New Delhi, March 19 (IANS) India’s Infrastructure Investment Trusts (InvITs) are expected to see the industry’s assets under management grow by about Rs 1 lakh crore in FY26, a report said on Thursday.The report from CareEdge Ratings said AUM of these trusts doubled from about Rs 3 lakh crore in FY22 to roughly Rs 6.25 lakh crore by FY25.Combined leverage or total external debt to enterprise value is expected to remain at around 49 per cent in FY26, driven by higher valuations from equity ra…
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Mumbai, March 14 (IANS) The Bombay Stock Exchange (BSE) conducted a mock trading session on Saturday across multiple market segments as part of its periodic system testing.The exercise covers the equity, commodity, currency, electronic gold receipt (EGR) and equity derivatives segments. Trading members can log in from 9:15 am to 10:00 am to participate in the mock trading session.The exercise allows them to test systems and connectivity with the exchanges and aims to ensure that its trading syst…
New Delhi, Feb 6 (IANS) India’s growth cycle is set to accelerate backed by reflation effort of the RBI and the government via rate cuts, bank deregulation and liquidity infusion, continuing capex, tax cuts and relatively stimulating budget, a Morgan Stanley report said on Friday.Thus, India’s hawkish macro set up post-Covid is now unwinding. The trade deals and thawing of relations with China add to the mix, the report mentioned.“Indian stocks enjoy a rare combination of inexpensive relat…
Patna, Jan 29 (IANS) The Supreme Court has stayed the implementation of the University Grants Commission (UGC) Promotion of Equity in Higher Education Institutions Regulations, 2026, saying that the new regulations appear prima facie vague and susceptible to misuse. Following the apex court’s order, celebrations were reported in parts of Nawada district, where members of the upper caste community expressed relief over the stay.People gathered at public places, distributed sweets, and applied gul…
Chennai, Jan 29 (IANS) Tamil Nadu Chief Minister MK Stalin on Thursday welcomed the new regulations issued by the University Grants Commission (UGC), stating that it will “eliminate caste-and gender-based discrimination” in higher educational institutions and said that this was long overdue and necessary “reform” of an inequitable academic system. Notably, the UGC recently notified fresh guidelines mandating formation of Equality Committees in universities and colleges, with the objectiv…
New Delhi, Jan 27 (IANS) Union Education Minister Dharmendra Pradhan, reacting to the raging controversy over the new UGC regulations on Tuesday, said that nobody will be allowed to “discriminate or harass” under the guise of new guidelines and assured that the education body and government will ensure that these are implemented on the ground in all fairness. The Union Minister, speaking to newsmen today, said, “I assure everyone that there won’t be any discrimination or harassment in th…
Washington, Jan 23 (IANS) The US State Department is set to finalize an expanded version of the Mexico City Policy on Friday, sharply widening restrictions on how American foreign assistance can be used overseas.The Mexico City Policy, also known as the “global gag rule,” restricts U.S. federal funding for foreign nongovernmental organizations that provide abortion-related services or advocacy. The policy has long affected global health and family planning efforts by limiting which organizat…
New Delhi, Dec 26 (IANS) Coforge on Friday announced that it will acquire US-based engineering services firm Encora in a $2.35-billion all-stock deal, marking one of the largest transactions in India’s IT services space.The acquisition will be carried out through a share swap, under which Coforge will issue 93.8 million equity shares priced at Rs 1,815.91 each.This values the non-cash transaction at around Rs 17,032 crore. After the deal, Encora’s shareholders will own about 21.25 per cent o…