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Sensex, Nifty scale record high

Read more about Sensex, Nifty scale record high on Business Standard. Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 366.54 points or 0.78% at 47,340.08. The Nifty 50 index was up 106.30 points or 0.77% at ....

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RIL, Lupin, DLF in focus

Shares of Reliance Industries (RIL) will be in focus. RIL has entered into definitive agreements to acquire the shares held by IMG Singapore Pte. Ltd in IMG-R, for a cash consideration not exceeding Rs 52.08 crore. Post completion of acquisition, IMG-R will become a wholly-owned subsidiary of the company and will be rebranded by the company. IMG Reliance (IMG-R) is a joint venture between IMG Worldwide LLC (IMG) and RIL. IMG Singapore Pte. Ltd., a wholly owned subsidiary of IMG, holds 50% of the share capital of IMG-R. IMG-R is engaged in the business of creation, management, implementation and commercialisation of sporting, fashion and entertainment events in India. ....

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Board of Coal India approves venturing into aluminium and solar power value chain

At meeting held on 24 December 2020The Board of Coal India at its meeting held on 24 December 2020 has accorded its In-principle approval to venture value into aluminium value chain (Mining-Refining-smelting) and solar power value chain (Ingot-wafer-cell-Module and Generation).
It also approved to create SPVs subject to obtaining concurrence from Niti Aayog, DIPAM and after feasibility studies and business analysis are completed and financial viability is established for the following-
a. Solar Power Value Chain (Ingot-Wafer-Cell-Module) business vertical at CIL
b. New & Renewable Energy (Non-conventional) Business vertical at CIL
c. Integrated Aluminium complex: A Greenfield project by central coalfields, a subsidiary of Coal India. ....

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