Power Grid in focus after investment approval

Power Grid Corporation of India's board of directors has accorded investment approval for Transmission System for Solar Energy Zones in Rajasthan at an estimated cost of Rs 2578.47 crore with commissioning schedule as December, 2020. The announcement was made after market hours yesterday, 27 August 2019.

Oberoi Realty informed that the Income Tax team has left the company's premises and normal day-to-day business activities have resumed fully. The company implements the best practices of compliance with applicable laws, and it does not anticipate the search and seizure operations to have any material or adverse impact. The announcement was made after market hours yesterday, 27 August 2019.

Dilip Buildcon said that the company has received the appointed date i.e. 24 August 2019 by the National Highways Authority of India for Saoner-Dhapewada, EPC project in Maharashtra. The announcement was made after market hours yesterday, 27 August 2019.

S&P Global Ratings has placed 'BB' long-term and 'B' short-term foreign currency issuer credit ratings on IDBI Bank on CreditWatch with negative implications. The announcement was made after market hours yesterday, 27 August 2019.

Dewan Housing Finance Corporation said that the meeting of the board of directors of the company is scheduled on 30 August 2019, to consider and approve to consider and approve the proposal for issuance of equity shares and/or other securities of the company including by way of preferential issue, pursuant to a conversion of debt to equity under the proposed resolution plan. The announcement was made after market hours yesterday, 27 August 2019.

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