SynopsisAdani Group said Abu Dhabi’s International Holding Company PJSC (IHC) will invest $2 billion as primary capital in three portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL).AgenciesNEW DELHI: Already outperforming Adani Group stocks got a couple of billions of more reasons to rally now the companies…Continue Reading
SynopsisNational Stock Exchange on Monday put the company in the list of securities banned from trading in the futures and options (F&O) segment after it crossed 95 per cent of the market-wide position limit.iStockBalrampur Chini Mills plans to ship 7.5 million tonnes of sugar this year.NEW DELHI: Balrampur Chini Mills, which has been among the…Continue Reading
SynopsisThe information technology giant is on the verge of taking over private sector banking major HDFC Bank in terms of market capitalisation. Infosys’ market capitalisation currently stands at Rs. 7.95 crore, just Rs. 15,000 crore shy of HDFC Bank’s.AgenciesGiven the sluggish outlook for HDFC Bank and the optimism for Infosys, betting on Infosys to take…Continue Reading
MUMBAI: Axis Bank has no ‘spandana’ left to be involved in the boardroom battle at microfinance lender Spandana Sphoorty. The private sector bank told reporters today that it is no longer in talks with Spandana Sphoorty to acquire the microfinance lender. Axis Bank’s reasons may be fairly obvious given the turn of events at the…Continue Reading
MUMBAI: Indian Railway Catering and Transportation Corporation lit up Dalal Street as the stock celebrated the two-year anniversary of its listing with a record high. The mind-bending rally in the stock continued as it has now risen 44 per cent in October so far, and it’s not even half a month yet. The general perception…Continue Reading