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Tata Power share price jump 5% after Gujarat govt approves supply agreement for Mundra plant

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Tata Power share price jump 5% after Gujarat govt approves supply agreement for Mundra plant
Tata Power share price: Shares of Tata Power gained as much as 5% to their day’s high of Rs 418.50 on the BSE on Friday after Gujarat approved a revised power supply pact with the company, clearing the way for it to resume long-term supply from its 4-gigawatt Mundra plant, news agency Reuters reported.

The Economic Times couldn’t independently verify the report. Tata Power hasn’t informed the exchanges about this development either.

The imported coal-fired plant has not operated for the past six months after the government last year withdrew the emergency clause that compensates companies for generating power using expensive imported coal, Reuters added.

The deal comes as a relief to India, which is aiming to maximise power output from its coal plants amid an escalating Middle East conflict that is expected to trigger a gas shortage during the summer months.

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The agreement is subject to approval from the federal power regulator and will take effect retrospectively from April 2025.


While the document did not disclose the exact pricing of the power supply, it noted that Gujarat has mandated that tariffs must not exceed those paid by other states, the report said.

Tata Power share price performance

Shares of Tata Power Company Limited have gained 8% over the past one month. However, the stock has remained largely range-bound over a longer horizon, rising just 3% in the last six months. On a year-to-date basis, the Tata Power share is up 7%, while it has delivered a 10% return over the past year.

Tata Power Q3 snapshot

The company’s profit after tax (PAT) rose 1% to Rs 1,194 crore, while nine-month PAT climbed to Rs 3,702 crore, up 7% year-on-year.

Revenue for Q3 FY26 stood at Rs 14,485 crore, down 4% year-on-year, compared with Rs 15,118 crore reported in the same period last year, Tata Power said in a press release. Meanwhile, nine-month revenue came in at Rs 47,719 crore, up 1% YoY.

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EBITDA for the quarter grew to Rs 3,913 crore, up 12% from Rs 3,481 crore posted in the corresponding quarter of the previous financial year.

During the quarter, Tata Power executed around 1.3 GW of renewable projects, taking cumulative renewable EPC execution past the 10 GW milestone. The company’s total installed capacity now stands at 16.3 GW, underlining its expanding presence in clean energy infrastructure.

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Iconic Action Classics Ranked for Fans in 2026

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Eminem, pictured performing at the MTV Movie Awards at Nokia Theatre on April 13, 2014 in Los Angeles, is rumored to be playing the 2018 Bonnaroo festival.

Chuck Norris, the martial arts legend and action icon who passed away March 19, 2026, at age 86, left behind a filmography packed with high-kicking, one-man-army spectacles that defined 1980s cinema. From his breakthrough villain role opposite Bruce Lee to his peak Cannon Films era, Norris delivered raw, unapologetic action that inspired generations — and endless internet memes.

Code of Silence (1985)
Code of Silence (1985)

With Norris’ recent passing renewing interest in his work, fans and critics have revisited his catalog. Rankings from Rotten Tomatoes, IMDb user lists, Slashfilm, MovieWeb, The Action Elite and other sources highlight recurring favorites. While critics often favored his more grounded performances, audiences embraced the over-the-top patriotism and roundhouse kicks.

Here are the 10 best Chuck Norris movies, compiled from consensus across fan votes, critical retrospectives and enduring popularity in 2026:

  1. Code of Silence (1985) Directed by Andrew Davis (“The Fugitive”), this Chicago cop thriller stands as Norris’ most polished effort. Playing Eddie Cusack, a detective caught between corrupt cops and the mob, Norris blends martial arts with dramatic weight. Praised for strong supporting cast (including Dennis Farina), on-location shooting and thrilling set pieces, it tops many lists — including Slashfilm’s 2026 retrospective — as his best “real” movie. Rotten Tomatoes gives it 68%, with fans calling it a hidden gem of 1980s action.
  2. Lone Wolf McQuade (1983) Norris stars as J.J. McQuade, a Texas Ranger battling a drug lord (David Carradine). This film laid groundwork for “Walker, Texas Ranger,” mixing gunfights, car chases and brutal fights. Its blend of humor, romance and over-the-top action earns high marks; many 2026 rankings place it No. 1 or 2. The final showdown with Carradine remains a highlight, showcasing Norris’ charisma and physicality.
  3. The Way of the Dragon (1972) Norris’ breakthrough came as the villain in this Bruce Lee classic (also known as “Return of the Dragon”). His Colosseum fight with Lee is one of cinema’s most iconic battles. With an 87% Rotten Tomatoes score — his highest-rated film — it introduced Norris to global audiences and proved his screen presence against the greatest martial artist ever.
  4. The Delta Force (1986) Inspired by the 1985 TWA hijacking, Norris leads a special forces team rescuing hostages. Lee Marvin’s final film role adds gravitas. Explosive set pieces, including a bus chase and helicopter assault, make it a Cannon Films staple. Frequently ranked in top 5s, it embodies Norris’ patriotic hero archetype.
  5. Invasion U.S.A. (1985) Norris as ex-CIA agent Matt Hunter repels a Soviet-Cuban invasion with machine guns and grenades. Pure 1980s excess — high body count, one-liners and anti-communist fervor — it ranks high in fan polls for sheer entertainment. The Action Elite and others call it peak Cannon Norris.
  6. Missing in Action (1984) Norris’ Braddock rescues POWs from Vietnam single-handedly. The first in a trilogy, it spawned sequels and echoed Rambo themes. Its success made Norris a box-office draw; fans praise the straightforward revenge plot and action sequences.
  7. The Octagon (1980) Norris battles a ninja cult led by his evil twin (played by himself). Intricate fight choreography and a mysterious plot set it apart from later films. Often cited in top 10s for martial arts purity and early 1980s vibe.
  8. Silent Rage (1982) Norris’ only horror-tinged role involves a super-soldier killer revived by mad scientists. Blending action with slasher elements, it offers a unique twist. Fans appreciate the novelty and intense fights.
  9. An Eye for an Eye (1981) Norris seeks vengeance after his partner and family are murdered. A gritty revenge tale with strong emotional stakes, it showcases his dramatic range amid brutal action.
  10. The Expendables 2 (2012) In a late-career cameo, Norris joins Stallone’s ensemble with memorable lines and a fight scene. His “toughest” reputation shines in this all-star throwback, earning high praise for humor and nostalgia.

Norris’ films, often low-budget Cannon productions, prioritized action over polish but delivered thrills. His legacy endures through streaming revivals and memes celebrating his toughness. In 2026, with tributes pouring in after his death, these movies remind fans why Norris became synonymous with unbreakable resolve.

From the Colosseum clash with Lee to one-man rescues, his screen presence left an indelible mark on action cinema.

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Globalfoundries: chief business officer Hogan sells $77,850 in shares

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Globalfoundries: chief business officer Hogan sells $77,850 in shares

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The spring housing market is on, but mortgage rates just shot higher

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The spring housing market is on, but mortgage rates just shot higher

A realtor gives neighbors a tour during an open house at a home in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026.

Zak Bennett | Bloomberg | Getty Images

Spring is traditionally the busiest season for home sales, and while this year’s market dynamics have shifted strongly in favor of buyers, broader forces in the economy are creating significant challenges.

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The most important factor in any season is mortgage rates. They were expected to be lower this year, as the Federal Reserve dropped its lending rate to counter inflation, but the war with Iran has turned that on its head. The cost of oil is shooting higher, leading to rising inflation and causing the Fed to reconsider.

Now, U.S. interest rates are rising, with mortgage rates following suit.

The average rate on the popular 30-year-fixed mortgage had started this year lower, even briefly dipping below 6% at the end of February, but it rose sharply this week to 6.53% on Friday, the first day of spring, according to Mortgage News Daily. It is now just 18 basis points below where it was a year ago.

Higher rates will weigh on affordability, but other factors have flipped the market in favor of buyers. Homes are sitting on the market longer, sellers are increasingly willing to lower prices and the supply of homes for sale is rising, albeit not as quickly as it should be.

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“As the housing market approaches the ‘best time to sell’ season, it sits in a precarious position, caught between long-term improvements and sudden short-term instability,” Jake Krimmel, senior economist at Realtor.com, wrote in a Weekly Housing Trends report. “Everything seems much more unsettled and uncertain than it did just a month ago.”

For the week ending March 14, active inventory was up 5.6% year-over-year, according to Realtor.com, but new listings were down 1.4%.

This means the number of homes for sale is climbing not because there are so many more sellers, but because the homes on the market are sitting. That may be because potential sellers who expected to put their homes on the market are holding back due to concerns about the implications of the Iran war.

“I think inventory is the bigger decider,” said Jonathan Miller, director of markets for StreetMatrix, a housing market data provider. “The idea that rates are going to noticeably come down this year, I think, is generally off the table.”

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Location, location

Given the disparity in inventory across different markets, this spring is likely to be a tale of many cities.

For example, in February, active listings in Las Vegas, Seattle, Cincinnati and Washington, D.C., were all up over 20% from a year ago, according to Realtor.com. Listings in San Francisco, Chicago, Miami and Orlando, Florida, meanwhile, were lower than a year ago.

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Home prices had been cooling off for much of the past year, and they continue to do so. Prices were just 0.7% higher in January than they were in January 2025, according to Cotality. That’s down from the 3.5% annual growth at the beginning of 2025. Higher mortgage rates, however, are taking away from that improved affordability.

The Northeast and Midwest are seeing the strongest price appreciation, led by New Jersey, Connecticut, Illinois, Wisconsin and Nebraska, due to tighter supply in those regions, according to Cotality.

Cotality ranks 69% of top metropolitan housing markets as overvalued, noting undervalued markets like Los Angeles, New York City, San Francisco and Honolulu could see a rebound in prices in 2027.

“Ultimately, locations with consistent job growth will remain the primary engines for price appreciation, but they also have larger inventory deficits which are driving pressure on home prices,” Selma Hepp, Cotality’s chief economist, wrote in a recent report.

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As for new construction, buyers are likely to see better deals this spring, as builders are struggling to unload an oversupply of homes. Inventories hit a 9.7-month supply in January, according to the U.S. Census, as the result of sales falling to the lowest level since 2022. A growing share of builders cut prices in March, according to the National Association of Home Builders.

“Affordability for buyers and builders remains a top concern,” Bill Owens, chairman of the NAHB, said in a release. “Many buyers remain on the fence waiting for lower interest rates and due to economic uncertainty. Builders are facing elevated land, labor and construction costs and nearly two-thirds continue to offer sales incentives in a bid to firm up the market.”

Construction of single-family homes also dropped in January. While some are blaming rough winter weather for the weakness in the new home market, builders are consistently battling affordability for both their customers and their own bottom lines. Costs for land, labor and materials have not eased.

“I think this is not going to be an inspiring year for the housing market. It started out with high expectations. I think the war, whatever the outcome, has really dampened enthusiasm and kept uncertainty really high,” Miller said.

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Labour to allow 30m wind turbines at schools and hospitals under new planning rules

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Labour to allow 30m wind turbines at schools and hospitals under new planning rules

Labour has unveiled plans to allow wind turbines up to 30 metres tall to be installed at schools, hospitals and farms without full planning permission, in a significant shift aimed at accelerating the rollout of small-scale renewable energy across the UK.

Under the proposed changes, ministers will extend permitted development rights, currently limited largely to domestic properties, to cover non-domestic sites including public sector buildings and commercial premises. The move is designed to enable organisations to generate their own electricity and reduce exposure to volatile energy costs.

At present, homeowners can install small turbines without planning approval, but these are capped at 15 metres when mounted on a building and 11.1 metres when placed in a garden. The new framework would more than double that height limit for non-domestic use, allowing turbines comparable in scale to mature trees to be deployed more widely.

A turbine of this size can generate up to 50 kilowatts of power, which the government says is sufficient to meet the full electricity demand of a medium-sized farm or significantly offset consumption at sites such as schools and hospitals.

Energy minister Michael Shanks said the reforms would give organisations “the tools to lower their bills and make the best use of their land”, describing onshore wind as one of the cheapest and quickest forms of energy to deploy.

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The policy comes against a backdrop of heightened energy price volatility driven by global geopolitical tensions, with ministers increasingly focused on boosting domestic generation to improve long-term resilience.

However, the proposals have already drawn criticism from opposition politicians and rural campaign groups, who warn the changes could sideline local communities.

Richard Tice, Reform UK’s deputy leader and energy spokesman, described the move as “intrusive”, accusing the government of weakening planning protections in pursuit of its net zero agenda.

Similarly, Sarah Lee of the Countryside Alliance cautioned that the reforms risk setting a precedent for wider development without adequate consultation. She said the key issue was not the turbines themselves, but “location, density and consent”, adding that planning rules exist to ensure local voices are heard.

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Despite the relaxation of rules, planning permission will still be required for installations in sensitive areas, including conservation zones, listed buildings and designated habitats.

Industry figures have broadly welcomed the shift, arguing it could help address one of the UK’s core energy challenges, its reliance on imported gas. Nigel Pocklington of renewable supplier Good Energy said scaling domestic renewables is “the most effective way to bring prices down over the long term”.

The reforms also attempt to address the slow uptake of small-scale wind technology in the UK. Despite permitted development rights for homes being in place since 2011, adoption has remained limited, with just 128 installations recorded over the past decade.

That lack of traction has been attributed to a combination of planning constraints, cost barriers and public resistance, challenges the government now hopes to overcome by targeting larger, non-domestic sites where energy demand is higher and installations can deliver more meaningful savings.

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For businesses and public sector organisations facing rising energy costs, the policy signals a shift towards decentralised, site-level generation, but its success will likely depend on how effectively ministers balance speed of deployment with local acceptance.


Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

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ITWO: Russell 2000 Covered Call Strategy That Outperforms Its Peers (BATS:ITWO)

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ITWO: Russell 2000 Covered Call Strategy That Outperforms Its Peers (BATS:ITWO)

This article was written by

Monte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Slideshow: Functional snacking innovations

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Slideshow: Functional snacking innovations

Snack products packed with protein and fiber are rolling out.

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Puris launches ClearP hydrolyzed pea protein

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Puris launches ClearP hydrolyzed pea protein

Ingredient offers 90% protein content.

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UBS secures US bank licence in boost for wealth management plans

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UBS secures US bank licence in boost for wealth management plans


UBS secures US bank licence in boost for wealth management plans

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Earnings call transcript: ISC Q4 2025 beats EPS estimates, shares dip

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Earnings call transcript: ISC Q4 2025 beats EPS estimates, shares dip

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UFO: Ready For Liftoff

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Rocket with a light blast flies and takes off into space in the starry sky. Spaceship launch on a dark background, concept.

UFO: Ready For Liftoff

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