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JSW Energy to acquire Chhattisgarh-based thermal power plant operator Maruti Clean Coal & Power
JSW Energy said that it has signed a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal & Power (MCCPL).
JSW Energy acquires MCCPL to strengthen thermal portfolio
JSW Energy is acquiring Maruti Clean Coal & Power Limited for Rs 1,410 crore. This move supports JSW Energy's goal of reaching 30GW capacity by 2030. The acquired company operates a 300 MW thermal plant in Chhattisgarh. This acquisition strengthens JSW Energy's thermal portfolio and cash flows. It also enhances regional thermal power operations.
India Inc's cash hoard tops $200 billion in FY26 as companies hold back on expansion
India Inc cash pile tops $200 billion in FY26 as Nifty 500 firms hoard liquidity, led by Reliance Industries, while dividend payouts fall and debt rises modestly
Vedanta listing: Aluminium, Power, Oil & Gas, Iron & Steel share trading starts Monday. Target price and what else to expect
Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.
JSW Energy inks agreement to acquire Maruti Clean Coal and Power for ₹1,400 crore
JSW Energy to acquire 100% of Maruti Clean Coal and Power, adding a 300 MW Chhattisgarh plant toward its 30 GW by FY 2030 goal, pending land and lender approvals
Indian rupee also gains big against the US dollar
In a remarkable turn of events on Friday, the Indian rupee surged against the US dollar, largely due to a significant decrease in crude oil prices worldwide. Investor confidence was further lifted by President Trump’s remarks hinting at a potential resolution to the conflict with Iran. The currency settled at 95.
US stock markets this week: Dow, S&P 500 and Nasdaq jump 0.7%; SpaceX becomes a $2.1 trillion giant
Wall Street ended the week up 0.7% as investors anticipate the Fed's policy direction. Easing oil prices and a successful SpaceX debut drove optimism, despite ongoing concerns about AI stock volatility and developments in Iran negotiations affecting market trends.
Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rally
On Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the most. Firms in the oil marketing sector, tire production, and airlines enjoyed an uptick, as the affordable oil alleviated some financial anxieties. Conversely, upstream oil producers took a hit.
Peaccemeal cheers bulls as Dalal Street logs biggest gains in over 2 months
In a remarkable turnaround, Indian stock markets soared on Friday, with major indices climbing over two percent, their highest gains in the last eight weeks. The rally was driven by a significant drop in oil prices and renewed optimism over potential peace negotiations between the US and Iran, alleviating investor anxieties.
ED Arrests Ex-Reliance Telecom Director Satish Seth; To Produce Him In Delhi Court
The CBI has booked and raided Seth's premises earlier in March as part of its investigation into an alleged loan fraud worth Rs 114.98 crore at the State Bank of India (SBI).
US markets close cautiously higher as hopes for Iran peace deal rise amid SpaceX mania
Stocks rose on hopes of a US Iran peace deal, S&P 500 up 0.5%, Nasdaq 100 up 0.6%, SpaceX debuted on Nasdaq, oil fell 4% as talks to reopen the Strait of Hormuz advanced
Brent falls to lowest since March on expected peace deal
GLOBAL-OIL:Brent falls to lowest since March on expected peace deal