So far, only the Gujarat government has agreed to purchase power at an increased rate and Punjab has agreed to the revision but not approved the tariff. In Maharashtra, talks got derailed due to elections, while the Haryana government is still opposed to the tariff hike.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Tata Power considering stopping supply to five states: Report
China declares itself a global power
"There is a 40 percent chance that the coronavirus outbreak turns into a pandemic—when an epidemic spreads globally and affects a large number of people worldwide — and that if such a situation arises, then it would 'result in global and US recessions during the first half of this year," CNBC-TV18 quoted Moody’s Analytics as saying. … [Read more...] about Coronavirus fears will dampen mood further but best time to pick stocks: Experts
The Nifty 50 index is down 9.9% and the Sensex 9.2% from their record highs hit on Jan. 20, largely due to worries about the outbreak.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Worst week for Indian shares since 2009 as pandemic fears grow
"To some extent, it is probably a blessing in disguise that India is not so integrated to the rest of the world as ideally we should be. To that extent, our export intensity is a lot less. There would be some parts of the supply chain, which would get impacted and obviously it is going to affect those kind of businesses. It looks like is the two sectors which probably could get impacted the most are the auto original equipment manufacturers (OEMs) and some of the consumer appliance companies. However, two mainstays of India, which is consumer and financials get the least impacted and the corrections in these pockets does create some kind of a long-term accumulation opportunities," he added. … [Read more...] about Technology stocks a safe haven at present: Nilesh Shah, Envision Capital
Explaining this trend, Varun Sridhar, Lead, realme PaySa said, “India is amongst the fastest-growing financial services market with huge potential for every player. Today, the smartphone plays a pivotal role in a customer’s financial transaction. We believe we have the first mover’s advantage and with ever-changing technology platforms, we are in a great place to have a holistic view of the customer’s creditworthiness.” … [Read more...] about Are Smartphone firms the new-age challengers in financial services?