NTPC has acquired 27.36% equity of Bihar State Power Generation Company (BSPGCL) in Kanti Bijlee Utpadan Nigam (KBUN) which owns 610 MW Muzaffarpur Thermal Power Station and 50% equity of BSPGCL in Nabinagar Power Generating Company (NPGC) which is developing 1980 MW Nabinagar Super Thermal Power Project in district Aurangabad, Bihar.

India’s current account deficit (CAD) seems under pressure with rising oil prices and depreciating rupee adding to the worries. The Indian rupee touched an all-time low mark of Rs. 69 per dollar on Friday.

The star IPOs of the past week, Fine Organic and RITES Limited are slated to list on the exchanges on Monday. Both the IPOs were well-subscribed inspite of volatile market condition during the week.

Recently, SEBI has recategorized balanced funds into three categories that is Aggressive hybrid funds, Balanced hybrid funds and Conservative hybrid funds. So investors should know the basic information that they must look into while investing in these mutual fund schemes.

Wipro announced that the company has completed the divestment of Wipro Data Centre and Cloud Services Inc, business in Germany and UK for a consideration of US$ 399 million. 

V2 Retail Limited has announced that it has opened its 63rd ‘V2 Retail’ store in India. This store is opened at Lucknow, Uttar Pradesh. This is the retail chains 14th store in Uttar Pradesh. V2 Retail's stores are spread across 17 states and 57 cities.

ICICI Bank, which has been going through a management crisis off-late, has announced appointment of Girish Chandra Chaturvedi as its non-executive part-time chairman, with effect from July 1, for a period of 3 years.

Kalpataru Power Transmission Limited (KPTL) informed bourses on Thursday that company has secured new orders worth Rs. 1,235 crore.

Lupin, the tuberculosis drug specialist company, in which Rakesh Jhunjhunwala holds 1.9 per cent stake was trading 1 per cent higher when the Pharma index was flat. On Friday, Lupin grabbed the second position as the top pharma gainer after Divis Lab which was trading 3 per cent up.

If we see the performance of large-cap funds, more than 20 schemes are under performing their respective benchmark since the start of this year.