Adani Power Ltd's Rs 7,017-crore deal to buy thermal power assets of DB Power has fallen after the initial pact expired. "We wish to inform that the long stop date under the memorandum of understanding dated August 18, 2022, has expired," Adani Power said in a regulatory filing on Wednesday. Earlier in August 2022, Adani Power had informed the bourses that it has agreed to acquire DB Power Ltd (DB Power), which owns and operates a running 2x600 MW thermal power plant at district Janjgir Champa in Chhattisgarh.
New Zealand Cricket Players' Association boss Heath Mills has advised Daniel Vettori and Scott Styris not to sign the Indian Premier League contracts offered to them.
Amid speculation over the fate of the proposed India-Pakistan series, IPL chairman Rajeev Shukla today said there are "no immediate chances" of revival of cricketing ties between the two countries.
Australia captain Steve Smith played down a tense stand-off in pay negotiations between the players' union and the national cricket board, saying his team is highly motivated to cut a deal and play the Ashes against England.
