The firm expects its recent equity infusion, debt refinancing and the compensatory rate to lead to a turnaround in its financial position. For the past year, Adani Power has been undergoing an overhaul for its debt, including measures such as equity infusion and refinancing. These have helped the company survive the rough times since proceeds from the compensatory rates are yet to come by. The firm expects its recent equity infusion, debt refinancing and the compensatory rate to lead to a ... Rediff.com, 6 days ago
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25 Benchmark indices ended negative today on broad-based selling amid weak global cues as Asian stocks trade lower after Wall Street fell in overnight trade. Investors also remained cautious as the cash crunch continued to weigh on expectations for the December quarter earnings. Two-day GST Council Meet which starts today also affected the sentiment. Nifty, which fell below the 8,000 mark for the ...Rediff.com, 3 weeks ago
The broad market depicted strength. 1,525 shares rose and 1,131 shares fell. A total of 156 shares remained unchanged Extending gains for the second straight session, the benchmark indices settled the day higher as gains in Asian markets and expectations of an interest rate cut by the Reserve Bank of India (RBI) in its policy review tomorrow aided sentiment. The S&P BSE Sensex settled the day at 26,393, up 44 points, while the broader Nifty50 failed to hold above 8,150 and ended at 8,143, ...Rediff.com, 1 month ago
ONGC was the top performer while private banking major ICICI Bank extended gains Markets gained momentum in the latter half of the trading session, amid firm European cues, to end higher led by ONGC and private banking major ICICI Bank extending gains. The S&P BSE Sensex ended up 102 points at 28,179 and the Nifty50 ended up 16 points at 8,709. In the broader market, the BSE Midcap ended down 0.1% while the Smallcap index ended up 0.5% each. Market breadth ended firm with 1681 gainers and ...Rediff.com, 2 months ago
Around 300 promoters serve their company boards for free. In 1997, Steve Jobs returned to the helm of Apple after a gap of 12 years. For the next 14 years till he retired, he drew an annual salary of $1. He let the 5.5-million Apple shares do the earning for him. And, they didn’t disappoint going up about a hundred times, when Jobs went about changing the world. There are several promoters serving on the boards of their Indian companies, who don’t draw any remuneration at all from ...Rediff.com, 2 months ago
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