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SBI Surpasses TCS in Market Value After 15 Years, Reflecting Shift in Investor Sentiment

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  In a significant development for India’s corporate landscape, State Bank of India (SBI) has surpassed Tata Consultancy Services (TCS) in market capitalization for the first time in 15 years. The milestone underscores a broader shift in investor sentiment toward companies closely aligned with India’s domestic economic growth story. SBI’s shares rose 3.4% on Wednesday, hitting a record high and pushing its market valuation to approximately $120 billion. In contrast, TCS, long considered India’s most valuable company in the information technology sector, saw its stock decline 2.5% in Mumbai trading, bringing its market value to about $116 billion. The crossover reflects a dynamic change in sectoral leadership within India’s equity markets. Investor Optimism Fuels SBI’s Rally SBI’s impressive rise has been driven by strong investor confidence in the financial services sector. Since the beginning of the year, the bank’s stock has rallied nearly 20%, fueled by improving credit dema...
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Delhi Metro’s Magenta Line to Become Longest Corridor at 89 Km with 65 Stations

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  The Delhi Metro’s Magenta Line is set to become the longest corridor in the network, stretching approximately 89 kilometres and covering 65 stations across the national capital. With major expansions approved under Phase IV and Phase V (A), the corridor will significantly strengthen urban mobility and enhance seamless connectivity across Delhi. According to the Delhi Metro Rail Corporation (DMRC) , the extended Magenta Line will feature the highest number of interchange stations and underground stretches in the entire metro network, positioning it as a critical backbone for the city’s transport infrastructure. Expansion Under Phase IV and Phase V (A) The transformation of the Magenta Line comes after approval of Phase V (A), which includes an extension from Ramakrishna Ashram Marg to Indraprastha via Central Vista — one of the most prominent administrative and heritage zones of Delhi. Additionally, the Indraprastha–Inderlok corridor, currently planned under Phase IV, will be int...
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Centre Approves ₹887 Crore Mumbai Marina Project to Transform Harbour into Global Maritime Hub

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  In a major boost to India’s maritime and tourism sectors, the Centre has approved the development of a world-class Marina in Mumbai Harbour at an estimated cost of ₹887 crore. The ambitious project aims to position Mumbai as a leading maritime tourism destination while unlocking the potential of its historic waterfront. The project will be implemented through a hybrid development model, combining public investment in core infrastructure with private participation in onshore facilities. According to an official statement, tenders have already been floated, with bids scheduled to close on December 29, 2025. Hybrid Development Model Explained Under the approved framework, the Mumbai Port Authority (MbPA) will take responsibility for constructing the core marina infrastructure. The Authority is expected to invest approximately ₹470 crore toward marine-side infrastructure, including breakwaters, pontoons, and berthing facilities. Meanwhile, the selected private operator will invest an...
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CM Stalin Inaugurates ₹9,000-Crore Tata Motors–Jaguar Land Rover Plant in Ranipet; First Range Rover Evoque Rolls Out

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  In a significant step for India’s automotive manufacturing sector, Tamil Nadu Chief Minister MK Stalin on Monday (February 9) jointly inaugurated the Tata Motors Passenger Vehicles and Jaguar Land Rover (JLR) greenfield car manufacturing facility at SIPCOT Industrial Park in Panapakkam, Ranipet. The inauguration was held in the presence of Tata Motors and JLR Chairman N Chandrasekaran. Located around 80 km west of Chennai, the Ranipet facility marks a milestone moment as it becomes the first plant in the country where a premium luxury vehicle is fully manufactured, rather than assembled. The inaugural rollout of the Range Rover Evoque from the plant symbolised India’s growing capability in high-end automobile production. Stalin drives out first Range Rover Evoque At the launch event, Chief Minister Stalin took the driver’s seat and ceremonially drove the first Range Rover Evoque SUV out of the factory, officially marking the start of production at the Ranipet facility. The mo...
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Prisoner Exchange Talks in Abu Dhabi Highlight UAE’s Growing Role in Humanitarian Diplomacy

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  Delegations from the United States, Ukraine and Russia meet in Abu Dhabi for humanitarian prisoner exchange talks. Delegations from the United States, Ukraine and Russia have agreed to exchange 314 prisoners following talks held in Abu Dhabi, marking the first such swap in nearly five months. The discussions, described as detailed and outcome-focused, resulted in a humanitarian agreement at a time when diplomatic engagement between the parties has remained limited elsewhere. The negotiations were hosted in the United Arab Emirates , reinforcing Abu Dhabi’s position as a neutral meeting ground where rivals are still willing to engage on sensitive issues. While no immediate breakdown has been provided on how many prisoners each side will release, officials confirmed that the agreement prioritises humanitarian outcomes, with further discussions expected to continue in the coming weeks. Outcome-First Diplomacy Over Political Positioning U.S. special envoy Steve Witkoff said the talk...
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RCB Sale Buzz: Manchester United Owner Avram Glazer Bids ₹16,303 Crore for IPL Champions

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  Royal Challengers Bengaluru players celebrating IPL 2025 title amid reports of Avram Glazer bidding to buy the franchise Royal Challengers Bengaluru (RCB) are once again dominating headlines—but not for their on-field heroics this time. According to reports in The Week , Manchester United co-owner Avram Glazer has submitted a massive bid worth ₹16,303 crore (approximately $1.8 billion) to acquire the IPL 2025 champions. If completed, the deal would rank among the largest franchise acquisitions ever seen in Indian sport. The reported bid places RCB in an elite global bracket of sporting assets, underlining how dramatically IPL franchise valuations have surged over the past decade. Glazer Family Among Multiple Interested Buyers The Glazer family is understood to be one of nine parties that have submitted non-binding bids for RCB. Valuations reportedly range from $1 billion to $1.8 billion, reflecting intense competition for one of the IPL’s most commercially powerful teams. While...
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Will Formula 1 Return to India? Fresh Push to Revive the Indian Grand Prix at Buddh Circuit

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  Buddh International Circuit in Greater Noida, the former venue of the Indian Formula 1 Grand Prix More than ten years after Formula 1 last raced on Indian soil, hopes of a comeback are gaining momentum. The Indian government is actively exploring ways to bring the Formula 1 Grand Prix back to the Buddh International Circuit in Greater Noida , addressing the very issues that forced the race off the calendar in 2013. While no official announcement has been made, renewed discussions with Formula 1 Management have sparked optimism among motorsport fans and industry stakeholders. The Rise and Fall of the Indian Grand Prix The Indian Grand Prix made a high-profile debut in 2011 at the state-of-the-art Buddh International Circuit, a 5.125-kilometre track built along the Yamuna Expressway in Uttar Pradesh. Designed by renowned circuit architect Hermann Tilke, the venue quickly earned praise from drivers and teams alike. India’s Sports Ministry has begun discussions with track auth...
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