ADANI ENTERPRISES: EX-DATE FOR DEMERGER

ripplesadvisoryShares of Adani Enterprises (AEL) will turn ex-date for the proposed demerger, which will unlock the value of its renewable sector business. It will transfer the renewable power business to Adani Green Energy (AGE), which will be listed on the bourses later. In lieu of the transfer of assets, AGE will issue 761 shares of ₹10 each for every 1,000 shares of 1 each to the shareholders of AEL. The renewable power contributed about 816 crores, or 9.5 per cent to AEL’s FY17 turnover.


Global cues boost Dalal Street; midcaps shine

Benchmark indices are up more than a percent ahead of the outcome of the monetary policy committee meet due later today. Midcaps outperform front-liners, with the Nifty Midcap index rising 1.5%. All sectoral indices are trading in the green, with the Metal and Realty indices rising more than 2%.


Loan write-offs decline to 13% of gross NPAs in FY17: RBI

Loan write-offs as percentage of gross non-performing assets (NPAs) declined to 13% as on March 2017 from a high of 25% in March 2011, according to RBI data.


Average call rate falls to 19 p/min, data tariff to Rs 19/GB: Govt

Average phone call tariff dropped by more than 60% to 19 paise per minute while data tariffs plunged by about 90% to Rs 19 per 1 GB during June 2016 to December 2017 period, Telecom Minister Manoj Sinha said in a written reply to the Lok Sabha.

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