Sat, Jan 2, 2021 10:03 AM
KKR to float private InvIT in bid to house renewable assets
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📌The top gainers in Nifty today were Bharti Airtel (up 4.05%), Power Grid Corporation Of India (up 2.13%), Bajaj Auto (up 1.15%), LTI Mindtree (up 0.74%), and Hindalco Industries (up 0.65%). 📌On the other hand, the top losers in Nifty were Apollo Hospitals Enterprise (down 4.11%), Titan Company (down 3.31%), Nestle India (down 3.28%), Coal India (down 3.22%), and ONGC (down 3.18%).
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Wipro is expected to report muted earnings for the fourth quarter of FY24 amid a weak demand environment. The IT services major will announce its Q4 results on Friday, April 19. Wipro Q4 results commentary will be important to watch out as the company’s CEO Thierry Delaporte had recently resigned and it has named Srinivas Pallia as its new CEO.
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The National Company Law Appellate Tribunal (NCLAT) on April 18 set aside the corporate insolvency resolution process against Sporta Technologies, parent company of leading fantasy gaming platform Dream 11 and restored it to its pre-insolvency stage. The NCLAT held that the National Company Law Tribunal (NCLT) could not have admitted the company to insolvency as the plea was time barred.
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