GAIL, Petronet To Gain As India’s Gas Usage Spikes — India’s city gas distributors will play a dominant role in improving the country’s demand for the cleaner fuel in the medium term even amid greater push towards electric vehicles and improved power supply, according to HSBC.
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NTPC Said to Plan IPOs of 3 Units, Could Raise $2 Billion
India’s coal power giant NTPC Ltd. expects to raise 150 billion rupees ($2 billion) through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans.
Nifty Forecast: Don’t Sell Nifty, We Expected Buy on Dips
Nifty Forecast: We did have new highs punched out, crossing the 18,000 mark on the Nifty and the 60,000 mark on the Sensex too. But those were brief taps to high levels that didn’t last. In fact for the Nifty it was just an opening tap so, it is a theoretical high rather than a traded high.
India Sells Rs 24,000 Crore Of Bonds As Planned: RBI
India sold Rs 24,000 crore ($3.2 billion) of bonds at a weekly auction as planned, the Reserve Bank of India said in a statement.
Why JSW Energy Is Upbeat About India’s Power Sector
Even as energy shortage grips the world, India’s power sector is emerging from a decade of stress because of the push to renewables, according to Prashant Jain of JSW Energy Ltd.
Maruti Suzuki Expects Chip Shortage To Adversely Impact October Production In Haryana & Gujarat
Shares of Maruti Suzuki India Ltd. shed nearly 3.3% to Rs 7,097.65 apiece after the company said in an exchange filing post market hours Thursday that it anticipated an adverse impact due to electronin components supply constraint on vehicle production in October in both Haryana and its contract manufacturing company in Gujarat.
3i Group-Backed BVG India Seeks Regulatory Approval for IPO
BVG India Ltd. seeks SEBI’s approval to raise as much as Rs 200 crore selling new shares, while its shareholders plan to sell up to 7.2 million shares in an initial public offering, according to its draft prospectus.