The Supreme Court has rejected an appeal by Jindal Steel & Power Ltd (JSPL) to halt the development of the Chhendipada coal mine in Odisha. JSPL had claimed that technical glitches on the MSTC portal during the e-auction process prevented them from submitting a higher bid for the mine. However, the court upheld the Delhi High Court's decision and stated that there were no glitches, as multiple bids were received during the same period. Rungta Sons, a subsidiary of Rungta Mines, was granted the coal block.

The Supreme Court has dismissed Jindal Steel & Power Ltd's appeal to stop the development of the Chhendipada coal mine in Odisha. Rungta Sons, the highest bidder in an e-auction of commercial coal mines, was granted the coal block. JSPL claimed that technical glitches on the MSTC portal prevented them from submitting a higher bid. However, the court upheld the Delhi High Court's decision and rejected JSPL's petition.

The share touched a 52-week high of Rs 329.90 on September 23, 2022 and a 52-week low of Rs 197.50 on March 16, 2023

Nifty formed a high wave type candle on Wednesday and made a higher high compared to the previous session. It could now stay in the 19320-19483 band for the near term and a breach on the upside could take the Nifty to 19558

Funds are adopting innovative strategies to meet investor demands for higher returns, especially in credit funds, where investments are structured in a way to allow for risk to be time-tranched, with investors selecting credit opportunities based on their individual risk appetites.

India Pesticides attributed the weak quarter to multiple headwinds such as unfavourable macroeconomic scenarios, subdued volumes, high-cost inventories and steep price drops due to an oversupply of raw material from China.

Operating margin contracted to 18.5 percent in the June quarter from 26 percent a year ago.

Operating margin contracted to 18.5 percent in the June quarter from 26 percent a year ago.

An MoU on technical arrangements for Civil Aviation Security (AVSEC) was also signed between the two countries. Meanwhile, PM Modi and French President Emmanuel Macron during their meeting on Friday agreed that the relationship between India and France has been resilient in the darkest storms and bold and ambitious in riding the high tides of opportunities.

The NSE Nifty index was trading 45.65 points up at 19459.4

Indian billionaire Gautam Adani and Anil Ambani's firm, Reliance Power, are considering bidding for coal-fired power plants being auctioned by the Indian bankruptcy court. If Adani wins the auction, it will add to the conglomerate's growing portfolio of coal power projects, which is seen as a way of recovering from a recent short-seller attack. Reliance Power's consideration of bidding for the asset is to win back control of the firm.

The NSE Nifty index closed 165.5 points down at 19331.8

The NSE Nifty index closed 133.5 points up at 19322.55

The NSE Nifty index was trading 111.0 points up at 19300.05

The NSE Nifty index closed 154.7 points up at 18972.1

The NSE Nifty index closed 126.2 points up at 18817.4

The Nifty Realty index was trading 1.25 per cent up at 514.9.

The Nifty IT index was trading 0.22 per cent up at 28653.15.

The NSE Nifty index closed 25.7 points up at 18691.2

RattanIndia Powers shares jumped 19% on Monday as the company announced that it has refinanced its senior debt with a Rs 1,114 crore loan led by Kotak Mahindra Bank. The power generation company has fully repaid the balance of senior debt to Goldman Sachs and Varde Partners. The trading of the company's shares involved large volumes as over 15.13 crore shares traded on the NSE with an intraday high of Rs 5.60. The company has private power generation capacity of 2,700 MW installed power plants.

The NSE Nifty index closed 105.75 points down at 18665.5

Kotak Strategic Situations India Fund II and Kotak Private Credit Fund have jointly invested INR 732 crore ($107m) in non-convertible debentures (NCDs) issued by RattanIndia Power (RIPL). The financing will aid the company in repaying existing debt. Kotak Strategic Situations India Fund II invested INR 582 crore and Kotak Private Credit Fund invested INR 150 crore. According to Srini Sriniwasan, MD at Kotak Investment Advisors, “the financing provided by our credit funds to RattanIndia underscores our ability to move with agility and provide timely structured financing.