Adani Power calls off acquisition of DB Power
“We wish to inform that the long stop date under the memorandum of understanding … has expired,” Adani Power informed the bourses on Wednesday. The company did not, however, assign a reason for calling off the deal. An email query sent to the company im this regard remained unanswered until the time of going to […]
IT stocks advance for third day, TCS hits 9-month high
The Nifty IT index, which surged to highest levels since May last year, closed at 31,434 on Thursday, up 1.62% over the previous day. The Nifty ended at 18,038, up 20 points or 0.11% after rising 0.66% in the morning trade. The Nifty IT index has gained 3.8% in the past three days.
Adani stocks rise after MSCI allows ‘special treatment’, 3 hit upper limit
The index service provider said it will defer the implementation of cuts in the weights of Adani Total Gas and Adani Transmission to May, when it reviews the indices next, in light of “potential replicability issues due to impact from price limit mechanisms in specific securities.”
Shobha Gangwal sells IndiGo stake for Rs 2,944 cr
Rakesh Gangwal, his wife Shobha Gangwal, and their family trust, all of which are part of the promoter group, held a 33.78% stake in the airline company as of December 2022. In February last year, besides stepping down from the company’s board, Rakesh Gangwal, the co-founder of India’s largest carrier, announced his decision to reduce […]