Adani Energy completes acquisition of Essar's Mahan-Sipat transmission assets for Rs 1,900 cr
Adani Energy Solutions on Thursday said it has completed the acquisition of Essar's Mahan-Sipat Transmission assets for an enterprise value of Rs 1,900 crore. The share acquisition is pursuant to definitive agreements signed in June 2022, a company statement said. According to the statement, Adani Energy Solutions Ltd (AESL), has acquired a...
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Markets rebound in early trade on firm global trends
16 May 2024 | PTI -
LG looks to enhance leadership in TV segment with products tailored for India
16 May 2024 | PTI -
Business brief
16 May 2024 | Agencies -
Aadhar Housing Finance shares make flat market debut
16 May 2024 | PTI -
IIFCL profit rises 44 per cent in FY24
16 May 2024 | PTI -
Government aims to boost use of artificial intelligence in food processing
16 May 2024 | PTI -
Sebi eases KYC compliance guidelines
16 May 2024 | PTI
Coal’s share in India power generation capacity drops below 50 per cent for first time since 1960s
The share of coal in India’s total power generation capacity dipped below 50 percent in the first quarter of 2024, the first time since the 1960s. The latest POWERup quarterly report from the Institute for Energy Economics and Financial Analysis (IEEFA) showed that renewable energy accounted for 71.5 percent of the...
MakeMyTrip posts Q4 profit of USD 171.9 million
Nasdaq-listed MakeMyTrip Ltd on Wednesday reported a multi-fold jump in profit at USD 171.9 million in the March 2024 quarter, aided by gains on tax credit and convertible notes value. The company had posted a profit of USD 5.4 million in the same quarter previous fiscal, MakeMyTrip said in a statement.
Markets snap three days winning run; Sensex slips over 100 points
Equity benchmark indices Sensex and Nifty ended lower on Wednesday after three days of rally, dragged down by selling pressure in HDFC Bank and unabated foreign fund outflows. Halting its three-day rally, the 30-share BSE Sensex declined 117.58 points or 0.16 per cent to settle at 72,987.03. During the day,...
Exports up one per cent in April; trade deficit widens to four months high
India’s merchandise exports rose by 1 per cent to USD 34.99 billion in April even as the trade deficit widened to a four-month high of USD 19.1 billion during the month, according to government data. Healthy growth in sectors such as electronics, chemicals, petroleum products and pharmaceuticals has helped in registering...
Gen Zs, millennials globally optimistic about economy, social situation: Survey
More than half of Gen Zs and two-thirds of millennials globally are optimistic about the economic and social situation of the country and expect it to improve further, a Deloitte survey said on Wednesday. Both generations are optimistic about GenAI and its potential benefits in improving the way they work with...
LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 pc public holding norm, scrip jumps 4 pc
Life Insurance Corporation (LIC) on Wednesday said markets regulator Sebi has granted an additional 3 years time till May 16, 2027 to comply with the 10 per cent public shareholding norm. Currently, Government holding in LIC is 96.50 per cent, while public holding is 3.50 per cent. "Securities and Exchange Board of...
TBO Tek shares zoom 55 pc in debut trade
Shares of travel distribution firm TBO Tek on Wednesday listed with a huge premium of 55 per cent against the issue price of Rs 920. The stock listed at Rs 1,380, rallying 50 per cent from the issue price on the BSE. It later zoomed 58.25 per cent to Rs 1,455.95...
