Wipro Ltd. shares rose as much as 7.6% to Rs 723.9 in early trade, before paring gains, as brokerages raised their target prices after the company’s September quarter earnings beat estimates.
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India States Hit by Power Outages as Coal Supply Still Tight
India’s energy crisis is starting to bite with states from Uttar Pradesh to Rajasthan and Kerala hit by blackouts over the weekend.
Billionaire Ambani’s Reliance Buys REC Solar for $771 Million
A unit of Reliance Industries Ltd. acquired solar panel manufacturer REC Solar Holdings AS in a deal giving the company an enterprise value of $771 million as the Indian oil-to-retail conglomerate seeks to extend its dominance into alternative energy.
Reliance New Energy Solar Acquires REC Solar Holdings
Reliance New Energy Solar Ltd., a wholly-owned subsidiary of Reliance Industries Ltd., has acquired REC Solar Holdings AS for an enterprise value of $771 million.
Oil Heading for Seventh Weekly Advance With WTI Nearing $80
Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia.
JSW Energy Advances After Signing Contract With GE Renewable For Supply Of 810 MW Wind Turbines; RSI > 70
Shares of JSW Energy Ltd. Rose 2.6% to Rs 389 apiece after the company signed a contract with GE Renewable Energy for the supply of 810 Mega Watt of onshore wind turbines.
Tata Motors Jumps After Morgan Stanley Upgrades Citing Outlook
Tata Motors Reports: The next two years could be “strong” for Indian autos and particularly Tata’s business, because of its lean cost structure, refreshed model portfolio and leverage, Morgan Stanley says, upgrading Tata Motors’ stock.