The shares of Kirloskar Oil Engines Ltd jumped nearly 15 percent after a huge block deal involving 25 million shares traded hands in the early hours of Wednesday, as per the data on NSE. The deal value is estimated to be around Rs 825 Crores. Though the details of the buyers and sellers were not [...]
In the past twelve months, the stock of the Federal Bank has rallied over 50%. The shares of the company were trading at around Rs 135 a piece during the early hours of trading on Wednesday. This is twice the gains of NIFTY Bank, the benchmark bank index during the same period. It has surged [...]
Some parts of the country are celebrating the festival on March 07, while a few others are celebrating on March 08. Indian equity markets have outperformed their global peers for the most part of the last year. In this report, we’ll take a look at stocks that have given multibagger returns since last year. Banking [...]
The government is planning to create a carry over stock of ethanol for the next year anticipating a rise in demand for E20 fuel in the country, according to a senior food ministry official. E20 fuel is a blend of 20 per cent ethanol with petrol. The government aims to achieve the 20 per cent [...]
Embattled Adani Group on Tuesday said it has repaid share-based financing of Rs 7,374 crore (over USD 900 million) and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors. The repayment will release pledge on shares of promoters [...]
The Ministry of Power has mandated new coal or lignite-based thermal plants to either set up renewable energy capacity equivalent to at least 40 per cent of the thermal plant's capacity or procure that much supply of green energy under renewable purchase obligation. Earlier this month the power ministry amended the Tariff Policy 2016 under [...]
The National Company Law Tribunal (NCLT) on Tuesday approved the Mumbai-based Suraksha group's bid to buy Jaypee Infratech Ltd, a development that comes as a relief for more than 20,000 homebuyers nearly six years after the debt-ridden company entered into the insolvency process. The ruling, which also comes nearly two years after the Committee of [...]
As part of a post-Budget Webinar, the Finance Ministry on Tuesday hosted virtual discussions on the six chosen subjects following an address by Prime Minister Narendra Modi. The webinar had six breakout sessions on various themes, including creating growth opportunities in GIFT International Financial Services Centre, facilitating seamless credit flow for MSMEs and enhancing customer [...]
Adani Power on Tuesday said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself. An amalgamation of six wholly-owned subsidiary companies of Adani Power Ltd (APL) -- Adani Power Maharashtra Ltd (APML); Adani Power Rajasthan Ltd (APRL); Udupi Power Corporation Ltd (UPCL); Raipur Energen Ltd (REL); Raigarh Energy Generation Ltd (REGL) and [...]
Equity market opened sharply lower on Wednesday, with Sensex sliding more than 300 points as the US Federal Reserve's hawkish view on interest rate trajectory and weak global cues hit investor sentiments. Most of the Asian markets, including Hong Kong, were also trading in the negative territory. After registering gains for two straight sessions, the [...]
