Business

Jefferies has a buy on Adani Power with the price target at Rs 195. Analysts said the company’s Sept quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) was 4% lower than expectation due to lower utilisation on weak power demand. They also feel the recent thermal tariff power purchase agreements (PPAs) are being signed…

MUMBAI: Large and mid-cap companies have performed better than small-cap companies during the July-Sept quarter of the current fiscal (Q2FY26), an analysis of the quarterly results of some of the leading companies showed. Among 27 of the 50 constituent companies of the Nifty index that have announced their results, the aggregate profit after tax (PAT)…

Foreign portfolio investors (FPIs) resumed buying Indian equities in October, ending a three-month stretch of continuous selling. Data from the National Securities Depository Limited (NSDL) shows that Indian stock markets witnessed net inflows of Rs 14,610 crore during the month.The latest inflow follows a sharp withdrawal trend seen earlier. FPIs had sold equities worth Rs…

Akasa Air is evaluating new routes to Kenya, Ethiopia, Egypt and other international destinations as part of its next phase of overseas expansion, CEO and founder Vinay Dube said. The three-year-old airline, which has grown steadily since its launch, now feels “very good” about its Boeing aircraft delivery schedule.“Our aircraft are capable of hitting the…

From left, Adarsh Hiremath, Brendan Foody, and Surya Midha (Image credit: NYT News Service) TOI correspondent from Washington: In a stunning testament to the boom in Artificial Intelligence (AI), three 22-year-old high school friends from Silicon Valley, including two Indian-Americans, have become the world’s youngest self-made billionaires.Brendan Foody, Adarsh Hiremath, and Surya Midha, co-founders of…

The eight key members of the Opec+ alliance, including Saudi Arabia and Russia, have agreed to raise oil production by 137,000 barrels per day (bpd) starting December, marking a modest increase that will hold steady for three months, the group said in a statement after a virtual meeting on Sunday, AFP reported.The move, aligned with…

The National Company Law Appellate Tribunal (NCLAT) has ruled that the Competition Commission of India (CCI) does not have the power to investigate disputes related to patented products, holding that the Patent Act takes precedence over the Competition Act in such cases, PTI reported.Dismissing an appeal against a CCI order that had closed a complaint…

NEW DELHI: As international fast food chain McDonald’s launched its millet bun burger, the Central government called it a “vindication” of Prime Minister Narendra Modi‘s “Millet movement” where he promoted it as “superfood”.“‘Videshi turns to Swadeshi’ as the popular international food chain McDonald’s serves India’s “Millet Bun Burger”, prepared using indigenous technology developed by the…

India’s exports to the US plunged 37.5% between May and September 2025 as sweeping tariff hikes by the Trump administration squeezed margins across major sectors, according to a report by India-based trade think tank Global Trade Research Initiative (GTRI), ANI reported.The US, India’s largest export market, saw shipments fall from $8.8 billion to $5.5 billion…

The Commerce and Industry Ministry has circulated a proposal seeking comments from various central government departments on allowing foreign direct investment (FDI) in the inventory-based model of e-commerce, but only for export activities, PTI reported citing an official.The proposal, initiated by the Directorate General of Foreign Trade (DGFT), aims to boost India’s exports through the…