NEW DELHI: Reliance Power has signed a commercial term sheet with Bhutan’s Green Digital Pvt Ltd for a long-term power purchase agreement, marking a major milestone in cross-border clean energy collaboration. Green Digital is a subsidiary of Druk Holding and Investments Ltd (DHI), the investment arm of the Royal Government of Bhutan.The agreement paves the…
Vodafone had requested relief of approximately Rs 30,000 crore. (AI image) The Supreme Court on Monday rejected appeals from major telecommunications companies Vodafone, Airtel andTata Teleservices regarding their request for adjusted gross revenue (AGR) dues waiver. The bench, consisting of Justices J B Pardiwala and R Mahadevan, deemed these appeals “misconceived”.“We are really shocked by…
Protean eServices participated in the competitive bidding process to become a Managed Service Provider (MSP) for the PAN 2.0 Project. (AI image) Protean share price crash: Protean eGov Technologies‘ stock plummeted 20% to reach its lower circuit of Rs 1,143 on NSE following the Income Tax Department‘s decision not to select the company for its…
Gold could trade in a broad range of Rs 91,500 and Rs 95,500 this week. (AI image) Gold price prediction today: Gold is a safe haven investment but geopolitical tensions and developments in the US-China trade deal have left investors confused – should they buy, sell or hold gold? There is also the additional factor…
Asian stock markets slid on Monday and the US dollar weakened after Moody’s downgraded the United States’ last remaining triple-A sovereign credit rating, triggering renewed investor concerns about Washington’s rising debt burden. Moody’s cut the rating from Aaa to Aa1, citing “the increase over more than a decade in government debt and interest payment ratios…
Indian equity markets showed strong performance last week, with analysts anticipating continued positive momentum. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Monday. While Nifty50 was near 25,000, BSE Sensex was above 82,200. At 9:16 AM, Nifty50 was trading at 25,000.45, down 19 points or 0.077%….
NEW DELHI: DIAL, the Delhi airport operator, has divested its complete 50 per cent ownership in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for nearly 13 crore. DASPL held the concession for operating bridge-mounted equipment at Terminal 3 of Indira Gandhi International Airport (IGIA), including ground power units, pre-conditioned…
Mohini Mohan Dutta and Ratan Tata MUMBAI: Mohini Mohan Dutta, a confidant of Ratan Tata and an erstwhile director at the Taj hotels group, has consented to the terms of the late industrialist’s will, which left him one-third of Tata’s residual estate valued at around Rs 588 crore.His consent expedites the process for the will’s…
MUMBAI: The trading pattern of foreign fund managers, developments on India-US trade deal, direction of the rupee-dollar exchange rate after Moody’s downgrade of US’s credit rating on Saturday, and quarterly numbers from large corporates will dictate the direction of the domestic market in the new week.The previous week saw a strong rally in largecap stocks…
CHENNAI: Despite reduction of unsold stock inventory and signs of recovery in the affordable housing segment, it has not enthused developers. Poor conversion rates, spiralling construction costs and unsustainable margins are posing a grave challenge to the affordable housing market.This has resulted in several developers keeping away from launching new projects in the segment. Their…
