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Barc is looking to take its 300 MW nuclear reactor module to commercial scale with private-sector participation. If viable, the reactor could account for 30 GW of India’s targeted 100 GW nuclear capacity by 2047. View More

India's government has reduced export levies on petrol, diesel, and aviation fuel. The revised rates for these petroleum products took effect from September sixteenth. Export duty on petrol decreased by one rupee to zero point five rupees per litre. Diesel export levies were lowered by five rupees to twenty rupees per litre. These changes reflect a reversal of higher rates implemented earlier this month. View More

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. View More

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P 500 fell after the Federal Reserve raised interest rates by 25 basis points , the first hike in overnight borrowing costs in more than three years. The decision was unanimous. The Fed said in its policy statement that the rate hike "will support a timelier return" to the central bank's policymaking committee's 2% inflation target. The nation's inflation rate has been running hotter than 2% for many years. Based on the updated "dot plots" in the Fed's quarterly Summary of Economic Projections, most central bankers expect one more rate increase before the end of the year. During his post-meeting news conference, Fed Chairman Kevin Warsh said that "inflation is too high and has been for too long," adding that Wednesday's rate hike reflects the central bank's commitment to reducing inflation. Warsh said that the U.S. economy appears to be strengthening but faces headwinds from geopolitical uncertainty. Starbucks is considering selling a majority stake in its Japan operations in a deal that would value the business at about $3 billion, according to a report from Reuters. This is not a new story. We first heard this back in June from Bloomberg. What's different now is that Bloomberg reported the business could be valued at $2.5 billion, so we like the slightly upgraded terms. Japan is Starbucks' largest international company-operated market — with 1,883 stores at the end of last fiscal year — and was called as a source of strength in the company's July earnings call. So why sell a stake? Even though the region is performing well, Japan is viewed as a non-core market and a stake sale would be a continuation of an asset-light licensing model that got started in April, when CEO Brian Niccol sold a stake in Starbucks' China business and formed a joint venture with Boyu Capital. A deal for its Japan operations will keep the company focused on its U.S. turnaround while providing a cash infusion it can use to invest in stores and technology, repay debt, or even repurchase stock. Shares of Starbucks are slightly higher Wednesday afternoon; at their highs of the day, before the Fed decision, the stock was up about 1.65%. GE Vernova is one of the biggest gainers in the portfolio on Wednesday, up more than 4%, after CEO Scott Strazik gave a bullish presentation at the Morgan Stanley Laguna Conference. It's a much-needed jolt for shares of the gas turbine maker, which entered Wednesday down almost 20% since mid-August, as concerns mounted around the sustainability of the artificial intelligence buildout. Here are some of the most important comments from the CEO. Strazik said the company is on track to reach its $200 billion backlog target "very early in 2027," based on "the strength of the orders we expect to see in the third quarter." Its backlog stood at $176 billion at the end of June. Strazik's emphasis on achieving the goal early next year is notable because details on the timing had previously been a more general "in 2027." Since Vernova's July earnings call, Strazik said the company has agreed to multiple slot reservations for 2032 deliveries, an encouraging sign of the durability of demand for its supply-constrained turbines. While there have been questions about how long Vernova can maintain pricing power as the company adds manufacturing capacity, Strazik said new turbine supply that became available this summer for 2030 and 2031 delivery has seen a "very strong market response ... at premium pricing." All 12 gigawatts of new supply for those two years "is in some form of contracting," he said. Vernova plans to hold an investor day next year where it will set its 2030 financial outlook, Strazik said. "But frankly, we'll spend a lot of that meeting on why we have so much conviction that 2030 to 2040 is an even better decade for us than 2020 to 2030," he said. Some of that optimism likely stems from the growth of Vernova's services business, which covers repairs and other maintenance once turbines are installed by customers. Services revenue is more steady and predictable than equipment orders. Late last year, the company projected that its power services revenue in 2035 will be at least $22 billion, up from $12 billion in 2025. On Wednesday, Strazik said its 2030 projection at its future investor day "will certainly make the 2035 marker of $22 billion look low." After Wednesday's closing bell, homebuilder Lennar reports quarterly results. While there are no major earnings before the opening bell on Thursday, we will get new data on jobless claims, housing starts and building permits, and pending home sales. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

The government has reduced windfall taxes on petroleum exports. Levies on petrol, diesel, and aviation turbine fuel have been lowered. This change follows the government's regular fortnightly review of export duties. The duty on petrol exports is now Rs. 0.5 per litre. Diesel and ATF exports will see duties of Rs. 20 and Rs. 15 per litre respectively. View More

The government on Wednesday slashed windfall tax on petroleum exports , reducing levies on petrol, diesel and aviation turbine fuel (ATF) as part of its fortnightly review of export duties . As per the Finance Ministry, the rate of duty on petrol will be Rs. 0.5 per litre (SAED- Rs. 0.5 ; RIC- Nil), Rs. 20 per litre (SAED - Rs. 20; RIC – Nil) on exports of diesel and Rs. 15 per litre (SAED only) on exports of ATF. However, there is no change in the existing excise duty rates on petrol and diesel cleared for domestic consumption. The government reviews the windfall tax on domestically produced crude oil and export of petroleum products every fortnight, depending on global crude oil prices and refinery margins. .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;width: 100%;box-sizing: border-box} .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 Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Nageswaran argued that India needs to rethink its development model for the AI era, using artificial intelligence to boost workers rather than replace them View More

Saatvik Green Energy shares surged 10% after the company secured a Rs 1,041.63 crore solar PV module supply order from SECI, with execution scheduled by December 2027. The order comes amid growing demand for solar modules and renewable energy capacity. View More

Shares of Saatvik Green Energy surged as much as 10% during Wednesday’s trading session, touching an intraday high of Rs 428.25, after the company announced a major solar module supply order from the Solar Energy Corporation of India (SECI). The company said it has been awarded and accepted an order from SECI for the supply of Solar PV Modules, with an aggregate contract value of Rs 1,041.63 crore. The order, awarded by the domestic entity, is commercial in nature and is scheduled to be executed by December 2027. The development marks a significant order win for Saatvik Green Energy as demand for solar photovoltaic modules continues to expand alongside India's renewable energy capacity additions. According to the company’s disclosure, neither the promoter/promoter group nor group companies have any interest in SECI, and the contract does not fall under related-party transactions. Live Events Share price, valuation and technical indicators Currently, it is trading at a market capitalisation of around Rs 5,339 crore. Today, the stock touched an intraday high of Rs 428.25 and gained 10%. Despite the sharp move, the stock remains well below its 52-week high of Rs 580. On the valuation front, Saatvik Green Energy has a P/E ratio of 20.29, a Price-to-Sales (P/S) ratio of 1.05, and a Price-to-Book (P/B) ratio of 3.70. Technical Indicators: The stock is currently trading above 5 of its 8 key Simple Moving Averages (SMAs). However, it is trading below its 50-day, 100-day and 150-day SMAs. Institutional Holding: During the June 2026 quarter, FIIs' holdings increased from 0.03% to 0.19%. Mutual Fund holdings also rose, increasing from 10.10% to 10.48% during the same quarter. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The 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;width: 100%;box-sizing: border-box} .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)

Key players in India’s manufacturing and defense sectors, like Bharat Forge and Titagarh Rail, are advancing through strategic partnerships, while Cochin Shipyard and Mazagon Dock undertake ambitious projects to boost national capabilities and job creation. View More

Bharat Heavy Electricals Limited is pursuing coal gasification and coal-to-chemicals opportunities. The company expects progress in hydro power and pumped-storage projects this fiscal year. This strategic shift follows a recent assessment regarding its Maharatna company status. BHEL holds a substantial executable order book, with thermal business as its main anchor. The firm aims to build growth in non-thermal sectors as the power industry evolves. View More

New Delhi: State-run Bharat Heavy Electricals Ltd (BHEL) is targeting opportunities in coal gasification and coal-to-chemicals as part of efforts to bolster its financial health. While BHEL will commission fewer coal-fired power plants this fiscal year, it's expected to make progress in hydro power, pumped-storage projects and renovation and modernisation of ageing hydro plants, said company executives. BHEL's latest initiatives followed a rap from the Centre after the company failed to meet the criteria for Maharatna companies, raising the possibility that it may be downgraded to Navratna status . Also read: BHEL, Titagarh Rail to form JV for Vande Bharat sleeper maintenance According to an assessment in June, BHEL didn't meet the criteria of having an average annual profit after tax of more than ₹5,000 crore during the last three years for its Maharatna status. Live Events "BHEL has a record executable order book of around ₹2.60 lakh crore, with the core thermal business continuing to remain its principal revenue anchor," a senior company executive told ET. "However, the company is seeking to build additional growth engines in strategic non-thermal businesses as the power sector undergoes a structural shift." BHEL also has an outstanding hydro order book of about ₹5,500 crore. "Leveraging the established hydro-equipment and project-execution capabilities to participate in upcoming pumped-storage projects, equipment supplies, rehabilitation work and associated electrical systems is a growing opportunity," the executive said. .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;width: 100%;box-sizing: border-box} .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 Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

CEA V Anantha Nageswaran said India's economic momentum remained intact despite global risks and expressed confidence in meeting the FY27 fiscal deficit target. View More

On September 16, investors will monitor companies such as Tata Communications and Aurobindo Pharma due to various business updates, including new product launches, joint ventures, and settlement agreements.  View More