Over the past month, shares of NTPC Ltd have remained powerless, down about 7%. The company said last week that it added 1,320 megawatts (MW), which takes it closer to its annual capacity target of 5,000MW. The capacity additions augur well, though, and the firm’s regulated business model assures a fixed return on invested equity.

Mumbai: After a volatile opening, Indian markets on Monday rose nearly 0.5% led by gains in energy, auto and banking stocks. Sentiments were also improved after signs of progress in US-China trade negotiations.

At 12.12 pm, the benchmark Sensex Index rose 0.5% to 38306.29 points while Nifty advanced 0.5% to 11361.60 points.

The second quarter performance of Infosys were in line with estimates but shares declined 2.4% in early trade. Infosys, which reported Q2 earnings after market hours on Friday, also raised the low end of its revenue forecast for the year on upbeat demand for its digital services.

The Indian rupee appreciated by 28 paise to 70.74 against the US dollar in early trade on Monday as gains in domestic equity market and positive developments on the US-China trade talks front strengthened investor sentiments.

At the interbank foreign exchange the rupee opened at 70.83, then gained further ground and touched a high of 70.74, registering a rise of 28 paise over its previous close.

IRCTC Ltd’s stock made its stock market debut with a bang today, with the best stock market listing by any stock in the last two years. IRCTC stock opened at Rs 644 for trading on Monday on BSE, more than double the IPO price of Rs 320 per share, and immediately started surging, indicating the appetite of investors hungry for buying stakes in quality PSUs.

The Centre will likely make the ailing Air India (AI) virtually debt-free by taking over an additional Rs 20,000 crore from its books before offering it afresh to bidders by the end of this month.

The government had taken over Rs 29,464-crore of AI debt earlier this financial year through a special purpose vehicle (SPV). AI’s assets, largely its fleet of aircraft, are estimated to be about Rs 20,000 crore, equivalent to the residual debt to be taken over by the prospective buyer, along with the entire government stake in the airline.

The country’s 5G dream seems to have got grounded even before it could take off as a fallout of a turf war between the Indian Space Research Organisation (Isro) and the department of telecommunications (DoT), in which the former has gained an upper hand.

The space agency’s view has prevailed and the government’s submission for the World Radiocommunication Conference (WRC) has accordingly agreed to reduce the power level of the 5G base stations in the 26 GHz spectrum band to eightieth of conventional mobile base stations

The World Bank on Sunday, ahead of its meeting with the International Monetary Fund (IMF), cut its growth forecast for India's economy in the current fiscal year to 6% from the earlier 7.5% thereby hinting at the current economic slowdown. The Bank, however, maintained that India is still a 'fast-growing economy' and that its growth numbers are still higher than that of most countries in the world, according to agency reports.

Amazon is offering heavy discounts on a wide range of products under its 'Great Indian Festival' sale, beginning (today) October 13 - 17, 2019.

First-time users will be able to get free delivery on their first purchase plus the e-commerce site is also offering additional offers on select bank credit and debit cards.

French energy giant Total SA is spending $600 million to expand its presence in one of the world’s fastest growing natural gas markets.

Total agreed to purchase a 37.4 per cent stake in India’s Adani Gas Ltd., a distributor of the fuel that is developing import terminals and a national chain of vehicle-filling outlets.

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