Fri, Nov 22, 2024 3:05 PM
NLC India emerges highest bidder for a new Patrapara south coal mine
A Flip by Shubhangi Gupta
Power utility major CESC's wholly-owned subsidiary - Eminent Electricity Distribution - will take over the distribution company responsible for supply of electricity in the Union Territory of Chandigarh. It will acquire a 100% stake in the Chandigarh electricity distribution company for Rs 871 crore, subject to terms and conditions, after receiving a Letter of Intent.
Open Flip
The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices, as per a report. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season.
Open Flip
Three senior executives at Religare Enterprises (REL) have resigned in the past two months. On Friday, REL informed the stock exchanges that including the newly-appointed company secretary and compliance officer, Rajat Kalra, and chief financial officer Nitin Aggarwal, amidst an investigation by the Enforcement Directorate into allegations of fund siphoning.
Open Flip
