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NTPC to start commercial ops of 2nd unit of North Karanpura power project

NTPC on Monday said it will start commercial operations of second unit of its North Karanpura Super Thermal Power Project on March 20. NTPC's North Karanpura Super Thermal Power (STPP) project is a coal-based power plant located in the Chatra district of Jharkhand. "Unit 2 (660 MW) of North Karanpura Super Thermal Power Project (3x660 MW) is declared on commercial operation with effect from 00:00 hours of 20.03.2024," NTPC said in an exchange filing. With this, standalone and group commercial capacity of NTPC will become 59,298 MW and 75,418 MW, respectively. NTPC, under the Ministry of Power, is India's largest power generation company.

Meltdown in India's smaller stocks seen luring dip buyers to market

Bulls say the blowout returns in smaller companies stem from robust corporate profit growth in recent years

Sebi to introduce same-day settlement for 25 stocks, defers full launch

The regulator will review progress at the end of three and six months before deciding on a further course of action

Can the sell-off in mid, smallcap stocks spread to the large-cap universe?

Most analysts, however, do not think so as they expect a minor dip and a sharp recovery as investors flock to the large-caps in search of safety and value buying as the mid-and small-caps falter.

Sidbi plans to raise Rs 5,000 cr via rights issue next financial year

Small Industries Development Bank of India (SIDBI) on Tuesday said it plans to raise Rs 5,000 crore from rights issue next financial year to fund business growth. The refinancing entity for SME finance is witnessing a strong credit growth and to further grow the business, capital would be required, he said. The bank is looking to mobilise Rs 5,000 crore from rights issue in the next fiscal, SIDBI chairman and managing director S Ramann said on the sidelines of launch of a credit programme for Jan Aushadhi Kendras here. He said the government is the biggest shareholder and SIDBI has approached them requesting their participation in the rights issue, he said. Government of India holds a 20.85 per cent stake as of March 31, 2023. Besides this, State Bank of India owns 15.65 per cent, while the share of Life Insurance Corporation of India (LIC) stood at 13.33 per cent as of March 31, 2023. The rest is held by other Public Sector Banks (PSBs) and institutions. He said the loan book of

Sensex ends atop 74,000, Nifty 22,450 for 1st time; Smallcap index down 2%

Stock market highlights on March 6, 2024: The BSE benchmark hit a record high of 74,151, while the Nifty50 claimed 22,497 intraday

NSE unique investor count tops 90 mn; Sebi's settlement plea of 4 banks

Mahar­a­sh­tra has the highest number of unique investors at 16 million followed by UP and Gujarat with 9.7 million and 8.1 mi­llion investors, respectively

Losers outpace gainers for the first time in 11 months, shows data

The Nifty Smallcap 100's 12-month forward price-to-earnings ratio has risen to 22 versus its 10-year average is 16.5, according to Bloomberg data

Nifty hits fresh high, Sensex ends 282 pts higher; consumer durables rally

Stock market highlights on February 19, 2024: Nifty index leaps to a new lifetime high of 22,187 after crossing previous high of February 2, 2024

BSE at odds with NSE over 'high' clearing and settlement charges

The former says high payout to NSE weighing down its profitability

NSE to hold special trading session on Mar 2 to check market infrastructure

NSE special session: The NSE said that the purpose of the special session is to assess the preparedness of market infrastructure institutions to handle any unforeseen event impacting operations

India's weightage climbs to record high on MSCI Global Standard index

India's weightage in the index has nearly doubled since November 2020

Paytm readies three-member group advisory committee; RFP for auditors

Committee to be headed by former Sebi chief Damodaran

Max Healthcare to acquire Nagpur-based Alexis Hospital for Rs 412 rore

Max Healthcare added that the bed capacity can be expanded to 340 beds in view of the availability of the floor area ratio for the given land and the strength of the existing structure

CG Power announces JV in semiconductors manufacturing with 2 foreign firms

JV investments will be completed only after satisfactory completion of the conditions in the agreement, and getting necessary approvals from the relevant government agencies

Paytm chief meets RBI for clarity on transferring wallet, FASTag biz

Regulator told Paytm Payments Bank last week to stop accepting new deposits in its accounts and digital wallets from March 1

ChrysCapital looking to raise $300 million to maintain stake in NSE

Depending on how many investors opt in, ChrysCapital is expected to collect between $250 million and $300 million for the fund

Rashi Peripherals IPO: Priced at Rs 295-311 per share, to raise Rs 600 cr

Rashi Peripherals, an information and communications technology products distributor, on Friday said it has fixed a price band of Rs 295-311 apiece for its Rs 600 crore-Initial Public Offering (IPO). The issue will be open for public subscription from February 7 to February 9 and the bidding for anchor investors will open for a day on February 6, the company said in a statement. The IPO is completely a fresh issue of equity shares to the tune of Rs 600 crore with no offer-for-sale component. Of the IPO proceeds, funds worth Rs 326 crore will be utilised for payment of debt and Rs 220 crore for funding working capital requirements and general corporate purposes. Investors can bid for a minimum of 48 equity shares and in multiples of 48 equity shares thereafter. Mumbai-based Rashi Peripherals Ltd caters to brands like ASUS Global Pte. Ltd, Dell International Services India, HP India Sales and Lenovo India. The company aims to expand its geographic presence in non-metro cities, whic

Aditya Birla Capital Q3 results: Consolidated net up 39% at Rs 736 crore

The company's consolidated revenue grew by 29 per cent Y-o-Y to Rs 9,997 crore, up from Rs 7,743 crore in the quarter ended December 2022

Dr Reddy's Lab Q3 results: Net profit rises 11% on strong US, EU sales

For the Indian business in Q3 FY24, the revenue stood at Rs 1,180 crore Y-o-Y with a growth of 5 per cent and a sequential decline of 1 per cent