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"The vulnerability of the economy to recurring incidence of vegetable price shocks, especially ahead of and during the monsoon, warrants major reforms in perishable supply chains covering transportation networks, warehousing and storage technologies, and value addition processes that damp the amplitude of these swings," the central bank report said.

Adani Energy Solutions to buy transmission project

Updated at : 2023-08-18 07:20:01

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The KPS1 project includes the implementation of the KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line and the augmentation of Khavda PS1. The project was initially slated to be completed within 21 months.

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Funds are adopting innovative strategies to meet investor demands for higher returns, especially in credit funds, where investments are structured in a way to allow for risk to be time-tranched, with investors selecting credit opportunities based on their individual risk appetites.

Punjab & Sind Bank to sell two KSK loans

Updated at : 2023-08-18 07:20:01

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The lender is looking to recover over 50% from the sale. The bank has invited bids for a loan of ₹110 crore for KSK Mahanadi and ₹45 crore for KSK Water Infrastructure, setting a reserve price of ₹ 60 crore and ₹ 23 crore, respectively, on an all-cash basis.

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The rupee closed at 83.15 per US dollar on Thursday versus 82.95 per dollar at previous close. The previous record closing low for the Indian currency was 83.02 per dollar on October 19, 2022. The rupee had hit an all-time intra-day low of 83.29 per dollar on October 20, 2022.

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Delhi International Airport (DIAL) is raising up to ₹744 crore unsecured non-convertible debentures (NCDs) with a tenor of seven years whose proceeds will be utilised towards partly refinancing the NCDs due in October 2025.

CFM ARC raises offer for Vidarbha Industries

Updated at : 2023-08-18 07:20:01

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"In a meeting held today lenders asked CFM ARC to improve the bid amount to ₹1,265 crore from ₹1,220 crore and close the transaction," said a bank source. "CFM ARC has deposited the entire amount in two tranches by the end of the day."

TAQA looks to bet big on Adani's power business

Updated at : 2023-08-18 07:20:01

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TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, said the sources mentioned above. However, both sides believe there is maximum synergy between TAQA and Adani Energy Solutions, formerly Adani Transmission, to forge a strategic alliance and work together on projects in North Africa and West Asia.

​​With a Rs 1.59 lakh crore portfolio, Damani tops the chart, followed by Jhunjhunwala family. These investors together own shares worth `2.3 lakh crore, about 0.7% of the BSE’s total market capitalisation.

The Nifty closed lower by 0.5%, shedding 100 points to reach 19,365, while the Sensex experienced a tumble of 388 points, settling at 65,151

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