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NIIF exits from Ather Energy throuh block deals

NIIF exits from Ather Energy throuh block deals

by | Feb 11, 2026 | Business


Electric two-wheeler maker a few days back reported a sharp improvement in its financial performance for the December quarter
| Photo Credit:
FRANCIS MASCARENHAS

National Investment and Infrastructure Fund (NIIF) on Wednesday exited from Ather Energy by offloading its entire 1.92 per cent stake in Ather Energy through block deals on the BSE and the National Stock Exchange.

It sold nearly 32.79 lakh shares of EV auto maker on the NSE and 40.54 lakh shares on the BSE at ₹710 each.

At the end of the December quarter, the National Investment and Infrastructure Fund II had held 1.92 per cent stake in the company.

NIIF is a sovereign-linked alternative asset manager anchored by the Government of India.

However, both the exchanges did not disclose the buyer details.

The stock on Wednesday closed at ₹715.95, down 1.53 per cent on the BSE.

Electric two-wheeler maker a few days back reported a sharp improvement in its financial performance for the December quarter. The company’s loss for Q3 FY26 fell 57 per cent year-on-year to ₹84.6 crore from ₹197.5 crore in the year-ago period, and narrowed sequentially from ₹154.1 crore in the September quarter, reflecting improving operating leverage on higher volumes, stronger pricing and rising software-led revenues.

Published on February 11, 2026



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Uranium eases from over 0/lb as analysts differ on its prospects for 2026

Uranium eases from over $100/lb as analysts differ on its prospects for 2026

by | Feb 11, 2026 | Business


Radioactive heavy metal uranium soared over $100 a pound last month due to supply disruption, but analysts are divided on the prospects for the critical mineral for 2026. 

In the long-term, the metal’s prospects are promising with the emergence of structural deficit. Swiss multinational financial services firm UBS has forecast a 3 per cent growth in nuclear reactor demand over the next few years, from 2 per cent during 2020-25. 

Price outlook

“We think spot prices for uranium hit a ceiling in January 2026 after rallying more than 25 per cent to highs above $100/lb. In our view, the uranium market is only in a minor deficit currently, with supply from Central Asia, Canada and Namibia likely to support demand for the next 2-3 years,” said research agency BMI, a unit of Fitch Solution.

Australia’s Office of the Chief Economist (AOCE), in its forecast to 2028, sees spot prices rising from $73 a pound in 2025 to an average of $91 in 2027 as demand growth continues to outpace supply. 

Vancouver-based global investment bank Canaccord Genuity sees uranium prices at $110 in the long term, while Swiss multinational investment bank UBS has forecast demand for nuclear reactors at 3 per cent

Currently, uranium is ruling at $82 a pound, after a fresh bout of increase in supply outweighing demand. 

Supply disruption

BMI said spot prices, which track market sentiment towards uranium, surged in response to supply disruption throughout 2025. The world’s two largest uranium mining companies, Kazatomprom and Cameco, cut production guidance for key projects due to a mix of weak prices and operational challenges.

“While we remain bullish on uranium over the medium to long term, we think prices may struggle to head higher than $100/lb this year, for two reasons,” said the research agency. 

First, spot uranium is currently trading more than 10 per cent above the term price, which tracks the price utilities pay for delivery of uranium over the next 3-10 years. “This suggests the recent rally in the spot market is mostly speculative, rather than driven by fundamentals,” said BMI.

Second, a decision on whether to approve NexGen’s Rook I Project in Canada’s Saskatchewan province is due to be delivered in the coming weeks by the Canadian Nuclear Safety Commission, which is holding a hearing on the project currently. 

US deal boosts sentiments

“If the project is approved, it will be on track to deliver over 10,000 tonnes of uranium annually in the early 2030s. This would add to fears of a supply glut in uranium, weighing on both the spot price and the term price,” it said.

UBS and Canaccord are bullish on the price outlook for uranium as supply-side challenges continue against rising demand.

The AOCE said a $80 billion deal to build reactors in the US boosted sentiment. In late September 2025, prices rose to over $83 following the release of the World Nuclear Association (WNA) fuel report. 

The WNA estimates that global nuclear capacity will likely triple by 2050 to meet decarbonisation and electrification goals. But years of underinvestment have hollowed out the uranium project pipeline.

Cautious capital commitment

The US plans to quadruple domestic nuclear capacity, a narrative that has recentered uranium as a strategic fuel rather than a legacy commodity. China has almost tripled its nuclear capacity in the last decade and is aiming to add a further 150 nuclear reactors over the next 15 years.

France is implementing a Nuclear Acceleration Act. Numerous countries are reversing plans to phase out or retire nuclear energy plants, and countries such as South Korea are seeking to accelerate their nuclear plans.

Lobo Tiggre, CEO of IndependentSpeculator.com, said even at a spot price above $80 per pound, major producers such as Cameco and Kazatomprom have been cautious about committing capital to new large-scale developments.

BMI said currently, the uranium market is only modestly  under supplied. It estimates uranium production from Kazakhstan, the world’s largest uranium miner, to have increased by 8 per centin 2025, despite shortages of sulphuric acid.

Removing metal from circulation

“We forecast another 5 per cent increase in Kazakh supply for 2026. In Canada, the world’s second-largest producer, we expect production to rise by 12 per cent in 2026 as development delays ease at Cameco’s McArthur River/Key Lake mining and milling operation,” it said. 

In Namibia, the world’s third-largest producer, the research agency expects volumes to increase by 15 per cent year-on-year.

Canaccord Genuity said physical uranium investment vehicles, particularly the Sprott Physical Uranium Trust, have removed tens of millions of pounds from circulation, tightening availability even further. That tightening is occurring alongside geopolitical fragmentation.

It said that since the early 2000s, a genuine step-change in demand is being witnessed in uranium that is catered towards nuclear. Public and private investment are now strongly supportive.

Further gains

BMI said in 2026, any further gains for uranium prices will likely come from strong retail demand and/or policy support. “In recent years, purchases of physical uranium by investment trusts, including the Sprott Physical Uranium Trust in Toronto and Yellow Cake Plc in London, have tightened both the spot and term markets, with both trusts stockpiling uranium that, in theory, will never be used for nuclear energy,” it said. 

Since the Russian invasion of Ukraine in 2022, governments have also intervened in the uranium market, with Russia being the world’s largest producer of enriched uranium. 

BMI said the US Department of Energy could also designate uranium as a critical material, as it did with coking coal in May 2025, which would require amending the definition of a non-fuel material under the 2020 Energy Act. 

“Whichever way it happens, we would expect further recognition of uranium’s importance by the US government to boost sentiment in the spot market and increase contracting volumes in the term market,” said the research agency.

Published on February 11, 2026



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गाड़ियों की खरीद से लेकर 10 लाख रुपये से ज्यादा निकासी पर… इनकम टैक्स रूल्स 2026 का मसौदा जारी

गाड़ियों की खरीद से लेकर 10 लाख रुपये से ज्यादा निकासी पर… इनकम टैक्स रूल्स 2026 का मसौदा जारी

by | Feb 11, 2026 | Business


Draft Income Tax Rules 2026: CBDT यानी सेंट्रल बोर्ड ऑफ डायरेक्ट टैक्सेज़ ने इनकम टैक्स रूल्स 2026 का ड्राफ्ट जारी किया है. इस ड्राफ्ट का मकसद आयकर नियमों को आसान और ज्यादा स्पष्ट बनाना बताया गया है. ड्राफ्ट में कई ऐसे अहम प्रस्ताव शामिल हैं, जिनका सीधा असर आम करदाताओं पर पड़ेगा.

ड्राफ्ट के मुताबिक, किसी वित्तीय वर्ष में 10 लाख रुपये या उससे अधिक की रकम जमा करने या निकालने पर PAN देना जरूरी होगा. अभी तक यह नियम एक दिन में 50 हजार रुपये जमा करने पर लागू होता था, जिसे बदलने का प्रस्ताव रखा गया है. वाहन खरीद से जुड़े नियमों में भी बदलाव का सुझाव दिया गया है. प्रस्ताव के अनुसार, 5 लाख रुपये या उससे महंगी कार या दोपहिया वाहन खरीदने पर PAN अनिवार्य होगा. फिलहाल किसी भी कीमत की गाड़ी खरीदने पर PAN देना जरूरी है.

नए इनकम टैक्स एक्ट में कई बदलाव

ड्राफ्ट में होटल, रेस्टोरेंट और अन्य कार्यक्रमों में किए जाने वाले भुगतान की सीमा बढ़ाने का भी प्रस्ताव है. इसे मौजूदा 50 हजार रुपये से बढ़ाकर एक लाख रुपये करने की बात कही गई है. अचल संपत्ति से जुड़े लेनदेन को लेकर भी सीमा में इजाफे का प्रस्ताव रखा गया है. ड्राफ्ट के अनुसार, 20 लाख रुपये या उससे अधिक की संपत्ति खरीदने, बेचने या उपहार में देने पर PAN देना अनिवार्य होगा. अभी यह सीमा 10 लाख रुपये है.

इंश्योरेंस से जुड़े नियमों में भी बदलाव का प्रस्ताव शामिल है. ड्राफ्ट में कहा गया है कि किसी भी इंश्योरेंस कंपनी के साथ अकाउंट खोलने के लिए PAN देना जरूरी होगा. फिलहाल यह नियम 50 हजार रुपये या उससे अधिक के प्रीमियम पर लागू होता है.

टैक्स फ्री एजुकेशन एलाउंस बढ़ाने का प्रस्ताव

हाउस रेंट अलाउंस यानी HRA से जुड़े नियमों में भी बदलाव सुझाए गए हैं. ड्राफ्ट के मुताबिक, मेट्रो शहरों की सूची में इजाफा किया गया है. पहले इस सूची में दिल्ली, मुंबई, चेन्नई और कोलकाता शामिल थे, जबकि अब इसमें बेंगलुरु, पुणे, हैदराबाद और अहमदाबाद को भी जोड़ने का प्रस्ताव है.

इसके अलावा बच्चों से जुड़े टैक्स फ्री अलाउएंस की सीमा बढ़ाने की बात भी ड्राफ्ट में कही गई है. बच्चों के लिए टैक्स फ्री एजुकेशन अलाउएंस को 100 रुपये से बढ़ाकर 3000 रुपये प्रति बच्चा करने का प्रस्ताव रखा गया है. साथ ही बच्चों के हॉस्टल अलाउएंस की सीमा भी बढ़ाने की योजना है. ड्राफ्ट के अनुसार, इसे मौजूदा 300 रुपये से बढ़ाकर 9000 रुपये प्रति बच्चा करने का प्रस्ताव किया गया है.

ये भी पढ़ें: 8वें वेतन आयोग पर सरकार ने राज्यसभा में दिया अपडेट; केंद्रीय कर्मचारियों के लिए काम की खबर, जानें डिटेल



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Beti का Future Secure: Delhi Sarkar की Lakhpati Bitiya Master Plan| Paisa Live

Beti का Future Secure: Delhi Sarkar की Lakhpati Bitiya Master Plan| Paisa Live

by | Feb 11, 2026 | Business


Delhi सरकार ने बेटियों की education और future को secure करने के लिए Lakhpati Bitiya Yojana 2026 launch की है। यह scheme Ladli Yojana का updated version है, जिसमें जन्म से graduation तक पढ़ाई पूरी करने पर ₹1 lakh से ज्यादा financial support मिलेगा। सरकार बेटी के नाम पर ₹56,000 invest करेगी, जो interest के साथ 18–21 साल में ₹1 lakh बन जाएगा। Amount installments में मिलेगी—जन्म, school milestones और college के समय। Scheme का aim है कि कोई भी बेटी पैसों की वजह से पढ़ाई न छोड़े।                                                                        



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Broker’s Call: Star Cement (Buy)

Broker’s Call: Star Cement (Buy)

by | Feb 11, 2026 | Business


Target: ₹295

CMP: ₹219.20

Star Cement reported healthy growth across financial parameters led by robust year-on-year volume growth of 21.5 per cent. Revenue/EBITDA/PAT grew 22.4 per cent/94.3 per cent/720.3 per cent to ₹880 crore/₹203 crore/₹74 crore respectively. PAT saw significant jump, primarily on low base, from about ₹9 crore to ₹74 crore.

The company’s capex plans remain intact. Silchar grinding unit of 2 mtpa is expected to commission by February-end, 2026. Star Cement has plans to set up units in Bihar, Assam, Rajasthan and Haryana. The overall capex for four major projects is estimated at ₹4,800 crore with commissioning targeted by H2FY29 or early-FY30. With the current capex plans, Star Cement’s total cement and clinker capacities are expected to increase to 16.7/9.1 mtpa from 7.7/6.1 mtpa respectively by FY30. This excludes its plan to add 2-mtpa cement capacity and clinker capacity in Assam, which is currently deferred.

The company is expected to raise funds through QIP in order to meet the capex needs with an aim to maintain Debt/EBITDA ratio of <1.5x.

Star Cement’s new business verticals, part of its forward integration plans, will be additional growth driver. Due to improved demand and operating leverage, we upgrade our FY26E/FY27E EPS estimates by 16.9 per cent/2.1 per cent to ₹7.9/8.4, respectively. We value the stock at 13.9x of its rolling one-year forward EV/EBITDA and keep our target price unchanged at ₹295.

Published on February 11, 2026



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