A huge sell-off across all sectors dragged the equity markets further into the negative territory during afternoon session, with the BSE Sensex shedding over 500 points.
Sensex was trading 136.94 points, or 0.40%, down at 33,548.60. The gauge lost 232.40 points in the previous 3 straight sessions.
Rationalisation of sources of coal for power plants under PSUs has resulted in annual savings of Rs 3,354 crore, Parliament was informed.
The broader NSE Nifty ended on a flat note after a volatile trade amid sluggish global cues ahead of US inflation data due today.
State-run power giant NTPC said it will raise USD 400 million through 10-year dollar-denominated bonds that carry 4.5 percent interest.
Airtel rose the most by 4.68% among Sensex scrips after its board approved raising up to Rs 16,500 cr for refinancing debt and paying for spectrum liabilities.
The BSE Sensex index surged over 500 points during the afternoon trade session, while the Nifty50 of the National Stock Exchange (NSE) traded over 150 points higher.
NTPC announced commissioning of its 8 megawatt (MW) small hydro capacity at Singrauli in Madhya Pradesh.
State-owned power giant NTPC has registered the highest ever gross electricity generation in a single day on February 28, 2018.
The CBI has registered a corruption case against the district magistrate of Bihar's Aurangabad, Kanwal Tanuj, and others, officials said.
Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric
Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years
Group is entering into a management contract with The Park Hotels
Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh
Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr
Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders
Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils
The govt announced in the budget a hike in import duty to 30-35%
TPG Cap and Manipal Health are eyeing controlling stake in the co
Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors
Will have to buy at least 26% stake through Voluntary open offer as part of takeover code
A 26% shareholding will automatically trigger the mandatory open offer for additional 20%
Business Standard Reports
TRAI issues show-cause notice to co
Seeks details of non-transparent, discriminatory tariffs to consumers
Have to respond till Mar 25
Action to depend on if tariff reported to regulator or not
Notice first one after TRAI issued tariff order on predatory pricing
Economic Times Reports