News Overview

Worldwide, the use of battery energy storage is growing in order to integrate renewable energy sources and control grid volatility.

Covering an astounding 538 sq km of desolate land—five times the area of Paris—is the world's largest renewable energy plant, with a capacity of 30 GW.

The Sensex, which commenced the day at 74,175.93 and plunged to a low of 73,433.91, managed to recover slightly to settle at 73,502.64, registering a decrease of 616.75 points, or 0.83%. Similarly, the Nifty 50, opening at 22,517.50, experienced a dip to 22,307.25 intraday. Ultimately, it concluded the session at 22,332.65, marking a decline of 160.90 points, or 0.72%.

The projects are estimated to have a total cost of ₹410 Crore and ₹888 Crore, respectively.

The stock has witnessed a remarkable year-to-date increase of over 30%, outperforming the benchmark Sensex, which rose by 0.9% during the same period.

The proportion of investment in underlying funds/ETFs will be determined based on the discretion of the fund manager of the Scheme considering prevailing market conditions, and the macroeconomic environment.

The Election Commission is directed to publish the shared information by SBI by 5 PM on March 15. The bank's chairman must file an affidavit post-disclosure, with a warning of contempt if the order is not adhered to.

Foreign institutional investors (FIIs) made a net purchase of shares amounting to ₹7,304.11 Crore, while domestic institutional investors (DIIs) bought ₹2,601.81 Crore worth of stocks on March 7, according to provisional data from the NSE.

Additionally, HG Infra Engineering won a project for an Access Controlled Highway in Andhra Pradesh, covering a 4-lane section with paved shoulders from TN/AP Border to Puttur and a 6-lane section from Mallavaram to Renigunta, with a project cost of ₹862.11 Crore and a construction period of 24 months.

The IPO is entirely an Offer for Sale (OFS) of equity shares by promoters and existing shareholders, including Bipinbhai Vithalbhai Hadvani, Gopal Agriproducts Private Ltd, and Harsh Sureshkumar Shah.