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Shares dive as oil prices surge; Nifty falls most in four months

Tuesday, January 7, 2020, 8:00 AM

Indian shares fell on Monday as escalating U.S.-Iran tensions spiked crude, pulling the rupee lower and stoking fears of a higher-import bill for the worlds third biggest oil consumer. The NSE Nifty 50 index fell just over 2%, recording its worst intraday fall since Sept. 3 and hitting its lowest in nearly four weeks. The rupee was 0.3% weaker at 72.03 against the dollar.
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NTPC shares climb over 1% after Odisha power project becomes operational

Tuesday, December 31, 2019, 8:08 PM

Shares of NTPC climbed over a percent on BSE on December-31 after it said 800-mw unit of its Darlipali Super-Thermal Power-Project in Odisha has become operational. With this, the total installed capacity of NTPC and NTPC group has become 49,695-MW and 58,156-MW respectively, NTPC said in a filing to BSE. Shares of NTPC traded 1.16% up at Rs.118.05 on BSE around 12:45-hours IST.
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China sets out move to liberalise IPO rules to streamline listings

Saturday, December 28, 2019, 8:58 PM

China will gradually liberalise rules governing IPOs of stocks, expanding a simple-registration-based route to market rather than the current system of pre-approval by regulators, according to an amended Securities-Law that was approved by parliament on Saturday. The amended legislation, due to take effect from March-1, removes complex and time-consuming watchdog-scrutiny before listings and is designed to streamline listing-procedures for companies eager to go public.

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