Captive power producers, who command about 40,000 MW of generation, have urged the government to immediately address the problem of coal shortages at their plants that is not only forcing units to shut operations but also impacting the operations of their metal, mining and cement plants.
Companies and Markets
Companies & Markets
The stock market swung widely between negative and positive terrains before ending the day’s trade with a gain of nearly 200 points, possibly sensing a clear victory for BJP in Gujarat.
The benchmark index BSE Sensex opened in the green, jumping 117 points. Wider benchmark NSE Nifty went above 10,200-mark. Analysts attributed the early gains to optimistic buying ahead of exit poll. All sectoral indices, including realty, consumer durables, oil and gas and metal stocks, traded positive.
With huge inflows from retail and high networth individuals into equity funds, domestic asset mangers are emerging as a dominant force in the market and acting as a strong counterforce to the vagaries of overseas funds.
Walt Disney Co. agreed to a $52.4 billion deal to acquire much of the global empire that media baron Rupert Murdoch assembled over three decades, from a fabled Hollywood studio to Europe’s largest satellite-TV provider to one of India’s most-watched channels.
Walt Disney Co today agreed to buy key film and television operations of 21st Century Fox in a USD 52.4 billion stock deal that could reshape the media- entertainment world and step up a challenge to Netflix and emerging tech platforms.
The blockbuster transaction also vastly reduces the Fox media empire built by Rupert Murdoch, leaving the 86-year-old tycoon and his two sons with a more tightly focused group comprised of the Fox broadcast network, Fox News Channel and sports channels.
The Supreme Court today allowed the appointment of presiding arbitrator/chairman in the second arbitration initiated by Vodafone against India in connection with a tax demand of Rs 11,000 crore through a retrospective law of 2012.
A bench of Justices A K Sikri and Ashok Bhushan, however, said the second tribunal will not start proceedings in the matter till the Delhi High Court decides it by January 10.
Walt Disney Co. Today said it had reached a deal to buy 21st Century Fox for USD 52.4 billion in stock, solidifying its position as a producer of entertainment content as it faces new rivals from Silicon Valley.
The deal will see Disney acquire film and television studios, cable entertainment networks and international TV businesses, bringing popular entertainment properties including X-Men, Avatar, The Simpsons, FX Networks and National Geographic into Disney's portfolio.
The focus on protection plans and building a full-time premier agency network have helped Tata AIA Life Insurance move up the private life insurer rankings by nine positions in the past two years.
According to the insurer, the company wants to work on filling the huge gap in the protection space in the Indian insurance market.
The market witnessed a highly volatile session of trade, with benchmark indices ending in the negative territory. The Sensex was down 174.95 points, or 0.53 per cent, to settle at 33,053.04, while the Nifty 50 lost 47.20 points, or 0.46 per cent to close at 10,192.95. Among the sectors, realty and metal stocks were in the red and blue-chip shares like L&T, Infosys and State Bank dragged the index down.
Outlook for today
The best stock market performance in 2017 has come from small-cap and mid-cap stocks and the rally in these scrips is likely to continue in 2018.
The top 25 small-cap stocks from the BSE small-cap index list have given year-to-date (YTD) return in the range of 225 per cent to 1,100 per cent in 2017, according to a study of Capitaline data. The significance of such high returns is only compounded when compared to 25 per cent return recorded by benchmark indices BSE Sensex and NSE Nifty 50 during the same period.