Market News
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NBCC gains on securing Rs 159-cr orders for Education Infrastructure Projects in Odisha
NBCC (India) rose 2.30% to Rs 99.25 after it has secured four domestic project management consultancy (PMC) contracts worth a combined Rs 158.95 crore for construction of education infrastructure projects in Odisha.
HCLSoftware completes Jaspersoft acquisition, expands AI and data business
The acquisition brings Jaspersoft's analytics platform, around 1,000 customers and 90 global partners into HCLSoftware's data and AI business, as the company looks to expand its artificial intelligence offerings.
Education Ministry in discussions to ease 1-km norm for EWS admissions
The education ministry is urging states to update Right to Education Act rules. This action follows Supreme Court orders for better implementation of the EWS quota. High-level discussions are also underway for neighborhood school criteria flexibility. States are being asked to frame RTE rules as per the Supreme Court's directives.
HSBC inks pact with Prestige Group to pre-lease 1.2 million sq ft office in Bengaluru
Global banking giant HSBC has secured a massive 1.2 million sq ft office space in Bengaluru's Prestige JRC Signature Towers. This significant deal, valued at over Rs 3,000 crore for a 20-year lease, highlights Bengaluru's appeal for multinational financial firms. The under-construction campus, set for completion in October 2027, underscores the strong demand for integrated, high-quality office spaces in India's tech and finance hub.
Kalpataru Projects International bags orders worth Rs 2,957 crore
Kalpataru Projects International has secured new orders totaling Rs 2,957 crore across its Transmission & Distribution, buildings, and water segments. This includes a significant entry into the Middle East water business via a joint venture. The company's MD & CEO expressed confidence in achieving growth targets, citing a strong, diversified order book and robust business visibility. These wins reinforce KPIL's market leadership in India and select global markets.
AI-led productivity will keep US dollar strong; Fed likely on hold through 2026: Standard Chartered
Steven Englander, Managing Director - Global Head of G10 FX Research, and North American Macro Strategy at Standard Chartered Bank explains why structural factors, not the economic cycle, are driving the US dollar. He discusses the Fed's rate outlook, long-term interest rates, capital flows, emerging markets, India's rupee and what could trigger a sustained decline in the dollar.
Raymond James strategist sees India as a value allocation; likes financials, energy
Matt Orton, Chief Market Strategist, Raymond James Investment explains why he remains constructive on global equities despite US-Iran tensions, shares his outlook on the Magnificent Seven, Federal Reserve policy, and highlights financials, small caps and India as attractive investment opportunities.
Raymond’s aerospace vertical growth outpaces precision engineering business
Driven by global supply-chain diversification, JK Maini Global Aerospace is clocking a 25% expansion rate and has locked in a ₹2,350-crore order pipeline over the next five years.
Embassy Developments to invest Rs 1,500 cr to build 3mn sq ft office space in Bengaluru: MD Aditya Virwani
Embassy Developments is investing Rs 1,500 crore to build a 3 million sq ft office complex in Bengaluru, aiming to boost rental income from commercial assets. This move complements their strong residential business, with plans to launch Rs 20,000 crore worth of homes this fiscal. The company sees robust demand for prime office spaces, particularly from foreign firms establishing Global Capability Centres in India.
IIT Bombay, New York University announce collaboration in engineering education, research
IIT Bombay has teamed up with the State University of New York Old Westbury to enhance education and research in science and engineering. This partnership will delve into cutting-edge areas like artificial intelligence, aiming to establish collaborative programs and research projects.
BEML secures additional export order worth USD 5.35 million from West Asia
BEML Ltd has secured a significant USD 5.35 million export order for heavy earthmoving equipment from West Asia, building on a previous USD 36.38 million contract. These robust machines, designed for demanding mining and infrastructure projects, boast advanced engineering and operator safety features. BEML will also provide comprehensive maintenance and lifecycle support, underscoring their commitment to global customer satisfaction and expanding their international presence.
Raymond eyes precision engineering, in talks to buy German aerospace supplier Deharde
Raymond's move, if successful, would mark its first overseas acquisition post-restructuring and bolster its aerospace manufacturing capabilities. Deharde, a supplier to Airbus, brings established European operations and crucial OEM relationships, aligning with India's growing role in global aerospace supply chains.