Latest Stock Market News

A total of 7,362,757 shares changed hands on the counter till time (IST).

The Dow Jones Industrial Average rose 11.09 points, or 0.03 per cent, at the open to 34,507.15.

Infosys, MindTreee, National Standard (India), Plastiblends India, Aditya Birla Money and Morarka Finance are among the companies that will announce their September quarter results today.

The state-owned power giant is looking at a collaboration with banks to rescue KSK Mahanadi Power, a holding company which houses the plant. The collaboration could take the form of a 50:50 joint venture (JV) between NTPC and the banks after the former infuses funds into the company, these executives said.

Oil prices have been firming up recently with Brent at $84 a barrel — near its three-year high — led by a rebound in global demand that has contributed to energy shortages across various big countries such as China. While rising oil is bad news for India — a net importer of crude — some oil explorers such as ONGC and Oil India have benefitted.

“Bharti’s cashback offer is targeted at migration of 2G subscribers to 4G services, which will likely be ARPU-accretive and also reduce churn,” CLSA said in a report. It added that the “timing is positive too, ahead of the JioPhone Next launch in November”.

TPG’s investment is through the recently released $5.4 billion climate fund – Rise Impact. Former US treasury secretary Hank Paulson serves as its executive chair along with the fund’s cofounder James Coulter. Like several money managers, TPG too has been actively focussing on environmental, social and corporate governance (ESG) investment themes.

Nazara, which has actively been scouting and acquiring companies over the last five years, is now looking to fill some gaps in its casual, social multiplayer, e-sports and real money gaming segments.

Without naming the group, Goenka informed the board Tuesday that two representatives of Invesco - Aroon Balani and Bhavtosh Vajpayee – presented a merger deal to him involving ZEE and “certain entities” owned by the large Indian group (strategic group) on February 23, 2021.

Both announcements on Tuesday are in line with RIL chief Mukesh Ambani’s ambitious plans of investing Rs 75,000 crore over the next three years to build a new clean energy business to fuel the conglomerate’s commitment to be net carbon neutral by 2035.