Here is a collection of the most important stories this evening:
Adani Group to invest Rs 9,350-crore equity in Adani Green Energy
Adani Green Energy (AGEL) on December 26 said its board of directors have approved a preferential issuance of warrants to the promoters for a quantum of Rs 9,350 crore, at a per share price of Rs 1,480.75. The funds shall be utilised for deleveraging and accelerated capital expenditure, the company said. Read more
Nifty, Sensex end with gains, analysts suggest 'buy on dips' strategy
Benchmark indices ended higher for the third consecutive session on December 26. BSE Sensex closed 230 points or 0.32 percent higher at 71,337, and the Nifty shut shop 92 points or 0.43 percent up at 21,441. About 2,232 shares advanced, 1,508 declined, and 139 shares remained unchanged. Read more
Bajaj Finance, RBL Bank fall as RBI grants only 1 more year to co-branded credit cards
Observing "serious deficiencies" in Bajaj Finance's adherence to the guidelines, the Reserve Bank has granted only one year of extension for the NBFC's co-branded credit card partnership with RBL Bank, sources told CNBC-TV18. Read more
TPG weighs $750 million investment in Greenko’s green ammonia business
Greenko group, one of India’s largest renewable energy companies, is in talks with private equity investor TPG Rise Climate fund to raise as much as $750 million in its green ammonia business, said people familiar with the ongoing discussions. Read more
Zydus Life subsidiary gets Income Tax demand of Rs 280 cr
Indian pharma major Zydus Life said that its subsidiary, Zydus Healthcare Limited, received an Income Tax demand of Rs 284.58 crore. Read more
SCOPE launches $45 million venture capital fund for fintech, gaming sectors
SCOPE, an invite-only networking platform for the startup ecosystem, on Tuesday announced the launch of a $45 million venture capital fund focused on driving innovation in the fast-evolving fintech and gaming sectors. Read more
CPM leader Sitaram Yechury declines invite for January 22 Ram temple event
The Communist Party of India (Marxist) (CPI (M)) has declared its decision to abstain from participating in the inauguration ceremony of the Ram Temple in Ayodhya on January 22. Senior party leader Brinda Karat emphasised that while her party respects religious beliefs, it opposes the politicisation of religion. Read more
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