In early trade on April 18, the share price of Power Grid Corporation of India surged by nearly 4 percent following the company’s successful bid in tariff-based competitive bidding for establishing inter-State transmission systems. These projects will be executed on a build, own, operate, and transfer (BOOT) basis. The bid for transmission projects in Rajasthan and Gujarat....
Days before his scheduled meeting with Prime Minister Narendra Modi in India, Elon Musk’s satellite internet venture Starlink has received an in-principle approval from the telecom ministry. This approval clears a critical hurdle that the venture has been facing for almost three-and-a-half years. The approval process is now at the desk of communications minister Ashwini Vaishnaw, awaiting final vetting by the...
Stock markets took a beating on Monday with benchmark Sensex and Nifty tumbling over 1 per cent as escalating conflict in the West Asia and weak trends from global markets unnerved investors. Falling for the second session in a row, the 30-share BSE Sensex tanked 845.12 points or 1.14 per cent to settle at a...
Tesla Inc. chief Elon Musk’s much-awaited India visit will last around 48 hours during which the billionaire will make mega announcements, including plans to start Starlink services in India, sources told CNBC-TV18 on April 12. The channel reported that Musk will be in India on April 21 and 22 and the Tesla CEO and his team will...
In what could be the government’s largest-ever purchase of indigenously-built military equipment, the Ministry of Defence (MoD) has issued Hindustan Aeronautics Ltd (HAL) a request for proposal (RfP) for 97 Tejas Mark 1A fighter aircraft. A HAL spokesperson has confirmed that the defence public-sector undertaking (DPSU) has been given three months to respond to the MoD’s...
In the run-up to the bitcoin halving event, bitcoin prices regained $70,000 on Thursday in the international crypto markets. The most popular crypto token traded around $70,600, rising 4.5 per cent in the past 24 hours. Meanwhile, ethereum rose 3.4 per cent to trade at $3,552, Binance Coin rose 4.5 per cent to trade at $604, Solana spiked 6.26...
The domestic share market witnessed healthy buying across sectors on Wednesday, April 10, despite mixed global cues as investors awaited the US inflation numbers, due later today, to get cues on the US Fed interest rate trajectory. Indian stock market benchmark the Sensex closed above the 75,000 mark for the first time while the Nifty...
Just a day after India’s stock market reached Rs 400 trillion in combined market capitalisation of all BSE-listed firms, the Sensex hit the 75,000-mark for the first time on April 9. NSE Nifty 50 also rose above 22,750 to hit a new high. The Sensex was up 382 points at 75,124.28 at open. The latest...
Domestic benchmark indices Sensex and Nifty scaled fresh all-time highs on Tuesday led by buying action in IT and auto stocks. The BSE Sensex topped the 75,000 mark for the first time while its broader counterpart Nifty50 topped the 22,750 level. With the Q4 earnings season beginning this week, investors will be keenly eyeing that...
Vistara announced on Sunday that it will be cancelling 10 per cent of its daily flights in April to provide a ‘much-needed buffer’ in pilot rosters. The airline typically operates about 350 flights daily. Since April 1, Vistara has been compelled to cancel over 150 flights, reportedly due to a specific faction of pilots unexpectedly...