Thursday, August 13
Union Budget 2026: Power Minister Manohar Lal on Monday said the Electricity Amendment Bill is likely to be introduced in the upcoming Budget session of Parliament.The bill seeks to bring reforms in the power sector and ensure the profitability of debt-ridden power distribution companies.The minister made these remarks on the sidelines of the inauguration of the IIT-Delhi-CERC-Grid India Centre of Excellence in the national capital.On Sunday, the power ministry said that power distribution utilities have jointly recorded a profit of Rs 2,701 crore in FY25 after having incurred losses for several years.However, about 50 discoms are still in losses, the ministry said.On strategies to make all discoms profitable, Lal said, "In the next Budget session, we are bringing amendments to the Electri
Chart patterns across timeframes reflect indecision and rising volatility, suggesting exhaustion of the recent corrective phase rather than a clear trend reversal. Analysts see a decisive close above 25,880–25,900 zone as key to reviving upside momentum, while a break below 25,400–25,500 may deepen near-term weakness.NAGARAJ SHETTI SENIOR TECHNICAL RESEARCH ANALYST, HDFC SECURITIESWhere is the Nifty headed? Nifty attempted to sustain higher levels on Friday but selling pressure near 25,900 stymied the recovery attempt. The index remains rangebound between 25,900– 26,000 on the upside and 25,500 on the downside. On weekly chart, Nifty formed a high-wave type bull candle, reflecting continued volatility after last week’s sharp weakness. The broader trend remains choppy. A decisive mo
ET Intelligence Group: The consolidated operating margin before depreciation and amortisation (EBITDA margin) of Reliance Industries (RIL) crossed double digits for the first time in seven quarters aided by strong performance from its oil-to-chemicals (O2C) division amid higher realisation and domestic sales of fuel products. This partially offset the weakness in the retail segment due to a shift in the festive season in 2025 to the second quarter compared with the previous year. The RJio business which hosts the group's telecom division reported double-digit top line growth, driven by net subscriber addition and improved average revenue per user (ARPU). The company is setting up a fully integrated battery manufacturing facility, spanning the entire value chain from cell packs to containe
Weeks after its market value rose above £200 billion ($268 billion) for the first time in its history, HSBC Holdings Plc is now on course for a capitalization in excess of £300 billion, according to the head of the lender’s corporate and investment banking arm.Despite a backdrop of brewing geopolitical crises, Michael Roberts said in an interview that Europe’s largest bank would likely get even bigger and held out the prospect of a more than 50% advance in the company’s shares, which are currently trading around all-time highs.“From 200 [billion pounds] to where we are today...to get to 300 is certainly within reach,” Roberts, chief executive officer of HSBC’s corporate and institutional banking told Bloomberg Television’s Francine Lacqua at the World Economic Forum in Davo
