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.

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Nifty Forecast: Don’t Sell Nifty, We Expected Buy on Dips

Nifty Forecast

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.

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