[ad_1] NEW DELHI: ONGC-NTPC Green Pvt Ltd, an equal joint venture between ONGC Green Ltd and NTPC Green Energy Ltd, on Wednesday signed a share purchase agreement (SPA) to acquire Ayana Renewable Power Pvt Ltd at an enterprise value of $2.3 billion.This is the second-largest acquisition in the renewable space after the Adani Green Energy…
[ad_1] MUMBAI: With large deals hard to come by, Indian startup funding is being led by small and mid-sized cheques. On Tuesday, Fintech unicorn Zeta said that it has raised a fresh $50 million from American healthcare firm Optum at a valuation of $2 billion, higher than its last valuation of $1.2 billion while a…
[ad_1] NEW DELHI: India’s industrial production growth slowed to a three-month low of 3.2 per cent in December 2024, mainly due to poor performance of mining and manufacturing sectors, according to official data released on Wednesday. The government has also revised the November 2024 industrial output figure to 5 per cent from the provisional estimate…
[ad_1] Retail inflation eased to a five-month low at 4.31 per cent in January primarily due to declining food costs, as per the official data released on Wednesday. The Consumer Price Index-based retail inflation stood at 5.22 per cent in December and 5.1 per cent in January 2024Additionally, food inflation stood at 6.02 per cent,…
[ad_1] MUMBAI: The popular SIP method for putting money in stocks through the mutual fund route is set to attract Japanese investors to Indian equities. In a first-of-its-kind structure using GIFT City, Nippon India MF is bringing in Japanese retail investors’ money into the Indian stock market using the Nifty BeES index fund. Nissay MF,…
[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Patanjali, Bharat Rasayan and Oil India are the top stock picks for today:PATANJALI: BUY Near ₹1800 | Stop Loss: ₹1720 | Target: ₹2000After consolidating between ₹1900 – ₹1700 for the…
[ad_1] UBS has downgraded Eicher Motors to ‘neutral’ from ‘buy’ with a revised price target of Rs 5,650 (+14%) from Rs 5,950 earlier. In the Oct-Dec quarter, the two-wheeler major missed margins by a significant gap. Analysts said that its margin miss was driven by higher launch expenses, more marketing during the festive season and…
[ad_1] Daily charts reveal a prominent bearish trend with lower peaks and troughs, says Nagaraj Shetti of HDFC Securities. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Wednesday. While BSE Sensex was below 76,200, Nifty50 was near 23,000. At 9:16 AM, BSE Sensex was trading at…
[ad_1] MUMBAI: Central bank intervention may have helped the rupee strengthen by 71 paise on Tuesday – its biggest single session gain in over two years – to close below the 87-to-the-dollar mark for the first time since February 3. After sliding for days, RBI reportedly intervened in the forex market late on Monday and…
[ad_1] The Union Cabinet approved the New Income Tax Bill on Friday. New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman may table the New Income Tax Bill in the Parliament on Tuesday. The intention to introduce the New Income Tax Bill was first announced by FM Sitharaman in her Union Budget 2025 speech.The Union…
