Cabinet enhances equity investment limit of POWERGRID to Rs 7,500 crore per subsidiary

IANS | February 24, 2026 4:03 PM

New Delhi, Feb 24 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved enhanced delegation to Power Grid Corporation of India Limited (POWERGRID), enhancing the permissible equity investment limit of the company from the current threshold of Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary -- while retaining the existing cap of 15 per cent of the company's net worth.

MSME sector rises on SIDBI confidence index despite global risks

IANS | February 24, 2026 2:17 PM

New Delhi, Feb 24 (IANS) A year-on-year analysis of the MSME Business Confidence Index (M-BCI) for the October-December 2025 quarter, at both composite and sectoral levels, indicates an improvement over the last one-year period despite the global risks as the domestic macroeconomic environment has offered strong support, according to a SIDBI outlook survey released on Tuesday.

AI threatens legacy software systems, IBM worst hit

IANS | February 24, 2026 1:49 PM

Mumbai, Feb 24 (IANS) Shares of IBM saw their sharpest single-day fall in more than 25 years after new fears emerged about how artificial intelligence could hurt one of the company’s most stable businesses.