Today’s top morning headlines - 25th September 2023

Good morning,

Markets are trading in the red with the NIFTY50 trading near the 19,600 level, as of 11:30 am. Here are the top stories for the day!

:star: Delta Corp receives GST notices worth ₹16,822 cr
Shares of casino operator Delta Corpare trading 18% lower after the company received two GST tax notices totaling ₹16,822 crore. The company has said that it will challenge the notices.

:star: Adani wins ₹13,888 cr smart meter deal
Adani Group won two tenders worth ₹13,888 crore from MSEDCL to install smart meters in Maharashtra. The group will become India’s largest smart meter supplier with 30% market share.

:star: JSW Infrastructure launches IPO today
JSW Infrastructure, a port operator with nine port concessions in India and two in the UAE, is launching its IPO today to raise ₹2,800 crore. The IPO price band is set at ₹113 to ₹119 per share, and will close on September 27. You can apply for the IPO here. (Link)

:star: Tata Power ties up with Dugar Power in Nepal
Tata Power’s subsidiary TPREL has partnered with Dugar Power, a Nepal-based renewable energy company. The two firms will jointly develop solar energy projects in Nepal. The partnership will allow TPREL to expand its global reach and promote energy sustainability in the region.