BSE Sensex closes at 82,330.59, down 200.15 pts and Nifty at 25,019.80, falls 42.30 pts.
Sensex falls 200 15 pts
16 May 2025 | 6:37 PM
Mumbai, May 16 (UNI) The BSE Sensex on Friday, the last trading day of the week ended weak at 82,330.59, down 200.15 pts amid profit booking in Technology, IT and Bankex stocks despite positive global cues. see more..
PURE Partners with Canada-based Charge Power to enter US and Canada Energy Storage Market
16 May 2025 | 2:22 PM
Hyderabad, May 16 (UNI) PURE, incubated at i-TIC, IIT Hyderabad, a pioneer in battery technology and power electronics, and a leading brand in energy storage products in India, on Friday announced a strategic partnership with Charge Power Inc., a Canadian corporation, to enter US and Canada Energy storage Market. see more..
Allcargo Gati posts 110 bps increase in EBITDA margin for FY25
16 May 2025 | 12:56 PM
Mumbai, May 16 (UNI) Allcargo Gati Limited (formerly Gati Limited), a leading Indian express distribution and supply chain management company, announced its audited financial results for the quarter and financial year ended March 31, 2025. see more..
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Economic Times
28 minutes ago
- Economic Times
Financial sector regulators to work on universal KYC
Financial sector regulators, led by the RBI, are developing a universal KYC framework with the CKYCR to streamline verification processes. Nirmala Sitharaman urged regulators to ensure seamless KYC experiences for citizens and expedite refunds of unclaimed amounts through district-level camps. The FSDC also discussed strengthening cybersecurity and implementing budget announcements related to KYC simplification for NRIs, PIOs, and OCIs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Financial sector regulators, including the Reserve Bank of India , will look at a universal know your customer (KYC) framework and develop systems with the Central Know Your Customer Registry (CKYCR) to promote the inter-usability of records and avoid multiple minister Nirmala Sitharaman in a meeting of the Financial Stability and Development Council (FSDC) in Mumbai on Tuesday urged the financial sector regulators to take proactive steps to ensure that citizens have a seamless experience with the KYC processes across the financial a statement, the finance ministry said the FSDC also considered strengthening the cyber resilience framework of the Indian financial sector through a financial sector-specific cybersecurity FSDC also discussed issues relating to formulating a strategy for implementing the past decisions and the budget announcements, which included prescribing common KYC norms, simplification and digitalisation of the KYC process, including digital onboarding for non-resident Indians (NRIs), PIOs and OCIs in the Indian securities FSDC has representation from the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority of India (Irdai), the Securities and Exchange Board of India (Sebi), the Pension Fund Regulatory and Development Authority (PFRDA) and officials from the finance and corporate affairs urged the regulators and departments to expedite the process of refund to rightful owners of unclaimed amounts by holding special district-level also emphasised that interest of common citizens be kept in mind and therefore expeditiously refund the claims of the rightful claimants, the statement unclaimed amounts comprise deposits in banks, unclaimed shares and dividends managed by IEPFA and unclaimed insurance and pension funds with Irdai and PFRDA, drive is to be conducted in coordination with RBI, Sebi, MCA, PFRDA and Irdai along with banks, pension agencies and insurance finance ministry statement noted that the FSDC also deliberated on the emerging trends from the domestic and global macro-financial situation and stressed the need to be vigilant."The council recognised the need for proactive efforts to mitigate potential risks to financial stability while adopting adequate safeguards for the financial system's resilience," it said.
United News of India
an hour ago
- United News of India
Notwithstanding Kabir Jayanti holiday, Punjab power demand scales record high
Chandigarh, Jun 11 (UNI) Notwithstanding a government holiday on Wednesday on account of Kabir Jayanti, power demand in Punjab scaled to a record high of 16836 Mega Watt due to sweltering heat coupled with paddy load. The Punjab State Power Corposation Limited (PSPCL) was drawing over 10,243 MW from the northern grid while its own gross generation was 6600 MW. All the thermal units are operating today. Even hydel plants are running, including four Ranjit Sagar units. At the time of record demand, PSPCL's own thermal generation was 2020 MW, and private thermal generation was 3192 MW. PSPCL's hydro generation was 950 MW and solar generation was 395 MW. On Tuesday, Punjab's electricity demand soared to a record-breaking 16,249 MW, surpassing the previous year's peak of 16089 MW recorded on June 29 However, if the current weather pattern persists, the maximum power demand in Punjab could potentially exceed 17000 MW in the coming days. PSPCL claims it is prepared to take additional measures, including importing more power and optimizing local generation, to meet this anticipated demand. The drawing limit from the northern grid is 10400 MW and its own maximum power availability may be around 6600 MW under ideal conditions. On Tuesday, PSPCL supplied 3383 lakh units with maximum demand of 16246 MW. On Monday PSPCL supplied 3295 lakh units with maximum demand of around 15640 MW. After an unusually cool summer in early June, the return of summer heat wave temperature is touching 44 degree celcious and the power demand has started rising sharply for the last three days. The coal stock at thermal plants in the state and power sector is sufficient. Lehra Mohabbat thermal has 21 days of coal stock, Ropar thermal 34 days of coal stock, and Goindwal 28 days stock. In the private sector Rajpura has 31 days stock and Talwandi Sabo 23 days coal stock. The water level in Bhakra Dam is 1555.4 feet, lower by 28 feet as compared to last year's level of 1584.2 feet. At Ranjit Sagar water level is 506.9 metres as compared to 507.20 metres on the corresponding day. UNI GS XC SSP
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Business Standard
an hour ago
- Business Standard
Samsung assembled more mobile phones in India than Apple last year
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