Bengaluru

Justice Arun Mishra’s Final ‘Gift’ of Rs 8,000 Crore to Adani

On August 31, a Supreme Court Bench headed by Justice Arun Mishra approved the decision by electricity regulators to grant Adani Power “compensatory tariffs” amounting to Rs 8,000 crore for electricity generated at its power plant in Rajasthan. The verdict, just before Justice Mishra’s retirement on September 2, is the seventh judgment since the beginning of 2019 in which benches ...

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HAL OFS subscribed 1.60 times on Day 1; government to use greenshoe option

The offer for sale (OFS) of Hindustan Aeronautics Ltd (HAL) was subscribed 1.60 times by non-retail investors on the first day of the issue on Thursday. Further, the government has decided to exercise the greenshoe option and retail investors will get chance to bid on Friday (August 28) with a discount of 5 percent on the cut off price. In ...

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