Adani Power Q1 Results: Profit jumps 42% YoY

Adani Power Q1 Results: Profit jumps 42% YoY to Rs 4,806 cr; co approves Rs 15,000 cr fundraise

Adani Power Q1 Results: ​​The company's board has approved a fundraising of Rs 15,000 crore through the issue of equity shares via QIP or other means.

How MTech alumnus’ gift turned into Rs 112 crore IPO jackpot for IIT Madras

A share gift from Indo-MIM founder and IIT Madras alumnus Krishna Chivukula is set to generate a Rs 112 crore windfall for the institute through the company's IPO. IIT Madras will sell half its gifted stake via the OFS while retaining the remaining shares, preserving upside after the listing.

Rupee languishes at two-month lows as supply worries raise oil prices

The Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an effort to contain the rupee's decline, state-run banks stepped in to sell off dollars. Increased energy prices are forecasted to exacerbate inflationary pressures

Mauritius tax protocol to give Indian taxman more powers to probe offshore entities

Mauritius cabinet ratified a tax protocol granting Indian officials more questioning powers. This allows direct challenges to offshore entities suspected of tax evasion. The principal purpose test will deny treaty benefits if tax avoidance is a primary aim. This change follows the Tiger Global ve

FAR bonds lose their pull as tailwinds fade

Foreign inflows into Indian government securities have begun to slow down. This moderation follows a strong surge in June driven by index inclusion expectations. Narrowing yield spreads between India and the US are now a key factor. Concerns over rupee weakness and delayed index decisions also contr