Market News
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Logistics firm A1 Ltd secures orders worth Rs 35 crore
Logistics firm A-1 Ltd has secured new orders totaling Rs 35 crore from prominent industrial houses, including Solar Industries Ltd, Mahadhan Agritech, and Sai Baba Polymer. These contracts, scheduled for execution by June 2026, significantly boost the company's revenue visibility for the current fiscal year.
Solar module cos flag cell shortage; makers say demand can be met this year
Solar module makers face challenges with local cell sourcing rules. They report a significant gap between module manufacturing capacity and domestic cell availability. While module capacity stands at 225 GW, domestic cell capacity is only around 30 GW. Cell manufacturers counter that current demand is met and future capacity will suffice.
Smart money move: Why Groww MF's equity chief is betting on multicap strategies
Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty chemicals.
India crosses 41 lakh household-mark under rooftop solar scheme, to touch 75 lakh in Dec: Joshi
India is set to reach 75 lakh rooftop solar households by December under the PM Surya Ghar Muft Bijli Yojana, a significant jump from the current 41 lakh. The scheme, launched in February 2024, aims to install rooftop solar on one crore households, providing free electricity and financial assistance.
India's power transmission infra set for Rs 9 trillion upgrade as renewable push accelerates: Report
India is set for a massive power transmission investment of nearly Rs 9 trillion by 2032, according to a Kotak Neo report. This will support the country's clean energy goals by building essential grid infrastructure. Renewable energy capacity is growing rapidly, requiring extensive transmission lines and substations. High-Voltage Direct Current systems will be crucial.
Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over
Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.
Ola Electric Plans Full Transition To In-House Battery Cells By Sept 2026: Bhavish Aggarwal To Shareholders
Ola Electric said around 15% of current orders are already coming from products powered by its own 4680 Bharat Cells.
India solar industry seeks higher power prices amid record demand
India's solar industry is urging the power market regulator to raise electricity price limits on exchanges. Companies say the current cap hinders profitability and investment, especially with demand soaring due to heat waves. Peak power demand has hit record highs recently. The industry group argues the cap prevents them from recovering losses during low demand periods.
Honda City facelift reaches dealerships ahead of May 22 launch; discounts rain on old model
The Honda City facelift has been spotted at dealerships ahead of its May 22 India launch, showcasing cosmetic and feature upgrades. Buyers can still avail significant discounts on the current model. The updated sedan is expected to feature revised styling, a larger infotainment screen, ventilated seats, and a 360-degree camera, while retaining its current engine options.
Drug regulator drafts guidelines on high-risk solvents after tainted syrup deaths in kids
India's drug regulator is creating new rules for dangerous solvents in children's medicines. This follows tragic deaths linked to contaminated cough syrups. Experts found these solvents can contain toxic impurities. The regulator is consulting with companies to assess current practices and explore safer alternatives. This action is vital after several children died from Indian-made cough syrups.
India prioritises forex for crude, defence imports as govt hikes gold, silver duty
India raises customs duty on gold, silver and platinum to curb non essential imports, conserve foreign exchange and protect the current account amid West Asia tensions.
Navin Fluorine bulls expect stock to test ₹8,400 levels after Q4 results; Check upside potential
The highest price target of ₹8,385 on Navin Fluorine comes from Jefferies, who is projecting an upside potential of 24% from current levels.