Wednesday, September 23
India has achieved 50 per cent non-fossil fuel-based power generation capacity of 242.8 GW out of the total 484.8 GW installed capacity, five years ahead of its 2030 target, Union New & Renewable Energy Minister Pralhad Joshi said on Monday.This assumes significance in view of India's commitment at international fora to increased non-fossil fuel-based power generation in the country. India has set an ambitious target of having 500 GW of renewable energy-based electricity generation by 2030."Under the visionary leadership of Hon'ble Prime Minister Shri @narendrmodi ji, a major climate commitment has been fulfilled. India's total installed power capacity now stands at 484.8 GW, with 242.8 GW coming from non-fossil fuel sources -- a powerful testament to our green progress. This is not ju
Singapore investment fund Temasek is building on its investment strategy in India with a focus on building scalable, regionally strong, and specialty-driven platforms across the healthcare delivery spectrum. The fund is deploying capital through both organic growth and bolt-on acquisitions, with a long-term view centered on accessibility, affordability, and high-quality care, according to a senior executive.Last week, Temasek backed Manipal Hospitals acquired Sahyadri Group outbidding rival hospital chains and PE firms. “Our focus is to back platforms that can deliver healthcare at scale across India. The recent acquisition of the Sahyadri Group in Pune fits right into that,” Ravi Lambah, Head of India at Temasek told ET.With this acquisition, Manipal Hospitals expanded its footprint s
The Nifty slipped below key averages last week, with analysts flagging a cautious short-term outlook amid weak global cues, disappointing earnings, and reduced activity post Sebi’s Jane Street ban. While 25,000 is emerging as a key support, a rebound depends on reclaiming 25,400. FMCG, power, insurance, and railway stocks are showing relative strength. 122426010JATIN GEDIA TECHNICAL RESEARCH ANALYST, MIRAE ASSET SHAREKHANWhere is the Nifty headed this week? The Nifty has closed below the 20-day moving average (25,265), suggesting weakness. It is now approaching the support cluster of 25,088–25,000, which coincides with the 50% Fibonacci retracement level of the 24,508–25,668 rally and the 40-day exponential moving average (25,018). The hourly momentum indicator RSI has slipped below
Mumbai: Volumes on India's thriving futures and options dropped nearly a fifth last week after Securities and Exchange Board of India's (Sebi) ban on New-York-based quantitative trading firm Jane Street for alleged market manipulation. The recovery to the recent peak in trading activity may not happen immediately, which may squeeze exchanges' earnings. The daily average turnover in index options trade on the NSE, which commands the majority in derivatives trading volumes in India, declined by nearly 17.4% last week from previous week."The recent dip in options turnover is likely due to the exit of a large market-making participant, which has impacted market liquidity and efficiency," said Vaibhav Sanghavi, CEO, ASK Hedge Solutions.Sebi's interim, ex-parte order probed into alleged index ma
