Reliance Power’s stock rose by 21.5% in four days, reaching Rs 36.17, amid talks of Adani Power acquiring its Butibori Thermal Plant for Rs 2,400 crore to Rs 3,000 crore. The move would support Adani’s expansion plans amid rising electricity demand in India. Adani Power shares remained stable at Rs 698.45.
Economy revving but inflation gauge flashing red: RBI’s Das
RBI Governor Shaktikanta Das stated that India’s economy remains robust but warned of escalating inflation, potentially surpassing September’s 5.5%. He indicated that high inflation might
November 7, 2024