In the biggest inorganic renewable energy deal in the Indian markets, Adani Green Energy bought SB Energy Holdings for a consideration of $3.50 billion or Rs.26,000 crore. It was an all-cash deal and marks the biggest inorganic investment of Adani Gr

In a move that was being demanded by the banks for some time, RBI has superseded the boards of SREI Infra and SREI Equipment Finance. RBI has appointed Rajneesh Kumar, the former CGM of Bank of Baroda, as the administrator for the two companies. The

It was a tale of two stories for the auto sector sales in the month of September. Despite the upcoming festive season, the chip shortage has hit the sales numbers of most of the large passenger car companies. Smaller passenger car companies were bett

A little over a week after SEBI approved the setting up of the gold exchange and trading in electronic gold receipts (EGRs), the BSE appears to be all set to go. According to a statement given by the BSE, the exchange was technologically ready to lau

India has traditionally struggled to produce enough coal to meet demand. However, the crisis of coal has never been this bad. According to reports coming in from the thermal power plants in India, coal stocks are critically low. This is all the more

Ritesh Agarwal is already India’s youngest self-made dollar billionaire at the age of 27. But he has bigger plans to take the company public. Oravel Stays, the company that operates OYO Rooms, has filed the draft red herring prospectus (DRHP) with

On 01st October, the NCLT passed an order urging Zee Entertainment to call an extraordinary general meeting (EGM) of shareholders as demanded by Invesco Fund and OFI Global China. These 2 funds hold 17.88 stake in Zee Entertainment and are the singl

According to media reports, there is now official Finance Ministry confirmation that LIC will file its draft red herring prospectus (DRHP) with SEBI in Nov-21 and the road shows for domestic and international investors will begin in Jan-22. DIPAM has

Even as the Evergrande crisis has become the highlight of all that is wrong with the China model, the country is facing another crisis at a macro level. That is the rampant power shortage in China. It is not just China, but even the UK and the

The Rs.2,768.26 crore IPO of Aditya Birla Sun Life AMC Ltd, consisting entirely of an offer for sale (OFS) of Rs.2,768.26 crore, was already fully subscribed on Day-2. As per the combined bid details put out by the BSE, Aditya Birla Sun Life AMC Ltd

Paras Defence & Space Technologies had a bumper listing on 01st October as it listed at a premium of 168; much better than what the GMP had indicated. Paras Defence & Space Technologies listed at a premium of 168 and traded through the day

In an unprecedented hike, the Union government increased the price of natural gas by 62 from $1.79 per MMBtu to $2.90 per MMBtu (million British Thermal Units). This is the sharpest hike in natural gas prices in a subsequent 6 month period. Indian g