UPS Financial News

NEW DELHI : Oil and Natural Gas Corporation has entered the fray to acquire a significant majority stake in Ayana Renewable Power Pvt. Ltd, as India’s largest crude and natural gas producer seeks to bulk up its clean energy portfolio. The state-run ONGC has submitted a non-binding offer for Ayana, which is looking to sell even up to a 100% stake at an equity valuation of about $800 million, said two people aware of the development.

F&O ban list: Twelve stocks have been banned for trade on Thursday, May 16, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, these stocks will be available for trading in the cash market.

Top Events of the Day: Prime Minister Narendra Modi is set to address key rallies in Uttar Pradesh, while IBM announces a significant job expansion in Ireland, adding 800 AI-related positions. Meanwhile, Vedanta considers raising funds through equity shares, and NEET PG 2024's correction window closes today. France declares a state of emergency in New Caledonia amid violent protests.

₹321.6 crore in the December quarter, against a net loss of ₹401.3 crore a year earlier. With its ambitious expansion plans across the green energy ecosystem, ReNew has been looking at options to raise funds both through asset sale and debt financing. In February, Mint reported that ReNew Energy Global Plc is in talks with Singapore’s Sembcorp Industries Ltd to sell solar energy projects totalling 350 megawatts (MW), with the deal estimated to be valued at around $241 million at the enterprise level and around $121 million in terms of equity.

₹22 lakh, most of which will be financed through a loan. Canada had upped the GIC from CAD $10,000 ( ₹6 lakh) to CAD $20,635 ( ₹12 lakh) effective from 2024. A GIC is similar to a secure investment and acts as a proof that the student has the means to live and pay for expenses in Canada.

fossil fuels in 2020. For weeks, students at campuses across the country have been protesting and setting up encampments at their universities to call on them to be more transparent about their investments and to divest from companies that financially support Israel.

Two Russian teenagers have been arrested in a crackdown on a suspected crypto-powered “money laundering” ring, a police source claimed on May 14.

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Stocks ended higher on Wall Street, sending the Nasdaq composite to another record

Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York

The Cannes Film Festival is hallowed ground in cinema but understanding its unique landscape can be confounding

The stars have aligned for the WNBA with Caitlin Clark and Angel Reese joining the ranks of A’ja Wilson, Breanna Stewart, Diana Taurasi and others

The son-in-law of a prominent Venezuelan opposition leader has pleaded guilty to money laundering charges for his role in a vast bribery conspiracy to siphon over a billion dollars from the state-owned oil company

Slovakia’s government approved a plan to build another nuclear reactor in a country that relies heavily on nuclear electricity generation

Used Teslas aren’t as expensive as you might think, especially with the company’s recent price cuts on its new models

Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome

Stocks that traded heavily or had substantial price changes on Wednesday: Petco, Nextracker rise; Dlocal, AMC Entertainment fall

Indonesian authorities have seeded clouds in a bid to prevent further rainfall after flash floods that hit the country's Sumatra Island over the weekend left at least 59 people dead

Yemeni authorities have deployed security forces and armored vehicles across the port city of Aden, in preparation for the latest in a series of protests over hours-long electricity outages caused by a shortage of fuel for power stations

Lok Sabha constituency in north Kashmir, which is going to polls in the fifth phase of elections on May 20, will decide the fate of 23 candidates. However, the main contest is between Sajad Lone of People's Conference and Omar Abdullah of National Conference. The contest has become interesting with the entry of Awami Ittehad Party (AIP) of Sheikh Abdul Rashid, alias Engineer Rashid. The two-time legislator is contesting from Tihar jail. AIP's campaign rallies are receiving huge response across north Kashmir. It appears that People's Democratic Party candidate Fayaz Mir, who is a former Rajya Sabha member, may have already lost the third spot in the contest. BJP has not fielded any candidate in the three Lok Sabha seats of Kashmir, but is actively canvassing for some parties without directly naming them. J&K Apni Party, led by Altaf Bukhari, has also not fielded any candidate here and is supporting Lone, while Abdullah is the official candidate of the INDIA bloc.

Erling Haaland’s double put Manchester City within touching distance of an unprecedented fourth successive Premier League title as it beat Tottenham Hotspur 2-0 away on Tuesday. The Norwegian tapped home his side’s opener early in the second half and settled City’s nerves in stoppage time when he blasted home a penalty for his 27th league goal of the season. City had failed to earn a point or score a goal in its first four league visits to Tottenham’s new stadium but ended that jinx in timely fashion to the joy of its supporters.