Adani Power announced on Thursday that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) with an upfront payment of ₹4,101 crore. LAPL is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, as stated in a filing …
3 min read Last Updated : Aug 13 2024 | 7:07 PM IST National miner Coal India Ltd (CIL) has lifted all restrictions on the amount of coal that power generation units can procure, allowing power plants with fuel supply agreements (FSA) to acquire as much fossil fuel as they need. This marks a …
Nifty earnings are expected to remain flat to up to 4% rise on a year-on-year basis for the quarter ended June 30, 2024, according to estimates by brokerages Kotak Institutional Equities and Motilal Oswal Financial Services (MOFSL). While Kotak sees Nifty universe to report flat (0.6%) earnings on a YoY basis, MOFSL estimates a 4% …
Lumax Tech: Net profit at Rs 51.0 cr vs Rs 24.0 cr, Revenue at Rs 757 cr vs Rs 493 cr. (YoY) Natco Pharma: Net profit at Rs 386 cr vs Rs 276 cr, Revenue at Rs 1068 cr vs Rs 898 cr. (YoY) Sumitomo Chem: Net Profit at Rs 110 cr vs Rs 55 …
Key Q4 Results Live Updates: With the likes of Maruti Suzuki, Wipro, Bajaj Finserv Infosys, TCS, HCL Technologies, HDFC Bank, Shriram Finance, Jio Financial, Reliance Industries, Tata Consumer Products, HUL, Axis Bank, Vedanta, Tech Mahindra, Bajaj Finance having already released their earnings for the quarter ended March 31, 2024, the Q4 earnings season is now …
Stocks to buy: After three consecutive sessions of gains, Nifty 50 traded lower on Tuesday, March 26, amid weak global cues and the absence of fresh domestic triggers. Nifty50 opened at 21,947.90 against its previous close of 22,096.75 and touched its intraday low of 21,947.55. Around 11:30 am, the index was 0.26 per cent down …
Nifty heavyweights HDFC Bank, Jio Financial Services and Adani Power will be in focus ahead of the Thursday rejig in Nifty indices. These stocks are expected to be among the biggest beneficiaries of the latest semi-annual adjustment exercise that could trigger cumulative inflows of over $650 million, according to estimates by Nuvama. HDFC Bank will …
State-run coal mining companies aim to achieve an installed renewable energy capacity of over 9 GW by 2030, said an official statement on Tuesday. Coal India, its subsidiaries and other public sector coal mining companies currently have an installed renewable energy capacity of 1.75 GW, including 1.7 GW of solar and 51 MW of wind …
Zomato: Antfin Singapore Holdings Pte, a subsidiary of the China-based Ant Group, is reportedly planning to sell up to 2% stake or 17.64 crore shares in the food delivery platform Zomato. The transaction, which is expected to be worth ₹2,800 crore, will be conducted through a block deal, reported CNBC-Awaaz on Tuesday. The block deal’s …
Global investment banking firm Jefferies sheds light on the remarkable turnaround of Indian Public Sector Undertakings (PSUs) over the past 12 months, marking a significant departure from a decade of underperformance prior to 2020. The PSU Index has surged, outperforming the Nifty by an impressive 70% in the last year, driven by notable earnings per …