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Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
SBI Ventures to manage Rs 20,000 crore Maritime Fund
SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. This initiative, backed by government equity, aims to attract private capital for the maritime sector's growth. The fund will operate as a trust and be registered with SEBI, focusing on a blended finance model to boost long-term, affordable capital availability.
Private banks top pick for FY27; RBI rate hike likely in second half of the year: ICICI Pru Life
Jitendra Arora, Chief Equity & Fund Manager at ICICI Prudential Life Insurance, says large private banks are his top sector bet for FY27, with an RBI rate hike likely in H2. He also likes power generation and select EPC stocks. On the broader market, he says domestic flows are acting as a buffer against FII selling, keeping indices range-bound. On metals, he advises holding existing positions but not adding fresh. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Suzlon Energy Ltd gains for third straight session
Suzlon Energy Ltd is quoting at Rs 54.43, up 1.8% on the day as on 12:49 IST on the NSE. The stock is down 10.89% in last one year as compared to a 4.94% slide in NIFTY and a 12.15% slide in the Nifty Energy index.
Dalal Street set for negative opening as GIFT Nifty trades lower
Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are in F&O ban. Foreign investors bought shares.
Quality Power shares fall after Q4 margin contracts despite strong revenue growth
Quality Power's margins witnessed a sharp contraction in the fourth quarter due to a one-time labour cost and consolidation of lower margin subsidiaries. Its EBITDA margin contracted to 10.5% from 14.84% in the year-ago period.
Siemens eyes exit from cancer care chain American Oncology Institute
Siemens Healthineers is exiting its Indian cancer care chain, American Oncology Institute. The deal is valued between ₹1,500-2,000 crore. Private equity funds and Healthcare Global Enterprises are potential bidders. AOI operates 16 hospitals in India and one in Sri Lanka. This move aligns with Siemens Healthineers' broader strategic reviews. The Indian cancer care market is experiencing significant growth and investment.
Tata Power Company Ltd down for fifth straight session
Tata Power Company Ltd is quoting at Rs 410.5, down 1.89% on the day as on 13:19 IST on the NSE. The stock jumped 3.41% in last one year as compared to a 4.71% slide in NIFTY and a 13.91% spurt in the Nifty Energy index.
Unique Picks: 6 stocks held by only one MF scheme in April, falling up to 40% in CY26
An analysis of mutual fund portfolios revealed 29 stocks held exclusively by single schemes, with most underperforming in CY26. However, Satin Creditcare Network, Rossell Techsys, and Amanta Healthcare bucked the trend, delivering strong returns. Brooks Laboratories and EFC (I) were among those experiencing significant declines.
Polycab shares rise 6% as HSBC raises price target to ₹9,500; Here are key upside triggers
HSBC said its execution-driven market share gains in wires and cables and the FMEG margin expansion is set to drive an estimated 20% earnings per share (EPS) compound annual growth rate (CAGR) for Polycab over financial year 2026-2029.
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Bharat Dynamics, Max Financial shares to buy - 7 May - Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Bharat Dynamics, Max Financial shares to buy - 7 MayMint
Suzlon Energy Ltd slips for fifth straight session
Suzlon Energy Ltd is quoting at Rs 53.48, down 2.5% on the day as on 13:19 IST on the NSE. The stock tumbled 2.23% in last one year as compared to a 1.44% slide in NIFTY and a 19.65% spurt in the Nifty Energy index.