While yearly revenue jumped by 16.4% to Rs 4,539.31 crore, the company experienced a decline on a quarterly basis. Profit fell by 34.3% and revenue dropped by nearly 22% compared to the previous quarter.
Tata Power is set to raise ₹2,000 crore through a bond sale. This funding will support debt refinancing, renewable energy investments, and general corporate needs.
Asian markets opened lower mirroring losses in the US. Global investors adopted a risk-off approach. Technology stocks faced significant selling pressure. This sentiment impacted cryptocurrencies
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