Markets are trading in the red as of 12:30 pm, with NIFTY50 trading near 20,170 level as of 12:30 pm. Here are the top stories for the day!
Adani promoters increase stake in Adani Energy Solutions
Adani Promoters increased their stake in Adani Green Energy Solutions, a renewable energy company, by 2.5%. They also bought more shares in other Adani Group companies.
Windfall tax on crude oil raised
The government has hiked the windfall tax on crude oil to ₹10,000 per tonne from ₹6,700, starting from 16 September. The windfall tax on petrol remains zero.
Vodafone Idea makes payment to DoT
Vodafone Idea has paid ₹1,701 crore to the Department of Telecom (DoT), after the promoter infused ₹2,000 crore. The company still owes ₹700 crore to the Telecom Department, which it has promised to pay by the end of September. The company’s total debt is ₹2.1 lakh crore.
Two IPOs closing today
Today is the last day to apply for the IPOs of SAMHI Hotels, which is raising ₹1,370.10 crore, and Zaggle prepaid, which is seeking ₹392 crore. You can apply for these IPOs here.