Bid date for Allahabad project postponed on fears of higher tariff quotes.
Top names in the power and infrastructure sector, including Reliance Power, Lanco Kondapalli and Spanish firm Isolux Corsan, have evinced interest in setting up two power plants in Uttar Pradesh's Allahabad district.
Promoters of companies which have pledged their shares will be in a bind following the government's mandate that all listed companies must have a minimum 25 per cent public float. Although the government yesterday indicated it was open to a review of this rule, many companies will have to re-work their funding strategy if the norms are not amended.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Power generation and distribution is the most indebted sector
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
Several loyal party old guards were unhappy and had expressed their displeasure openly about "migrants" scuttling the chances of them becoming ministers.
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The league, which was announced on Sunday with 12 founding members, has been championed by Real Madrid president Florentino Perez, the new competition's chairman. It is now left with three Italian clubs -- AC Milan, Juventus and Inter Milan -- plus Perez's Real Madrid along with Barcelona and Atletico Madrid from Spain.
None of the Big Tech companies or tycoons appears to be playing a meaningful role in the testing, spread, cure, or eradication of the virus or even in contact tracing so far, says Prosenjit Datta.
This year has been the year of the no travel, which has left millions reminiscing on adventure-filled trips abroad. To celebrate the wonder of world travel, thousands of photography enthusiasts entered Agora #Travel2020, sharing the moments they feel captured the true essence of exploration. Octavi Royo, Agora's co-founder and CEO, said: "Thanks to these photos, we can travel to some amazing corners of our planet and see them from the point of view of travel photographers." Scroll down to see our pick of the shortlisted images...
'The youth associated with this movement were extremely talented.' 'But I personally believe violence cannot change anything in the world.'
The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
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Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
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Business should be pleasure, not pressure, believes Thrissur-based T S Kalyanaraman.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
