New Delhi, Feb 24 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved enhanced delegation to Power Grid Corporation of India Limited (POWERGRID), enhancing the permissible equity investment limit of the company from the current threshold of Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary — while retaining the existing cap of 15 per cent of the company’s net worth.The approval came under the extant guidelines dated …
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Mumbai, Feb 3 (IANS) Indian stock markets witnessed a strong rally on Tuesday as investors cheered the finalisation of the long-awaited India–US trade deal.Both benchmark indices, the Sensex and the Nifty, posted sharp gains — reflecting positive sentiment across Dalal Street.By the end of the trading session, the Sensex jumped 2,072.67 points, or 2.54 per cent, to close at 83,739.13.Meanwhile, the Nifty climbed 639.15 points, or 2.55 per cent, to settle at 25,727.55.“The key support zone r…
Mumbai, Dec 29 (IANS) Indian stock markets extended their losing streak for the fourth consecutive session on Monday, dragged down by heavy selling in information technology, realty, pharma and auto stocks.The benchmark Sensex ended the day at 84,695.54, falling 345.91 points, or 0.41 per cent.The Nifty also closed lower at 25,942.10, down 100.20 points, or 0.38 per cent, as selling pressure continued across key sectors.Analysts said that the Nifty slipped below the psychological 26,000 mark and…