Inox Wind and KP Energy have signed an exclusive MoU to jointly develop 2.5 GW of wind and wind-solar hybrid projects across multiple states. Inox Wind will supply turbines, engineering support, and handle turbine commissioning and O&M, while KP Energy will manage land, approvals, connectivity, and balance-of-plant EPC and O&M. The collaboration aims to streamline project execution and boost efficiency.
In the Nifty500 pack, 12 stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on November 18, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Fund of Funds (FoFs) are gaining traction among DIY investors due to their ease of investing, diversification, and favorable tax treatment. These schemes invest in other mutual funds, offering a single NAV and professional management. Equity-oriented FoFs provide tax efficiency with a 12.5% LTCG tax after 24 months.
The Enforcement Directorate is investigating over 50 individuals and firms for alleged money laundering through penny stock price rigging. Notices have been issued under the PMLA, requiring disclosure of financial information and associations with manipulated companies. This probe follows a raid on a tech firm, uncovering a syndicate involved in elaborate stock manipulation schemes.
CreditAccess Grameen's stock has declined due to concerns over higher credit costs stemming from delayed improvement in its portfolio at risk. Despite accelerated write-offs in H1 FY26, the company is focusing on customer accretion and enhancing borrower quality. Analysts anticipate improved return ratios in the latter half of the fiscal year.
The National Asset Reconstruction Company has taken over the debt of Entertainment City. Punjab National Bank accepted NARCL's 711-crore offer. This ends a year-long effort by lenders to find a better deal. Entertainment City has outstanding debt of around 1,000 crore. NARCL's bid ensures lenders recover their principal amount.
With Europe imposing sanctions on Moscow, there has been a growing network of vessels sailing without a valid flag from Russia through European waters.
Foreign investors divested shares worth 1.02 lakh crore in September quarter, with financial services firms, particularly NBFCs, experiencing significant stake reductions by foreign fund managers. Despite the selling pressure, some companies like Sona BLW Precision Forgings, Five-Star Business Finance, and Tata Communications saw their share prices rise. This occurred as Nifty and Nifty 500 indices registered declines of 3.5% and 3.
GQG Partners significantly boosted its stake in five Adani Group companies, including Adani Energy Solutions and Adani Enterprises, through substantial block deals totaling over 4,500 crore. The investment firm also expanded its portfolio with new positions in GMR Airports and other major Indian corporations like Bharti Airtel and State Bank of India.
