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About 9 results for "adani power rsquo"

Top Indian firms queue up to restructure loans

Top Indian firms queue up to restructure loans

  The Adani Group’s power projects, Reliance Gas and Transportation, and Hindalco Industries have had their loans restructured after they blamed the economic slowdown and land acquisition and environment clearance delays. In August 2014, the Reserve Bank of India allowed banks to extend the tenure of loans to 25 years to match the cash flow of infrastructure projects, while refinancing them every five years.   Earlier, banks did not lend beyond 12 years for infrastructure ..., 2 months ago

Maharashtra not to purchase power from Dabhol plant

The government’s move is crucial as the state distribution utility MahaVitaran was purchasing about 95 per cent of power since the Dabhol project began generation in April 2006 The Bharatiya Janata Party (BJP)-led government in Maharashtra on Thursday said the state was not keen to draw power from the Dabhol power project, citing surplus availability. State Energy Minister Chandrashekhar Bawankule told Business Standard: “Maharashtra is power surplus without any major loadshedding.
 Rediff.com1 month ago

A slice of Vibrant Gujarat for the state's Muslim businessmen

Muslims have marginal representation in the state’s industry chambers Gaurav Path, Surat. Photograph: Courtesy Wikimedia Commons. Enterprises run by Muslims account for 20-23 per cent of the MSMEs in the state. The annual turnover of most of these units, however, is only Rs 1-5 croreSafibhai Maniar, owner of Maniar & Co, which deals in material-handling equipment, had his entire business set-up gutted in 2002. That wasn’t the first time the Maniar family had to start from ...
 Rediff.com1 month ago

Anil Agarwal, Adanis, Ambanis lose the most in Modi regime

Among the gainers, Siddhartha Lal of Eicher group (net worth up 152 per cent) tops the list, followed by the Ruias of Essar Group (up 111.4 per cent) and Desh Bandhu Gupta of Lupin (up 104.5 per cent). For India’s top business houses, the first 15 months of the Narendra Modi government has been a roller-coaster ride. While the promoters of information technology, pharmaceutical and consumer goods companies have gained, those of old-economy businesses such as metals, energy, power and ...
 Rediff.com2 months ago

Markets end lower on Bihar verdict; Nifty holds 7,900

Pharma shares were the top losers along with private banking majors while auto shares were the top gainers. Markets rebounded from their day's lows but failed to end in positive terrain as the Bihar Assembly polls verdict raised concerns that the process of further reforms could take a back Earlier, markets had slumped in early trades after the ruling NDA lost to the Grand Alliance in the Bihar Assembly polls. The 30-share Sensex ended down 144 points at 26,121 after hitting an intra-day low of ...
 Rediff.com2 weeks ago

Prabhu asks Indian Railways to save Rs 5,000 cr on energy bill

Railways Minister Suresh Prabhakar Prabhu on Friday said he has asked the railway board to ensure savings of at least Rs 5,000 crore by 2019 on railways’ energy bill of Rs 33,000 crore. As part of its energy-saving initiative, the ministry said it has increased efforts to source cheaper electricity through auction-based procurement and invest Rs 1,000 crore in setting up captive power plant in Bihar. “Our target, for which I keep pressing my board colleagues, is to try and save ...
 Rediff.com2 weeks ago

Markets snap 3-day winning streak, Nifty holds 8,250; Midcaps outshine

Weak opening of the European markets during mid-session also dampened the sentiments. Benchmark indices snapped three day winning streak and closed lower amid volatile trades, weighed down by metal and oil shares. Weak opening of the European markets during mid-session also dampened the sentiments.   However, buying demand among select auto and IT shares limited the downside pressure in trades today.   The 30-share Sensex ended lower by 58.09 points at 27,306.83 and the ...
 Rediff.com1 month ago

Sensex gains on Fed rally; posts best week since mid-June

Sensex rises 233.70 points to close at 27,079.51; Nifty gains 60.35 points to settle at 8,189.70.    Markets closed higher on a firm note amid positive global cues after release of the minutes from the last Federal Reserve meeting indicated that the Fed is was unsettled by signs of a global economic slowdown and its impact on the US economy which in turn boosted the trading sentiments. A rebound in the commodity prices fuelled the rally.    The Sensex rises 233.70 points ...
 Rediff.com1 month ago

A third of BSE 500 stocks back to Manmohan era

Stock prices of 176 of BSE 500 firms now below their levels on May 26 last yearThe BSE benchmark Sensex seems to be under-reporting the extent of pain gripping the broader market. Nearly a third of the BSE 500 companies (176 stocks) have lost all the gains they made since the Narendra Modi-led government took charge at the Centre on May 26 last year. And, more than 10 per cent (40 of 498 companies) have lost at least half their market value during the past 15 months. The biggest losers have ...
 Rediff.com2 months ago
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