|Day's Range||120.60 - 124.35|
|52 Week Range||58.35 - 160.70|
|PE Ratio (TTM)||14.27|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
India on Saturday finalised a policy that would allow local private companies to work with foreign players to make high-tech defence equipment, in a boost to Prime Minister Narendra Modi's bid to cut reliance on imports. The policy, whose finer details are still to be formalised, will initially allow the entry of private companies into the manufacture of submarines, fighter aircrafts and armoured vehicles through foreign partnerships, a statement issued by the Defence Ministry said. Industry experts have said that delays in finalising procurement policies have undermined India's efforts to get local, largely inexperienced, companies to tie up with foreign manufacturers, a necessary step if domestic firms are to utilise the latest technology.
Indian conglomerate Adani Group is considering a bid for the local solar assets of U.S. SunEdison, the chief executive officer for Adani's renewable energy arm said on Friday. Jayant Parimal, Adani Green Energy Ltd's CEO, told reporters in Mumbai that his company was deciding whether to bid after investment bankers appointed by the U.S. firm approached it to gauge interest. SunEdison filed for bankruptcy in April after an ambitious growth plan and $12 billion in debts proved unsustainable.
Indian conglomerate Adani Group is considering a bid for SunEdison's Indian solar assets, the chief executive officer for the group's renewable energy arm said on Friday. Jayant Parimal, Adani Green Energy ...