Mumbai: Tata Sons, the holding entity of the $410-billion Tata Group, has sought to voluntarily surrender its certificate of registration to the Reserve Bank of India (RBI) after repaying more than₹20,000 crore in debt in a strategic move that allows it to remain an unlisted, closely held company. If these loans were continued, Tata Sons …
India Inc’s first-quarter earnings have been mixed so far, with better-than-expected numbers from IT companies but slightly underwhelming performance from banks. As we approach the end of the earnings season, several companies, including Airtel, ONGC, LIC, Vedanta, and Tata Power, will announce their June quarter results this week. August 5 Bharti Airtel, ONGC, Marico, Bharti …
Aimed at the trinity of fiscal prudence, investment, and growth momentum, the Union Budget saw the introduction of employment incentives and a simplified income tax regime, which should boost consumption. Investors were, however, caught off guard due to the increase in LTCG and STCG tax rates, leading to a knee-jerk reaction on D-Street. “While the …
Updated Jul 6, 2024 | 07:23 PM IST Tata Power’s wholly owned subsidiary Tata Power Solar Systems Ltd launched the ‘Ghar Ghar Solar’ initiative in Uttar Pradesh. Furthermore, consumers can receive a maximum subsidy of up to Rs. 1,08,000 on rooftop solar installations. This includes a Central Government subsidy of Rs. 78,000 for installations up …
ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables India 11 (Serentica Renewables), Tata Power Renewable Energy, and ReNew Solar Power (ReNew) won significant capacities in NTPC’s auction to supply 3 GW of firm and dispatchable renewable energy (FDRE) from inter-state transmission (ISTS)-connected projects anywhere in India under FDRE Tranche II. The other winners were …
Just when the shares of Tata Consultancy Services (TCS) hit a fresh lifetime high of Rs 4,254.45 on BSE on Monday, investment banker JP Morgan issued the term sheet of a block deal in which Tata Sons was looking to sell 2.43 crore shares of the software company. The next day, a large block deal …
Investors betting on a further jump in the Tata Chemicals Ltd stock are in a spot after reports surfaced that Tata Sons Pvt. Ltd, the principal holding company of Tata Group, may restructure its balance sheet to avoid a mandatory listing by September next year. Investors betting on a further jump in the Tata Chemicals …
Shares of Tata Power Co Ltd snapped their five day gaining streak as investors booked profit at record highs today. The Tata Group stock hit a record high for the third straight session amid a rally in the market today. Tata Power stock hit an all-time high of Rs 335.80 in the current session. Later, …
Tata Power Company Ltd (Tata Power) shares fell in Thursday’s trade after the Tata group firm reported a 9 per cent year-on-year (YoY) rise in net profit on a similar growth in sales for the September quarter. Analysts were expecting 13-40 per cent rise in profit for the utilities company on a 6-17 per cent …
Here are the top stocks that could be in focus in today’s trade: Power Finance Corporation: State-owned Power Finance Corporation (PFC) on Wednesday posted a nearly 27% rise in its consolidated net profit to ₹6,628.17 crore in the July-September quarter compared to a year ago. The consolidated net profit of the company was ₹5,229.33 crore …