jsw energy

With rising power demand and the Centre’s ambitious target of installing 500 GW of non-fossil fuel capacity by 2030, Tata Power has been a significant beneficiary. The necessary expansion of the transmission network to maintain grid stability further supports the company’s growth. Additionally, its dominant market share in the rooftop solar segment positions Tata Power well to capitalise on opportunities presented by the PM Surya Ghar Muft Bijli Yojana announced in Budget 2024.

The Securities and Exchange Board of India has slapped a penalty of ₹15 crore on Arun Panchariya for alleged fraudulent activities related to the issuance of Global Depository Receipts (GDR) by Winsome Yarns Ltd. The latest ruling comes less than six months after appellate tribunal SAT, on an appeal filed by Panchariya, asked the watchdog to relook the matter and also said the ₹25 crore imposed on him cannot be sustained. Dixon Electro Appliances, subsidiary of Dixon Technologies, has entered into an agreement with Nokia Solutions and Networks OY (Nokia) for development and manufacture of telecom products. The board of JSW Energy has approved raising funds up to ₹10,000 crore in one or more tranches, as the power producer looks to snap up clean energy companies put on sale, amid targets to achieve 20 Gigawatt (GW) capacity by 2030. Patel Engineering and its joint venture partner have emerged as the lowest bidders for an irrigation project worth ₹343 crore. The company said its share in the irrigation project stands at ₹119.97 crore. The project, located in Maharashtra, involves construction of…

HDFC Bank has posted a net profit of ₹16,512 crore for Q4, higher by 37.1per cent on year but up less than 1 per cent sequentially. The results for Q4 and FY24 include the impact of the merger of erstwhile HDFC with the bank effective July 2023. Net revenue grew 47.3 per cent on year to ₹47,240 crore and included gains of ₹7,340 crore from the stake sale in subsidiary HDFC Credila Financial. As a result, the bank saw net trading and mark-to-market gains of ₹7,590 crore in Q4 against a loss of ₹40 crore in the year-ago period. Total other income for the quarter was up 108 per cent on year at ₹18,170 crore.