'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
Delivering on yet another poll promise, the Aam Aadmi government on Tuesday announced a 50 per cent subsidy on power consumption upto 400 units in Delhi and was well on course to ordering a CAG audit into the finances of three private power distribution companies.
Corporate clients form more than half of the business for most branded hotels, especially in cities.
Telcos have indicated that rates will have to be raised, as higher volumes alone will not suffice to meet the higher costs.
The Shiv Sena on Wednesday staged protest at various places in Mumbai against the tariff hike announced by power suppliers in the state including the Reliance Energy.
The 50-share NSE Nifty plunged 98.65 points, or 0.87 per cent, to end at 11,278.90.
The Dabhol power plant has seen power generation plunge in recent days on account of dwindling gas supplies.
The Congress fielded Channi from two seats -- Chamkaur Sahib in Rupnagar and Bhadaur in Barnala, a move which showed how much the Congress was banking on him. He lost both, and the party received a drubbing from the AAP.
Acquisitions may have played a role in much of the increase.
The Congress leader is trying his best to end his party's 27-year exile from power in UP.
Yes Bank gained the most, spurting 5.94 per cent. Bajaj Finance, Hero MotoCorp, TCS, HUL, Bajaj Auto, HCL Tech, Infosys, SBI, M&M, ICICI Bank and Tata Motors rose up to 1.65 per cent.
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
Trump congratulated Modi on his election victory and said that the two countries would work together in many areas including military.
The company had received a loan restructuring package from banks under the 5/25 scheme last year.
In the early part of 1800, a 30-acre plot next to Fort Gloster on the banks of river Hooghly in Howrah district of Bengal was the nerve centre of industrial activity; it housed India's first steam-powered cotton mill, Bowreah Mills, which was set up by a British merchant and went on to become a hub of factories - a rum distillery, foundry, cotton yarn factory, an oil mill and a paper mill, et al. Spearheaded by Dwarkanath Tagore, the industrialist grandfather of Rabindranath Tagore, the commercial complex was possibly the first of its kind in the country. Close to 200 years later, after much ebb and flow of history, the hub is set for a resurgence of sorts.
Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12.
At Rs 1.196 per unit, power tariff reaches new bottom.
Among other gainers, Sun Pharma rallied 5.73 per cent, IndusInd Bank 5.50 per cent and Yes Bank jumped 2.65 per cent.
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago.
Tikait has been at loggerheads with various governments on a range of farmers' issues, including loan waivers, minimum support price, power tariff and land acquisition in states such as UP, Haryana Rajasthan, Madhya Pradesh.
This is a high-stakes strategic conflict between a power which wants to preserve the status quo in its favour and one which wants to usurp that throne. The rest is all theatre, says Harsh V Pant.
BJP's total silence on Delhi statehood is intriguing.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
A digital economy can only work with uninterrupted electricity supply. So, states now face the unpleasant task of telling their citizens that electricity rates need to be hiked. Subhomoy Bhattacharjee reports.
You will now have to pay more for electricity, piped cooking gas, and taxi, autorickshaw and bus fares because of the hike in gas prices.
The businessmen in the Maharashtra have given a cry of 'remove Ajit Pawar' against the high tariff of electricity.
The discount will be given on the base fare and charges like GST, reservation fee, superfast tariff and others will be levied separately.
Congress legislators will spend Thursday night inside the Karnataka legislative assembly and council, demanding the sacking of Rural Development and Panchayat Raj Minister K S Eshwarappa and also that he be booked for sedition for his statement about the national flag.
India's economy could also suffer some ill-effects without necessarily triggering retaliation via higher tariff barriers against Indian goods, says Devangshu Datta.
Pence accused the Chinese government of orchestrating an aggressive military, economic and political campaign to expand its influence inside the US and across the world.
Five states -- Maharashtra, Haryana, Rajasthan, Punjab and Gujarat -- face a massive power crisis.
The wider NSE Nifty too fell by 20.15 points or 0.19 per cent to end at 10,749.75.
The e-auction is seeing aggressive bidding.
ICICI Bank was the top gainer in the Sensex pack, surging 4.64 per cent, followed by Axis Bank at 3.86 per cent and SBI 2.53 per cent.
Domestic investors were also concerned about possible stagflation in India due to low growth and high inflation in wake of recently released government data. IndusInd Bank was the top loser in the Sensex pack, dropping 5.44 per cent. Infosys, SBI, PowerGrid, Tech Mahindra, Bharti Airtel and HDFC Bank too fell up to 1.21 per cent.
The other main contender for the party's CM face was Punjab Congress chief Navjot Singh Sidhu, a Jat Sikh face.
The Bharatiya Janata Party has asserted that no government in Jammu and Kashmir was possible without the party being part of it, even as a two-member party delegation met Governor N N Vohra to discuss the matter and said it would submit a formal proposal to him on January 1.
Cheap equipment imports, especially from China, is a major reason for falling tariffs in solar tenders
This will be the first high-level engagement between India and the United States after National Democratic Alliance's return to power for a second term.
