A breach in an artificial pond that stored toxic residue from a coal power plant run by the state owned NTPC has contaminated farmland in Madhya Pradesh's Singrauli, villagers have alleged. The district collector said no one was injured and the ash spillage happened inside the boundary wall of the power plant.
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Top Sensex losers were Bharti Airtel (1.61%), IndusInd Bank (1.12%) and Tata Motors (0.80%).On Monday, the 30 share Sensex ended 34.07 points, or 0.09 per cent, higher at 36,616.81. Similarly, the NSE Nifty edged up 22.10 points, or 0.20 per cent, to 10,934.35.
India should avoid knee jerk reaction to oil price hike, says oil minister18 hrs agoLay the Foundation for Innovation
New Delhi, Sep 9 (UNI) People from all walks of life, irrespective of their age and health, came out of their homes on a bright Sunday morning, to participate in the second Vivekananda Peace Marathon Delhi 2018 (Run For Peace), which aimed to spread the vision of social reformer Swami Vivekananda, of Universal Brotherhood and World Peace.
Shares of Tata Steel, TCS, NTPC, Infosys, Yes Bank, Bharti Airtel, HDFC Bank, Dr Reddy;s emerged as the top gainers while shares of ITC, SBI and Sun Pharma were the top laggards among the BSE Sensex components on Friday.Following the uptick in India 's stock market, the domestic currency also strengthened against the US dollar in morning trades. The Indian rupee regained about 14 paise to 68.2 against the US dollar at the interbank foreign exchange market on Friday. Besides increased selling of the US dollar by exporters as well as banks, a higher opening in the domestic equity market supported the rupee, PTI reported citing unidentified forex dealers. Earlier yesterday, the rupee recoiled back from 18 month lows and closed 8 paise higher at 68.34 against the US dollar after minutes of the Federal Reserve committee revealed a relatively dovish stance over interest rate hikes. The Reserve Bank of India fixed a reference rate of 68.2139 against the US dollar on Thursday.
Mumbai, Dec 18 (PTI) The stock market rallied 139 points today on prospects that the BJP is set to keep power in Gujarat and topple the Congress in Himachal Pradesh, but not before it got a big scare from counting of votes early on during the session.The start was ominous as the benchmark Sensex crashed 867 points to go below the psychological 33,000 while the NSE Nifty plunged 258 points within one hour of counting of votes that showed both the parties were locked in a tight race.But then, the tide turned as the BJP started to take lead in a majority of seats. According to Election Commission tally at 5 p.m., the BJP had won 70 seats and was leading in 29 for a possible total of 99 in the 182 member Gujarat assembly.In Himachal Pradesh, the BJP won 17 seats and was ahead in 27 seats while the ruling Congress won 10 and was ahead in 11 in the 68 member house. A majority will come with 35 seats.The 30 share BSE index hit a high of 33,801.90 and settled up 138.71 points, or 0.41 per cent, at 33,601.68, its highest closing since November 29 when it had closed at 33,602.76. The gauge gained 409.93 points in the previous two sessions after exit polls had predicted BJP win in Gujarat and Himachal Pradesh assembly polls. The 50 share Nifty reclaimed the key 10,300 mark to close higher by 55.50 points, or 0.54 per cent, at 10,388.75, its highest closing since November 27. It moved between 10,074.80 and 10,443.55 intra day.It was an extremely volatile session, borne out by the Sensex swinging over 1,200 points through the day and the Nifty 369 points."While market sentiment ebbed and flowed, as election results trickled in, PSU bank stocks marched ahead in anticipation of bank recapitalisation updates from the Parliament's ongoing winter session. Investors will now also focus on developments on the GST front, including implementation of e way bill mechanism," said Anand James, Chief Market Strategist, Geojit Financial Services. The rupee, which had earlier crashed, making up much of its losses against the dollar came as a big source of support.M M hit it big in the Sensex team, soaring 2.71 per cent, while Sun Pharma and SBI gained up to 2.06 per cent. In contrast, Yes Bank, Coal India, Infosys, ITC, Kotak Bank, HDFC and NTPC succumbed to rush for taking profit, which narrowed the gains. The metal index advanced 1.83 per cent, followed by auto consumer durables and healthcare. However, realty finished in the negative zone.Given the improvement in sentiment, the broader markets played along, with the mid cap index rising 0.76 per cent and small cap 0.45 per cent.Domestic institutional investors (DIIs) offloaded equities to the tune of Rs 635.44 crore while foreign portfolio investors (FPIs) net sold shares worth Rs 921.03 crore last Friday, provisional figures showed.Global shares showed an upward trend after prospects of the passage of a Republican tax Bill in the US improved. PTI SUN DP KPS SDG ARD
Shares of ONGC, L amp;T, NTPC were among the major gainers on Sensex, advanced up to 1.2% while Infosys, Adani Ports, Power Grid, HUL lost up to 1.4%. The benchmark Sensex shaved off 115.91 points to hit the day;s low of 33,563.33 and NSE Nifty slipped 41.65 points to mark the day;s low at 10,348.05.Earlier on Friday last week, close on the heels of Moody s upgrading India s sovereign credit rating, another global agency Standard amp; Poor s kept its rating unchanged at BBB while also keeping the outlook stable. S amp;P took a favourable view of Narendra Modi administration s economic reforms undertaken and lauded India s fiscal consolidation drive but refrained from upgrading the credit rating from the current BBB , the lowest investment grade. Notably, S amp;P had last upgraded India s rating from junk grade BB to lowest investment grade BBB 10 years ago in 2007.
EESL, a joint venture of four power PSUs NTPC, REC, PFC and POWERGRID had in the past disrupted the LED bulb industry by floating bulk tenders that lead to a eight fold decline in price of a 9 watt LED bulb in three years. In the case of electric vehicles, an industry still in its infancy in the country, it is trying a similar trick to provide a springboard for manufacturing of electric cars in the country. In August earlier this year, it came out with its first tender of 10,000 vehicles. The first phase of 500 vehicles is being supplied by the two successful bidders Tata Motors and Mahindra and Mahindra. "So far, we have confirmed orders for 2,000 vehicles from various government bodies. We are confident that by June, we would be able to get orders for all the cars that would be procured from the first tender," sais Saurabh Kumar, managing director, EESL. "The first lot of vehicles under phase 1 of 500 units would be given to us by end of this month. We will come out with a fresh tender of probably the same size by March April 2018."
Rahul, who resumed his three day Navsarjan Yatra late Thursday afternoon after his brief visit to Rae Bareli to meet the families of the victims of the NTPC plant blast, addressed a huge gathering of tribals here in Valsad where he attacked Prime Minister Narendra Modi and BJP. Many years ago, a war took place between satya and asatya. Pandavas had only truth with them and Kauravas had a huge army with them ... Similarly, today the fight is between satya and asatya. And I want to tell you that I also do not have anything to offer but truth. Modiji has state governments, central government, police, Army ... But falsehood never wins, he said.
Peddapalli: World Space Week 2017 evoked good response from various quarters. A two day space awareness exhibition, world space week organised jointly by National Thermal Power Corporation and ISRO started at EDC, NTPC, on Sunday.The exhibition, with the theme of exploring new world in space, has attracted large numbers of students, teachers and other visitors.
The 22nd GST Council meeting, which is underway in New Delhi today, is expected to bring widespread cheer to various stakeholders in the economy: consumers, small business owners, SMEs and exporters, to name a few. The council, headed by Finance Minister Arun Jaitley, is expected to heed the call by small businesses to lower the compliance burden by allowing them to file returns only once in a quarter instead of once every month as is required at present. Further, for the exporters reeling under tight liquidity conditions due to tax refund claims aggregating to Rs 65,000 crore stuck with the government, the GST Council may take immediate steps to speed up the refunds or relax the working capital requirements, in addition to introducing e wallet facility as well.Other shares which ended in green are Sun Pharma, NTPC, SBI, HUL, Infosys, ONGC, Bharti Airtel, and Reliance Industries with gains up to 3.2% while Hero MotoCorp declined by 1.42%. The stocks of heavyweight companies such as Reliance Industries, Infosys, NTPC, Tata Steel, L amp;T, SBI, Sun Pharma, HUL, and TCS contributed the most to the index gains. Collectively these nine stocks alone added about 194 points out of the 222 point gain in Sensex.
The Goods and Services Tax (GST) Council may consider reducing the tax slab to 5% from the existing 12% on the labour component in government project works when it meets for the second time today. The GST Council, headed by Finance Minister Arun Jaitley, will discuss various issues related to the GST via video conference call in the national capital.Shares of NTPC, Tata Steel, M amp;M, SBI, ONGC, Asian Paints, and Infosys were the leaders on Sensex, gained up to 3.63% while HDFC, and Hero MotoCorp were the only two stocks trading in red. The stocks of heavyweight companies such as Reliance Industries, Infosys, ITC, NTPC, ICICI Bank, Tata Steel, L amp;T, SBI, and Kotak Mahindra Bank contributed the most to the index gains. Collectively these nine stocks alone added about 142 points out of the 186 points rise in Sensex. The 30 share barometer Sensex was trading 0.62% higher at 31,787.2 points.
Lupin bucked the trend and was the top Sensex gainer to end 1.85 percent higher at Rs 1,517.90. NSE Nifty losers included Dr Reddy's, NTPC, Tata Motors and HDFC while Nifty gainers included Lupin and Tech Mahindra. Non index shares that gained on the BSE included RBL Bank (4.42 percent at Rs 391.10), Advanced Enzyme (4.91 percent at Rs 2,230) and Narayana Hrudayalaya, or NH(3.85 percent at Rs 356).
The market breadth was marginally negative as about 1325 shares declined against 1236 advancing shares on Bombay Stock Exchange.Infosys topped selling list, down over 4 percent followed by ITC, HDFC, ICICI Bank, TCS, L amp;T and HUL with 1 2 percent loss. However, Reliance Industries, ONGC, NTPC, Coal India and Cipla outperformed, up 1.5 2 percent.
New Delhi, June 6: State owned power utility NTPC today said it had no plan to buy back shares right now because it had around 24,000 megawatt of projects under construction requiring a capital expenditure of Rs 1 lakh crore. "As of now, we don't have any formal communication nor there is any further buyback from our side, " chairman and managing director Gurdeep Singh said.New Delhi, June 6: Telecom major Bharti Airtel today announced the appointment of Ashok Ganapathy as director Airtel business with effect from July 1. He will take over from Manish Prakash, who is moving into a new role as director strategic alliances.