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…
The United States is observing Presidents Day on Monday, Feb. 16, a federal holiday honouring the country’s presidents, especially George Washington. As Americans mark the occasion, one of the common question is what services, like Banking, etc., remain open and what’s shutdown.Since Presidents Day is one of the official federal holidays in the US, several…
Technically, MCX Gold on the daily chart continues to maintain a broader bullish bias despite the recent pullback. (AI image) Gold price prediction today: Gold prices have pulled back from recent highs, but there is an underlying bullish bias, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Below is his…
Top stocks to buy (AI image) Stock market recommendations: Arvind, and Bajaj Finance are the top stock picks by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities for the week starting February 16, 2026. He also shares his views and outlook on Nifty, Bank Nifty:Index View: NiftyLast week, the Nifty once again struggled…
IT stocks have taken a massive hit, losing over Rs 6 lakh crore in market value across eight sessions, with the Nifty IT index dropping more than 8 per cent. The sell-off stems from fears that AI could automate core IT services like application development, maintenance, and testing – the backbone of Indian IT companies’…
There are several changes in the draft income tax rules that impact the way you pay income tax. (AI image) Draft Income Tax Rules 2026: The Income Tax Department has released a new set of draft income tax rules, which once finalised, will be applicable for financial year 2026-27. There are several changes in the…
India’s wholesale prices jumped 1.81 per cent in January 2024 compared to last year, marking the highest increase in 10 months. According to government data, revealed Monday, the figures exceeded economists’ predictions of 1.25 per cent and was driven by rising vegetable prices, basic metals, and manufacturing costs.The increase was notably higher than December’s 0.83…
India’s exports to the US also fell by 21.77% to $6.6 billion in January, largely due to the 50% tariffs imposed by the Donald Trump administration. (AI image) India’s merchandise exports grew marginally in January to $36.56 billion, up 0.61%. On the other hand, imports rose sharply by 19.2% to $71.24 billion, compared to $59.77…
Franklin Templeton India (Image/Website) Franklin Templeton India’s latest SIP performance factsheet for January 2026 highlights steady growth in its Systematic Investment Plan (SIP) book, alongside strong long-term performance across several equity mutual fund schemes.The fund house reported resilient SIP inflows during the month, with the number of active SIP accounts also rising, reflecting continued retail…
BENGALURU: India has emerged as the second-largest market for Claude, reflecting the country’s rapidly expanding AI ecosystem and technically sophisticated developer base. Nearly half of Claude usage in India centers on computer and mathematical tasks, including building applications, modernizing legacy systems, and deploying production-grade software—underscoring the depth of engineering engagement across the market.Anthropic has also…
