Latest Stock Market News

India to kick start GDAM, Escerts trade from Tuesday

Updated at : 2021-10-26 08:20:01

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The launch of the green day-ahead market will deepen the green market and will provide competitive price signals, besides offering an opportunity to the market participants to trade in green energy, in the most transparent, flexible, competitive, and efficient manner, power and renewable energy minister R K Singh said on Monday.

Crypto platforms flush with risk capital have been roping in top celebrities like Ranveer Singh and Ayushmann Khurrana to advertise crypto trading in India. There are currently around 15-20 million crypto investors in the country.

“Our country has plenty of natural resources and is also endowed with vast solar energy potential. It is time we bring together these natural resources combined with the human resources and to take our country to new heights in power generation. More energy translates to more growth in economy,” Shirdi Sai Electricals chief executive officer Sharat Chandra said.

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CEO Debashis Chatterjee said there is still huge potential to grow the top accounts further.

REITs, InvITs set to get liquidity boost

Updated at : 2021-10-26 08:20:01

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“RBI’s notification on enabling FPIs to invest in debt securities of REITs and InvITs will open up the fundraising avenues as REITs and InvITs have a constant requirement of patient capital for acquisition and to scale their portfolio up,” said Sigrid Zialcita, chief executive of the Asia-Pacific Real Estate Association.

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"We do not foresee any capital requirement for lenders going forward. They all have plans to raise capital from the markets," said a government official, adding that this year allocation will be done by the end of March.

The mandate is being sought based on an internal assessment by lenders led by UCO Bank that the promoters - the Kanoria brothers - allegedly diverted money borrowed from banks to infuse equity in the subsidiaries, the officials said.

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The Tata Motors-owned British carmaker has taken production shutdown at its plants in Nitra (Slovakia) and Solihull (the UK) between October 25 and 29, while the plant in Graz (Austria), which is owned by its partner Magna Steyr, will witness no-production days on October 25 and 26, and November 1 and 2, people familiar with the development told ET.

Government aims to privatise 13 airports by March

Updated at : 2021-10-26 08:20:01

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AAI has decided to club seven small airports with six big ones--Varanasi with Kushinagar and Gaya; Amritsar with Kangra; Bhubaneswar with Tirupati; Raipur with Aurangabad; Indore with Jabalpur; and Trichy with Hubli.

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Tesla CEO Elon Musk is now worth more than Exxon

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