MUMBAI: Torrent Power is buying L&T’s coal-fired power plant in Punjab in a Rs 6,889-crore enterprise value deal, marking its entry into northern India’s fast-growing power market. The acquisition includes Rs 3,661 crore in upfront cash, while Torrent will also take on Rs 3,228 crore of Nabha Power’s debt.Nabha Power runs a 1,400MW thermal plant…
Russia’s Ministry of Finance has estimated the country’s daily cryptocurrency turnover at 50 billion rubles, or roughly $650 million, with annual activity exceeding 10 trillion rubles, around $130.5 billion. The figures were shared by Deputy Finance Minister Ivan Chebeskov at the Alfa Talk conference, highlighting the growing scale of unregulated crypto use in the country,…
India-US Trade Deal: US President Donald Trump and Prime Minister Narendra Modi NEW DELHI: As an Indian team heads to Washington to finalise the legal text for the interim trade agreement, which is sought to be signed by March, officials on Monday said that govt had offered quotas in most agricultural goods, where duty is…
NEW DELHI: The rupee fell 8 paise to settle at 90.74 against the US dollar on Monday, weighed down by a strong American currency and foreign fund outflows. According to forex traders, lower crude oil prices and positive domestic equity markets capped a sharp fall in the Indian currency. On Friday, the rupee depreciated 5…
Emmanuel Macron; Narendra Modi NEW DELHI: India and France will look to further upgrade their defence, trade and technology ties as PM Narendra Modi hosts French President Emmanuel Macron for a bilateral meeting in Mumbai on Tuesday. During his three-day visit to India, Macron will also participate in the AI summit in Delhi on Thursday.Official…
NEW DELHI: AI could either amplify India’s demographic advantage or weaken it, depending on the choices made now, chief economic adviser V Anantha Nageswaran said on Monday, calling for coordinated national action. Speaking virtually at AI Impact Summit during a session on ‘Employability in the AI age’, Nageswaran said technological adoption must be deliberately aligned…
HONG KONG — Oleg Ogienko, A7A5’s director for Regulatory and Overseas Affairs, is looking to debate anyone who accuses him of breaking any compliance laws through his stablecoin company. Speaking to CoinDesk during Consensus Hong Kong, the public face of the Ruble-denominated stablecoin issuer A7A5 — which grew faster last year than USDT or USDC…
Mani Shankar Aiyar (File Photo) NEW DELHI: After Congress dissociated itself from Mani Shankar Aiyar following his prediction that the rival Left front will win in Kerala elections, the veteran hit back on Monday saying he remains with the party even as ‘friends of Rahul Gandhi’ have left for other parties. The issue flared up…
Digital asset venture capital company Animoca Brands has won regulatory approval in Dubai. Animoca has been granted a Virtual Asset Service Provider (VASP) license from the Emirate’s regulatory authority for the digital asset industry, the firm announced via email on Monday. The Hong Kong-headquartered company, which won in-principle approval as a regulated fund manager in…
NEW DELHI: The Central Board of Secondary Education (CBSE) has clarified it will be mandatory for all Class X students to appear in the first board examination under the new two-board exam system to be rolled out from 2026. Students who fail to appear in at least three subjects in the first exam will be…
