The three companies are NTPC Vidyut Vyapar Nigam (NVVN), North Eastern Electric Power Corporation (NEEPCO), and one-year-old NTPCRenewable Energy (NREL).
Power Company – as part of the monetisation plan. Senior NTPC executives said NREL would be listed before October 2022. NTPC incorporated the wholly-owned subsidiary for its renewable energy projects in October 2020. Gurdeep Singh, chairman and managing director of NTPC, at a public event in June this year, had announced that NREL would be listed soon.
NTPC would also exit its joint venture with steel major SAIL — NTPC-SAIL
NTPC plans to list three subsidiaries:
NREL: Renewable energy arm incorporated last year, to help execute 60 GW RE by 2032 plan by NTPC
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Dividend spurs hope for 1 trn cut in govt borrowing
The RBI approved a dividend of 2.11 trillion for the central government for 2023-24, marking an increase of roughly 141 per cent from 2022-23 (FY23). In addition, the contingency risk buffer has been raised to 6.5 per cent from the previous 6 per cent.
Markets and polls: The Bernstein playbook
With the Lok Sabha election results less than two weeks away, the markets are sitting pretty with the benchmark Nifty and the Sensex closing at record highs.
Adani Group mcap rises to ₹17.5 trillion
Highest since January 24, 2023, when Hindenburg released its report against the group
Weak Q4 may be rare bitter pill for Sun Pharma
DEVANGSHU DATTA Sun Pharmaceutical Industries reported a 34 per cent year-onyear (Y-o-Y) jump in net profit to ₹2,654.6 crore in Q4FY24.
Jio Financial seeks shareholder nod to increase FPI legroom
Jio Financial Services has sought shareholders' approval to raise foreign investments (including foreign portfolio investments), amounting up to 49 per cent of the equity share capital.
BSE calls off merger of GIFT City unit with NSE
Talks fail over disagreements regarding merger
Sebi proposes measures to ease ESG disclosures by listed companies
The Securities and Exchange Board of India (Sebi) has proposed measures to ease environmental, social and governance or ESG-related disclosures by listed companies and their value chain partners.
IPL to boxing, IIT Madras packs a punch with Al
Royal Challengers Bengaluru (RCB) are out of the Indian Premier League (IPL) this season, but they have made a splash by actively incorporating artificial intelligence (AI) and data analytics to enhance player performance developed by the Indian Institute of Technology Madras (IIT Madras).
Limits of the global gold rush
Driven by increased demand, international gold prices are at record highs, surging over 30 per cent in the past two years.
The white man's burden on global tourism
On her travels to Konya in central Turkey, a carpet seller she has befriended asks Shahnaz Habib where she's from.
