MUMBAI: Shares in Adani Power bounced around the issue price of 100 rupees after a shaky opening for India’s first large IPO in 18 months, a performance that may prompt other listing hopefuls to lower their valuation expectations. At 0529 GMT, shares in Adani Power, which raised $…

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Adani Power, whose IPO lit up the country’s primary market space with good response from investor, is expected to surge in the range of 10-30 per cent over its issue price of Rs 100 when the company lists its shares on bourses tomorrow, experts say. “The pricing of the IPO wa…

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Mumbai: McNally Bharat Engineering Company on Monday said it has bagged an order worth Rs 151.50 crore from the state-run power equipments maker Bharat Heavy Electricals Ltd (BHEL) for a coal handling plant. The company has received an order from BHEL, Chennai for design, engineering, er…

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At 12.09 pm, the Nifty was trading flat since morning and showed no signs of direction either way. Some buying interest was seen in oil & gas, metals, auto and power stocks. However, IT, FMCG, banking stocks were trading weak. The boarder indices were witnessing good buying interest….

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New Delhi: Larsen & Toubro Ltd (L&T) on Wednesday signed a Rs 4,000-crore agreement to supply power equipment to Jaiprakash Power Ventures (JPVL), a unit of Jaiprakash Associates Ltd. L&T will source the super critical units boiler and steam turbine generator for the 1,320…

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Drug firm Strides Arcolab today said it is in a position to supply Oseltamivir Capsules, the only available medicine against Influenza A HINI virus (Swine Flu), to meet the demand both from domestic and overseas market. “Strides is fully geared to meet significant supply of the …

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Stock prices of companies which announced open offer have seen sharp appreciation in the recent past. A study of around 30 companies that announced open offer so far this year, reveal that share prices of over 90% of the companies rose significantly between the announcement date of the op…

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NHPC Ltd, a central PSU mini ratna, is the largest hydroelectric generator in the country with 13 stations operating and an installed capacity of 5,175MW. It accounts for 14% of the country’s hydro capacity. NHPC’s plans to nearly double its standalone capacity will play an institutio…

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MUMBAI: The Indian rupee strengthened on Wednesday boosted by losses in the dollar against major currencies overseas but traders would be watching the local sharemarket open for further direction. The currency was trading at 47.62/63 dollar, from previous close of 47.73/74. Oil prices ed…

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MUMBAI: Adani Power has priced its initial public offer (IPO) at Rs 100 per share, and the shares are likely to be listed on the stock exchanges around August 20. The IPO will help the company raise Rs 3,016 crore… Peer comparison BOOK VALUE PRICE TO BOOK RATIO FY 10 …

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