A consortium of Mahagenco and NTPC has emerged as the leading bidder, at ₹3,800 crore, to take over the 1,350 MW Sinnar Thermal Power plant. The plant, a subsidiary of RattanIndia Power, is currently defunct and has unresolved coal supply issues and right-of-way problems.
Posts in category Economic Times
Oil prices tumble, global stocks rise as Iran fears ease (28-10-2024)
Oil prices tumbled and global stocks rose Monday on relief that Israel’s strikes on Iran avoided the country’s energy infrastructure. “Israel’s strike, carefully avoiding energy sites, has softened fears of a full-scale conflict with Iran,” said Stephen Innes, analyst at SPI Asset Management.
CAMS Q2 Results: Profit jumps 45% to Rs 122 crore (28-10-2024)
“Our overall assets under service touched a lifetime high of Rs 45 lakh crore, with the quarter recording the highest ever asset accretion. Strong retail participation in equity assets via SIPs and NFOs catapulted our equity net-sales to touch nearly Rs 1 lakh crore during the second quarter and record a staggering 59 per cent y-o-y growth in equity asset base,” the company’s CEO Anuj Kumar said.
Federal Bank Q2 Results: Profit rises 11% to Rs 1,057 crore, NII up 15% (28-10-2024)
The total income increased to Rs 7,541 crore during the quarter under review against Rs 6,186 crore in the same quarter last year, Federal Bank said in a regulatory filing.
Northern Arc reports strong Q2FY25 results with 74% PPoP growth (28-10-2024)
Mehrotra emphasized continued growth in MSME and key sectors while cautiously managing the MFI segment, confident that their diversified model and disciplined approach will sustain strong performance.
Ahead of Market: 10 things that will decide stock action on Tuesday (28-10-2024)
Nifty50 recorded its best day in three weeks on Monday, breaking a five-session losing streak. Strong earnings from ICICI Bank and other lenders boosted banking stocks. Analysts believe the counter-trend pullback rally can continue towards 24,900-24,930, with support at 24,200-24,000.
Aditya Birla Sun Life AMC Q2 profit rises 36 pc to Rs 242 cr (28-10-2024)
The company’s revenue from operations rose 27 per cent to Rs 424.2 crore in the July-September quarter of the current fiscal (FY25) from Rs 335 crore in the year-ago period.
LIC Housing Finance Q2 Results: Profit rises 11% to Rs 1,324 crore, NII down 6% (28-10-2024)
The company’s core net interest income declined 6 per cent when compared to the year-ago period despite a 6 per cent rise in assets under management, but weighed down by a sharp reduction in net interest margin (NIM) to 2.71 per cent from the 3.04 per cent in the year-ago period.
American multinational Citigroup sells HDFC Bank’s shares worth Rs 275 crore (28-10-2024)
On October 19, HDFC Bank reported a 6 per cent increase in the September quarter net profit to Rs 17,825.91 crore on a consolidated basis.
These 10 stocks hit 52-week lows, plummeting up to 20% in 1 month (28-10-2024)
This metric may signal buying opportunities in fundamentally strong stocks or, alternatively, reflect underlying issues or negative trends within a company.