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Company News

BUZZ-India's Tata Power, Adani Power climb after top court rejects RBI's loan default guidelines

** Tata Power Company Ltd’s shares rise as much as 3.49 pct to 77 rupees, while Adani Power Ltd climbs as much as 6.47 pct to 51.85 rupees

** The Supreme Court on Tuesday dismissed a Reserve Bank of India circular that gave firms 180 days for debt resolution, failing which the issue would be taken under the country’s bankruptcy court, TV channels reported

** Shares of Power Grid Corporation of India rise as much as 2.68 pct to 200.8 rupees, in their biggest intraday pct gain since March 15

** Adani Power stock hits highest since March 19

** Up to last close, Tata Power stock down 3.1 pct this year, Adani Power down 4.4 pct

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