Lenders to SKS Power give bidders a fourth deadline extension for due diligence
Reliance Industries, the Adani Group, state-owned NTPC, Torrent Power, Jindal Power, Hindustan Powerprojects, Sarda Energy & Minerals and Jindal India Thermal are among some 23 entities that have expressed interest in the company.
Surge in global commodity prices may push India Inc’s margins to a decadal low
In FY22, corporate India’s profitability surged to multi-year highs, driven by a sharp drop in global commodity costs due to a fall in demand during the pandemic, along with strict cost-efficiency measures undertaken by corporates. The gross margin for the Motilal Oswal universe, excluding financials, is expected to drop to a decade low of 29.4%.