Stock market today: The Indian stock market benchmark indices, the Sensex and the Nifty 50, are expected to open higher on Tuesday, supported by positive global market cues after Donald Trump indicated that the US-Iran conflict could be approaching an end. Trends in Gift Nifty also signal a strong start for the domestic benchmarks. Gift…
The Indian stock market is expected to open lower on Friday, following weak global market cues, as the escalating US-Iran weighed on sentiment and rising crude oil prices stoked fears of higher inflation. The trends on Gift Nifty also signal a gap-down opening for the frontline indices, Nifty 50 and Sensex today. On Thursday, the…
Shares of Torrent Power, a leading integrated power utility, came under severe selling pressure in today’s session, falling 6% to the day’s low of ₹1,397.70 apiece, as investors appeared disappointed with the company’s performance in the December quarter. Although the company posted growth in both the top line and bottom line, the sequential performance remained…
Torrent Power, a leading integrated power utility, announced its December quarter performance post-market hours today, reporting a consolidated net profit of ₹655 crore, marking a 34% year-on-year jump from ₹490 crore in the year-ago quarter. According to the company, the higher profit during the quarter was driven by increased contributions from gas-based power plants, improved…
At the heart of the Bill is a shift away from the monopoly-based distribution model towards regulated competition. The framework would allow multiple licenses to operate in the same geography using shared network infrastructure, with the aim of improving efficiency, financial sustainability and consumer choice. The reform push comes against the backdrop of persistent stress…
