Indian Market

Adani Power Receives LoI to Acquire Vidarbha Industries Power Amid Insolvency Process

Adani Power Receives LoI to Acquire Vidarbha Industries Power Amid Insolvency Process

/ Indian Market /

Adani Power has received a letter of intent (LoI) for acquisition from the resolution professional of Vidarbha Industries Power Ltd (VIPL), which is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code 2016. The announcement was made in an exchange filing on February 24. The Committee of Creditors (CoC) for VIPL approved Adani Power’s resolution […]

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Nifty Faces Worst Monthly Losing Streak in 28 Years as Outflows and Growth Concerns Weigh on Markets

Nifty Faces Worst Monthly Losing Streak in 28 Years as Outflows and Growth Concerns Weigh on Markets

/ Indian Market /

The Nifty 50 is heading for a five-month losing streak, marking its worst downturn since 1996. Weak corporate earnings, continued foreign investor outflows, and economic uncertainties have pushed Indian markets to their lowest levels in eight months. So far in February 2025, both Nifty 50 and Sensex have fallen around 4 percent, extending their total

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NTPC Green Energy Shares Drop Over 6% as Shareholder Lock-In Ends

NTPC Green Energy Shares Drop Over 6% as Shareholder Lock-In Ends

/ Indian Market /

Shares of NTPC Green Energy Ltd, a subsidiary of NTPC, fell over 6 percent to Rs 99.18 in morning trade on February 24, extending losses for the second consecutive session. The decline comes as the company’s three-month shareholder lock-in period ended, allowing some shareholders to sell their shares in the open market. According to Nuvama

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LCC Projects Files IPO Papers with SEBI, Plans to Raise Rs 320 Crore Through Fresh Issue

LCC Projects Files IPO Papers with SEBI, Plans to Raise Rs 320 Crore Through Fresh Issue

/ Indian Market /

Gujarat-based EPC company LCC Projects has filed its draft red herring prospectus (DRHP) with SEBI on February 21 as it plans to raise funds through an initial public offering (IPO). As per the DRHP, the IPO will consist of a fresh issue of equity shares with a face value of Rs 320 crore and an

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SEBI Chairperson Says No Need to Comment on Small- and Mid-Cap Valuations Now

SEBI Chairperson Says No Need to Comment on Small- and Mid-Cap Valuations Now

/ Indian Market /

SEBI Chairperson Madhabi Puri Buch stated on February 21 that the market regulator does not find it necessary to comment on small- and mid-cap valuations at this stage, especially after these indices have declined 20 percent from their peaks. This comes almost a year after she had flagged concerns about “irrational exuberance” in the broader

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Alkem Laboratories Sees Rs 300 Crore Block Deal, Shares Open Lower

Alkem Laboratories Sees Rs 300 Crore Block Deal, Shares Open Lower

/ Indian Market /

Shares of Alkem Laboratories declined in early trade on February 21 after a large transaction worth Rs 300 crore took place on the stock exchanges. Around 6.41 lakh shares of the pharmaceutical company were traded at a floor price of Rs 4,680 per share. This price was slightly lower than the previous day’s closing price.

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Nukleus Office Solutions IPO to Open on February 24, Plans to Raise ₹31.7 Crore

Nukleus Office Solutions IPO to Open on February 24, Plans to Raise ₹31.7 Crore

/ Indian Market /

Nukleus Office Solutions, a managed office and co-working provider, will issue its first public issue on February 24. It will be the first SME issue to open next week. The Uttar Pradesh company is to raise ₹31.7 crore by issue of 13.54 lakh equity shares at ₹234 per equity share. The issue is a fresh

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India May Increase GST on Cigarettes and Tobacco Products After Compensation Cess Ends

India May Increase GST on Cigarettes and Tobacco Products After Compensation Cess Ends

/ Indian Market /

The Indian government may consider raising the GST on cigarettes and other tobacco products once the compensation cess is discontinued, according to a report by Economic Times. Current Tax Structure and Proposed Changes At present, the cigarette and tobacco products are being taxed at 28% with a cess added to this to a total of

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Vedanta Investors and Creditors Approve Demerger Plan

Vedanta Investors and Creditors Approve Demerger Plan

/ Indian Market /

Mining giant Vedanta Ltd announced on February 20 that its proposed demerger plan has received approval from its equity shareholders, secured creditors, and unsecured creditors. Key Highlights of the Demerger The Anil Agarwal-led group aims to list its businesses separately, allowing for better valuation and investor interest. The demerger will separate Vedanta’s businesses into five

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