Market News

NBCC arm HSCL bags ₹159 crore Odisha project management contracts

The fresh wins include a mega education complex in Keonjhar and two Kendriya Vidyalaya campuses, adding nearly ₹159 crore to NBCC's education infrastructure portfolio.

India Chemical Diaries | Ep.1: Rajen Mariwala’s blueprint for building an aroma-chemicals global business

Market Pulse: Key triggers to watch before the July 10 trading session

Friday is expected to be an eventful session for Indian markets, with investors set to react to TCS' June quarter earnings. Market participants will also track the impact of Apollo Micro Systems' ₹1,550-crore acquisition of a 41.33% stake in Premier Explosives.On the global front, US markets traded higher, supported by gains in semiconductor stocks and lower oil prices, although renewed tensions between Washington and Tehran kept investors cautious. Traders will also monitor the impact of lower-than-expected US jobless claims and June existing home sales data on sentiment.

One attack, one warning: The world's energy lifeline is still vulnerable

An attack on a Qatari LNG carrier in the Strait of Hormuz has raised concerns. This incident suggests ongoing threats to commercial shipping in the vital waterway. Energy markets may face potential repeated disruptions rather than widespread conflict fears. The dispute over Hormuz control remains unresolved, impacting global energy supplies.

Founder of Brookfield-backed Avaada seeks $750 million loan

Avaada Group founder Vineet Mittal plans to borrow $750 million from global lenders. This new financing will refinance the company's existing $1 billion credit facility. Several international banks are in talks to underwrite this significant debt deal. Avaada Group is also considering an initial public offering for its solar cell unit.

Global Market: Citi joins London's bullion clearing network in major precious metals expansion

Citi has joined London's over-the-counter gold market clearing network, becoming the fifth bank to do so. This significant move expands the bullion trade's settlement infrastructure, which handles approximately $160 billion in daily transactions. Citi's entry, the first in a decade, signals progress in making the market more accessible. The bank will now offer Loco London settlement for gold, silver, platinum, and palladium.

Maersk places order for 1,000 shipping containers with DCM Shriram Group

Global shipping giant AP Moller-Maersk has ordered 1,000 more India-made shipping containers from DCM Shriram Group. Union Minister Sarbananda Sonowal unveiled the first such container, marking a significant step towards self-reliance in maritime manufacturing. This partnership is set to boost India's global supply chain presence and manufacturing capabilities, supported by government initiatives promoting domestic production.

India emerging as reliable green fuel supplier: Renewable Energy Secretary Santosh Kumar Sarangi

India is emerging as a key global supplier of clean fuels, with significant long-term agreements for green ammonia and methanol to Japan. These deals, involving ACME Group and Japanese corporations, underscore India's growing role in international green hydrogen value chains. The nation's cost-competitive production capabilities are set to bolster global decarbonization efforts and energy security, as highlighted by Japan's Ministry of Economy, Trade and Industry.

India's solar sector a big opportunity, could become exporter to Europe: Renewables Norway CEO

India's burgeoning solar power sector is a significant driver for global climate action, according to Renewables Norway CEO Bard Vegar Solhjell. He highlighted India's potential to become a major exporter of solar components to Europe if it develops its manufacturing capabilities.

Airlines Skip Rs 10,000-Crore ATF Price Scheme After Fall In Global Oil Prices

On July 1, ATF prices in fact dropped to Rs 110 per litre from Rs 115 rate that was announced on June 9.

Duty waiver on petrochemical products extended till July 15

Indian manufacturers will continue to benefit from a full customs duty exemption on imported petrochemicals until July 15. This extension aims to stabilize input costs for sectors like plastics, packaging, and textiles, which are still navigating supply chain recovery post-West Asia conflict. The move ensures a steady flow of essential raw materials, bolstering domestic production and market availability as global supply chains gradually normalize.

Global Bio chem Tech Share Price Today | HK: 2969 - Investing.com India

Global Bio chem Tech Share Price Today | HK: 2969Investing.com India