News Overview

Regardless of Govt’s call, TPWR will not invest in thermal assets; by 2045, 100% portfolio should be green; its growth would be driven largely by distribution, and clean energy verticals.

According to the ministry, both newly constructed and in-service Indian Navy ships would have the improved SRGMs installed.

The dollar index fell to its lowest point in over three months compared to its peers, and it was expected to decrease by about 4% in November, marking its worst monthly performance in a year.

What will help is if the gap between NGDP growth and Borrowing Cost rises, incentivizing investments, as happened in the naughties.

The Reserve Bank of New Zealand (RBNZ) held interest rates unchanged, as anticipated, but revised its official cash rate (OCR) track higher for 2024 and 2025, signalling to additional tightening ahead.

Brent crude futures were up 33 cents, or 0.4%, at $82.01 per barrel. West Texas Intermediate (WTI) oil futures for the United States increased by 45 cents, or 0.6%, to $76.86 a barrel.

IREDA's maiden public issue, which took place from November 21-23, was highly subscribed at 38.8 times.

Petrol and Diesel prices in cities across India on 29-11-2023

Indian banking has changed rapidly, but there would be big changes in the coming years, and they are already visible.

The conduct of monetary policy by RBI has been significant in the last 18 months, especially in tackling runaway inflation.