MOHANTY
IREDA stock rises 8%, logs seventh straight session of gains; rebounds over 21% from October low
IREDA shares extended their winning streak to a seventh consecutive session on Monday, rising as much as 8% on the NSE. The stock has rebounded over 21% from its October low of Rs 98.78. The rally comes after the company's Q2 results and a recent board-level change.
Rs 21.6 lakh speculative trading loss in stock market triggers Income Tax notice for no tax audit; Trader wins case at ITAT Cuttack
Mr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his failure to comply with audit rules, the Income Tax Department slapped him with a penalty. After an unsuccessful appeal to CIT (A), he sought relief from ITAT Cuttack, which determined that Kumar's trading did not equate to business income needing an audit.
One giant leap for America? Trump's Moon ambitions put India's space diplomacy to the test
Donald Trump’s push for a permanent American presence on the Moon by 2028 has raised questions over lunar governance, resource ownership and the future of international space cooperation. As the US and China pursue competing lunar programmes, India faces the challenge of protecting its strategic autonomy while advancing its own space ambitions.
Govt employees facing disciplinary action? Know these 7 important rights before accepting charges
Employees in the government sector who find themselves undergoing disciplinary reviews must be informed about their rights before replying to any allegations. They deserve clear charges and at least 15 days to respond. Should they dispute the charges, an oral inquiry, enabling cross-examination of the witnesses, is obligatory. These employees can also present their defense witnesses and seek a personal hearing.
Cyclone 'Murasu' forms over Bay of Bengal, southern Odisha on high alert
Cyclonic storm 'Murasu' has intensified over the Bay of Bengal, with landfall expected on the Andhra Pradesh coast. Odisha's government has issued a high alert in the southern regions, preparing for potential heavy rainfall. Evacuations have been ordered for residents in low-lying and hilly areas as a precautionary measure. Meteorological officials predict significant rainfall in Odisha starting November 2, with increased intensity expected soon after.
Another cyclonic storm after Arnab: On November 3, Andhra Pradesh may face 100 kmph winds; check full IMD warning
A depression over the Bay of Bengal is likely to intensify into a cyclonic storm and make landfall along the Andhra Pradesh coast on November 3, with wind speeds of 80-90 kmph and gusts up to 100 kmph, the IMD said. The weather department is also monitoring the system and has forecast light to moderate rain in a few districts of Odisha.
ET Wealth Expo: Saurabh Mukherjea suggests a simple 50:50 portfolio to diversify across India and the US
Saurabh Mukherjea recommends a simple 50:50 portfolio split between the Nifty 50 and the S&P 500, with annual rebalancing, to diversify across India and the US. He explains how the strategy can improve returns relative to risk, reduce volatility and help investors avoid predicting which market will outperform.
IREDA appoints ex-REC executive Jatin Kumar Nayak as CMD
Jatin Kumar Nayak has taken charge as the Chairman and Managing Director of Indian Renewable Energy Development Agency. Before this position, he served as Executive Director of Finance at REC Ltd and has three decades of experience. His previous roles include working with NHPC, Hindustan Copper, and National Aluminium Company Ltd. Nayak holds a Master's degree in Commerce and is a qualified Company Secretary.
ET Wealth Expo: Investing globally? Why Indian investors should look beyond Nasdaq and diversify across asset classes, says Devina Mehra
First Global's Devina Mehra urges Indian investors to diversify across countries, sectors, currencies and asset classes. She highlights global opportunities, changing market leadership and the risks of chasing popular investments, advocating broader international exposure for long-term portfolio resilience.
ET Wealth Expo: In uncertain markets, investors can control only consistency and quality of their inputs, says Swarup Mohanty, Mirae Asset MF
Swarup Mohanty of Mirae Asset urged investors to focus on the consistency and quality of their investment decisions rather than market movements. At the ET Wealth Expo, he stressed that financial goals should drive asset allocation, cautioned against chasing past returns and highlighted the importance of buying good businesses at reasonable valuations.
ET Wealth Expo 2026: From building wealth to financial freedom, two days of insights for today’s investors
Mark your calendars for the ET Wealth Expo 2026, happening on October 30 and 31 at Mumbai's NESCO Convention Centre. This event promises to bring together top professionals for insightful discussions on investment strategies and wealth management. Attendees can expect sessions covering crucial topics such as intergenerational wealth transfer and global investment opportunities, alongside keynote speeches aimed at addressing future challenges in wealth management.
'No major threat exists': Cyclone Arnab weakens over Odisha; Rayagada stays on high alert
Heavy rainfall eased in Odisha's Rayagada district as Cyclone Arnab weakened, though authorities remained on high alert over possible further showers. The cyclone caused widespread damage in Andhra Pradesh, inundating crops across more than 70,000 hectares and uprooting trees.
Weak returns at home fuel India's overseas retail investing boom
Indian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, domestic asset managers are introducing new funds to meet the rising demand for international exposure. With the Reserve Bank of India's limits on overseas investments nearing their cap, many investors are exploring tax-friendly locations like GIFT City.
Weak domestic returns fuel India's overseas retail investing boom
Indian investors are turning to global funds as domestic market performance remains weak and opportunities abroad increase. A surge in overseas investments, particularly in AI-related assets, has been noted recently. Fund managers are launching various international funds to cater to this growing demand. Regulatory limits on overseas investments are in place, but tax-neutral hubs offer solutions.
Cyclone Arnab intensifies, set to hit Andhra coast as Andaman and Nicobar shuts schools
The Andaman and Nicobar administration has ordered all schools to remain closed for two days. This decision comes as Cyclone Arnab approaches the Bay of Bengal and intensifies. Residents are urged to follow safety guidelines and avoid coastal activities during this period. Fisherfolk are also advised not to venture into the sea due to rough conditions.
'Very severe storm': IMD issues red alert in Odisha ahead of cyclone Arnab
A cyclonic system is developing over the Bay of Bengal, with expectations to intensify into a severe storm. The system is projected to make landfall on the Andhra Pradesh coast while affecting Odisha. Odisha's government has mobilized 225 rescue teams and canceled all leaves for disaster personnel. Forecasts indicate extremely heavy rainfall and strong winds in southern Odisha districts.
Odisha braces for cyclone Arnab, CM Majhi targets zero casualties as storm nears coast on October 28
Odisha's Chief Minister Mohan Charan Majhi has announced preparations for cyclone Arnab, expected to make landfall on October 28. The India Meteorological Department forecasts heavy rainfall and rough seas in Odisha and Andhra Pradesh. Specific responsibilities have been assigned to various departments for coordinated disaster response measures. The government aims for zero casualties during the impending weather event.
Ireda net profit grows to Rs 554 cr in Sep qtr
Ireda has announced a net profit of Rs 554 crore for the September quarter of FY27, reflecting a robust financial performance. Revenue from operations increased by 14%, totaling Rs 2,345 crore. Additionally, loan disbursements surged by 31%, reaching Rs 10,579 crore. This quarter also marked an 11% rise in net worth, showcasing Ireda's strength in renewable energy financing and management of asset quality.
Private banks' margins fall as FCNR deposits raise funding costs
In the second quarter, leading private sector banks in India reported a drop in net interest margins. This decline was primarily caused by the costs associated with foreign currency non-resident deposits. Analysts noted that the leveraged nature of these deposits significantly impacted profitability. Additionally, banks faced pressure from faster repricing of assets as interest rates declined.
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