Adani Power’s stock value increased following a deal with Bhutan’s Druk Green Power Corp for a hydroelectric project. The companies will jointly establish a public company in Bhutan. Adani Power shareholders approved a stock split. Each share of Rs 10 will be subdivided into five shares of Rs 2 each.
Dollar wobbles as markets cling to hopes for Middle East peace deal
Investor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure on