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Cong accuses govt of 'favouritism' in small arms deal with Adani Group

The Congress on Thursday accused the government of indulging in "blatant favouristism" and giving the Adani group "undue advantage" in major small arms contracts for the armed forces. Posing a set of three questions to Prime Minister Narendra Modi as part of the party's "Hum Adani ke Hain Kaun" series, Congress general secretary Jairam Ramesh said the party had asked the PM a series of questions on February 15 regarding the "handing over" of large chunks of the India-Israel defence partnership to his "close friend" Gautam Adani. The Congress' slew of allegations have continued weeks after Adani Group stocks had taken a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation. The Gautam Adani-led group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. "While he (PM) gives his gyan to G20 Foreign Ministers, he cannot run away from

Power stocks surge as govt orders coal-based plants to run at full capacity

The government has invoked emergency powers under Section 11 of the Electricity Act to impose the rule as it expects record surge in power demand this summer

Power ministry earmarks 81 thermal units to move coal to renewable by 2026

The list includes generation units of state-owned NTPC, and privately owned units of Tata Power, Adani Power, CESC, Hindustan Power

Adani Wilmar, Adani Power: Is it time to book profit in Adani Group stocks?

Adani Wilmar, Adani Power, and Adani Total Gas are expected to see up to 18 per cent upside in the coming sessions

BSE Power index hits over 10-year high; analysts advise booking profit

On Tuesday, the S&P BSE Power index hit a 10-year high of 3,008, a level last seen in January 2011, in intra-day trade. Adani Power, meanwhile, hit a record high of Rs 151

Power stocks rally on FM's Rs 90,000 crore liquidity boost for discoms

Power Finance Corporation and Rural Electrification Corporation will infuse liquidity in the discoms to the extent of Rs 90,000 crore in two equal instalments

Post coronavirus lockdown, industrial demand for power plummets by 30%

An overall generation down by 3.6 per cent YoY in March 2020, creating financial problem for producers

Tata Power, Adani Power gain as Guj to raise tariffs of coal-based plants

Tata Power and Adani Power rallied up to 7% on BSE on reports that the Gujarat government decided to increase tariffs of three coal-based power plants.