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Adani Power calls off acquisition of DB Power

Updated at : 2023-02-17 08:45:03

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"We wish to inform that the long stop date under the memorandum of understanding ... has expired," Adani Power informed the bourses on Wednesday. The company did not, however, assign a reason for calling off the deal. An email query sent to the company im this regard remained unanswered until the time of going to press on Thursday.

State-owned Bank of Baroda (BoB) has increased its MCLR by 5 bps across all tenors from February 12. The bank has revised one-year MCLR to 8.55% from 8.5%. The overnight, one-month and three-month MCLRs stand at 7.9, 8.2 and 8.3%, respectively, according to its website.

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“From the last 10 years of study and based on what we are seeing for the country, India will have the biggest and fastest growth rate. This country will see the biggest transformation among the rest of the countries of the world.”

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The U.S. currency also hit a new six-week high against the yen, euro, and Australian dollar in the wake of economic reports

CCI gives nod to deal involving VVDN Technologies

Updated at : 2023-02-17 01:45:03

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The proposed combination relates to acquisition of shareholding by the Kotak Special Situations Fund (KSSF) and Kotak Pre-IPO Opportunities Fund (KPIOF) through a combination of secondary share purchases of equity shares and subscription to compulsorily convertible debentures of VVDN Technologies, according to CCI

Gold prices hover near 1-month low: What lies ahead?

Updated at : 2023-02-16 23:20:04

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US stocks open lower as producer prices rebound

Updated at : 2023-02-16 22:20:04

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The S&P 500 opened lower by 32.85 points, or 0.79%, at 4,114.75, while the Nasdaq Composite dropped 174.28 points, or 1.44%, to 11,896.31 at the opening bell

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The ECB plans to cut its debt pile by 15 billion euros a month from March but this figure will be revisited and some policymakers have already called for quicker pace from the third quarter

ideaForge Technology plans to raise Rs 3,000 crore through fresh issue of shares; Akme Fintrade IPO comprises fresh issue of 1.10 crore shares of face value Rs 10 each

​The 52-week low is the least price at which a stock has traded during the last year​

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