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CHENNAI: JSW MG Motor India, the joint venture between JSW Group and China’s SAIC Motor, is gearing up for a decisive expansion in India with a planned investment of Rs 3,000 to Rs 4,000 crore and an aggressive product offensive lined up for 2026. The country’s second-largest electric car maker by volume is sharpening its…
MUMBAI: Strong buying in a host of bank stocks and Reliance Industries lifted the Sensex by 650 points on Monday to close at 83,277 points. However, nearly a Rs 1,000-crore net selling by foreign funds raised doubts about the sustainability of the rally. IT stocks had been under pressure over the past few sessions amid…
MUMBAI: Currency in circulation (CiC) touched a record Rs 40 lakh crore in Jan, rising 11.1% year-on-year, even as its share in the economy declined. The cash-to-GDP ratio eased to around 11.2%, down sharply from the pandemic peak of 14.4% in March 2021, signalling digital payments are financing a growing share of economic activity despite…
NEW DELHI: Trade deficit widened to a three-month high of $34.6 billion in Jan as gold and silver shipments pushed up the import bill, while exports remained flat on a sharp fall in goods consignments to the US.India’s imports rose 19.1%, the highest since last April, to $71.2 billion – the second highest for any…
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…
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…