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Jindal Steel and Power Limited (JSPL) aims to start mining at Kasia iron ore block within a month, its Managing Director V R Sharma said. The integrated steelmaker on Thursday announced bagging of the block, which has total reserves of 278 million tonnes (MT).

Central Public Sector Undertaking (CPSU) Scheme Phase-II envisages setting up 12,000 MW grid-connected solar photovoltaic power projects by the government producers with Viability Gap Funding (VGF) support.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 96900.64 Crore) operating in Auto sector.

The group has been very clear that if and when the Air India acquisition is done, the strategy is to have one entity. Scale up the game and be the number one player in the space.

The London Court of International Arbitration has given the final arbitration award in the matter related to the spat between IndiGo promoters.

Invesco, the largest shareholder in Zee Entertainment Enterprises, is not against the company’s proposed merger with Sony Pictures Networks but wants a new board to evaluate the deal as well as decide on “future leadership”, it has said in a letter to the company’s

HDFC Bank plans to hire 2,500 people in the next 6 months. At present, the private lender offers its products and services to micro and medium enterprises in over 550 districts. Its rural banking services extend to 1 lakh Indian villages, which it aims to double to 2 lakh.

“For Nifty to continue with its up move, it would be crucial to keep its head above the 17790 levels. If the index slips by this point, it will push itself in some imminent consolidation. ”

Concerned about the potential for a digital-era bank run, the US Treasury Department is working on an oversight framework for the fast-growing sector.

For the coming week, traders should watch out for a negative divergence building up in RSI w.r.t price and VIX which has scaled above the 16 level as these are signs of an intermediate top formation.