Day: June 15, 2021

Shares of Adani Group companies rebounded from their respective intra-day lows on Monday after the company clarified that the demat accounts of three foreign funds-Albula Investment Fund, Cresta Fund and APMS Investment Fund holding shares in group Companies ‘are not frozen’. The stocks of all six listed Adani Group companies — Adani Enterprises, Adani Ports […]

Amara Raja Batteries, one of the largest lead acid battery manufacturers, is eyeing a bigger play in the energy and mobility business as it seeks to ride the opportunity electric vehicles, advanced home energy solutions and other allied products and services, will open in the coming years. It has charted a strategy of “future-proofing” the […]

Amara Raja Batteries on Monday said it has decided to invest in green technologies, including in lithium-ion batteries, to capitalise on fast-evolving trends in the energy and mobility sectors. The company’s board has decided to expand its lead-acid batteries business and set up a new ‘Energy SBU’ encompassing lithium cell and battery pack, EV chargers, […]

Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities. It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions and […]

Shares of Godawari Power & Ispat hit a new high of Rs 1,489 after rallying 18 per cent on the BSE in intra-day trade on Monday, after the company’s shareholders approved the proposal for divestment of its shareholding in Godawari Green Energy (GGEL), a material subsidiary of the company. The stock was trading higher for […]

The US government is assessing a report of a leak at a Chinese nuclear power plant, after French frim EDF that partly owns and helps to operate it warned of an “imminent radiological threat.” The warning included an accusation that the Chinese safety authority was raising the acceptable limits for radiation detection outside the Taishan […]

Sterling and Wilson Solar Ltd on Monday announced the appointment of Amit Jain as Global CEO. Indian multinational and global leader in Solar EPC, Sterling and Wilson Solar Ltd has appointed Amit Jain as Global CEO, the company said in a BSE filing. He succeeds Bikesh Ogra, who relinquished the position with effect from May […]

Pity the great Indian bustard. The majestic, endangered bird is massive, making it slow to maneuver in flight. It has poor frontal vision, and an unfortunate habit of scanning the earth while flying across the flat grasslands of India’s western borders. That combination too often sets it on a fatal collision course with power lines. […]

RattanIndia Power Ltd on Monday said it has repaid Rs 1,219 crore debt in the last 15 months, including Rs 200 crore prepayment, despite the challenges posed by the COVID-19. “During the last 15 months, RPL has repaid the debt of Rs. 1,219 crore to lenders, including Rs 200 crores as prepayment, even in the […]

Anil Ambani-led Reliance Power will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent Reliance Infrastructure. The company said its board of directors has approved preferential issue of upto 59.5 crore equity shares and upto 73 crore warrants convertible into equivalent number of equity shares at an issue price of Rs […]