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Andhra Pradesh to procure 1,600 MW thermal power as demand surges
BUSINESS

Andhra Pradesh to procure 1,600 MW thermal power as demand surges

Amaravati, Aug 7 — Andhra Pradesh will procure 1,600 MW of coal-based thermal power to meet the State’s rising electricity demand and strengthen long-term energy security.The Andhra Pradesh Electricity Regulatory Commission has granted in-principle approval to the State’s power distribution…

Rs 8.5 lakh crore DII inflows dwarf FPI outflows in FY26: SEBI
BUSINESS

Rs 8.5 lakh crore DII inflows dwarf FPI outflows in FY26: SEBI

New Delhi, Aug 7 — Domestic institutional investors (DIIs) emerged as a key pillar of India's equity markets in FY26 recording net inflows of a record Rs 8.5 lakh crore and more than offsetting foreign portfolio investor (FPI) equity outflows of Rs 1.8 lakh crore, according to the latest annual…

Sensex, Nifty open lower amid rise in crude oil prices
BUSINESS

Sensex, Nifty open lower amid rise in crude oil prices

Mumbai, Aug 7 — Domestic equity markets open on mildly negative note on Friday amid surge in crude oil prices and following global cues ahead of key US economic data.Sensex opened at 78,516.08, down 438.68 points or 0.56 per cent, while Nifty decreased by 97.10 points or 0.39 per cent to…

Seoul shares turn lower amid renewed Hormuz tensions
BUSINESS

Seoul shares turn lower amid renewed Hormuz tensions

Seoul, Aug 7 — Seoul shares turned lower late on Friday morning as renewed geopolitical tensions in the Middle East weighed on investor sentiment.After opening 1.09 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) traded down 36.07 points, or 0.57 percent, to 6,260.31 as of…

Parliament approves Appropriation Bill for 2023 excess spend
BUSINESS

Parliament approves Appropriation Bill for 2023 excess spend

New Delhi, Aug 6 — The Parliament has passed the Appropriation (No. 3) Bill, 2026, which seeks to authorise expenditure from the Consolidated Fund of India towards excess spending incurred during the financial year ended on March 31, 2023, with the Rajya Sabha returning the legislation to the Lok…

RBI includes Tata Sons in 'upper layer' NBFC list
BUSINESS

RBI includes Tata Sons in 'upper layer' NBFC list

New Delhi, Aug 6 — The Reserve Bank of India on Thursday included Tata Sons in its list of 17 "upper layer" non-banking financial companies (NBFCs), a category that faces stricter regulatory requirements, which also require public listing.The RBI said the classification would not affect ⁠Tata Sons'…