Saturday, September 05
TotalEnergies is preparing to sell up to 6% stake in Adani Green Energy (AGEL), according to people familiar with the development.The French energy major currently holds almost 19% in Adani Group’s renewable energy arm through two subsidiaries — 15.58% via TotalEnergies Renewables Indian Ocean Ltd and 3.41% through TotalEnergies Solar Wind Indian Ocean Ltd.“TotalEnergies had bought its stake in AGEL in 2021 for around $2.5 billion, and it is now valued at nearly $8 billion. They now intend to take some profit off the table,” said an industry executive aware of developments.The person added that the stake may be offered to Adani Green Energy, which may evaluate the proposal. 125524188 Emails sent to Adani Green and Total did not get a response.At Adani Green’s current market cap
NBCC India shares rallied nearly 5% to the more than Rs 110 crore on November 21.NBCC announced that it has secured new work orders amounting to Rs 71.86 crore as part of its regular business operations. The first project involves providing Project Management Consultancy (PMC) services for the construction of a new campus for the Composite Regional Centre (CRC) at Pudhupatti in Madurai, Tamil Nadu. This assignment has been awarded by the National Institute for Empowerment of Persons with Multiple Disabilities (NIEPMD) and is valued at Rs 29.49 crore.The company also received another order for the planning, designing, and execution of the International Potato Centre (CIP) in Agra, along with additional miscellaneous works for the National Horticulture Board. This project carries a value of
Shares of Billionbrains Garage Ventures, the parent of Groww, surged as much as 3.4% to touch Rs 163.38 in early trade on Monday, November 24, extending their recovery for the second straight session. The rebound follows a sharp 17% drop over two days amid heavy profit booking, coming right after the stock’s explosive post-debut rally, where it had jumped 94% over its issue price of Rs 100.Despite the short-term volatility, experts say the long-term demand is supported by Groww’s dominant platform, low customer acquisition costs and proven scalability. Those strengths are visible in the numbers. Groww’s high margins help explain the premium. It has a net profit margin of nearly 47% compared with Angel One’s 22.3% and a return on net worth of 37.57% compared with Angel One’s 20.85
President Donald Trump said he has accepted an invitation from Chinese leader Xi Jinping to visit Beijing in April and that he reciprocated by inviting Xi for a state visit to the U.S. later next year. Trump made the announcement a few hours after he spoke with Xi on the phone on Monday morning, in which he said the two men discussed issues including Ukraine, fentanyl, and soybeans. The phone call came nearly one month after the two men met in person in the South Korean city of Busan. "Our relationship with China is extremely strong!" Trump said. Beijing, which announced the phone call first, said nothing about the state visits but said that the two leaders discussed trade, Taiwan and Ukraine. Xi told Trump in the phone call Monday that Taiwan's return to mainland China is "an integral pa
