KOLKATA: A comparatively cool summer has helped the state-run discom, West Bengal State Electricity Distribution Company Ltd (WBSEDCL), save between Rs 600 crore and Rs 700 crore through the season this year compared to the past three years.According to an official, the discom saved Rs 150 crore-200 crore in power purchases, having bought 500-700MW on…
MUMBAI: In an anticipated move, trustees of Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT) approved reappointment of trustee and vice-chairman Venu Srinivasan for life on Monday, setting aside recent differences over governance issues.The decision follows reappointment of trustee and chairman Noel Tata in Jan 2025, with no limits on his tenure….
File photo: US President Donald Trump with Argentina’s President Javier Milei (Picture credit: AP) Argentina’s central bank on Monday formalised a $20 billion currency swap agreement with the United States in a move aimed at “contributing to Argentina’s economic stability,” the bank said in a statement. The accord, backed by the administration of US President…
The Indian economy has demonstrated resilience despite global uncertainty and weak external demand, supported by “strong and durable macroeconomic fundamentals,” according to the Reserve Bank of India’s (RBI) October bulletin released on Monday. The bulletin’s article on the ‘State of the Economy’ highlighted that India’s growth momentum continues, with signs of revival in urban demand…
Global brokerage Goldman Sachs has turned optimistic on Indian banking stocks, saying improving financial conditions, low earnings expectations, and attractive valuations position the sector for a strong comeback.As per ET, the firm expects the Nifty Bank index to outperform the broader market, projecting up to 30% upside for banks and non-banking financial companies (NBFCs). Easier…
The government has rolled out a new digital system for foreign nationals entering India. Beginning October 1, 2025, travellers can now submit an electronic arrival form instead of the traditional paper card. The initiative aims to simplify entry formalities, improve efficiency at airports, and enhance data accuracy. As per ET, the e-arrival card is part…
From last Diwali to now, Gold has surged 64%, silver 85%, while Nifty 50 delivered only 6.5%, making it a clear win for precious metals. (AI image) The big question for investors on Diwali is what asset class should they bet on – gold or stocks? Gold and silver prices have been hitting new lifetime…
India is rapidly establishing itself as a global leader in services exports, with a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports, which grew at 9.8 per cent, said National Stock Exchange (NSE) officials. According to news agency PTI, NSE chief economist Tirthankar Patnaik said, “India…
The European Union has agreed to phase out its remaining gas imports from Russia by the end of 2027, a move aimed at ending its long-standing energy dependence on Moscow.The decision was taken by EU energy ministers during a meeting in Luxembourg on Monday, who approved a plan by the European Commission to gradually eliminate…
Several UK businesses are viewing the India-UK Free Trade Agreement (FTA) as a “game-changer”, accelerating expansion plans and prompting many firms without a presence in India to enter the market, according to a new report by Grant Thornton.The ‘International Business Report’ (IBR) found that 72 per cent of UK firms now consider India a key…
