Cyrus P Mistry did not follow the requisite protocol on matters of critical interests to Tata Trusts, the majority shareholder of Tata Sons, the Mumbai Bench of the National Company Law Tribunal (NCLT) said in its order.
Shares of Tata Power Company, Vedanta and UPL have hit their respective 52-week lows, falling in the range of 2% to 3% on the BSE in otherwise firm market
The National Company Law Appellate Tribunal (NCLAT) today turned down the plea of UK-based Liberty House to stay the resolution process of Bhushan Power and Steel.
Eastern India might face a shortage of power supply, from the ongoing protest by local villages at the Rajmahal mine in Jharkhand.
India’s ambitious strides in decarbonization and the transition to renewable power have seen her emerging as a country with the most number of coal-based generation projects cancelled between 2010 and 2017.
Shares of the Gautam Adani-led Adani Group companies have rallied by up to 16% on the BSE in intra-day trade in an otherwise subdued market.
Transmission company Sterlite Power on Wednesday said it has won six transmission projects in Brazil and will be investing close to $2 billion in the Brazilian power sector.
Efforts from state governments such as those of Maharashtra and Uttar Pradesh to develop floating solar plants might hit the financial-viability hurdle.
Tata Steel has raised concerns over power theft in Bhushan Power and Steel’s plant at Jharsuguda in Odisha.
The government’s insistence on bringing down the price of smart meters in the country and call for fast roll out has led to the entry of Chinese companies, much to the ire of domestic makers.