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Financial Services Secretary M Nagaraju said over 530 million Jan Dhan accounts have been opened, with women holding a majority. India now accounts for about half of global real-time payments. View More

Speaking at the global inclusive finance summit, V. Anantha Nageswaran urged banks to treat borrowers emerging from government credit support schemes as regular customers. He also asked investors in inclusive finance institutions to accept lower returns in exchange for social impact. View More

The ruling is a legal setback for the pro-fossil fuel Trump administration, which moved to block the $5 billion Revolution Wind project. View More

A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025.Bloomberg | Bloomberg | Getty Images Shares of Danish renewables giant Orsted rose nearly 5% on Tuesday morning, shortly after a U.S. judge cleared the company to resume work on its nearly finished Revolution Wind project.In a statement, Orsted welcomed the ruling from the U.S. District Court for the District of Columbia, saying the action would allow the company "to restart impacted activities immediately."The ruling is a legal setback for the pro-fossil fuel Trump administration, which moved to block the $5 billion Revolution Wind project.The White House halted five major offshore wind developments at the end of last year, including Orsted's project off the coast of Rhode Island. Officials cited national security concerns identified by the Pentagon as the reason for the suspension.Orsted filed a legal challenge to the Trump administration's decision earlier this month, saying that the lease suspension would cause "substantial harm" to the Revolution Wind project.In a hearing on Monday, U.S. District Judge Royce Lamberth said the Court should be "very skeptical of the government's true motives" for putting a stop to the project, according to Reuters news agency."You want to stop everything in place, costing them one-and-a-half million a day, while you decide what you want to do?" Lamberth asked Justice Department attorney Peter Torstensen.A spokesperson for the U.S. Interior Department did not immediately respond to CNBC's request for comment. Read moreTrump halts largest offshore wind project in the U.S., Dominion stock drops nearly 4%Offshore wind has no future in the U.S. under Trump administration, Interior Secretary saysTrump administration cancels $679 million for offshore wind projects Michael Field, chief equity strategist at Morningstar, said the U.S. judge's decision was clearly welcome news for the likes of Orsted and Danish wind turbine maker Vestas but warned of further industry uncertainty."It's certainly a win for these companies anyway — and they have had such a hard time over the last year or so that they could definitely use that," Field told CNBC's "Squawk Box Europe" on Tuesday."But … whether Trump will find a way around this or find some other way to maybe go at these companies is the question. So, I wouldn't be completely celebrating as of yet," he added.Revolution Wind is a 50/50 joint venture between Orsted and Global Infrastructure Partners' Skyborn Renewables. In a filing last year, Orsted and Skyborn Renewables said they had already spent approximately $5 billion on the project.Shares of Orsted traded 4.5% higher at around 10 a.m. London time (5 a.m. ET). Vestas, meanwhile, was last seen up around 1.6%. Shares of Norway's Equinor, whose Empire Wind 1 project was also impacted, were last seen 2.7% higher. U.S.-listed Dominion Energy, the developer of the halted Coastal Virginia Offshore Wind project, the largest of its kind in America, was flat in pre-market trade.

UNDER EMBARGO TILL 6.AM on TuesdayIt has a presence in all the windy States in India, along with 40 MWs of capacity in Sri Lanka View More

The 2026 tax season opens on Jan. 26. To prepare, you should access your IRS online account, which could save time later, experts say. View More

D3sign | Moment | Getty Images With the start of tax season officially about two weeks away, the IRS has advice about how to get ready — including details about a free tool that could make filing easier this year. The 2026 tax season opens on Jan. 26, which is the first day the agency will accept and process individual tax returns for 2025, the IRS announced last week. The deadline to file federal returns and pay taxes due is April 15 for most taxpayers. To prepare, "one of the most important steps" is accessing your IRS online account, where you can make payments and see key tax information, the agency said in a news release. Read more CNBC personal finance coverageWhat the investigation of Fed chair Powell may mean for your moneyWhat Trump's 1-year, 10% credit card interest rate cap means for your moneyThis is one of the 'most important steps' before tax season opens, IRS saysHow tax-efficient investing could boost your portfolio returns in 2026 and beyondFor 2026, these new 401(k) details 'matter more than ever,' advisor saysWe're in a 'hiring recession,' economist says — how job seekers can stand outWar, booze and mopeds: Travel insurance coverage gaps that may surprise youFirst 2026 Social Security payments bring a bigger check in JanuaryConsumer outlook improves despite job worries, New York Fed survey findsIRS will start accepting tax returns Jan. 26 for the 2026 tax seasonWhere Trump's $2,000 tariff dividend checks stand nowAfter a record-breaking holiday shopping season comes a wave of returningWhat Medicaid changes in Trump's 'big beautiful bill' mean for family caregiversOlder workers could use 401(k) money to buy annuities, under bipartisan billCNBC's Financial Advisor 100: Best financial advisors, top firms ranked The reminder comes as the IRS faces tax changes enacted via President Donald Trump's "big beautiful bill" after staffing cuts from Elon Musk's so-called Department of Government Efficiency, or DOGE, and other reductions. These cuts didn't significantly impact the 2025 filing season because many critical IRS roles were exempt through May 15, 2025, and June 30, 2025, according to a September report from the Treasury Inspector General for Tax Administration, an independent federal agency.However, the workforce reductions — amounting to 17% to 19% of "key IRS functions" for the filing season — could impact processing and customer service in 2026, according to the report. "The Internal Revenue Service is ready to help taxpayers meet their tax filing and payment obligations during the 2026 filing season," IRS CEO Frank Bisignano said in a news release last week."IRS information systems have been updated to incorporate the new tax laws and are ready to efficiently and effectively process taxpayer returns during the filing season," he said.The IRS expects roughly 164 million individual income tax returns in 2026, with most taxpayers filing electronically. How to access your IRS online account Your IRS online account has several features that could save time during the 2026 tax season, experts say. The portal includes prior tax records, your refund status, balance due for each year, IRS notices, audit status updates, and certain information returns that employers and financial companies report to the agency, such as Forms W-2, 1095-A for marketplace health insurance and 1099-NEC for contract work. You can also make payments, set up payment plans, approve account authorizations and more.Opening your IRS online account for the first time can be "relatively cumbersome" because you need an ID.me account, which is a third-party identity verification company, Tom O'Saben, director of tax content and government relations at the National Association of Tax Professionals, told reporters on a call this week.ID.me requires a photo of a government-issued ID and a selfie or a live call with an ID.me video chat agent. "But once that thing is set up, it's done," said O'Saben, who is also an enrolled agent, which is a tax license to practice before the IRS. "You have a little bit of pain for long-term gain." watch nowVIDEO5:0205:02Building a tax efficient portfolioPower Lunch

GE Vernova T&D India and Cummins India faced heavy losses, dropping up to 6.5% after reports of India lifting restrictions on Chinese companies bidding for government contracts worth $700–750 billion. The BSE Capital Goods index also fell by 2.4%. View More

BHEL shares slid 15% after reports flagged possible Chinese competition in power equipment. Analysts say policy risks are overstated, with execution, margins and a ?2.2 trillion order book in focus. View More

BHEL share price has fallen 8% in one month, but has gained over 9.5% in three months. Over the past one year, the defence PSU stock has rallied over 28% and has jumped 33% in two years. BHEL stock price has delivered multibagger returns of 566% in the past five years. View More

Avana Electrosystems' IPO opens on January 12. The unlisted market shows optimism with a premium of Rs 24 per share. The company aims to raise Rs 35 crore for expansion and working capital. Shares will list on NSE SME platform on January 19. Investors should note grey market trends are unofficial. View More

Avana Electrosystems' IPO will launch on January 12, with the unlisted grey market indicating early optimism. The SME IPO is commanding a grey market premium of about Rs 24 per share, suggesting expectations of a strong debut despite the broader volatility seen across small-cap and SME stocks. Based on the upper end of the price band at Rs 59, the GMP implies a potential listing price of around Rs 83, translating into a premium of roughly 40% over the issue price. However, investors are advised to caution that grey market trends are unofficial and can shift sharply depending on subscription momentum and overall sentiment closer to listing. The Bengaluru-based power systems solutions company is looking to raise about Rs 35 crore through a book-building issue and will list on the NSE SME platform. The issue closes on Wednesday, January 14, with shares scheduled to make their market debut on January 19. Issue structure and pricing The Avana Electrosystems IPO comprises a fresh issue of 0.52 crore shares aggregating to about Rs 30.5 crore and an offer for sale of 0.08 crore shares worth roughly Rs 4.7 crore. The price band has been fixed at Rs 56 to Rs 59 per share. Live Events At the upper price band, the company is valued at a pre-IPO market capitalisation of about Rs 134 crore. The lot size is set at 2,000 shares, making the minimum retail investment sizable at Rs 2,36,000 for an application of 4,000 shares. High net-worth investors need to bid for at least 6,000 shares, requiring an investment of Rs 3,54,000. Nearly 47% of the issue has been reserved for qualified institutional buyers, including anchor investors, while retail investors account for about 33% of the net offer. Non-institutional investors have been allocated close to 14.5%. Company background Incorporated in 2010, Avana Electrosystems is engaged in the design and manufacture of customised control and relay panels used in power transmission and distribution infrastructure. Its product range spans control and relay panels from 11 kV to 220 kV, protection relays, substation automation panels, and related systems used in transmission lines, transformers, bus bars and capacitor banks. The company operates two manufacturing units in the Peenya Industrial Estate in Bengaluru and caters to utilities, EPC contractors and industrial clients across India. As of August 2025, Avana employed 129 people. Financial performance and use of proceeds For the year ended March 2025, Avana reported revenue of Rs 62.9 crore and profit after tax of Rs 8.31 crore, compared with revenue of Rs 53.3 crore and profit of Rs 4.02 crore in the previous year. In the six months ended September 2025, the company posted revenue of Rs 36.3 crore and profit of Rs 5.61 crore, indicating steady growth and margin expansion. The company plans to deploy the IPO proceeds primarily towards setting up an integrated manufacturing unit, including civil construction and internal electrical and plumbing works, at an estimated cost of Rs 11.6 crore. A further Rs 8.4 crore will be used to fund working capital requirements, with the balance earmarked for general corporate purposes. Asnani Stock Broker is the market maker, while Indcap Advisors is the book-running lead manager and Integrated Registry Management Services is the registrar. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

ITC Hotels, Yash Highvoltage, VPRPL, Lloyds Engineering Works, and Chandan Healthcare are drawing attention with land allotments, joint ventures, divestments, technology licensing, and regional expansion, highlighting key opportunities for investors tracking corporate growth across multiple sectors today View More