power finance corp

Iran's Revolutionary Guard has issued a chilling video threat to bomb the massive Stargate AI data center in Abu Dhabi, a $30 billion project backed by US tech giants like Nvidia and OpenAI. This move signals a potential shift towards targeting high-value Western tech assets in the Gulf amidst escalating regional tensions, highlighting the growing vulnerability of digital infrastructure.

The government has announced a reduction in excise duty on petrol and diesel. While excise duty on petrol has been cut, the levy on diesel has been removed altogether with an aim to cushion consumers from the surge in global crude oil prices.

Mumbai, Jul 14 () Shares of power finance corp today rose by nearly 5 per cent after the company said its board has approved issuing one bonus share for every equity share held by shareholders. The stock gained 4.66 per cent to settle at Rs 209.95 on BSE. During the day, it surged 6.

The government's disinvestment proceeds from all its asset sales till date are set to cross the Rs one lakh crore milestone with its share sale in power finance corp scheduled to hit the market later this week.

Analysts are bullish on Fractal Analytics and Tata Power, citing strong growth prospects and positive developments. UBS maintains a buy on ITC, expecting it to beat expectations despite pricing strategy impacts. However, Nuvama and Kotak Institutional Equities express caution on Coal India and Power Grid Corp, respectively, due to potential headwinds and saturated valuations.

Jack Dorsey's Block is undergoing a radical restructuring, laying off 40% of its workforce and aiming to embed AI deeply into its operations to become a "mini-AGI." The company plans to eliminate traditional middle management, replacing it with individual contributors, directly responsible individuals, and player-coaches, all coordinated by a continuously updated AI model of the business.

General Insurance Corp of India, or GIC Re, the lone Indian reinsurer, is deliberating an initial public offering to raise funds amid strained resources and help the government meet its divestment target, the company's chairman said.

State-run lenders for infrastructure projects plan to raise 23,000 crore next week by selling tax-free bonds. The amount is three times what companies, including Bharti Infratel, raised through sale of shares this fiscal.

HDFC Bank faces headwinds with its chairman's exit, impacting investor sentiment amid macro uncertainties. Tata Motors CV is poised for growth in an upcycle, while GMR Airport sees stable domestic traffic despite geopolitical issues. L&T Finance is leveraging AI for significant gains, and Power Grid Corp is upgraded due to increased commissioning pace and new opportunities.

New Delhi, Jul 14 () power finance corp today said its board has approved issuing one bonus share for every equity share held by shareholders and increasing authorised share capital of the firm to Rs 10,000 crore from Rs 2,000 crore.

New Delhi, Jun 15 () State-run power finance corp (PFC) is likely to launch its maiden 54 EC capital gain bonds issue early next month and is expecting to raise up to Rs 18,000 crore through issuance of the securities.

The January-February-March period (popularly the JFM months) is set a witness a series of offers from infrastructure companies, rushing in to get the most out of the Rs 50,000-crore fund raising opportunity they have this fiscal.

Retail investors, qualified institutional buyers, corporates and high networth individuals can subscribe to the bonds, the CBDT said in a circular.

The much-awaited disinvestment exchange traded funds (ETF) is finally taking shape with the Department of Disinvestment shortlisting i-banks ICICI Securities and Citibank as advisors to the issue.

New Delhi, Aug 5 () NTPC Ltd has taken a hit of Rs 1,911.16 crore on account of delays in implementing renovation and modernisation of its power plants, government auditor CAG said today.

The power ministry is believed to have shelved the plan to set up a Rs 20,000-crore ultra mega power project at Sarguja in Chhattisgarh as the coal blocks for the proposed project fall under dense forest area and could rake up the environment issue.

Of the total borrowings during the month, $2.27 billion was raised through the automatic route of the ECBs. The remaining $150 million was taken through the approval route, as per the Reserve Bank data on ECB for January 2019.

New Delhi, Mar 31 () Welspun Corp, the flagship firm of the Welspun Group, Sunday said it will sell its assets worth Rs 940 crore to two companies -- Laptev Finance and Welspun Captive Power Generation.

Anil Ambani Group firm Reliance Power on Thursday said it has tied up finances for its Rs 17,500 crore ultra mega power project at Krishnapatnam in Andhra Pradesh.

India would do well to separate US the nation, from its misrepresentative Donald Trump

State-run non-banking financial firms -- power finance corporation (PFC) and REC Ltd -- have reduced their lending rates across all types of loans by 40 basis points. PFC and REC Ltd have further reduced their lending rates across all types of loans by 40 Bps, a power ministry statement said.

New Delhi, June 2 () In the wake of loan default worth Rs 700 crore, power finance corp today said it has acquired over 23 per cent stake in Shree Maheshwar Hydel Power Corp by invoking pledged shares and partially converting debt into equity.

The US has launched the "Tech Corps" initiative, a program under the Peace Corps framework to promote American AI technologies abroad. This initiative aims to deploy volunteer technical talent to partner nations, offering "last-mile" support for implementing advanced AI applications to enhance public services and address grassroots problems.

Betting big on growing renewable energy investments in India, the US Exim Bank has approved a $80 million (over Rs 400 crore) direct loan for Anil Ambani’s Reliance Power to fund acquisition of solar power technology from American companies.

National Commodity and Derivatives Exchange will form a company within the next 3-4 weeks along with six other firms including NTPC, NHPC and PFC, for its proposed power exchange.

power finance corp has signed an MoA with Damodar Valley Corp for funding its 1,000 mw Kodarma thermal power station, a project located near Benjhidih village in Jharkhand.