Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91. The [...]
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has concluded the Myanmar Port sale for a total consideration of USD 30 million. In May 2022, APSEZ had announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion [...]
Indian Energy Exchange (IEX) on Thursday said its total trade volume increased by 6 per cent on a yearly basis to 7,928 million units (MU) in April. In a statement, the power trading exchange said "it achieved 7,928 MU overall volume in April 2023, including green market trade of 280 MU, 1.99 lac RECs (equivalent [...]
The railways has cancelled the tenders for the redevelopment of the New Delhi and Ahmedabad railway stations after the bids submitted turned out to be "excessively" high compared to the cost estimated by the national transporter. Sources said a high-level meeting will be held on Thursday to review the tender documents for the two stations. [...]
Reliance Power on Wednesday reported a net profit of Rs 321.79 crore for the quarter ended March 2023. The consolidated net loss of the company was Rs 657.89 crore in the quarter ended on March 31, 2022, according to a BSE filing. Total income of the company stood Rs 1,856.32 crore in the latest March quarter as [...]
State-run Central Bank of India on Wednesday said it has an outstanding exposure of Rs 1,305 crore to cash-strapped airline Go First as on March 31. The Wadia group-owned airline's plea for initiation of insolvency proceedings was mentioned before NCLT's Delhi bench-headed by president Justice Ramalingam Sudhakar and the bench agreed to an urgent hearing [...]
The Enforcement Directorate on Wednesday conducted searches at multiple premises linked to prominent Kerala-based non-banking financial company (NBFC) Manappuram Finance Ltd. as part of a money laundering investigation against it, official sources said. The raids are being undertaken to gather pieces of evidence related to allegations that the company collected public deposits worth more than [...]
Passenger vehicle retail sales in India declined by 1 per cent last month as buyers preponed purchases to March in order to avoid enhanced prices on account of stricter emission norms kicking in from April 1, automobile dealers' body FADA said on Thursday. The passenger vehicle retail sales declined to 2,82,674 units last month as [...]
Equity benchmark indices climbed in early trade on Thursday amid continuous foreign fund inflows and buying in index major Reliance Industries. The 30-share BSE Sensex climbed 77.64 points to 61,270.94 in early trade. The broader NSE Nifty advanced 27.7 points to 18,117.55. From the Sensex firms, Larsen & Toubro, Bajaj Finance, Titan, Tata Steel, Bajaj [...]
TVS Supply Chain Solutions, part of TVS Mobility Group, has re-filed draft IPO papers with capital markets regulator Sebi and cut the fresh issuance size to Rs 750 crore from Rs 2,000 crore planned earlier. The company, which got approval from Sebi in May 2022 to float the initial public offering (IPO), did not launch [...]
