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Source: Live Mint The State-owned renewable energy giant said on Monday that it has raised around ₹3,960 crore from investors in its anchor round, according to the exchange filing, ahead of the company’s proposed initial public offering (IPO). As per the exchange filing, the company has allocated 36,66,66,666 or 36.66 crore equity shares to the…
Source: Live Mint State-owned NTPC Green Energy Limited’s initial public offering (IPO) is scheduled to open for public bidding on Tuesday, November 19 and close on Friday, November 22. The renewable energy firm’s IPO will have its anchor round of investing on Monday, November 18. NTPC Green Energy aims to raise nearly ₹10,000 crore through…
Source: Live Mint Japanese brokerage firm Nomura in its latest report highlighted that India’s power transmission sector is set for robust growth, fueled by rising electricity demand and ambitious targets for renewable energy capacity expansion. According to the Central Electricity Authority, the sector is expected to attract USD 110 billion in investments between FY22 and…
Source: Live Mint Parametric insurance, also known as index-based insurance, is a type of cover in which the insurance company and customer agree on a sum that will be paid out if a specific event occurs. The event must be measurable, and for the payout to be made, its intensity must meet or exceed a…
Source: Live Mint MUMBAI : Tata Power Co. Ltd’s shares have had a stellar run in the past year, soaring as much as 77% compared to the 25% returns of the Nifty50. One factor driving investor sentiment is the improved outlook on the back of the ramp-up in the solar module manufacturing plant and commissioning…
Source: Live Mint Hitachi Energy India Ltd’s shares are up 14% this week, lifting the gains for 2024 so far to as much as 200%. Now, notwithstanding the growth outlook for capital goods companies, retail investors must note that multinational companies such as Siemens, ABB India and Hitachi will always remain expensive given they have…
Source: Live Mint The rise of green finance – financial investments aimed at supporting environmentally friendly and sustainable projects – has become a crucial factor in advancing India’s renewable energy goals. With India committed to deriving 50% of its power generation capacity from non-fossil-fuel sources by 2030 and various financial institutions and companies pledging ₹32…
Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…
Source: Live Mint Power Grid Corp. of India Ltd has got a fillip from an upturn in transmission sector capex with projects under execution more than doubling over the past year. The order book has got a further leg-up with the award of letters of intent for two projects this month, including one on Wednesday….
Source: Business Standard The widened US-India rate spread offers companies a larger margin of safety when converting rupee borrowings into dollar loans via currency swaps Credit: Bloomberg 3 min read Last Updated : Sep 19 2024 | 2:49 PM IST Indian firms are opting for cross-currency swaps to convert part of their rupee debt…
