JSW Energy and MSEDCL sign PPAs for 1,200 MW of combined solar and wind power.

JSW Renew Energy Limited and JSW Renew Energy Thirty Limited, the company’s step-down subsidiaries, signed Power Purchase Agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) on Friday for STU-connected Solar-Wind Hybrid Capacity, JSW Energy Limited announced. Two hybrid projects totaling 1,200 MW in capacity have PPAs signed by the company. Each project has…

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Benchmarks drop to two-month lows due to FPI withdrawals and poor earnings.

Benchmark indices extended their downward trajectory on Thursday, closing at their lowest points in almost two months due to disappointing earnings and ongoing selling by foreign portfolio investors (FPIs), which dampened investor sentiment. After posting dismal profits for the September quarter, Bajaj Auto saw a 13% decline, making it the biggest loss on the Nifty….

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September exports increase by a flat 0.5% while the trade deficit hits its lowest level in five months.

India’s merchandise exports increased somewhat year over year to $34.58 billion in September, albeit from a low base (-2.8%). However, with import growth also being moderate at 1.6%, the trade imbalance shrank to $20.78 billion, its lowest level in five months. With exports falling sharply by 9.3% year over year in August, the trade imbalance…

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Shares of Reliance Industries rise more than 1% following the news of a 1:1 bonus.

Mukesh Ambani’s Reliance Industries Limited (RIL) shares increased 1.1% to Rs 2,738.70 during intraday trading on Thursday after it was announced that October 28, 2024, would be the record date for identifying shareholders who qualify to get 1:1 bonus shares. Late on Wednesday, the company announced that its bonus issue had been approved by shareholders,…

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IPO Hurry! While 18 of 30 major IPOs fail and 8 have negative returns, Bajaj Housing Finance and Bharti Hexacomm have significant gains.

Comparing the CNX 500 index to the 30 IPOs, just twelve of them, in terms of issue size, were able to provide investors with returns. From a different perspective, 60% of IPOs have not been able to outperform the CNX500 since their introduction. Thirty-one IPOs have had eight negative returns. Reliance Power destroyed the most…

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Cement demand is expected to increase at a moderate rate of 7-8% in this fiscal year.

According to research by CRISIL Ratings, cement consumption is predicted to increase at a slower rate of 7-8% on-year to over 475 million tonnes (MT) this fiscal, following a compound annual growth rate of almost 11% between fiscal 2022 and 2024. Nonetheless, it stated that cement companies’ operating profitability is probably going to remain above…

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FPIs Keep Up Their Selling Trend! Outflows of Rs 55,742 crore over the last seven days

For the seventh straight trading session on Tuesday, foreign portfolio investors (FPIs) kept selling Indian stocks, taking out an extra Rs 5,729 crore. With the largest single-day selloff on October 4, when FPIs offloaded Rs 15,506 crore, data shows that the cumulative outflow by FPIs over the previous seven days has reached Rs 55,742 crore….

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