POWER EQUATION
Be cautious in power stocks; take some money off PSU banks: Nischal Maheshwari
There has been over-exuberance in the power sector. Whether it is the equipment, the supplying company, whether it is the generation guys, all have done well in the last year. So, Centrum Broking's Nischal Maheshwari recommends caution on the whole sector per se and says one should be very stock-specific.
Behind-the-scenes power play: Messages and signals in battle for Lok Sabha Speaker’s post
Political circles within Parliament discern three distinct messages arising from the unsuccessful negotiations and power dynamics between the government and the Opposition, setting the stage for a rare contest for the position of Lok Sabha Speaker. The Congress and several allies from the INDIA bloc, emboldened by their stronger numbers in the House this session, have maintained their stance on securing the Deputy Speaker's post as a prerequisite for agreeing to the NDA's candidate for Speaker.
One CM, 2 Deputy CMs BJP's new model
BJP's strategy of appointing two deputies for chief ministers in big states helps balance caste equations, starting from Uttar Pradesh and expanding to Rajasthan, Madhya Pradesh, and Chhattisgarh.
Star wars: Bhojpuri actors faceoff in BJP fortress Gorakhpur
Ttwo Bhojpuri filmstars from BJP and SP are contesting for the Gorakhpur Lok Sabha seat. BJP's Ravi Kishan faces SP's Kajal Nishad. There are 13 candidates in total. Kishan touts his film success and ties to PM Narendra Modi and and UP CM Yogi Adityanath, while Nishad emphasises local roots. The BJP aims to retain the seat.
Lok Sabha election: Caste equations, angry farmers and Agniveer scheme pose challenges for BJP in Haryana
Haryana to vote for 10 Lok Sabha seats on May 25 with uncertainty over BJP govt. Recent changes, challenges from Jats, farmers' protests, and key contests in Rohtak, Hisar, and Sirsa shape the election dynamics.
El Salvador mined nearly 474 bitcoins, adding to state crypto holding, in last three years
El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
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BJP paying money to buy votes: Mamata Banerjee
West Bengal CM Mamata Banerjee accused BJP of buying votes with amounts ranging from Rs 5,000 to Rs 15,000, labeling BJP leaders as former CPI(M) 'harmads'. She urged voters to avoid BJP to prevent a reign of terror, emphasizing the need to alter the power equation in Delhi. Banerjee criticized BJP for defaming Bengal and alleged job snatching.
If Hindus still in danger after decade of BJP rule, it should not return to power: Kirti Azad
The former BJP MP-turned-TMC nominee from West Bengal's Bardhaman-Durgapur Lok Sabha seat, also said the issue of the Uniform Civil Code (UCC) was a "ploy to communalise the polls" since the saffron camp "lacks an impressive report card to present before the masses".
Public sector banks don't have power to issue Look Out Circulars against defaulters: HC
Bombay HC rules public banks can't issue LOCs against defaulters. Verdict quashes all circulars. Centre's 2018 amendment allowed banks to issue LOCs in 'economic interest of India', but HC deems it unconstitutional.
Coal keeps powering India as booming economy crushes green hopes
India's energy dilemma at Tuticorin plant showcases the struggle to shift from coal to renewables. Despite global pressure, the country leans on coal, hindering efforts to reduce greenhouse gas emissions and ensure reliable electricity for its growing population.
Six ARCs acquire 55% of KSK Mahanadi Power's Rs 29,330-crore debt
Six ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolution delays. Prudent ARC recently acquired debt through a Swiss auction, ensuring an 80% recovery for the lender."}
Lok Sabha Election: What is powering BJP's South India juggernaut? A look at four states
The Bharatiya Janata Party (BJP) has rapidly expanded its influence from the Hindi heartland to the Northeast and is now targeting South India ahead of the Lok Sabha elections. With strategic campaigns led by Prime Minister Modi, they are challenging established alliances in Kerala and Tamil Nadu, eyeing significant gains in Andhra Pradesh and Telangana.
Raj Thackeray: Can 'marathi manus' add fire power to BJP alliance?
The BJP is aiming to expand its Mahayuti alliance in Maharashtra, potentially adding Raj Thackeray's MNS. This move could lead to a direct confrontation between Raj Thackeray and his cousin Uddhav Thackeray, who heads the Shiv Sena. Raj Thackeray's recent meetings with key political figures indicate his efforts to remain relevant in the upcoming 2024 Lok Sabha elections.
Gemini's flawed AI racial images seen as warning of tech titans' power
For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out images of Black and Asian Nazi soldiers was seen as a warning about the power artificial intelligence can give tech titans. Folks interviewed at the popular South by Southwest arts and tech festival in Austin said the Gemini stumble highlights the inordinate power a handful of companies have over the artificial intelligence platforms that are poised to change the way people live and work.
For a better equation of desire and risks: 4 small cap stock from different sectors
While the desire to own small caps is high, it is very important to manage the risks of investing in them, they may either give very high returns or just make your capital under perform significantly. For enthusiasts and steadfast supporters of small-cap stocks, the key lies in a thorough examination of a company's fundamentals before making any investment decisions. Beyond these financial metrics, two critical aspects must not be overlooked: the quality of the company's management and the sector in which it operates. The management team's competence, integrity, and vision are pivotal in steering the company towards growth and navigating challenges. Meanwhile, the sector's potential for growth and resilience against economic fluctuations can significantly influence a company's performance.
A new carbon removal startup is powered by sunlight and seawater
The startup is among a slew of companies capitalising on investor and policymaker interest in removing gigatons — that is, billions of tons — of CO2 from the atmosphere.
Punjab govt pays banks ₹1,426 crore to complete takeover of GVK Power's facility
The Punjab government has finalized the payment of ₹1,426 crore to banks, including IDBI, to acquire the debt-ridden 540-MW GVK Power's Goindwal Sahib thermal power plant. This settlement, equivalent to 43% of principal dues, marks a significant recovery for banks involved. Litigation delays with the plant owners have now been resolved, facilitating the transaction.
Looking to invest in PSUs ? Have the right mix of expectations as the risk rewards equation is very different in these 45 public sector stocks
If one looks at the last three months of the stock market moves, a new industrial house appears to be born and has caught the fancy of the street. Yes, we are talking about PSU as a set of companies. It is not owned by one individual but by the government of India so there is an element of the largest shareholder being one entity and that is why it may be called a new industrial house. Stocks which have been listed for years and till a year back were available at dividend yield of 6 % and no one was ready to look at them. They have suddenly caught the fancy.
RK Vishnoi on NHPC’s roadshow, OFS plans and future plans
NHPC's power generation may be affected this year due to the flood disaster in the Teesta basin in Sikkim. The recovery of two out of three damaged projects is in progress. The response to the non-deal roadshow ahead of the OFS was positive, with investors showing interest in the company's growth. The proposed hikes in ROEs for hydro projects will provide adequate coverage for the risks involved. NHPC plans to commission the Parbati and Subansiri projects in FY25.
SC clarifies computation of market value for claiming tax deductions
The apex court said that the market value of any goods would mean the price that such goods would ordinarily fetch on sale in the open market. The core issue raised in a batch of appeals was the recomputation of deduction under Section 80 IA of the 1961 Act by the assessing officer which was set aside by the Income Tax Appellate Tribunal and upheld by the High Courts, which ruled in favour of the assessees.
Mizoram elections: How a dark horse can disrupt decades-old equation
This time, the Mizoram poll math has become complex with the MNF falling out with its ally the Bharatiya Janata Party (BJP), a resurgent Congress under a new leader, and the rise of a new party that promises change and might emerge as the dark horse.
Adani Power close to taking over Coastal Energen for ₹3,440 crore
After two days of intense bidding, Adani Power emerged as the winner late Saturday evening, said two people with knowledge of the matter. Jindal Power, the other bidder in the fray, quit the race, they added. The interest in Coastal Energen, undergoing corporate insolvency, is mainly because it is among a few operational power plants for sale.
US President Joe Biden equates China's Xi with 'dictators' at donor reception
US President Joe Biden compared Chinese President Xi Jinping to \"dictators\" at a fundraising event in California. He referenced an incident in February when a Chinese balloon – supposedly spying – was shot down by US military jets. Biden claimed China's leader had been angered because he was unaware of the balloon's presence.
Congress MLA's defection to TMC may alter opposition equations
Trinamool’s stories of past betrayal are also floating in the political arena. According to Congress sources, Trinamool has betrayed Congress time and again in Bengal after its victory in 2011, encouraging mass scale defection without any specific reason in Congress stronghold Malda and Murshidabad, people in the know told ET.
Stop equating Ukraine war with China's claims over Taiwan: Foreign Minister Qin Gang
The US has warned China that it would impose strict sanctions if it provided military support to Russia. China views Taiwan, a self-ruled island, as a rebel province that should be reunified with the mainland, even by force.
Pakistan’s TTP problem is resetting Pak-US equations that India can’t ignore
Any Pakistan-Taliban deal with US backing could create space for anti-India terror groups. The US should not distinguish between terror groups.
Gujarat Elections: With no caste stir, BJP aims at right social equations
North Gujarat and parts of Central Gujarat that vote on Monday are where the state's milk cooperatives have a significant impact. These include Banas Dairy in Banaskantha and four other top co-operative dairies in Mehsana, Anand, Sabarkantha and Panchmahal districts.
Congress' presidential contests: Party, politics & power equations
With the stamp of Gandhi-Vadra-led Congress establishment over Kharge's candidature, notwithstanding the family's projected neutrality, the curiosity is limited to whether Tharoor will lose as badly as some of the previous contestants or he will notch up decent votes.
Power equations in UP secretariat altered, 16 IAS officials transferred
The reshuffle, clubbed with the retirement of additional chief secretary (home) and CEO of Upeida, Awanish Awasthi, considered to be CM Yogi’s key lieutenant in the bureaucracy, has dramatically altered power equations in the secretariat with a relatively younger officer –– Sanjay Prasad –– becoming the single most powerful bureaucrat in the government now.
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