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Aditya Birla Group proposes $1.26 billion expansion of Odisha alumina refinery
Aditya Birla Group plans a significant expansion for its Odisha alumina refinery. The company will invest an additional $1.26 billion to triple its current capacity. This substantial investment will bring the total proposed expenditure to about $2.1 billion. The expansion project will be managed by the group entity Hindalco Industries. This development aims to significantly boost alumina production in the region.
Banks remain top sector bet, see value in IT at current valuations: UTI AMC's Vetri Subramanian
UTI AMC CEO Vetri Subramanian said banking and financial stocks remain his highest-conviction investment idea as favourable valuations, healthy balance sheets and sustained credit growth could support earnings growth and a valuation re-rating. He also said current IT valuations justify staying invested, with AI integration likely to create opportunities for Indian technology companies, while urging caution on sectors trading at elevated valuations such as defence.
U. H. Zaveri Ltd leads losers in 'B' group
D-Link India Ltd, Shri Bajrang Alliance Ltd, Teamo Productions HQ Ltd and The Investment Trust of India Ltd are among the other losers in the BSE's 'B' group today, 10 July 2026.
Tamil Nadu government signs MoU with Vikram Solar to set up Rs 15,037 cr BESS plant in Tirunelveli
Tamil Nadu government and Vikram Solar signed an MoU for a new plant. This facility will manufacture Battery Energy Storage Systems in Tirunelveli district. The significant investment will create over two thousand job opportunities for local residents. Vikram Solar already operates solar module manufacturing units within the state. This expansion deepens the company's commitment to green energy initiatives.
M3M India lines up Rs 2,500 crore for land acquisition
M3M India will invest Rs 2,500 crore in land acquisition over coming months. The company plans to accelerate construction of its extensive under-development portfolio. This significant investment will be funded by customer receivables and existing cash reserves. M3M India aims to expand its presence in Noida through upcoming land auctions. The developer is also completing several residential and commercial projects this financial year.
Explained: Why experts think the world is entering a decade-long investment boom
Artificial intelligence may be grabbing the headlines, but a broader wave of spending on infrastructure, semiconductors, defence, energy and manufacturing could signal the start of a long-term global investment cycle. Here's why some investors believe this shift could reshape economies—and create new opportunities for India.
Himadri-backed Sicona secures AUD 45 million ARENA funding for battery technology
Sicona Battery Technologies secured significant funding for its advanced battery materials. This investment will build a commercial-scale demonstration facility in New South Wales. The new plant will produce silicon-carbon anode material for electric vehicles. This technology promises increased battery energy density and faster charging speeds. Himadri Speciality Chemical's stake in Sicona strengthens its clean energy strategy.
Market Trading Guide: 360 One Wam among 6 stock recommendations for Wednesday
Profit booking became evident on Tuesday in reaction to a dip in Asian markets, leaving investors eagerly anticipating the US Fed minutes. Analysts suggest considering 360 One Wam, HFCL, RITES, Azad Engineering, EPL, and PGEL for investment, as they present strong technical signals and promising upside potential.
Economic and trade cooperation remains a key pillar of India-Indonesia ties
India and Indonesia issued a joint statement on the State Visit by Prime Minister of India to Indonesia. Prime Minister Modi and President Prabowo held official bilateral talks on 7 July 2026 at Istana Merdeka, Jakarta. The official talks covered the full spectrum of bilateral relations, including political engagement, defence and security cooperation, maritime cooperation, trade and investment, digital economy, science and technology, space, critical minerals, energy, agriculture, health, pharma, education, culture, tourism, youth exchanges and people-to-people ties, in addition to regional and global developments of mutual interest. They also witnessed the exchange of a number of bilateral documents, aimed at further strengthening the India-Indonesia Comprehensive Strategic Partnership.
Moody's assigns L&T 'Baa1' issuer rating with stable outlook
Larsen & Toubro secured a Baa1 long-term issuer rating from Moody's Ratings. This investment-grade credit profile reflects the company's strong financial resilience and management. The stable outlook anticipates continued fiscal discipline and healthy operating margins. L&T Hydrocarbon Saudi Company also received a matching Baa1 rating from Moody's. This reflects the subsidiary's integration and the strategic importance of West Asia operations.
DP World's marine services business acquires container vessel to boost coastal shipping capabilities
DP World's Shipping Solutions acquired the container vessel DP World Indus. This acquisition strengthens its coastal shipping capabilities within the domestic Indian market. The vessel supports cargo movement, reducing road network pressure and promoting sustainable supply chains. DP World's network now spans fourteen ports with a dedicated fleet of ten vessels. This investment aligns with DP World's strategy to enhance India's logistics and maritime infrastructure.
Standard Engineering Technology announces equity investment in GL Hakko, Japan
Standard Engineering Technology (SETL) today announced an equity investment in GL Hakko Co., (GL Hakko) Japan, a manufacturer of glass-lined process equipment. GL Hakko is a member of the AGI Group, which is SETL's technology partner and, as a group, its second-largest shareholder after the promoters.