Euphoria ebbing? Number of smallcap stock gainers plunge 27% week-on-week

Euphoria ebbing? Number of smallcap stock gainers plunge 27% week-on-week

While the benchmarks Sensex and Nifty 50 clocked losses for the fourth straight week, the broader market also lost some of its momentum as was visible in the stock performance. In the week gone by, 55 smallcap stocks gave double-digit positive weekly returns, as compared to 75 stocks a week ago. In the BSE 500 … Read more

GE Power acquires 50% equity stake in NTPC GE Power Services

GE Power acquires 50% equity stake in NTPC GE Power Services

NEW DELHI: on Tuesday said that it has acquired 50 per cent stake in NTPC GE Power Services Pvt Ltd. Earlier this month, GE Power India’s board had approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd (NGSL) for Rs 7.2 crore. NTPC and GE Power Systems GmbH had … Read more