DSIJ Mindshare

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.

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.