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.
The Indian middle class remains optimistic about their future and the prospects of the country's economy, despite the global financial meltdown, says a report.
Battered by the financial meltdown, which turned worse in late 2008, the American economy has seen millions of jobs losses.
Debt levels of BRIC governments -- Brazil, Russia, India and China -- are likely to remain more or less unchanged during the next five years, while it will rise "dramatically" in the US, Japan, and the UK, says a report.
Adani group firm Adani Ports & SEZ paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research. Adani Ports and SEZ paid SBI Mutual Funds' due amount of Rs 1,500 crore on Monday and will also pay another Rs 1,000 crore of commercial papers due in March (as per the payment scheme), a company spokesperson said. "This part prepayment is from the existing cash balance and funds generated from the business operations," the spokesperson said.
On Thursday, Adani Enterprises announced that it will not go ahead with acquiring Macquarie group's two road companies at an enterprise valuation of Rs 3,100 crore.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
The changeover to green crackers after extensive experiments marks a revival of the industry which has over 1,000 manufacturing units around Sivakasi and used to clock an annual turnover of over Rs 6,000 crore.
Indian real estate saw 14 such private equity (PE) exits, worth $457 million (around Rs 2,285 crore) in 2011. Of these, promoters bought out existing PEs or other financial sponsors in eight deals, according VCCEdge, the research platform of VCCircle.
When we look at the pension expenditure of the states, so far, there has been no gain from the NPS reform. Pension expenses as a share of total state revenue expenditure rose from 4% in 1991-1992 to 10% at the time of the NPS reform, and have risen further to about 12%, observes Ajay Shah.
It is 10 times the price of a normal DB5.
Ajit Mishra answers reader queries on the stock market.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
There is a 20 per cent growth in demand for 'full stack developers' in India.
James Bond's Nemesis Drives Jaguar C-X75 in 'Spectre' !!
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
While Mcleod Russel, ADF Foods, Indiabulls Real Estate, DCM Shriram and BSE have announced buyback through open market route, the remaining 23 companies plan to buy back their shares via tender offers
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
Admittedly, EVMs too have a UID number and any convergence of data can make the secret ballot system a party of history, warns Dr Gopal Krishna in the 5th part of his series against Aadhaar.
Big Mumbai developers' inventory at Rs 53.4 crore.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The return of Indian Readership Survey numbers has met with a silent response.
The 25-year-old telecom engineer from Lahore says his employer had 'no idea' of his secret cyber life and his recent exploits.
Isn't National Intelligence Grid and UIDAI engineered by vested interests, asks Gopal Krishna.
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