On Monday, March 4, 2024, Adani Power Ltd received approval for its resolution plan to acquire insolvent Lanco Amarkantak Power Ltd. Lanco Amarkantak Power is undergoing a corporate insolvency resolution process. The Committee of Creditors (CoC) has approved the resolution plan submitted by Adani Power, which belongs to the Adani Group. Lanco Amarkantak Power and …
Rising Coal Production During the month of February 2024, the Ministry of Coal has achieved significant growth in overall coal production to 96.60 Million Tonne (MT) (Provisional) as compared to 86.38 MT in February 2023, reflecting a rise of 11.83%. With a growth of approximately 12.14%, the cumulative coal production (up to February 2024) increased …
On Monday, March 4, 2024, wind energy stocks dropped. Suzlon shares dropped by more than 4% to an intraday low of ₹41.75 per share on the NSE, while Inox Wind fell 5% to its lower circuit at ₹552.65 per share. Why Did Suzlon and Inox Wind Shares Drop? The drop in the share prices of …
Sell-off in Broader Markets and Upper Circuit Stock Indian benchmark indices have recovered from lower levels, driven by buying interest in Nifty PSU Bank, Nifty Auto, and Nifty Bank. Despite the sharp recovery, broader market indices are trading in the red, with Nifty Small-cap tumbling over 1%, while Mid-cap dipped 0.27%. Amidst this volatility, Gujarat …
The Tata Group, a household name in India, boasts a diverse portfolio of companies across various sectors. But which among these giants captures the hearts (and wallets) of individual investors? Today, we delve into the fascinating world of retail investor preferences within the Tata Group. Top 5 Beloved Stocks Tata Motors DVR (TATAMTRDVR): This stock, …
HDFC Life Surges on Surrender Value Speculation On March 04, 2024, the share price of HDFC Life Insurance increased by 18.00% to ₹610.30 due to news indicating that the Insurance Regulatory and Development Authority of India (IRDAI) would consider rationalisation of the proposed surrender value. Surrender value is the amount received by an insurance policyholder …
On March 4, 2024, the Nifty 50 increased by 0.12% to 22,405, and the Sensex rose by 0.09% to 73,872. Foreign Institutional Investors sold shares worth ₹564 crores, while Domestic Institutional Investors showed buying activity of shares worth ₹3,542 crores. Top Gainers and Losers Nifty Oil and Gas, Nifty Financial Services 25/50, Nifty Private Bank …
The last one year has been productive for the coal CPSEs (Coal India Limited and NLC India Limited), as their market capitalisation, CAPEX, and profitability have all increased remarkably in line with their contributions to the national economy. Coal CPSEs, CIL and NLCIL have shown remarkable growth. Due to the increased investor confidence in these …
Adani Group, the Indian multinational conglomerate, has initiated the marketing of a $409 million bond. This is the Group’s first dollar note sale since the Hindenburg Research report last year. It is well-known that in 2023, Hindenburg Research accused the conglomerate of fraud and stock manipulation. However, Adani Group has always denied these claims. Currently, …
It is a well-known fact that the stock market is volatile and keeps fluctuating in response to local and global happenings. For instance, the market was volatile during the interim budget this year. While railway stocks dropped, stocks under sectors like banking and housing finance rallied after the budget announcement. The Lok Sabha Election 2024 …
