News Overview

The project will be developed by Mahindra Susten, its platform for sustainable energy, in collaboration with the Ontario Teachers' Pension Plan Board, a strategic partner.

It is anticipated that the acquisition will expand the company's presence in Tamil Nadu and Kerala, two southern markets.

At the end of trading, the Sensex dropped by 845.12 points or 1.14% to 73,399.78, while the Nifty declined by 246.90 points or 1.10% to 22,272.50. Of the total stocks traded, 761 advanced, 2,636 declined, and 102 remained unchanged.

The company's board has decided not to declare an interim dividend for fiscal year 2023-24.

Potential markets for expansion include Maharashtra and Uttar Pradesh, with a capital allocation of around ₹1,000 Crore.

In January 2024, Reliance Power signed an agreement to sell its 1,200 MW Kalai II hydroelectric project in Arunachal Pradesh to THDC India for ₹128.39 Crore.

The app, housed under the subsidiary Aditya Birla Capital Digital (ABCD), is currently undergoing trials and is expected to be launched on April 16.

The purpose of the share acquisition was to increase the percentage of renewable energy used by the Wipro offices in Karnataka.

This occurs roughly ten months after Byju's appointed Mohan, the former CEO of UpGrad, to lead its worldwide operations, marking a major turning point in the edtech sector at the highest level.

Adani reported a net profit of ₹1,888 Crore for the third quarter of FY24, up 130% YoY from the previous fiscal year.