tg-me.com/zarnaboiles/3518
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BY Zarnab oiles
![](https://photo.tg-me.com/u/cdn4.cdn-telegram.org/file/hSX4UGB2p1zzOOJs9gOnVMowxD-U2_Cyoa7OfA7L_2D_OA8gPw0oFppHKDQ_PfBEIVXoMBxAZW3X94fwJcmwZdUb31_I9Ocp-BaHWSiZDtp90jlUHU0Da6Vrdc5qk_FvcT7Mnt4BtWVD2A5--ftOAiQqifNkGjiR91FnXX0DXumjpWQwA_itcmKk_n5YnMBnZT13sCNRTWP7CGORxw88ywe-FrwQ1LlHKYZoQANuS_B2mAiKJJ5gEi8PL6ZxT3hGNwQPv-vK6adZBECIygn1_QiVbWPYNYsDTQ2BNThVtmYvEb9ULlEjBvaT1R4UeBC2INsBjOtVNObvZsMaChvVcg.jpg)
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tg-me.com/zarnaboiles/3518
BY Zarnab oiles
Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at ₹43,559 crore at the end of March 2021 compared to the company’s market capitalisation of ₹44,447 crore.
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
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