Mumbai: Surrendering most of its early gains, the BSE benchmark Sensex on Monday closed just 12 points higher as rupee hitting record lows dashed hopes of a rate cut by RBI, while IT stocks rose on expectations of better dollar revenues.
In a volatile trade, the 30-share index, commenced the day strong and touched an intra-day high of at 19,583.58 from its previous close, but settled only 11.84 points higher at 19,441.07.
However, the wide-based National Stock Exchange index Nifty failed to notch up any substantial ground and closed lower by thee points, or 0.03 per cent, at 5,878. MCX-SX flagship index, SX40, ended 3.99 points higher, or 0.03 per cent, at 11,532.69.
Brokers said cautious investors indulged in shuffling their funds following fresh development on the political front while falling rupee raised hopes of higher revenue by software exporting companies. They said financial and banking stocks remained under pressure on fears the weak rupee raised fears that the Reserve Bank might put its interest cutting spree on hold. ...
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09:29 AM, Jun 10, 2013
Reacting to Arvind Kejriwal's allegations that private power companies were fudging records to ask the DERC to increase power tariffs, Tata Power Delhi CEO Praveer Sinha said that there was a need to look at the situation in proper perspective. He said that his company's tariffs in the national capital were lower than the neighbouring states. ...
08:48 PM, Feb 01, 2013
Country's biggest private sector electricity producer Tata Power has accused entities with vested interests, along with some foreign NGOs, of spreading "falsehood" about environmental issues at its flagship 4,000 MW Mundra project in Gujarat. "...there are some foreign agencies, some such type of NGOs, who in connivance with some elements have started to arm-twist us," Tata Power Managing Director Anil Sardana said. ...
01:02 AM, Jan 13, 2013
Shares of JSW Steel, Hindalco and Tata Power on Tuesday tanked on the BSE following the government move to deallocate one more coal mine, and deduct bank guarantees in the case of two companies. The government on Monday decided to deallocate the Gourangdih ABC coal block, given jointly to JSW Steel and Himachal EMTA in 2009, and deduct bank guarantee of mine given to Hindalco, Tata Power. Shares of JSW...
01:58 PM, Sep 18, 2012
New Delhi: Government auditor CAG on Friday said private firms are likely to gain Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding, which amounted to the loss to national exchequer. The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks...
02:23 PM, Aug 17, 2012
New Delhi: In a move towards allowing large scale private sector participation in the Defence sector, leading power utility Tata Power Company has been awarded the contract to modernise the Airfield Infrastructure of the Indian Air Force (IAF) for an undisclosed amount. In a statement on Monday, Tata Power said it has got the order to modernise the Airfield Infrastructure of Indian Air Force from the Ministry of Defence. "The...
01:33 PM, Apr 11, 2011
Mumbai: The fire department will soon slap a notice on Tata Group for allegedly flouting safety norms at Bombay House, the headquarters of the Group, where three persons were killed in a blaze early this month. "We will soon issue them (Tata Group) a notice for violation of fire safety norms at the building. Defective short circuit system and blocking of ventilation space in the basement was the cause of...
11:13 PM, Feb 21, 2011
The Maharashtra government has extended the deadline for Tata Power to procure power avoiding power blackouts. ...
08:24 AM, Apr 05, 2007
