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, 1 month ago
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively. Benchmark indices settled on a higher note with Nifty 50 holding 8,450 level ahead of expiry of January derivative contracts tomorrow and Union Budget that will be presented on February 1. Analysts are hoping for a budget that delivers some incentives to support an economy that has been hit by India's shock move to ban higher-value banknotes. Sensex rallied as ...Rediff.com, 3 weeks 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, 1 month 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, 2 months ago
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