Reliance Infrastructure on July 10 said its subsidiary, Mumbai Metro One Private Limited (MMOPL), has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), a government entity, resulting in a debt reduction of more than ₹1,100 crore and the withdrawal of insolvency proceedings against the company. The agreement was executed…
Capital markets regulator SEBI has cancelled the registrations of 12 research analysts for failing to pay the mandatory renewal fee required to keep their certificates of registration in force. The action was taken under the SEBI (Intermediaries) Regulations, 2008, after the entities failed to renew their registrations despite being issued notices. The entities whose registrations…
US stock futures were little changed early Friday, July 10, after a strong session on Wall Street pushed the S&P 500 and Nasdaq Composite closer to weekly gains, while investors looked ahead to the much-anticipated Nasdaq debut of South Korean chipmaker SK Hynix and assessed a weaker global oil demand outlook. Futures linked to the…
Bank of Maharashtra will maintain its FY27 advances growth guidance at 18%, despite reporting stronger-than-guided loan growth in the June quarter, Managing Director and Chief Executive Officer Nidhu Saxena said during the bank’s post-earnings conference call on Friday, July 10. The state-run lender reported a 27% year-on-year increase in global advances to ₹3.06 lakh crore…
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L&T Finance Ltd reported its highest-ever quarterly consolidated profit for the June quarter, with net profit rising 28.7% year-on-year to ₹902 crore, driven by strong retail loan growth, healthy disbursements and improving asset quality. Total revenue increased 25% to ₹4,894.9 crore, while net interest income (NII) climbed 28.4% to ₹2,924.8 crore. The company also reported…
JSW Energy Ltd. on Friday said its step-down wholly owned subsidiary, JSW Energy PSP Eleven Ltd. (JEPEL), has secured orders worth ₹443.74 crore from Bondada Renewable Energy Pvt. Ltd., a wholly owned subsidiary of Bondada Engineering Ltd., for the supply of Battery Energy Storage Systems (BESS) and Power Conversion System (PCS) solutions. The order comprises…
Multi-disciplinary solutions provider specialising in the telecom passive infrastructure industry, Pace Digitek Ltd, on Friday (July 10), said its material subsidiary Lineage Power Private Ltd has entered into a Memorandum of Understanding (MoU) with Bondada Renewable Energy Private Ltd for the supply of Battery Energy Storage Systems (BESS). Under the agreement, Lineage Power will supply…
Adani Green Energy Ltd. (AGEL) said its operational renewable energy capacity increased 27% year-on-year to 20,142 MW in the quarter ended June FY27, driven by greenfield additions of 4,327 MW over the past year. The company commissioned 848 MW of energy capacity during the June quarter. It also operationalised 1,972 MWh of battery energy storage…
Search engine company Just Dial Ltd on Friday (July 10) reported a 4.12% year-on-year increase in net profit for Q1FY27, aided by higher revenue, while its operating margin narrowed. The company’s net profit rose to ₹166.22 crore from ₹159.65 crore a year ago, while revenue from operations increased 9.94% to ₹327.47 crore from ₹297.86 crore….
