Diamond Power Infrastructure Limited announced on Friday that it has received a letter of intent from Adani Energy Solutions Limited for the supply of 5,403 kilometres of AL-59 Zebra Conductor for the Jamnagar Project. The order is valued at ₹236.71
Trump’s visit to India: After the souring Indo-US diplomatic ties following the imposition of 50% Trump, the US President urged New Delhi to raise this to 100%, and the India-US trade deal talks got jeopardised. However, some ice was broken
Indian Real Estate Investment Trusts (REITs) are generating an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by CREDAI and Anarock. Illustration: Dominic Xavier/Rediff CREDAI, the apex body
India’s forex reserves jumped $4.04 billion to $698.27 billion during the week ended September 5 on the back of a sizeable increase in value of gold reserves, the RBI data said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting
The initial public offer of app-based beauty and home services platform Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the last day of bidding on Friday. Illustration: Dominic Xavier/Rediff The Rs
Retail inflation in August rose slightly to 2.07 per cent from 1.61 per cent in the preceding month, mainly due to increase in prices of vegetables, meat and fish, according to a government data released on Friday. Photograph: ANI Photo
Manish Chokhani, Director at Enam Holdings, advised investors to align their expectations with realistic market returns. Highlighting a normative 15% annual return over a four- to five-year horizon, he cautioned that expecting the extraordinary gains of the past few years
SBI Mutual Fund has increased its stake in Sundram Fasteners Limited (SFL) to 7.5534 percent. As per the exchange filing, the mutual fund, through its various schemes, purchased 10,814 shares representing 0.0051 percent of the company’s paid-up share capital. Following
‘In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.’ Illustrations: Dominic Xavier/Rediff After the Goods and Services Tax Council took the historic
‘Despite assurance from China, none of the companies have received supplies from Chinese sellers.’ IMAGE: The assembly line at the Hyundai Motor India Ltd plant in Kancheepuram district, Tamil Nadu. Photograph: Babu/Reuters Even after China’s assurance to address India’s
