NTPC coal despatch rises 55%, output grows nearly 50% in FY24

The company despatched 34.15 MMT coal, while coal production stood at 34.38 MMT with a growth of nearly 50 per cent by the end of March 31, 2024, the company said in a statement.

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Best Agrolife acquires 100% stake in Sudarshan Farm Chemicals for Rs 139 crore

The acquisition will enable BAL to leverage SFCL#39;s proficiency in developing cost-effective and distinctive manufacturing routes for off-patent molecules, it said.

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Akasa Air commences international operations

In a statement on Thursday, the airline said it has been granted traffic rights for three other international destinations -- Kuwait, Jeddah, and Riyadh.

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Canara Bank to dilute 13% stake in Canara Robeco Asset Management through IPO

Canara Robeco Asset Management Company will be the fifth listed mutual fund house if it gets listed on the bourses.

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IHCL set to accelerate supply with over 90 new properties in pipeline

In FY24, the company had another year of accelerated portfolio expansion with 52 signings and 34 openings and achieved a portfolio of over 300 hotels, ahead of its market guidance under Ahvaan 2025, Indian Hotels Company Ltd (IHCL) said in a statement.

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Kalpataru Projects International, arms bag orders worth Rs 2,071 crore

The new orders include orders in the Transmission Distribution (TD) business in overseas markets, the statement said.

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Karur Vysya Bank — Is more steam left in the rally?

Deposits to dictate loan growth, going forward

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Reliance Power#39;s 2 subsidiaries settle Rs 1,023 crore debt

Reliance Power Ltd#39;s two subsidiaries -- Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have signed a debt settlement and discharge agreement with Reliance Commercial Finance Ltd (RCFL), a wholly-owned subsidiary of Authum Investment Infrastructure Limited, a regulatory filing said.

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Indiabulls Housing Finance accepts bids for dollar bonds, bankers say

The non-banking finance company will pay a coupon of 9.70% to investors, lower than the initial guidance of 9.95%, the bankers said.

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LIC gets GST demand notice of Rs 178 crore

The company has received a communication/demand order for interest and penalty from the Additional Commissioner, Central GST Central Excise Jamshedpur, LIC said in a regulatory filing.

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Proptech firm Aeria raises $1.8 million from investors to expand business

In a statement, Aeria said it has closed USD 1.8 million pre-seed funding round led by Kalaari Capital and Foundamental along with AC Ventures and AL Trust. Many angel investors also participated.

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Zensar– Why it deserves long-term attention now

With decent progress on order inflows, the company’s revenue trajectory is set to look up

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NMDC exploring lithium assets in Africa and Australia

In June last year, Reuters reported that NMDC#39;s unit Legacy Iron Ore had signed a lithium exploration pact with Australia#39;s Hancock Prospecting Pty Ltd.

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Indian government rejects Hindustan Zinc#39;s plan to split company: Report

The Indian government is the largest minority shareholder in Hindustan Zinc, owning a 29.54% stake, but was not consulted by the company when it decided to split the firm to create separate entities for its zinc, lead, silver and recycling business, the government source said requesting anonymity.

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Accenture disappoints – What’s in store for the Indian IT players?

Higher FII inflow, along with a better demand outlook for IT services, may set the stage for brighter days for the sector in the second half of FY25

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Share block in India raise $7.1 billion as Tata, BAT cash in

Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January to March period in 2010, data compiled by Bloomberg show.

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Shapoorji Pallonji Group seeks to raise up to Rs 20,000 cr from lenders: Report

The group has reached out to Power Finance for up to Rs 15,000 crore, the largest chunk in the planned fundraising, the report said

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Shapoorji group seeks up to $2.4 billion from lenders

The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not be identified because the details are private.

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Top Canadian pension funds invest $438 million in Indian highways trust, boost infra bets

In the trust backed by the Indian government for developing national highways, the Canada Pension Plan Investment Board and the Ontario Teachers#39; Pension Plan Board invested C$297 million and C$298 million, respectively, the funds said in separate statements on Tuesday and Wednesday.

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HDFC Bank closes $1.15 billion stake sale in HDFC Credila

The deal, announced in June last year, was part of mandated regulatory requirements before the completion of mortgage lender Housing Development Finance Corp#39;s merger with HDFC Bank.

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Indian infra lender considers bond sale to raise up to $4.8 billion

NaBFID, as the institution is called, is likely to sell bonds with tenors spanning from 10 to 20 years in the financial year starting April 1, the people said, asking not be identified because the details are private.

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Ashok Leyland, Minus Zero partner to deploy autonomous trucking solutions

Bengaluru-based Minus Zero is an autonomous driving technology startup and this partnership aims to revolutionise commercial trucking through autonomous solutions at scale.

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Sun Pharma gets regulatory nod in Australia for acne treatment cream

The approval is for Winlevi (clascoterone cream 1 per cent), which is indicated for the topical treatment of acne vulgaris in patients 12 years of age and older, the company said in a statement.

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Gensol Engineering sets up 160 MW solar project in Gujarat at Rs 128 crore

The company has set up the ground-mounted project for Continuum Green Energy on engineering, procurement, and construction (EPC) basis, it said in a regulatory filing.

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Adani bonds, shares decline as US expands probe into the group

A note from unit Adani Ports Special Economic Zone Ltd. due in 2041 slid 2.4 cents, the most since August, to 79.1 cents. Another bond from subsidiary Adani Renewable Energy RJ Ltd. due 2039 fell 2.3 cents to 83 cents, the worst drop since February 2023.

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Adani’s next big test is a $2 billion airport for crowded Mumbai

In many ways, the Adani Group-helmed $2.1 billion project in the satellite city of Navi Mumbai is a microcosm of the massive infrastructure overhaul underway in India as its Prime Minister Narendra Modi seeks to outrun China.

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Spanish infra developer Ferrovial acquires $800 million stake from GIC in IRB Infrastructure Trust

This is the second investment by Ferrovial in the IRB group. In 2021, it acquired a 24.86 percent stake in the listed flagship of the group — IRB Infrastructure Developers

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99% wipe out guaranteed in the near-term if you invest in this sky-bound stock

Jet Airways has gained 11 percent over the past five trading sessions on the news of the resolution plan being approved

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Jefferies calls smallcap, midcap selloff as healthy correction, not a larger meltdown

ore than 80 percent of stocks in the BSE Small-cap index have recorded negative returns since February 19 when the index started falling

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JPMorgan’s India ECM head Abhinav Bharti is said to leave bank

Abhinav Bharti is leaving after working for more than 13 years with JPMorgan, according to his LinkedIn profile.

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Decoded: Mutual funds, FIIs are net buyers, then why are small, midcaps bleeding

AMFI advisory to its members to moderate inflows into small cap and midcap schemes, RBI#39;s crackdown on NBFCs and ED raids on entities linked to Hari Shankar Tibrewala have all come together to build a perfect storm

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March madness is coming for the global shipping industry

March is the traditional low season for the global logistics industry and also the time when ship operators, importers and freight forwarders sit down to discuss long-term contracts. With multiple international crises including wars and economic uncertainty, companies are having a tough time deciding how much long-term capacity and revenue targets to lock in

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Fedbank Financial – Why the time has come to look at this stock

Valuation turning attractive for a decent RoA

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Hyundai seeks to target performance-oriented niche segment with N Line range

"In 2021, we sold 3,196 (units of ) N Line. In 2022, we sold 7,560 N Line and in 2023, we sold 9,718 N Line...overall 22,000 N Line....the numbers are increasing. At the same time, frankly, I don#39;t think volume is an objective in N Line. We understand it#39;s a niche market," Garg said in an interaction.

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BAT is said to launch ITC selldown as soon as this week

London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said.

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Ujjivan SFB: Why the recent underperformance merits attention

Valuation looks attractive in the context of high RoA

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IndianOil set to join high table of F1 fuel producers

The firm#39;s refinery at Paradip in Odisha will in three months produce the petrol used in F1 car racing, its chairman Shrikant Madhav Vaidya said.

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RVNL bags Rs 543 crore order from Madhya Pradesh Metro Rail

The company said it has an order book of around Rs 65,000 crore, which roughly constitutes 50 percent from railway projects

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BlackRock appoints Maheshwar Nataraj to lead private credit in India

Maheshwar Nataraj has been leading the firm’s sourcing and managing private credit investment in India, which poses “exciting opportunities,” according to a company spokesperson’s statement.

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Esaf Small Finance Bank – Is it an opportunity as the stock price is back to the IPO level?

Because of the predominance of microfinance, asset quality has worsened

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Suzlon bags 72.45 MW wind power project from Juniper Green Energy

As part of the project, Suzlon will install 23 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 Megawatt (MW) each at the client#39;s site at the Dwarka district in Gujarat, a company statement said.

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Healthcare innovation market in India could double to $60 billion by 2028: Bain Co

Investor caution, driven by lengthy RD cycles and monetisation processes, binary outcomes, and a lack of technical expertise, is undergoing transformation, said Bain. Twelve of the top 20 global Pharma firms have set up Global Capability Centres in India

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Paramount in talks to sell India TV stake to Mukesh Ambani’s Reliance: Bloomberg

The New York-based media company has been in advanced talks to sell its minority stake in Viacom18 Media Pvt. to Reliance, said the people, who asked to not to be identified as the information is private.

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Google, Walmart gain India fintech users after paytm curbs

The value of Paytm payments made on India’s state-backed transactions system fell 14% to 1.65 trillion rupees ($19.9 billion) from January, the National Payments Council of India said on its website Wednesday.

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NPCI joins hands with IISc for joint research on blockchain, AI tech

The collaboration will also propel further innovation through the establishment of the #39;NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research Development#39;.

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NFRA engages with companies#39; independent directors, audit committees to further improve audit quality

Amid instances of corporate misdoings and auditing lapses, regulators are taking various measures to strengthen the framework for financial reporting.

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Blackrock sees India, Indonesia as promising for investment opportunities

Manjesh Verma, BlackRock Head of APAC Credit and Fixed Income Research, at an investment forum in Jakarta said the two emerging market countries were advantageous due to their large populations.

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Tata Motors zooms to 52-week high on demerger decision, brokerages upbeat

Tata Motors#39; decision to demerge its passenger vehicle and commercial vehicle businesses is expected to create better value for the company and investors, analysts have said

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Tata Motors may accelerate as demerger decision boosts brokerages

The demerger looks like a good thing for the stock and we could see a positive reaction in the coming weeks which can attract investments as well, an analyst said on the condition of anonymity

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Tata Motors#39; CV, PV demerger is a #39;non-event#39; on immediate basis, says Nuvama

"Think of it like JIO#39;s recent demerger from Reliance Industries Limited, where JIO got listed separately and eventually (in the next few days) got excluded from the domestic indices", Nuvama said

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