stock brokers, BSE, NSE, Sensex, Nifty

CLOSING BELL: Infosys, TCS  and HCL Technologies, down 1.3 - 2.4 per cent, collectively accounted for a loss of 156 points on the BSE Sensex.

Anjali Rattan, business chairperson, RattanIndia Enterprises

Its unit, Neobrands, will be scaled up as a house of brands

Revolt Motors

RattanIndia Enterprises Ltd on Saturday said it has completed the acquisition of Revolt Motors which is into manufacturing of electric vehicles.
Now Revolt Motors has become a 100 per cent subsidiary of RattanIndia Enterprises Ltd, the company said in a statement.
"RattanIndia Enterprises Limited has completed acquisition of 100 per cent shareholding in the electric motorcycles market leader Revolt Motors," the statement said.
Revolt Motors is the highest selling electric bike in the country with its manufacturing facility in Manesar, Haryana. The EV maker has expanded its footprint pan-India with 30 dealerships spread across the country.
Its flagship model RV400 has been witnessing a robust demand and is by far the most technologically advanced bike in the world, and RattanIndia Enterprises seeks to significantly scale up Revolt's growth and make it the largest EV two wheeler company in the country, RattanIndia Enterprises said.
Anjali Rattan, Business Chairperson, RattanIndia ..

RattanIndia Enterprises said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternative vehicles

Drone

RattanIndia Enterprises has forayed into the drone business in the country through its wholly-owned subsidiary NeoSky and expects the commercial rollout of products in the first quarter of 2023

Aditya Birla group's ARC set to make a formal bid for RattanIndia Power

RattanIndia Power Ltd (RPL) consolidated net loss widened to Rs 386.69 crore in the December quarter, compared to the same period a year ago, due non-operation of Nashik thermal power plant.
The company had reported a consolidated net loss of Rs 69.09 crore in the quarter ended on December 31, 2020, the company said in a regulatory filing.
The widening of the consolidated loss in the December quarter was "due to non-operation of Nashik Thermal Power Plant (Sinnar Thermal Power Ltd). That exposure has no bearing on parent RattanIndia Power Ltd," a company spokesperson said.
The consolidated results of RPL also includes the financials of Sinnar Thermal Power Limited (STPL), which is a subsidiary of RattanIndia Power Ltd and is a separate SPV holding Sinnar Thermal Power Plant, the spokesperson said.
All units of Sinnar Thermal Power Plant at Nashik are commissioned, but not operational at present.
STPL's debt exposure is ring fenced and has no bearing on the parent RattanIndia Power

discoms

The company on Wednesday reported widening of consolidated net loss

Traders, brokers, markets, stocks, shares, investments, funds

GMR Infrastructure board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13

stock market, funds, profit, growth

RattanIndia Enterprises announced that Domino's has joined hands with the company's Revolt Motors, to transform its current petrol bike fleet to electric bikes

borrowing, money, debt, loan

RattanIndia Power Ltd on Monday said it has repaid Rs 1,219 crore debt in the last 15 months, including Rs 200 crore prepayment, despite the challenges posed by the Covid-19

Nifty

As part of the deal, RattanIndia Enterprises will have 50 per cent board presence in Revolt Intellicorp and Rajiv Rattan will be chairman of the board of Revolt

power, grid, discoms, electricity

The firm reported a consolidated net loss of Rs 66.09 crore in the December quarter

chart

The former IndiaBulls power firm to focus on thermal power

With this, RattanIndia now has only two power plants--Amaravati thermal plant for which it did debt recast last December, and Nashik thermal plant, a stressed asset

Rattan India

Shelves Phase-II of Amravati Power Project due to lack of PPA in market

A sign is displayed in the reception of Goldman Sachs in Sydney (Photo: Reuters)

This also includes 15 per cent equity each in the project. The new lenders have used the Aditya Birla Asset Reconstruction Company platform for the deal

Illustration by Binay Saha

PFC has also moved insolvency plea against another firm Rattan India Nashik Power

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

Analysts at Jefferies, believe that the time is ripe to buy Eicher Motors given alleviating competitive concerns, along with tailwinds of 2W demand recovery, industry premiumization and exports.

Eicher Motors, motorcycle ,Royal Enfield, Royal Enfield bikes,

The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources

Byju's

Meanwhile, companies like HP and Acer, which do not sell mobile phones in India, are likely to miss out

Apple iPhone

The Five Eyes is an intelligence alliance comprising Australia, Canada, New Zealand, the US and the UK

Hardeep Singh Nijjar, Hardeep Nijjar

Right-arm seamer Vastrakar had career-best figures of 4/17 in four overs as Bangladesh were bowled out for 51 in 17.5 overs -- their lowest-ever T20 score against the neighbours.

Smriti Mandhana

According to officials, the passengers on board included 24 girl students from Swami Vivekananda Government Model School in Detani and four others, including the school principal and three teachers

accident

This endeavour marks a step in expanding connectivity in the northeastern region of India and bolstering the local economy, the Ministry of Civil Aviation said in a statement earlier

Jyotiraditya Scindia

As Vietnam is largely becoming an emerging tourism destination for Indian travellers, Vietjet, the country's largest private carrier, is getting ready to tap this growing interest by expanding its service to India connecting more cities.
A new route connecting Tiruchirappalli (Tamil Nadu) and Ho Chi Minh City is expected to be launched this November, airline authorities said here.
Direct flight services from Kerala's Kochi to Ho Chi Minh City had already been launched by the private carrier from Cochin International Airport in August.
A senior airline official said here that Vietjet currently has 32 return flights servicing India each week.
"From November, Vietjet is expected to launch a new route connecting Tiruchirappalli and Ho Chi Minh City and we have plans to have an initial frequency of three return flights per week, in order to meet rising demand from travellers in both countries," the official, who doesn't want to be named, said.
Vietjet would like to eventually expand it

VietJet

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

Karnalyte Resources Inc. abruptly canceled plans to meet with its Indian board members as the governments of Canada and India traded barbs over the killing of a Sikh leader on Canadian soil

India, India flag

The company, part of the conglomerate backed by billionaire Gautam Adani, said it would fund the purchase from its cash reserves, according to a statement on Wednesday

Adani Ports

ReshaMandi has built a technology-driven bidding process to ensure that farmers receive the best prices for their yields, given the short shelf life of silk cocoons

ReshaMandi IoT device

A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
Judge Arthur Engoron, ruling in a civil lawsuit brought by New York Attorney General Letitia James on Tuesday, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans.
Engoron ordered that some of Trump's business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York, and said he would continue to have an independent monitor oversee Trump Organization operations.
Trump's lawyer, Christopher Kise, said they intend to appeal the decision, calling it a miscarriage of justice and completely disconnected from the facts and governing law.
The decision seeks to nationalize one of the most successful corporate empires in the United States and sei

Donald Trump

Underscoring the transformative momentum in the India-US relationship, officials of the two nations held discussions on opportunities to further strengthen interoperability and logistics cooperation.
During the India-US 2+2 Intersessional Dialogue held here on Tuesday, the officials also discussed combined maritime engagements in the Indian Ocean Region, as well as expanded cooperation in the space and cyber domains, the Pentagon said.
The Indian delegation was led by Additional Secretary Vani Rao of the Ministry of External Affairs and Joint Secretary Vishwesh Negi of the Ministry of Defence, it said.
The American side was led by Assistant Secretary of Defense for Indo-Pacific Security Affairs Dr. Ely Ratner and Assistant Secretary of State for South and Central Asian Affairs Donald Lu.
"The officials also discussed regional security developments and strategic priorities across the Indo-Pacific region," a statement said.
The 2+2 Intersessional Dialogue advanced a wide range of ..

Rattan India

IT drags benchmarks lower for 3rd day; Sensex dips 159pts, Nifty near 17600

Amazon top seller RattanIndia Enterprises to launch private labels

RattanIndia Enterprises acquires 100% shareholding in EV maker Revolt Motor

RattanIndia to buy 100% stake in electric motorcycle maker Revolt Motors

RattanIndia earmarks Rs 100 cr for drone biz foray through NeoSky India

RattanIndia Power consolidated net loss widens to Rs 386.69 cr in Dec qtr

RattanIndia Power loss widens to Rs 464 crore in September quarter

Stocks to watch: Zomato, Voda Idea, Power Grid, RattanIndia Entp, GMR Infra

Up 1,258% in 4 months! This electric utility stock sheds its 'penny' status

RattanIndia Power repays Rs 1,219 cr debt in last 15 months despite Covid

RattanIndia Enterprises hits 5% upper circuit as firm forays into EV space

RattanIndia Power reports Rs 66 crore loss in December quarter

Bucking the trend: Rattan India's solar power plans in sunset mode

RattanIndia sells entire solar portfolio of 306 Mw to GIP for Rs 1,670 cr

Rattan India Power turns green in Q3 after project debt resolution

Rattan India Amravati finds saviour in Goldman Sachs, Varde Partners

Power Finance Corp moves NCLT against Rattan India to recover unpaid loans