Total income, however, improved to Rs 3,941.36 crore during the third quarter as against Rs 3,738.22 crore a year ago, Federal Bank said in a regulatory filing.

HDFC Securities’ Naveen Trivedi on Wednesday said the brokerage remains positive on consumer durables space with Crompton Consumer and Voltas as its top picks.

V-guard Industries has acquired stake in Gegadyne Energy for a cash consideration of Rs 33 crore. Speaking in an interview to CNBC-TV18, V Ramachandran, Director & COO of the company said, “This company is a startup in energy storage space, they have excess to next generation technology."

Adani Green Energy Ltd (AGEL) arm Adani Solar Energy Kutchh One Ltd has commissioned a 150 MW solar plant in Kutchh, Gujarat. The company in a statement said that despite all the challenges of global pandemic COVID19, unprecedented rain and flood in Kutchh, the team of experts made it possible to commission the project three months prior to its scheduled commissioning date. This plant has a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) at Rs 2.67/kWh for a period of 25 years. With this commissioning, AGEL's total operational renewable capacity grows to 3,125 MW. AGEL has total renewable capacity of 14,795 MW, including 11,670 MW awarded and under implementation projects.