Market News
Stay updated with the latest market trends, earnings, and economic indicators.
India Cements acquires 12.48% stake in FPEL Services
The acquisition is for the purposes of meeting the Company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws.
UltraTech Cement buys stake in renewable energy firm to cut power costs
UltraTech Cement Ltd has entered into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to acquire a 13.99% equity stake in FPEL Services Pvt. Ltd., a company engaged in the generation and transmission of renewable energy through wind power.
The curious case of Rajesh Mehta’s ‘ ₹50,000 crore’ battery business
An investment of ₹1,250 crore by the three funds over three years explains the steep valuation of Elest, a company that has no operations but has agreed to supply land, machinery and technology for ACC Energy Storage Pvt. Ltd, the battery business of publicly listed Rajesh Exports
Adani Group to acquire NIIF-EESL smart-metering joint venture IntelliSmart for ₹3,050 crore
The acquisition will cement Adani Energy Solutions' position as India's largest smart-metering platform
Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entries
Rajesh Exports Chairman Rajesh Mehta refutes SEBI's fund diversion claims. He states accounting entries were misunderstood. The company faces potential removal from the Rs 18,100 crore ACC Production-Linked Incentive scheme. SEBI's order flagged a circular fund-routing scheme. The company's participation in the battery manufacturing programme is under review.
Stocks to Watch for June 9: NLC India, RVNL, Bharti Airtel, Vodafone Idea and more
From RVNL securing a ₹221 crore EPC contract to JSW Energy commissioning a wind blade manufacturing facility in Gujarat and Grasim approving a ₹3,094 crore expansion of its Lyocell business, here are the stocks set to remain in focus ahead of Tuesday's trading session.
Aditya Birla Group Emerges Front Runner To Buy Shell's Sprng Energy For $1.7 Billion
As part of the process, the Aditya Birla Group will conduct due diligence over the next three to four weeks before deciding on a final agreement.
Aditya Birla Group seen as front-runner in $1.7-billion-plus deal for Shell’s Sprng Energy: report
Aditya Birla Group has emerged as front runner to buy Shells Indian renewable platform Sprng Energy for over $1.7 billion, edging KKR, though talks remain ongoing and non-binding.
Qatar Holding sells 0.4% stake in Adani Energy; Birla MF buys for ₹644 cr
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for Rs 643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of Rs 1,339 apiece, taking the deal value to Rs 643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at Rs 1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at Rs 723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of Rs 714 crore in the ...
Adani Energy sees ₹644 cr block deal; Birla MF takes 0.4% stake from Qatar Holding
Qatar Holding sold 0.4 percent in Adani Energy Solutions to Birla Mutual Fund for 644 crore, Adani Energy profit rose 5.7 percent, FY26 EBITDA and income hit record highs
Buy, Sell Or Hold: Hitachi Energy, JK Tyre, Aditya Birla Capital, PNB, Maruti Suzuki, GAIL — Ask Profit
Buy Sell Hold
Carbon-free, calcium-rich basalt may help reduce emissions from cement industry by 80 pc: Study
A groundbreaking study suggests a revolutionary shift in cement production could slash carbon emissions by over 80%. Researchers propose using carbon-free silicate rocks like basalt instead of limestone, potentially requiring less energy and utilizing existing technologies. This innovation offers a significant pathway towards achieving net-zero targets for the cement industry.