Fri, Nov 15, 2024 9:06 AM
MFs buy big amid market correction in October, target top Nifty stocks
A Flip by Avya Verma
A joint venture between NTPC Green Energy and ONGC Green Energy is the highest bidder for Ayana Renewable Power having bid about $650 million, two people involved in the deal told Reuters. The venture outbid JSW Energy for the renewable energy firm backed by quasi-sovereign wealth fund National Investment and Infrastructure Fund, the people said.
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In a relief to buyers who were waiting for possession of their dream home units for over four years, the Haryana Real Estate Regulatory Authority (H-Rera) passed an order directing Pareena Infrastructures Private Limited to hand over the units to them within 30 days from the date of the order pronounced on Nov 8.
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Corporate India reported double-digit growth in net profit for the three months to September, excluding oil and gas companies, the performance of which was hit by lower refining margins and LPG underrecoveries. It was the seventh consecutive quarter of double-digit profit growth though the rate of expansion has been decelerating since the March quarter.
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