Mahindra CIE Automotive shares ended the day 8.32 per cent down at Rs 176.90 after the company on Monday reported 62.24 per cent fall in its net profit figures to Rs 4.97 crore for the quarter ended December 2015.
In what could jeopardise the state-run thermal power producer Damodar Valley Corporation's (DVC) debt reduction strategy, NTPC is likely to shelve a plan to take over DVC's 2,520 MW Raghunathpur plant...
The NTPC Limited is presently operating a coal-based 2,600 MW (stage-I, II & III) thermal power station at Ramagundam in Telangana's Karimnagar district and is in the process of expanding it by addition of 2x800 MW.
With foreign investors looking for higher yields on ‘masala bonds’ than Indian issuers such as HDFC and NTPC are willing to pay, the latter are hoping the government might make the product more attractive.
At a time when Indian companies are finding it difficult to maintain healthy profitability, a significant swing in the value of Indian rupee could be an additional headwind for several Indian corporates.