Page 43 - Rec News Today

Sensex and Nifty 50 are in the red for January as the year-end rally loses momentum due to US market weakness.

The RP invited lenders to vote on whether to consider Adanis unsolicited offer since he has already filed an application with the NCLT. In the last week of December, lenders unanimously voted to consider the offer. KPMG-backed RP Saurabh Kumar Tikmani has applied to the NCLT seeking direction on holding an auction with Adanis offer as an anchor bid. The tribunal is scheduled to hear the matter on January 16.

REC has opted for a Regulation S offering which will make it compliant with US laws without the need for the company to register with the stock market regulator there. The offering will be open to multiple investors who invest in Yen-denominated securities based in and outside Japan.

REC Power Development and Consultancy Ltd (RECPDCL) has signed an initial pact with the Gujarat government for Rs 2,094.28 crore in smart metering projects in Paschim Gujarat Vij Company Ltd (PGVCL) under the Revamped Distribution Sector Scheme.

Sent to the hospital, treated for a head injury. e ok >> shes suspected to be okay. julie he repeatedly punched this girl. i mean, this woman, this judge, this honorable judge should putf him behind bars for the restyou of his life. youve mentioned he wamenes a te time convicted felon. this is a shocker, convicted of attempted battery and substantial bodily harm. victed okudos to her, first of r not giving him the probation the that he was seeking when he was. in court that day. he deserves and ...

Power stocks lead the way with Rural Electrification Corporation and Power Finance Corporation achieving multibagger returns. Bharat Heavy Electricals and NTPC also saw significant gains. Indias fuel retailers, including IOC, BPCL, and HPCL, rallied due to improved refining margins.

Pashupati Advani says: “The public sector is driving the boost in the economy. One should be bullish on those enterprises. Plus, the government will probably sell some shares off in the secondary markets. Some of them are even looking interesting to buy at these levels because I am presuming the government will want to sell at higher levels.”

"Overall, the big trigger will be the Fed rate cut which should happen by March, April and we will have to see the magnitude of that so the big defining trend for this year will be rate cuts across the world," says Ajay Bagga, Chairman, Elyments Platforms

The Yancey School Community Center opened its doors to elementary school students over winter break.

Sandip Sabharwal says: “Among the largecaps, I would say that something like Tata Steel could possibly do well, like the iron ore story is also looking decent. Hindalco has already done very well, so there is a possibility Vedanta could come back. The only spanner in the works there is the huge debt of the parent and what happens to that.”