including those that relate to the period when we were strictly private citizens, to any and every authority that may seek them. While the statement did not talk about the questions Hindenburg raised over SEBI probe, the duo promised to come out with a detailed response. Separately, Adani group in a regulatory filing called the allegations by Hindenburg as "malicious, mischievous and manipulative selections of publicly available information to arrive at predetermined conclusions for personal profiteering with wanton disregard for facts and the law." "The Adani Group has absolutely no commercial relationship with the individuals or matters mentioned in this calculated deliberate effort to malign our standing," it said. "We remain steadfastly committed to transparency and compliance with all legal and regulatory requirements". Rejecting the allegations, it said they were nothing but a "recycling of discredited claims that have been thoroughly investigated, proven to be baseless, and already dismissed by the Supreme Court in March 2023." "It is reiterated that our overseas holding structure is fully transparent, with all relevant details disclosed regularly in numerous public documents," Adani group said, adding Anil Ahuja was a nominee director of 3i investment fund in Adani Power (2007-2008) and, later, a director of Adani Enterprises until 2017. "For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg's allegations are no more than red herrings thrown by a desperate entity with total contempt for Indian laws," it added. Hindenburg on Saturday stated that the SEBI chairperson and her husband invested in offshore entities that were allegedly part of a fund structure managed by India Infoline, and in which Vinod Adani also had investments. These investments reportedly date back to 2015, well before her appointment as a full-time member of SEBI in 2017 and the subsequent elevation as chairperson in March 2022. It said the Bermuda-based Global Opportunities Fund, which allegedly was used by entities connected to Adani Group to trade in shares of group companies, had sub-funds. Buch and her husband were investors in one of these sub-funds in 2015. Citing "whistleblower documents", Hindenburg said, "<keyword id="22743118" type="General" weightage="20" keywordseo="Madhabi-Buch" source="keywords">Madhabi Buch</keyword>, the current chairperson of SEBI, and her husband had stakes in both obscure offshore funds used in the Adani <keyword id="22743230" type="General" weightage="20" keywordseo="money-siphoning" source="keywords">money siphoning</keyword> scandal." SEBI, it claimed, has "shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities." Buch and her husband may have first opened their account with IPE Plus Fund 1 on June 5, 2015, in Singapore. IPE fund is a small offshore Mauritius fund set up by Vinod Adani director through India Infoline (IIFL), a wealth management firm with ties to the Wirecard embezzlement scandal. "Vinod Adani, brother of Gautam Adani, used this structure to invest in Indian markets with funds allegedly siphoned from over-invoicing of power equipment to Adani Group," claimed Hindenburg. Latching on to the Hindenburg allegations, Congress said the revelations only reinforced its demand for setting up a "joint parliamentary committee to investigate the full scope of the Adani mega scam" while the Trinamool Congress said the SEBI chairperson must resign. "This raises fresh questions about Gautam Adani's two 2022 meetings in quick succession with Ms Buch shortly after she became SEBI chairperson. Recall that SEBI was supposedly investigating Adani transactions at the time," Congress leader Jairam Ramesh said. In January last year, Hindenburg Research, which in the past has shorted - or bet against - companies like electric truck maker Nikola Corp and Twitter, accused Adani Group of pulling "the largest con in corporate history" by using a web of companies in tax havens to inflate its revenue and manipulate stock prices, even as debt piled up. Though the conglomerate vehemently denied all allegations, the damning report sent the group's shares into a free fall, wiping out over USD 150 billion in market value of the 10 listed entities at their lowest point. Most of the 10 listed companies have since recouped the losses. After the Hindenburg report, the Supreme Court asked market regulator SEBI to complete its investigation and set up a separate expert panel to look into regulatory lapses. The panel did not give any adverse report on Adani and the apex court too stated that no other probe other than one being done by SEBI was required. On June 26 this year, SEBI in a show cause notice charged Hindenburg of "deliberately sensationalizing and distorting certain facts" as well as working with a New York hedge fund to make its bet. Hindenburg had responded to that saying it made just USD 4.1 million from its declared positions on Adani stocks and criticized the regulator for not focusing its investigation into the January 2023 report "providing evidence" of the conglomerate creating "a vast network of offshore shell entities" and moving billions of dollars "surreptitiously" into and out of Adani public and private entities. The group led by billionaire Gautam Adani, who was the world's third-richest man before Hindenburg, in an epic comeback strategy raised USD 15 billion in equity and debt, sold some assets, repaid loans that were raised pledging shares, reined in expenses, repaid some debt and refocused energies on core business. Adani is now ranked 12th richest in the world, one notch and USD 6 billion shy of rival billionaire Mukesh Ambani. The group has also made some acquisitions, buying cement company Sanghi Industries and the news agency IANS. Adani has insisted the Hindenburg report has not changed operations at his companies, which include ports, airports, renewable parks generating electricity from sunlight and wind energy, gas distribution, cement processors, data centers, and even apple farms. 360 One Wam Ltd, formerly known as IIFL Wealth Management Ltd, separately said IPE-Plus Fund 1, a fully compliant and regulated fund, was launched in October 2013 and operated until October 2019. "Throughout the fund's tenure, IPE-Plus Fund 1 made zero investments in any shares of the Adani Group either directly or indirectly through any fund," it said. "At its peak, the fund's Assets Under Management (AUM) reached approximately USD 48 million, with over 90% of the fund consistently invested in bonds." The fund, it said, was managed as a discretionary fund by the Investment Manager. "No investor had any involvement in the fund's operations or investment decisions. Mrs. Madhabi Buch &amp; Mr. Dhaval Buch's holdings in the fund were less than 1.5% of the total inflow into the fund." Hindenburg on Saturday alleged that just weeks before Buch's appointment to SEBI, her husband requested the transfer of their investments into his sole control, potentially to avoid any scrutiny related to her new regulatory role. The couple's investments were reportedly funneled through a complex, multi-layered offshore structure, raising questions about their legitimacy and purpose. On March 22, 2017, just weeks ahead of Buch's appointment as SEBI Wholetime Member, her husband, Dhaval Buch, wrote to Mauritius fund administrator Trident Trust. That communication was regarding his and his wife's investment in the Global Dynamic Opportunities Fund (GDOF), the US firm alleged. "In the letter, Dhaval Buch requested to"be the sole person authorized to operate the accounts", seemingly moving the assets out of his wife's name ahead of the politically sensitive appointment," Hindenburg alleged. Dhaval Buch is currently a senior advisor at Blackstone and at Alvarez &amp; Marsal. He also serves as a non-executive director on the Board of Gildan. "In a later account statement dated February 26, 2018, addressed to Madhabi Buch's private email, the full details of the structure are revealed: "GDOF Cell 90 (IPEplus Fund 1)". Again, this is the same Mauritius-registered "cell" of the fund, found several layers deep in a convoluted structure, reportedly used by Vinod Adani," Hindenburg alleged. From April 2017 to March 2022, while Buch was a Wholetime member and Chairperson at SEBI, she had a 100 % interest in an offshore Singaporean consulting firm, called Agora Partners, it alleged adding On March 16, 2022, two weeks after she was appointed SEBI Chairperson, she quietly transferred the shares to her husband. To date, SEBI has taken no action against these funds, it claimed. "If SEBI wanted to find the offshore fund holders, perhaps the SEBI Chairperson could have started by looking in the mirror," Hindenburg said. In response to requests from the Supreme Court to investigate the Adani matter, SEBI is said to have hit a wall unveiling the holders of the offshore funds. The Supreme Court said that while SEBI seemingly agreed with its concerns over who funded Adani's offshore shareholders, "it is evident that SEBI has drawn a blank in this investigation", the firm alleged.

Hindenburg target SEBI chief, she calls charges baseless, Adani says no commercial relationship with SEBI head

The Union Budget for 2024-25, presented by Finance Minister Nirmala Sitharaman, places significant emphasis on <keyword id="19941381" type="General" weightage="20" keywordseo="energy-security" source="keywords">energy security</keyword> and sustainability. As per the government, the current strategy will focus on ensuring that energy resources are readily available, making energy affordable for all citizens and keeping energy costs low to prevent economic strain on consumers. Here's a breakdown of the key initiatives announced: <h2>PM Surya Ghar Muft Bijli Yojana</h2>One of the standout initiatives is the PM Surya Ghar Muft Bijli Yojana. This program aims to install <keyword id="20366573" type="General" weightage="20" keywordseo="rooftop-solar-plants" source="keywords">rooftop solar plants</keyword> across 1 crore households, providing up to 300 units of free electricity per month. As per the FM, the scheme has already seen significant interest, with over 1.28 crore registrations and 14 lakh applications. <h2>Pumped Storage Policy</h2>To enhance electricity storage capabilities and integrate more <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> into the grid, the government will introduce a policy promoting pumped storage projects. These projects are crucial for balancing the intermittent nature of renewable energy sources like wind and solar power. <div type="Article" hostid="261" msid="111956035" title="Union Budget 2024: What FM Nirmala took from your pocket, what she gave you" mstype="2" mssubtype="0"></div> <h2>Development of <keyword id="20876045" type="General" weightage="20" keywordseo="nuclear-energy" source="keywords">Nuclear Energy</keyword></h2>Recognising the importance of nuclear energy in India's future energy mix, the government plans to invest in new nuclear technologies. The announcement also mentioned partnering with the private sector to develop and set up Bharat <keyword id="20260886" type="General" weightage="20" keywordseo="Small-Modular-Reactors" source="keywords">Small Modular Reactors</keyword>. Boasting up to a 300 MW capacity, Small Modular Reactors are mobile, flexible in design and require a smaller footprint. Unlike conventional nuclear reactors that need to be built on-site, SMRs can be factory-built. These advantages can add up to significant savings in cost and construction time. <h2>Advanced Ultra Super Critical Thermal Power Plants</h2>The Budget highlights the completion of indigenous technology development for Advanced Ultra Super Critical (AUSC) thermal power plants. These plants boast higher efficiency and will be established through a joint venture between the National Thermal Power Corporation and Bharat Heavy Electricals Limited. The initiative includes government support for fiscal needs and aims to boost local production of high-grade steel and advanced metallurgical materials. <h2>Roadmap for Hard-to-Abate Industries</h2>A significant shift is planned for industries that are difficult to decarbonise. The government will move these industries from energy efficiency targets to emission reduction targets. This transition will be regulated through the Indian Carbon Market, replacing the current 'Perform, Achieve and Trade' mode. <h2>Support for Traditional Micro and Small Industries</h2>To promote cleaner energy usage and efficiency, the government will conduct energy audits in 60 clusters of traditional micro and small industries, including brass and ceramics. Financial support will be provided to help these industries switch to cleaner energy forms and implement energy efficiency measures. This initiative will be expanded to 100 more clusters in the next phase. As per Sameer Jain, Managing Director at Primus Partners, MSMEs consume approximately 50% of the nation's power needs while generating over 75% of greenhouse gas emissions. As a result, additional support — such as climate financing — will be crucial to ensure that the MSME sector adapts well to the green revolution, especially with how the budget has committed support to MSMEs to grow and compete globally. <div type="Article" hostid="261" msid="111953230" title="Union Budget 2024-25: Mobile Phones to get cheaper, as FM Nirmala Sitharaman reduces basic customs duty to 15%" mstype="2" mssubtype="0"></div> <h2><keyword id="22521154" type="General" weightage="20" keywordseo="climate-resilient-crops" source="keywords">Climate-Resilient Crops</keyword></h2>The government will release 109 high-yielding and climate-resilient varieties of 32 field and horticultural crops for cultivation by farmers. With the provision of research funding, including for the private sector, this move is part of a broader strategy to enhance agricultural productivity while adapting to climate change. <div type="Article" hostid="261" msid="111957080" title="What does Union Budget 2024-2025 have in store for farmers and the agricultural sector?" mstype="2" mssubtype="0"></div> <h2>Minerals for Green Technologies</h2>To support the growing demand for minerals used in green technologies, such as cobalt and lithium, the budget proposes exemptions from custom duties for 25 critical minerals and reduction on basic customs duty for two other essential metals. This move aims to bolster the domestic manufacturing of batteries and other components crucial for electric vehicles and renewable energy technologies. <h2>Development of Climate Taxonomy</h2>A new climate taxonomy will be developed to guide the green transition, ensuring that investments and policies are aligned with the goal of reducing carbon emissions and promoting sustainable practices. All in all, the Union Budget 2024-25 sets a promising course for India's energy and sustainability sector. With substantial investments and new initiatives, it aims to accelerate the transition to a greener future, and hopefully take us a step further towards India's net-zero emissions target by 2070.

Free solar electricity to mobile nuclear plants — major sustainability initiatives announced in Budget 2024!

Finance Minister Nirmala Sitharaman on Tuesday announced a cut in customs duty on minerals such as lithium, copper and cobalt, which are critical for nuclear energy, renewable and other sectors, to give a fillip to the energy transition. In her budget speech in Lok Sabha, Sitharaman recalled that in the interim budget she had announced a strategy to sustain high and more resource-efficient economic growth, along with energy security in terms of availability, accessibility and affordability. "We will bring out a policy document on appropriate energy transition pathways that balances the imperatives of employment, growth and environmental sustainability," she said. Noting that minerals such as lithium, copper, cobalt and rare earth elements are critical for sectors like nuclear energy, <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword>, space, defence, telecommunications, and high-tech electronics, she proposed to fully exempt customs duties on 25 critical minerals and reduce BCD (basic customs duty) on two of them. This will provide a major fillip to the processing and refining of such minerals and help secure their availability for these strategic and important sectors, she said. She stated that energy transition is critical in the fight against climate change. To support energy transition, she proposed to expand the list of exempted capital goods for use in the manufacture of solar cells and panels in the country. Further, she stated that in view of sufficient domestic manufacturing capacity of solar glass and tinned copper interconnect, I propose not to extend the exemption of customs duties provided to them. Noting that steel and copper are important raw materials and to reduce their cost of production, she proposed to remove the BCD on ferro nickel and blister copper. "I am also continuing with nil BCD on ferrous scrap and nickel cathode and concessional BCD of 2.5 per cent on copper scrap," she said. About the PM Surya Ghar Muft Bijli Yojana, which was rolled out earlier this year, he informed the House that in line with the announcement in the interim budget, PM Surya Ghar Muft Bijli Yojana has been launched to install rooftop solar plants to enable 1 crore households obtain free electricity up to 300 units every month. The scheme has generated remarkable response with more than 1.28 crore registrations and 14 lakh applications, and we will further encourage it, he stated. She further stated that a policy for promoting pumped storage projects will be brought out for electricity storage and facilitating smooth integration of the growing share of renewable energy with its variable &amp; intermittent nature in the overall energy mix. She stated that nuclear energy is expected to form a very significant part of the energy mix for Viksit Bharat. Towards that pursuit, our government will partner with the private sector for setting up Bharat Small Reactors; research &amp; development of Bharat Small Modular Reactor and research &amp; development of newer technologies for nuclear energy, she informed the House. The R&amp;D funding announced in the interim budget will be made available for this sector, she added. The development of indigenous technology for Advanced Ultra Super Critical (AUSC) <keyword id="20421620" type="General" weightage="20" keywordseo="thermal-power" source="keywords">thermal power</keyword> plants with much higher efficiency has been completed, she informed the House. A joint venture between NTPC and BHEL will set up a full-scale 800 MW commercial plant using AUSC technology and the government will provide the required fiscal support, she added. Moving forward, the development of indigenous capacity for the production of high-grade steel and other advanced metallurgy materials for these plants will result in strong spin-off benefits for the economy, she pointed out. A roadmap for moving the 'hard to abate' industries from 'energy efficiency' targets to 'emission targets' will be formulated, she stated adding that appropriate regulations for the transition of these industries from the current 'Perform, Achieve and Trade' mode to 'Indian Carbon Market' mode will be put in place. She further stated that an investment-grade energy audit of traditional micro and small industries in 60 clusters, including brass and ceramic, will be facilitated. Financial support will be provided for shifting them to cleaner forms of energy and implementation of energy efficiency measures. The scheme will be replicated in another 100 clusters in the next phase, she stated. Gaurav Kedia, Chairman, Indian Biogas Association said that the <keyword id="19908389" type="General" weightage="20" keywordseo="Union-Budget" source="keywords">Union Budget</keyword> 2024 has unveiled a roadmap towards a sustainable and resilient India, with agriculture and energy security at its core. It is anticipated that these initiatives will catalyze the growth of the biogas industry, leading to increased rural employment, reduced carbon emissions, and improved soil health, he stated. SEE ALSO:<a href="https://www.businessinsider.in/budget/news/budget-2024-25-changes-to-tax-slabs-increased-standard-deduction-and-other-changes-to-direct-taxation/articleshow/111951205.cms" target="_blank"></a> <a href="https://www.businessinsider.in/budget/news/budget-2024-25-changes-to-tax-slabs-increased-standard-deduction-and-other-changes-to-direct-taxation/articleshow/111951205.cms" target="_blank">Budget 2024-25 – Changes to tax slabs, increased standard deduction and other changes to direct taxation</a><a href="https://www.businessinsider.in/business/news/expectations-from-union-budget-2024-25-how-will-this-budget-impact-you/articleshow/111946291.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/news/expectations-from-union-budget-2024-25-how-will-this-budget-impact-you/articleshow/111946291.cms" target="_blank">Union Budget 2024-25: How will this budget impact you?</a> <a href="https://www.businessinsider.in/budget/news/budget-2024-record-allocation-of-rs-1-48-lakh-crore-for-education-employment-and-skilling/articleshow/111951228.cms">Budget 2024: Record allocation of Rs 1.48 lakh crore for education, employment and skilling!</a>

FM cuts customs duty on minerals critical for energy transition

In the ever-evolving landscape of finance, few phenomena have captured the imagination and attention of investors like <keyword id="19899404" type="General" weightage="100" keywordseo="Bitcoin" source="keywords">Bitcoin</keyword>. Whenever new-age ‘finfluencers’ hailed the arrival of this supposedly futuristic digital gold, it came crashing down like a house of cards. And as another set of ‘experts’ prepared to write the obituary for the <keyword id="12913517" type="General" weightage="20" keywordseo="crypto-bubble" source="Orion">crypto bubble</keyword>, its rollercoaster journey usually made a thunderous comeback. But the one thing Bitcoin has not done, at least in the last one and a half decades, is become irrelevant despite repeated attacks of being a scam, a bubble, or a digital tulip mania. In fact, of late, it has taken an even more legitimised position as a ‘serious’ asset as the US Securities Exchange Commission (SEC) approved the spot bitcoin exchange-traded funds (ETFs) earlier this year. “The recent approval of Bitcoin ETFs in the US has sparked a significant rally in the <keyword id="20235438" type="General" weightage="20" keywordseo="crypto-market" source="keywords">crypto market</keyword>s worldwide. This development has been closely watched in India, where the <keyword id="2721952" type="General" weightage="20" keywordseo="crypto" source="Orion">crypto</keyword> market has been experiencing a surge in interest and activity,” says Balaji Srihari, Business Head at CoinSwitch. <cmsannotation type="cmsannotation" annotationid="Doubling before halving" comment="subhead" text="Doubling before halving">Doubling before halving</cmsannotation> Bitcoin's journey has been nothing short of extraordinary. Launched in 2009 by the enigmatic Satoshi Nakamoto, its core principles – decentralisation, security, and limited supply – resonated with a growing number of investors over the past one and a half decades. Today, Bitcoin is no longer a digital outcast, with major financial institutions like BlackRock and Goldman Sachs dipping their toes into the crypto pool. Last month, Bitcoin soared to unprecedented heights again, touching an all-time high of $73,000 or ₹60.5 Lakhs on March 13. As of April 15, the digital asset stands at ₹54.4 Lakhs — 10% below its peak value. “Institutional investors made the most of the last financial year by bolstering their presence in the crypto space through different initiatives that support Fiat integration, blockchain-based solutions, as well as funds dedicated to crypto. The launch of ETFs — made possible by advocacy initiatives — ensured that the crypto market gets a strong finish with Bitcoin prices crossing its all-time high,” explains Rajagopal Menon, VP at WazirX. So, what do retail investors need to know as Bitcoin continues to redefine the notion of modern investing? Three major factors will define the path for Bitcoin in FY 2024-25: elections across major economies, ongoing geo-political conflicts, and the upcoming halving event later this week! Read: <a href="https://www.businessinsider.in/cryptocurrency/article/fervent-bitcoin-trading-approaches-fresh-supply-crunch-heres-what-this-weeks-halving-event-implies/articleshow/109310433.cms" data-type="tilCustomLink">Fervent Bitcoin trading approaches fresh supply crunch; Here’s what this week’s ‘halving’ event implies</a> The last factor has been discussed in detail in the article above, but to cut the story short, <keyword id="20575368" type="General" weightage="20" keywordseo="bitcoin-halving" source="keywords">Bitcoin halving</keyword> involves reducing the reward miners receive for validating transactions by half. This feature is hard-coded in the base protocol to control the supply with time, and it happens once every four years — and is scheduled to take place by April 20 this year. <cmsannotation type="cmsannotation" annotationid="Renewed enthusiasm in Indian crypto market" comment="subhead" text="Renewed enthusiasm in Indian crypto market">Renewed enthusiasm in <keyword id="21308792" type="General" weightage="20" keywordseo="Indian-crypto-market" source="keywords">Indian crypto market</keyword></cmsannotation> The recent surge sparked fresh enthusiasm in the market, and investors from India were not behind. India spearheaded the G20 summit and declared a crypto regulatory framework for all nations in the group to be mandated by 2025. Despite regulatory hurdles like ultra-high taxation, Indian retail investors have been flocking to the crypto market yet again, driven by the growing involvement of institutional investors and the anticipation of Bitcoin Halving. “On Coinswitch, we are seeing our best quarter in nearly two years, with higher trades and user registrations. In the first quarter of 2024 alone, our BTC trading volume surged by 220%, outpacing even our global peers,” beamed Srihari as Coinswitch became the first crypto platform to reach 2 crore users last month. Menon also forecasts a bright future for the Indian crypto market. “The next financial year will be quite promising for crypto with Bitcoin halving ensuring a surge in prices, with demand-supply dynamics being a key lever. India will witness a greater adoption rate for virtual digital assets with increased liquidity in the market. The Web3 startup funding will also see some uptick. However, it might not be as generous as the last bull run,” he says. The sharp price surge and growing retail investor interest, however, reignited the debate about Bitcoin's true nature: revolutionary asset class or a volatile gamble? <cmsannotation type="cmsannotation" annotationid="Future remains uncertain despite positive indicators" comment="subhead" text="Future remains uncertain despite positive indicators">Future remains uncertain despite positive indicators</cmsannotation> In the past, Bitcoin halving has always been followed by a sharp upward surge due to reduced supply, but this year, many other factors are at play. However, it is worth noting that almost all such rallies also coincided with larger macroeconomic trends like the European debt crisis in 2012, the crypto world seeing the initial coin offering (ICO) boom in 2016, and the COVID-19 pandemic and unprecedented quantitative easing that followed in 2020. All these events contributed to heightened interest in Bitcoin during respective years. <div type="image" title="Bitcoin" msid="109306946" hostid="261" caption="&amp;lt;p&amp;gt;Source: CoinSwitch Research&amp;lt;/p&amp;gt;"></div> This year, macroeconomic factors like dropping inflation levels, possible continuation of the governing regime, and the rise of Bitcoin-related ETFs across the globe, point to a possible surge. “Major economies like India and the USA are headed for their respective elections, which could be pivotal for their market prospects as well as Bitcoin prices. This could lead to some turbulence in prices in the crypto market. However, with the demand-supply dynamics of Bitcoin poised to undergo a major overhaul (due to halving), prices could see a significant surge. Additionally, the Fed is expected to cut interest rates by 75 bps by the end of this year, and again in the following two years, which will boost liquidity in the market. This has usually been beneficial for crypto investors who take this as a cue for flocking to assets such as crypto,” opines Menon. But the ongoing geo-political tensions can play a huge role in determining the path forward for Bitcoin. Between January and June of 2022, the Russia-Ukraine conflict was among the major factors that led to an over 50% drop in Bitcoin prices, reinforcing a crypto winter like never before. Similarly, an escalation of the Israel-Palestine-Iran conflict could trigger a broader market panic, leading investors to flee riskier assets like Bitcoin. However, the impact of the crisis is difficult to predict. With its limited supply and growing acceptance, Bitcoin could even be seen as a hedge similar to gold that investors trust as a safe-haven asset during geopolitical tensions. In such a scenario, if traditional markets falter due to the crisis, Bitcoin could see increased demand as an alternative store of value. In a Deutsche Bank survey, 52% respondents expressed belief that cryptocurrencies will become an “important asset class and method of payment transactions” in the future, compared to 40% in September 2023. However, 33% of the respondents expect Bitcoin to fall to $20,000 — less than one-third of the current levels — while only 10% believe that the prices will cross $75,000 by the end of this year. So, with Bitcoin scaling new heights and the halving looming, should you invest? The answer is, as always, be cautious! Bitcoin's recent surge and the upcoming halving create an exciting opportunity for investors with a strong stomach for volatility. However, potential investors must always consider and understand the risks involved while investing in such volatile assets and diversify investments across different asset classes to mitigate risk. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice. Also Read: <a href="https://www.businessinsider.in/cryptocurrency/article/fervent-bitcoin-trading-approaches-fresh-supply-crunch-heres-what-this-weeks-halving-event-implies/articleshow/109310433.cms" data-type="tilCustomLink">Fervent Bitcoin trading approaches fresh supply crunch; Here’s what this week’s ‘halving’ event implies</a> <a href="https://www.businessinsider.in/cryptocurrency/news/stocks-and-real-estate-will-crash-when-everything-bubble-pops-so-buy-gold-silver-and-bitcoin-says-robert-kiyosaki/articleshow/109197133.cms" data-type="tilCustomLink">Stocks and real estate will crash when 'everything bubble' pops, so buy gold, silver and bitcoin, says Robert Kiyosaki</a> <a href="https://www.businessinsider.in/cryptocurrency/news/to-the-moon-suddenly-the-crypto-market-is-back-to-its-bubble-era-peak-/articleshow/109064190.cms" data-type="tilCustomLink">To the moon! Suddenly the crypto market is back to its bubble-era peak.</a>

Bitcoin’s bizarre hike renewed enthusiasm last quarter! What does the future hold for investors?

New Delhi, The number of electric vehicle (EV) charging stations that are operating in the country has gone up to 12,146 as of February 2 this year, Minister of State for Heavy Industries, <keyword id="20219727" type="General" weightage="20" keywordseo="krishan-pal-gurjar" source="keywords">Krishan Pal Gurjar</keyword>, said in a written reply in the <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> on Tuesday. The data provided by the minister shows that Maharashtra leads with 3,079 EV charging stations followed by Delhi with 1,886, while Karnataka is at the third spot with 1,041 charging stations. The top three states are followed by: <keyword id="19896018" type="General" weightage="20" keywordseo="kerala" source="keywords">Kerala</keyword> (852), <keyword id="19896558" type="General" weightage="20" keywordseo="tamil-nadu" source="keywords">Tamil Nadu</keyword> (643), Uttar Pradesh (582), <keyword id="19898913" type="General" weightage="20" keywordseo="rajasthan" source="keywords">Rajasthan</keyword> (500), Telangana (481), Gujarat (476) and Madhya Pradesh (341), making up the top 10 list. The Ministry of Heavy Industries (MHI) has been making consistent efforts for facilitating the promotion of EVs in India. The FAME-II scheme inter-alia included financial support in the form of subsidy for setting up of public charging infrastructure to instill confidence among the EV users, the minister said. Further, the Ministry of Power has taken several initiatives to accelerate the deployment of public EV charging infrastructure in the country. The government has issued guidelines and standards for charging infrastructure, which enable the owners of EVs to charge their vehicles at their residence/office using their existing electricity connections. A revenue sharing model for provision of land at promotional rates for public charging stations has also been introduced and provision has been made for providing electricity connection to Public Charging Station (PCS) within stipulated timelines. The government has also prescribed the single part EV tariff for public charging stations, This amount cannot exceed Average Cost of Supply (ACoS) till 31.03.2025. The guidelines specify a ceiling of Rs 2.50 per unit and Rs 3.50 per unit of electricity used for slow AC charging of EVs at PCS during the solar and non-solar hours, respectively. Additionally, a ceiling limit of Rs 10 per unit and Rs 12 per unit of electricity used for DC fast charging of EVs at PCS during the solar and non-solar hours, respectively, has also been specified. Average cost of supply (ACoS) by DISCOMs to PCSs during solar hours shall have a rebate of 20 per cent and a surcharge of 20 per cent during all other times. The Green Energy Open Access Rules, 2022, has been notified with the objective of further accelerating renewable energy adoption, ensuring access to affordable, reliable, sustainable and green energy for all, the minister added.

India has 12,146 EV charging stations, Maharashtra leads, Delhi second

<ul><li>Shares of some Indian automobile companies have lost over 40% of their value since the start of the year.</li><li>Car makers have been the worst hit by the slump in demand triggered by slump in the Indian economy that has hit consumption.</li><li>The Narendra Modi government's rush to get people to move to electric cars is making business worse for makers of traditional cars that run on fossil fuels like petrol and diesel.</li></ul>Indian car makers are in dire straits. Sales have been falling for eight straight months now with no respite in sight. A weaker economy, rising unemployment and pessimism among consumers have led to a steady fall in demand for discretionary products like cars. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 The crisis has cost investors too. Share prices of car makers, which include some of the marquee names of corporate India, have lost a lot value-- some of them over 40% -- since the start of 2019. And now, there is more bad news that has taken the wind out of auto stocks like Ashok Leyland, Maruti Suzuki, Tata Motors, and M&amp;M today. <table style="width: 169pt;"> </colgroup></colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:73pt">Stock</td> <td class="xl71" style="border-left-width: initial; border-left-style: none; width: 48pt;">July 29</td> <td class="xl66" style="border-left-width: initial; border-left-style: none; width: 48pt;">Last 1 Year</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Ashok Leyland</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-3.44%</td> <td class="xl72" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-35.95%</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Maruti Suzuki</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-3.75%</td> <td class="xl72" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-40.48%</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Tata Motors</td> <td class="xl70" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-5%</td> <td class="xl72" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-45.94%</td> </tr> <tr> <td class="xl68" style="height: 15.75pt; border-top-width: initial; border-top-style: none;">M&amp;M </td> <td class="xl73" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-1.60%</td> <td class="xl74" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-39.23%</td> </tr></tbody></table> The government wants more Indians to adopt electric vehicles, and dump their old cars that run on fossil fuels like petrol and diesel. Electric cars may be better for environment but there are many concerns including the feasibility for customers and the availability of infrastructure to name a few. The government has cut the <a href="https://www.businessinsider.in/gst-council-slashes-tax-on-evs-and-ev-chargers/articleshow/70407724.cms" data-type="tilCustomLink" target="_blank">goods and services tax on electric cars</a> to less than half and <a href="https://www.businessinsider.in/union-budget-2019-indian-government-announces-tax-subsidy-for-purchasers-of-electric-vehicles/articleshow/70091003.cms" data-type="tilCustomLink" target="_blank">offered tax rebates</a> on interest paid loans taken to buy electric cars, aside from setting aside <a href="https://www.businessinsider.in/electric-vehicles-policy-under-fame-ii-offers-incentives-for-local-manufacturing-and-subsidies-for-buyers/articleshow/68314114.cms" data-type="tilCustomLink" target="_blank">a ₹100 billion earlier this year</a> to incentivise electric car manufacturing in India. 
 
 
 
 
 
 <div type="ExtQuote" text="While the EV segment is still facing challenges of limited product availability, charging infrastructure constraints and product viability issues, the government is stepping up its efforts to kick-start its adoption, and appears willing to raise the regulatory burden on conventional vehicles to incentivise the former." auname="CLSA (a global broking house)"></div>











 More bad news The Ministry of Road Transport and Highways has come up with a draft policy to promote old car owners to scrap their vehicles in exchange for free registration for a new car. However, for those who can't avail the incentive, the registration fee will rise up to 40 times. <table style="width: 321pt;"> </colgroup></colgroup> <tbody><tr> <td class="xl64" style="height:15.0pt;width:137pt">Proposed Fees</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 86pt;">New Registration</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 26pt;">Hike</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 46pt;">Renewal</td> <td class="xl66" style="border-left-width: initial; border-left-style: none; width: 26pt;">Hike</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Two-wheeler</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹1,000</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">20x</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹2,000</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">40x</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Three-wheeler</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹5,000</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">17x</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹10,000</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">33x</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Private car</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹5,000</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">8x</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹15,000</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">25x</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Taxi</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹10,000</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">10x</td> <td class="xl63" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹20,000</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">20x</td> </tr> <tr> <td class="xl69" style="height: 15.75pt; border-top-width: initial; border-top-style: none;">Medium and heavy vehicles</td> <td class="xl70" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹20,000</td> <td class="xl70" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">13x</td> <td class="xl70" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹40,000</td> <td class="xl71" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">26x</td> </tr></tbody></table>Source: <a href="https://www.rushlane.com/new-car-registration-free-12318654.html" data-type="tilCustomLink" target="_blank">Rush Lane</a> "The government also intends to increase the cost of ownership of old vehicles by raising charges for their registration renewal. We, however, believe the above policy measures will be unable to trigger much replacement demand and hence are unlikely to provide much of a boost to auto demand. First, the number of vehicles that are older than 15 years and still in active use is very limited. The owners of such vehicles will usually have limited financial capability to buy new or other vehicles in the secondary market (even if incentives are transferrable), and hence are less likely to go for this voluntary scrappage scheme," CLSA explained. Car makers have had to offer deep discounts to bring people into showrooms. These discounts are far more than the incentive available on registration renewals and yet, they have failed to revive demand for cars. The policy squeeze will be an added burden on the companies. SEE ALSO: <a href="https://www.businessinsider.in/gst-council-slashes-tax-on-evs-and-ev-chargers/articleshow/70407724.cms" data-type="tilCustomLink" target="_blank">Buy electric vehicles for less now, GST council slashes rate from 12% to 5%</a> <a href="https://www.businessinsider.in/nissan-may-lay-off-over-1700-employees-in-india/articleshow/70389996.cms" data-type="tilCustomLink" target="_blank">Nissan may lay off over 1,700 employees in India as car sales slow down</a> <a href="https://www.businessinsider.in/Top-10-electric-cars-that-people-are-excited-about/Tesla-Model-X-507990-searches/slideshow/70404198.cms" data-type="tilCustomLink" target="_blank">Top 10 electric cars that people are excited about</a>

India's push for electric vehicles is haemorrhaging car makers

<ul><li><keyword id="6354427" type="General" weightage="100" keywordseo="apple" source="Orion">Apple</keyword> has announced new <keyword id="115504" type="General" weightage="50" keywordseo="app-store" source="Orion">App Store</keyword> rules that allow developers to charge more without your permission.</li><li>The revised rules allow developers to increase the prices or subscriptions without your permission.</li><li>Apple has announced certain conditions that need to be satisfied for this to work.</li></ul>Apple has <a href="https://developer.apple.com/news/?id=tpgp89cl&amp;1652741582">announced</a> a new subscription policy as part of the new App Store rules. The major change is the update to auto renewal of subscriptions, which will enable developers to charge more without asking you. Currently, when a developer revises the price of a subscription, customers who are already subscribed are informed about it via email, push notifications, and in-app messages. Customers who wish to continue are required to opt-in before the revised price is applied. The subscription is not renewed if customers do not opt-in for the new price, saving money for users who might miss the messages or emails sent by the company or the developer. Apple has claimed that this has resulted in services being “unintentionally interrupted” for users and they are forced to re-subscribe. As part of the new subscription policy, under certain conditions and with advance notice to users, developers will be able to increase the price of auto-renewable subscriptions without asking the user or taking their consent. The conditions listed for this by Apple are – <ul><li>The price increase shouldn’t occur more than once per year. </li><li>The price increase shouldn’t exceed $5 or 50% of the subscription price. </li><li>For annual subscriptions, the price increase shouldn’t exceed $50 or 50% of the subscription price. </li><li>The price increase should be permissible by local law. </li></ul>Apple will inform users about the increased prices through email, a notification and in-app messages. Users will only have to act if they do not wish to continue the subscription. Users will still be able to cancel their subscriptions if they are not okay with the increased prices. The new subscription policy has no effect on the user’s ability to view, manage and cancel subscriptions. Do note that if the above conditions are not satisfied, the consent of the user will be required to auto-renew the subscription at increased prices. We feel it would have been better to allow users to opt-in for the new subscription policy as some users might miss the notifications about increased prices sent by Apple and end up paying more than what they agreed to while starting the subscription. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/twitter-chief-says-the-company-suspends-over-half-a-million-spam-accounts-each-day-as-elon-musk-puts-his-acquisition-deal-on-hold/articleshow/91609899.cms">Twitter chief says the company suspends over half a million spam accounts each day as Elon Musk puts his acquisition deal on hold</a> <a href="https://www.businessinsider.in/tech/enterprise/news/sony-announced-the-upcoming-playstation-plus-games-lineup-for-india/articleshow/91610565.cms">Sony announced the upcoming PlayStation Plus games lineup for India - here’s the complete list</a> <a href="https://www.businessinsider.in/tech/news/netflix-reportedly-plans-to-keep-some-movies-in-theaters-for-longer-before-streaming-including-its-upcoming-knives-out-sequel/articleshow/91605493.cms">Netflix reportedly plans to keep some movies in theaters for longer before streaming, including its upcoming 'Knives Out' sequel</a>

Apple’s new subscription policy allows developers to charge you more money without your permission

<keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>'s world record beating <keyword id="19900794" type="General" weightage="20" keywordseo="economic-growth" source="keywords">economic growth</keyword> rate together with robust tax revenues, a fast expanding digital and financial <keyword id="19916864" type="General" weightage="20" keywordseo="infrastructure" source="keywords">infrastructure</keyword> and a strong manufacturing sector will give the new <keyword id="19900449" type="General" weightage="20" keywordseo="government" source="keywords">government</keyword> a base for unleashing next generation <keyword id="19900768" type="General" weightage="20" keywordseo="reforms" source="keywords">reforms</keyword> that may make the country a <keyword id="19953418" type="General" weightage="100" keywordseo="developed-nation" source="keywords">developed nation</keyword> by 2047. The new government will however have to tackle with problems like unemployment and rural distress, which seemed to have played a major role in voting pattern in states like Uttar Pradesh, while also keeping inflation under control. Given that no party, including BJP, have a clear majority of its own, tough reforms like big ticket privatisation and labour law reforms may take a backseat. As per the available trends, BJP is likely to win about 240 seats in a 543- member <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword>. It would have to rely on its allies like TDP and JDU to form the next government. The new government will have to build upon the 8.2 per cent <keyword id="19972825" type="General" weightage="20" keywordseo="GDP-growth" source="keywords">GDP growth</keyword> recorded in 2023-24 and carry on with the reforms to make India a USD 5 trillion economy in the next couple of years and a developed nation by 2047. Policy experts are unanimous in their view that the government is likely to continue its focus on infrastructure-led growth, investor-friendly policies, enabling reforms, and facilitating ease of doing business. Last week, <keyword id="20070868" type="General" weightage="20" keywordseo="SP-Global-Ratings" source="keywords" meta.keywordsubtype="org" meta.entityname="S&amp;P Global Ratings" meta.hostid="261" meta.entityid="S&amp;P Global Ratings">S&amp;P Global Ratings</keyword> had said that historically India has been on a high growth path with national consensus on key economic policies. "No matter who the incoming government is, the pro-growth policies, sustained infrastructure investments, the drive to reduce fiscal deficit -- these things have produced very good outcomes and we believe this will continue in the coming years no matter who is in charge," S&amp;P Global Ratings Analyst YeeFarn Phua said. EY India Chief policy advisor DK Srivastava said the Aatmanirbhar strategy, especially focusing on knowledge intensive employment generating and strategic manufacturing, will serve India well in the long run while providing scope for increasing both services and goods exports. "The new government will find a solid foundation of the economy, ready to take off with the objective of fulfilling India's aim of becoming 'viksit' in the next 25 years," Srivastava said. Under the Modi government's 10-year tenure India has become the fifth largest economy, from 11th globally, shaking off its image as a "fragile" economy prior to 2014. The new government will have its eyes set on taking India among the top three economies in the world. The target is "more likely" to be realised by 2027-28 fiscal, according to 16th Finance Commission Chairman Arvind Panagariya. Currently, the size of the Indian economy is USD 3.7 trillion and it is expected to become USD 7 trillion by 2030. RBI has projected a 7 per cent growth rate for the current fiscal. Deloitte South Asia CEO Romal Shetty said India is firmly on the growth trajectory as the world's fastest-growing economy and a key player in the global supply chain. "With the new government, we expect second-generation reforms driven by technology to make India a global hub of innovation and a thriving digital economy. We must further accelerate reforms to strengthen ease of doing business, boost inbound investment, and solidify India's position as the top destination for GCCs (global capability centres) and high-tech manufacturing, with a focus on jobs," Shetty said. In fact, reflecting the buoyant sentiments S&amp;P Global Ratings last week upgraded India's outlook to positive, from stable, and said it could upgrade India's sovereign rating in next 1-2 years if the government continues reforms and adheres to the path of fiscal consolidation. Last week, Moody's Ratings also said it expects policy continuity after the general election and continued focus on infrastructure development. Nangia Andersen India Chairman Rakesh Nangia said the investors' community expects continued policy reforms, particularly in labour laws and the privatization of state-owned enterprises. "Investors are also keen on prudent fiscal management, focusing on reducing the fiscal deficit while promoting growth through strategic investments. This combination of reforms and fiscal discipline is expected to create a favourable environment for sustained economic growth and increased investor confidence," Nangia said. Nangia further said that investors are also eager to see a further simplification of India's regulatory framework, more transparent and predictable policies that can enhance the ease of doing business. "This regulatory clarity is crucial for attracting more Foreign Direct Investment (<keyword id="19946824" type="General" weightage="20" keywordseo="FDI" source="keywords">FDI</keyword>) and positioning India as a key manufacturing hub driven by supply chain diversification. In recent years, there has been substantial FDI inflow into sectors such as manufacturing, computer services, and renewable energy, reflecting India's growing appeal as a destination for global investment," Nangia said.

New govt to inherit strong economy, focus on making India developed nation by 2047

One thing that the entire country is worried about today is rising fuel prices that are burning a hole in our pockets. <div type="image" title="Simpson meme" msid="91155009" hostid="261"></div> The price of crude oil, which is used to make petrol and diesel, shot up after Russia – one of the major oil-producing countries – went onto the battlefield with Ukraine. India currently imports <a href="https://www.businessinsider.in/finance/news/crude-oil-surges-significantly-to-109-per-barrel-as-countries-look-for-options-other-than-russia/articleshow/89936843.cms">85% of its oil demand </a>and the rise in crude oil prices directly increases import bill and expenses. And crude oil prices have increased more than 50% in the last one year <a href="https://www.businessinsider.in/finance/news/crude-oil-surges-significantly-to-109-per-barrel-as-countries-look-for-options-other-than-russia/articleshow/89936843.cms">to $100 from $60 a year </a>ago. This ever-increasing demand for fuel and dependency on imported crude oil for domestic needs has made us wonder if there's an alternative solution to this problem. Yes, there is! <keyword id="169046" type="General" weightage="100" keywordseo="hydrogen" source="Orion">Hydrogen</keyword>. What is hydrogen and can it be used as a fuel? Hydrogen is a <keyword id="154273" type="General" weightage="20" keywordseo="clean-energy" source="Orion">clean energy</keyword> alternative and can be made directly from fossil fuels or biomass, or it can be produced by passing electricity through water. <keyword id="8411893" type="General" weightage="80" keywordseo="green-hydrogen" source="Orion">Green hydrogen</keyword> (GH2) can be generated by breaking water (H20) into hydrogen and oxygen through the electrolysis of water. An electrical current is used to separate hydrogen from oxygen in water and it is extracted without generating any net carbon emissions. This also means that the energy created from hydrogen does not release toxic carbon dioxide, which makes it one of many potential energy sources that could help reduce carbon emissions and slow global warming. <div type="image" title="The process of producing Green Hydrogen" msid="91155052" hostid="261"></div> This green fuel can be utilised as a source of energy in transport, electricity production, and industry activity. It can power anything that uses electricity including electric vehicles and electronic devices. It can also be used as a <a href="https://telanganatoday.com/what-exactly-is-green-hydrogen-and-will-it-be-the-fuel-of-the-future">substitute </a>for natural gas for cooking and heating within homes. If the electricity needed for electrolysis is generated from renewable sources such as solar or wind, the production of green hydrogen does not emit any harmful gases unlike coal and oil. It only emits water vapour. Hydrogen is also the most <a href="https://www.precedenceresearch.com/green-hydrogen-market">abundant </a>element on the planet and offers tremendous promise for innovation. Hence, this is the most eco-friendly way of producing fuel. This is why different countries are rushing to include green hydrogen in their clean energy initiatives. Government bodies around the world have been investing time and money for research into this sustainable source of energy. And India has also taken some steps towards clean energy. According to market research and consulting organisation Precedence <a href="https://www.precedenceresearch.com/green-hydrogen-market">Research</a>, the global green hydrogen market was valued at $1.83 billion in 2021 and is expected to hit over US $89.18 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 54% from 2021 to 2030. The report goes on to say that the Asia-Pacific region is the <a href="https://www.globenewswire.com/news-release/2022/01/11/2364715/0/en/Green-Hydrogen-Market-Size-to-Surpass-US-89-18-Bn-by-2030.html">fastest </a>growing region in the green hydrogen market. <div type="image" title="Growth expectation for global hydrogen market" msid="91155036" hostid="261"></div> Not to forget, Prime Minister Narendra Modi had announced the <a href="https://www.business-standard.com/article/economy-policy/india-can-be-global-hub-of-green-hydrogen-says-pm-narendra-modi-122030401489_1.html">Green </a>Hydrogen Policy and this target of becoming net zero carbon emission by 2070, earlier this year, with the goal of making India a "green hydrogen hub," or a prominent producer and exporter of "green hydrogen." The government policy is aimed at boosting green hydrogen production in the country, which can also reduce India’s dependence on importing over 80% of the oil and gas requirements. The policy focuses on increasing dependency on cleaner forms of energy and abandoning fossil fuels. The policy says green hydrogen and green ammonia is one of the major requirements for reduction of emissions. The government believes hydrogen can play a huge role in shifting to clean energy. It allows companies to easily set up the capacity to generate electricity from renewable sources such as solar or wind anywhere in the country. The government is also planning to bring a production-linked incentive (PLI) scheme for manufacturing electrolysers for producing green hydrogen. Large companies like <keyword id="6355199" type="General" weightage="50" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> Limited (RIL), Adani Group, Larsen &amp; Toubro (L&amp;T) with multiple factories that release several forms of chemicals in some way or another will take advantage of the policy. In fact, they have laid out a roadmap already to enter the green hydrogen market. Huge conglomerates like RIL have their own emission target of achieving net zero carbon emissions by 2035. In June 2021, RIL had also said that it is planning to invest <a href="https://www.forbes.com/sites/yessarrosendar/2022/01/14/indian-billionaire-mukesh-ambanis-reliance-industries-to-invest-80-billion-in-renewable-energy-push/?sh=57ca8f7d7a2f">$10 billion</a> in <keyword id="34553" type="General" weightage="20" keywordseo="renewable-energy" source="Orion">renewable energy</keyword>. To help make Gujarat net-zero carbon, Reliance proposes to invest $67.4 billion in the state over 10 to 15 years to set up a 100 gigawatt renewable energy power plant and green hydrogen ecosystem development. <ul><li>Reliance Industries has announced to produce green hydrogen and also make an electrolyser factory to manufacture green energy.</li><li>Larsen &amp; Toubro announced plans to manufacture hydrogen electrolysers in India. Recently, it entered into a pact with the Indian Institute of Technology (IIT), Bombay to carry out a joint research and develop the green hydrogen technology.</li><li>Indian Oil Corp, one of the largest fossil fuel retailers, also announced its plans to build a green hydrogen plant at its Mathura refinery in Uttar Pradesh.</li><li>GAIL plans to build India's largest green hydrogen-making plant as it looks to supplement its natural gas business with carbon-free fuel.</li><li>NTPC also plans to produce green hydrogen.</li></ul>The policy allows 25 years of free inter-state power transmission for any new renewable energy plants that produce green hydrogen for projects commissioned before June 30, 2025. This means that a green hydrogen producer will be able to set up a solar power plant and supply in states and not pay any inter-state transmission charges. Currently, green hydrogen technology is still at the stage of emergence. The country has to overcome a few barriers such as price, storage, and logistics, to ensure a smooth transition towards the green hydrogen ecosystem. Here’s an explainer video about everything green hydrogen, challenges that the world currently faces to store GH2, positives from India's <keyword id="13040691" type="General" weightage="50" keywordseo="green-hydrogen-policy" source="Orion">Green Hydrogen policy</keyword> and five stocks that will benefit from it. <div type="image" title="Everything green hydrogen" msid="91155096" hostid="261"></div>

SIMPLY PUT: Everything you need to know about green hydrogen and India’s new policy around it

<ul><li>Mid and <keyword id="20977709" type="General" weightage="20" keywordseo="small-cap-stocks" source="keywords">small cap stocks</keyword> are the best representatives of a growing and changing India says <keyword id="20481613" type="General" weightage="20" keywordseo="LIC-MF" source="keywords">LIC MF</keyword>'s <keyword id="21278424" type="General" weightage="20" keywordseo="equity-head" source="keywords">equity head</keyword>.</li><li>‘Some small caps are overly valued, but investors with a three-year horizon can make money’.</li></ul>Fear of froth has hit two of the most rewarding classes of stocks since last month — mid and small caps. <keyword id="21278423" type="General" weightage="20" keywordseo="Yogesh-Patil" source="keywords">Yogesh Patil</keyword>, head of equity at LIC Mutual Fund advises investors to keep a slightly long-term horizon, pick stocks carefully and hold on to good companies to generate solid returns. In an interview with Business Insider India, Patil said mid and small cap stocks can’t be ignored as they are best representative of a growing and changing India. “Nifty is not representative of the Indian economy. Core manufacturing is not present in the index, which too largely veers towards engineering, procurement and construction (EPC),” he says. On the other hand, many industry-leading companies in power, capital goods and manufacturing space are classified as mid and small-cap companies. Like CG Power, Hitachi, GE T&amp;D, Bharaj Bijli etc. Blue Dart too, despite being an industry leader in air cargo, is a small-cap company. “A lot of industry-leading companies in auto ancillaries are mid and small cap companies,” Patil says. A lot of consumption themes like travel-related business be it portals, luggage companies, or hotels are also covered in mid and small cap indices. Vocal for local Between 2002-08, there was a huge capex cycle driven by the power sector. However, back then, companies were importing equipment from abroad. This time around the benefits are flowing to Indian manufacturers. “Most of the capex is driven by power (renewable and coal), followed by defence, railways, data centres and Production Linked Incentive-related capex,” he adds Small caps also represent turbine companies, apart from railways, defence companies and other themes like PLI schemes. The government’s thrust on local manufacturing is adding to the order books of these companies. “Indian companies’ addressable market has increased globally and domestically. After Covid, many people want to change vendors due to China+1 or cultural issues,” says Patil. While few of the top listed companies are making investments, mid and small cap stocks have been making capex investments. As per a report by the Bank of Baroda, the investment announcements in the manufacturing sector have made investment announcements to the tune of ₹11 lakh crore in FY24, with chemicals leading the growth. The electricity sector’s announcements are at ₹8.98 crore and services are at ₹6.6 lakh crore with transport services making up for a lot of it. Are valuations frothy? Due to strong fundamentals, a lot of investors are betting on mid and small cap stocks. Even after the recent fall, the Nifty 500 has given 40% returns in the last one year. Nifty Small Cap 100 also gave 76% returns. The bull run that markets in general saw in 2023, has seen good retail investor participation, both directly and indirectly (via mutual funds). The exuberance has brought back fears of over-valuation and these stocks running ahead of consensus. Small cap stocks in particular are amongst the first to fall, and slow to recoup, unlike their ‘bigger peers’. Low liquidity and free float hit these stocks. “Some small caps are highly valued but show promising growth. Investors with a three-year horizon can make money, One needs to choose the bucket and pick stocks. It’s not exactly beta, you need to generate alpha,” says Patil. Investing in small and mid caps is a volatile journey, and investors must not be swayed by short-term returns, he advises. He also says that rewards lie in risk-taking ability. Investors who are willing to risk more can earn more. ‘MF investors are not panicking’ Mutual fund investors have been bullish on mid and small cap schemes. As of FY24 until February, mutual funds net inflow into mid and small cap funds were over ₹21,000 crores and ₹40,000 crores respectively, as per the Association of Mutual Funds in India (AMFI). In mid-March, markets regulator SEBI asked mutual fund houses to come up with a policy to protect investor interests. The idea behind AMFI's stress test, initiated by SEBI, is to instil resilience within mutual funds against various adverse scenarios. The stress test tells if a certain class of funds are going through very high valuations, and if their valuations fall, how will fund managers sell the portfolio to pay off the investors. Subsequent to releasing stress test data, most mutual funds tweaked exit load rules to discourage early redemptions. An exit load is the fee charged by mutual funds when investors leave a scheme. In spite of these developments, MF investors are holding still, insists Patil. "Over the past decade, a vast majority of mutual fund investors have reaped significant benefits. Enhanced transparency and strict regulations have bolstered investor confidence in mutual fund investments, prompting increased participation in this financial vehicle,” he says. Moreso, with more women participation in the workforce, there is ‘room’ within household budgets for equity investments and there is a long-term case of mutual funds and equities, the market expert says. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

You Searched For "registration renewal charges in India" and got 13 results

FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US

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Hindenburg target SEBI chief, she calls charges baseless, Adani says no commercial relationship with SEBI head

PTI

Free solar electricity to mobile nuclear plants — major sustainability initiatives announced in Budget 2024!

Ankush Banerjee

FM cuts customs duty on minerals critical for energy transition

PTI

Bitcoin’s bizarre hike renewed enthusiasm last quarter! What does the future hold for investors?

Deekshith Pinto

India has 12,146 EV charging stations, Maharashtra leads, Delhi second

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India's push for electric vehicles is haemorrhaging car makers

Sriram Iyer

Apple’s new subscription policy allows developers to charge you more money without your permission

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New govt to inherit strong economy, focus on making India developed nation by 2047

PTI

SIMPLY PUT: Everything you need to know about green hydrogen and India’s new policy around it

India's growth story lies in mid and small caps: Yogesh Patil of LIC MF

Katya Naidu

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