NTPC Green Energy, a wholly-owned subsidiary of NTPC, is a renewable energy company that focuses on undertaking projects through organic and inorganic routes. The IPO was opened on November 19 and closed on November 22. The company raised Rs 10,000 crore, the highest a renewable energy company raised in 2024. The allotment of the shares
Gold and silver prices rose for the sixth straight session on the back of escalating tensions in Ukraine-Russia, which have boosted safe-haven demand for precious metals. The rise in gold prices can bring some relief to traders after falling continuously last week. “Friday’s US economic news was supportive for bullion after the University of Michigan
The verdict of the state assembly elections are out. Both Maharashtra and Jharkhand saw the existing Governments being voted back to power and most importantly, BJP’s seat count has increased to 132 in Maharashtra compared to just a tad above 100 in 2019. All of this ties-in well with the positive global cues coming and
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher start on Monday as Asian markets were trading on a higher note in early trade hours. While, the US markets closed Friday’s session on a record-high note. Previously, on Friday, the NSE Nifty 50 closed 557 points or
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded lacklustre as the index was trading 254.50 points or 1.06% higher at 23,293 indicating a higher start for
The government has started internal discussions on ways to revitalise the manufacturing sector, with a new set of incentives, as the preparations for Budget FY26 is under way. While investments in a clutch of sectors are already being promoted via production-linked incentives, what is being looked at now is a broader scheme, where government assistance
The agriculture ministry has approved integration of 21 additional mandis in Rajasthan to the digital wholesale platform electronicNational Agriculture Market (e-NAM), taking the number of physical markets linked to the platform to over 1,400 across states. Sources told FE that there are several states who have approached the ministry to integrate more mandi into e-NAM
State-owned Coal India has set a target of producing 915 million tonnes of coal in 2025-26, the company’s chairman and managing director P M Prasad told Arunima Bharadwaj in an interview. Additionally, the company plans to come out with the draft red herriing prospectus (DRHP) for the listing of its two of its subsidiaries —
Edtech giant Physics Wallah has confidentially filed for an initial public offering (IPO) that could raise as much as $500 million, according to a report by IFR. The company in October 2024 said it might launch a $400-500-million IPO in 2025. If the public issue is launched, Physics Wallah will be the first pure-play edtech
Advance tax collections from the corporate sector, other firms and individuals in the current fiscal stood at Rs 10.45 lakh crore as on Sunday, up 14.6% on year. In the corresponding period of last fiscal, these collections — a proxy of corporate profitability and the state of the economy — stood at Rs 9.11 lakh
The four new companies formed after the restructuring of Vedanta have the potential to be $100 billion firms each, chairperson Anil Agarwal has said in a letter to shareholders. He has also highlighted the potential of the natural resources sector, both in India and global economies.“While Vedanta currently contributes close to 1.4% to India’s GDP, there
Fast-moving consumer goods (FMCG) companies are asking for a separate law to govern beauty and personal care (BPC) products, saying current regulations under the Drugs and Cosmetics Act 1940 impede growth. At present, the making of soaps, skin care, hair care, oral care and cosmetic products, much like drugs, is regulated under a system of
E-commerce major, Amazon, is exploring the possibility of spinning off its India operations and listing it, according to industry sources. The company, which is the second largest player in the e-commerce sector, behind Flipkart, has initiated preliminary talks with investment banks to assess the feasibility of such a move, sources added. According to a report
