Shares of Premier Energies have been on a bull run since their market debut on September 3, surging a whopping 181 percent over its IPO price of Rs 450. Extending its ascent for the ninth consecutive session, Premier Energies’ shares surged another 5 percent intraday, hitting a new record high of Rs 1,267.95 on September 9. At 11.47 am, shares of Premier Energies were trading at Rs 1,240.70.

India's Ministry of New and Renewable Energy has issued draft norms for the RESCO model and utility-led demand aggregation model of the new rooftop solar scheme, allowing consumers to access rooftop solar systems without upfront payment, with ownership transferred after a minimum 5-year project period.

Shares of Oriana Power Limited are trading at around Rs 2,187 per share. The company’s current market capitalization stands at Rs 4,195 crore. The stock has delivered a multibagger return of over 540 per cent in just 1 year only. The company doesn’t announce Quarterly Results and as per half-yearly results, in March FY24, Oriana Power Limited recorded a revenue of Rs 319 crore.

On Monday, one of the Top Gainers on BSE, shares of 63 Moons Technologies Ltd jumped 5% upper circuit to Rs 432.20 per share from its previous closing of Rs 411.65 per share. The shares of the company saw a spurt in volume by more than 1.05 times on BSE. In the recent trading sessions, the stock has been hitting back-to-back upper circuits (6th upper circuit).

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Patel Engineering Limited has formed a strategic partnership with RVNL to jointly undertake hydro and other infrastructure projects both domestically and internationally. As of June 30, 2024, the company’s order book stands at Rs 1,79,019 million (Including L1 Orders). Segment-wise order book includes hydroelectric (61.53%), irrigation (21.99%), tunnel (10.54%), road (2.45%) and other (3.49%).

Shares of Vodafone Idea soared after reports said that the Indian telecom giant was in discussions with state-owned lenders Power Finance Corp (PFC) and REC to secure loans for its medium-term funding requirements. Vodafone Idea and its parent company, Aditya Birla Group (ABG), have been in discussions with PFC and REC for the past fortnight, according to a report by The Economic Times.

When John D Rockefeller wanted to punish a rival, he cut prices to force them to operate at a loss. The father of the modern oil industry had a name for it: a “good sweating.” A century later, OPEC+ is giving Big Oil the modern equivalent of Rockefeller’s time-tested tactics. Not everyone will be fit enough for it. For the last two-and-a-half years, Big Oil has enjoyed a bonanza.

The non-life insurance industry recorded its slowest growth of the current fiscal in August, dragged down by a decline in premiums at large state-run general insurers. The GDPW for the industry increased by a paltry 4.22% YoY to Rs 24,554 crore. Non-life insurers comprise public and private general insurance companies, standalone health insurers, and specialised public sector insurers.

Equity stakes worth Rs 254.3 crore in Suzlon Energy were sold through large deals in the morning trade on Tuesday, 10 September, amounting to 0.3 percent of the company’s shareholding. CNBC-TV18 reported that 3.7 crore shares of Suzlon changed hands at an average price of Rs 77 per share. Suzlon’s stock jumped 5% on Tuesday to surpass Rs 78, as Morgan Stanley maintained an 'Overweight' rating.

Tata Power‘s share price was upbeat on Tuesday morning going up close to 2% to hit an intraday high of ₹425.80. What Happened: The stock is in the green today as the Tata Group company commenced the production of solar cells at its 4.3-gigawatt plant in Tirunelveli, Tamil Nadu, marking the launch of operations at India’s largest single-location solar cell and module manufacturing facility.

Information Technology (IT) stocks remain in focus ahead of the all-important US Federal Reserve meeting on September 17-18. Out of the 10-pack Nifty IT index, Coforge, LTIMindtree, Infosys, L&T Technology Services Ltd., Persistent Systems Ltd. and TCS were trading in the range of 1-4%. Motilal Oswal Financial Services expects the IT services sector to be on the cusp of recovery.

If you have an account in the State Bank of India (SBI), your Customer Information File (CIF) number will give you several benefits. This 11-digit number ensures exclusive customer access to bank accounts, preventing fraudulent transactions. It includes information like loans, account details, and KYC data such as address and identification, and banks can quickly access these details.

My Mudra Fincorp IPO allotment: Following the strong response to My Mudra Fincorp’s initial public offering (IPO), investors who participated in the issue eagerly await the finalisation of share allotment, which is expected today (Tuesday, September 10). The ₹33.26 crore SME IPO, entirely a fresh issue of 30.24 lakh shares, opened for subscription on Thursday, September 5.

Tata Electronics has signed a Memorandum of Understanding with Tokyo Electron. The collaboration aims to expedite the development of semiconductor equipment infrastructure for Tata Electronics’ projects in Gujarat and Assam. What Happened: Tata Electronics is joining hands with Tokyo Electron (TEL), a leading semiconductor equipment supplier, as per a PTI report.