Asset reconstruction companies (ARCs) are expected to witness their cumulative recovery rate for stressed road projects rising by 700-1000 basis points (bps) this fiscal after doubling to 50-55 per cent last fiscal, stated a report by CRISIL Ratings. This, it added, will be driven by faster completion or descoping of pending construction resulting in start
A day after TotalEnergies SE said that it will hold off on new investments in Adani group companies until the allegations by US authorities are clarified, Adani Green Energy issued a statement saying there was no new financial commitment under discussion with the French oil giant. In a regulatory filing, Adani Green Energy said, “We
Adani Group stocks experienced notable declines on Tuesday, November 26, with shares of key companies tumbling by as much as 7% during the trading session, a day after Fitch Ratings placed some of the group’s bonds on a watchlist for potential downgrades. Adani Green Energy’s stock experienced the steepest decline, falling 7%, while Adani Energy
Defence stocks are in focus as global brokerage firm JPMorgan initiated coverage of three defence stocks, Hindustan Aeronautics, Bharat Electronics, and Mazagon Dock Shipyard. It cited the recent price correction as an opportunity. The brokerage has put an “Overweight” rating with a target price of Rs 340 on BEL while the target price for HAL or Hindustan Aeronautics is
Go to Live UpdatesVedanta Share Price Today Live Updates, 26 Nov, 2024: The Vedanta share is in news and the counter closed trade on 25 Nov, 2024 at Rs 444.15. The shares touched intraday high of Rs 454.0 in the last trading session while the intraday low was at Rs 442.75. The company’s market capitalization
There is a new bobber in town — the Royal Enfield Goan Classic 350. Priced at Rs 2.35 lakh onwards, it takes the fight to Jawa’s front door, calling out for the Perak. This is the first time Royal Enfield has taken the fight to someone else’s door and this time, Jawa has a strong
It’s sale time once again, and the timing couldn’t have been better if you live in the National Capital Region. With winter getting ready to set in, air pollution levels have hit new AQI levels, which is a serious new low. Flipkart Black Friday Sale is offering deals on electric scooters that could tempt you
It’s raining discounts and it might be the best time to buy an electric two-wheeler after the festive season. With the northern part of India reeling under a thick cloud of smog hitting the worst AQI levels in the world, the Flipkart Black Friday Sale offers a way out from being bogged down by Grap
The Central Board of Direct Taxes (CBDT) on Tuesday asked stakeholders to continue submitting their suggestions on the new Income Tax Bill, 2025, which will be compiled and sent to a select committee of Parliament for review. In a release, the CBDT said an effort is underway to collect inputs and work on simplification of
After a 14% correction since September end, benchmark indices have recorded around 2% gains in the past two trading sessions. The broader indices, which had fallen up to 24% from their peak levels, also gained around 3%, providing much-needed relief to investors. However, the key question remains: Will this recovery sustain? Experts are divided. While
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in
