Posts in category Business Standard
Adani Power shares up over 2%, majority of group firms settle in green (17-08-2023)
Shares of Adani Power climbed over 2 per cent on Thursday after US-based boutique investment firm GQG Partners along with other investors bought an 8.1 per cent stake in the company for over Rs 9,000 crore (USD 1.1 billion).
The stock gained 2.58 per cent to settle at Rs 286.50 on the BSE. During the day, it climbed 3.27 per cent to Rs 288.45.
At the NSE, it climbed 2 per cent to end at Rs 285.55 apiece.
Majority of the group companies also ended in the green. Adani Ports jumped 4.47 per cent, Ambuja Cements climbed 1.91 per cent, Adani Enterprises gained 1.45 per cent, NDTV (1.26 per cent), ACC (0.64 per cent) and Adani Transmission (0.42 per cent).
GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore, as the marquee investor shrugged off the damning report of a US-based short-seller, to invest in billionaire Gautam Adani's group.
GQG Partners and other investors bought 31.2 crore shares of Adani Power in a b
ESG funds continue to see outflow, Rs 520 cr pulled out in June quarter (17-08-2023)
Sustainable or ESG (environmental, social, and governance) funds in the country witnessed an outflow of Rs 520 crore in the April-June quarter of this fiscal, according to a report by Morningstar.
This was higher than a withdrawal of Rs 470 crore seen from such funds in the preceding quarter.
"While initial fund launches have attracted significant interest and flows, we have yet to witness continued flows for sustainable funds after their initial fund launch period. This has resulted in the lack of a discernible trend on a quarterly basis," the report noted.
Continuing the trend of outflow, the year-to-date 2023 withdrawal was at Rs 1,060 crore as compared to Rs 1,020 crore in the preceding year. This is in contrast to the infusion of Rs 1.83 lakh crore for the year to date in the overall fund market.
The report revealed that the coronavirus pandemic led to a marked increase in investor interest and fund launches for sustainable funds globally.
"While the Indian sustainable fund .
ESG funds continue to see outflow, Rs 520 cr pulled out in June quarter (17-08-2023)
Sustainable or ESG (environmental, social, and governance) funds in the country witnessed an outflow of Rs 520 crore in the April-June quarter of this fiscal, according to a report by Morningstar.
This was higher than a withdrawal of Rs 470 crore seen from such funds in the preceding quarter.
"While initial fund launches have attracted significant interest and flows, we have yet to witness continued flows for sustainable funds after their initial fund launch period. This has resulted in the lack of a discernible trend on a quarterly basis," the report noted.
Continuing the trend of outflow, the year-to-date 2023 withdrawal was at Rs 1,060 crore as compared to Rs 1,020 crore in the preceding year. This is in contrast to the infusion of Rs 1.83 lakh crore for the year to date in the overall fund market.
The report revealed that the coronavirus pandemic led to a marked increase in investor interest and fund launches for sustainable funds globally.
"While the Indian sustainable fund .
REC soars 46% in 1 month; enters top-100 most valued firms by m-cap chart (17-08-2023)
With Government of India, setting and pursuing the target of achieving 500 GW of renewable energy capacity by 2030, energy transition is expected to drive significant investment in the power sector.
Bata India rallies 6% on report company in talks to tie-up with Adidas (17-08-2023)
The footwear company is in talks with German sportswear giant Adidas for a strategic partnership for the Indian market, a report said
IRFC slumps 6% as govt eyes 11% stake sale via OFS, stock up 49% in 2023 (17-08-2023)
News agency Reuters reported the government will aim to sell up to 11 per cent stake in IRFC in multiple tranches, but it is yet to decide the exact quantum of sale
ITC hits 2-month low; stock down 12 per cent from record high (17-08-2023)
The board of ITC on Monday approved the Hotel demerger, with share entitlement ratio of 10:1 for the demerged entity.
GE T&D extends rally on strong order wins in Q1; soars 42% so far in August (17-08-2023)
So far in the current calendar year, the stock has zoomed 212 per cent, as against 7 per cent rise in the S&P BSE Sensex.
HBL Power hits new high on healthy outlook; zooms 155% in three months (17-08-2023)
The Cabinet Committee on Economic Affairs on Wednesday approved seven multi-tracking projects at an estimated cost of Rs 32,500 crore, under the PM Gati Shakti National Master Plan.
Cochin Shipyard hits record high, up 37% in three days post strong Q1 show (17-08-2023)
The company's Q1 net profit had soared 123.7 per cent to Rs 109.41 crore for the June 2023 quarter as against Rs 48.91 crore in the year ago period.