Market News
Stay updated with the latest market trends, earnings, and economic indicators.
From Chennai to Abu Dhabi: How Indian manufacturers are breaking into the Middle East’s oil supply chain
Indian engineering firms are now entering the Middle East's oil and gas supply chains. Global energy companies are broadening their supplier choices. This opens doors for Indian manufacturers meeting strict standards. Companies like LSI-MECH Engineers are gaining approval. The Middle East continues energy infrastructure investment. Diversifying vendor bases is a priority for global firms.
Waaree Renewable to acquire 55% stake in Associated Power Structures for Rs 1,225 crore
Waaree Renewable Technologies is gearing up to strengthen its market position with a Rs 1,225 crore acquisition of a 55 percent stake in Associated Power Structures. This deal will officially transform Associated Power Structures into a subsidiary of Waaree by June 15, 2026. Such a substantial investment signifies a transformative moment for the renewable energy landscape.
A three-prong strategy can help India curb energy shock implications: HSBC Economist
India can counter global energy shocks with a three-part plan. This involves supporting small businesses through credit guarantees. It also includes strengthening rural employment with programs like NREGA. Finally, the government should boost public infrastructure investment. This strategy aims to protect growth and incomes amidst rising energy prices and potential supply disruptions.
Apple and CleanMax enter into co-investing partnership for clean energy transition
Apple and CleanMax have entered into a strategic co investment transaction aimed at accelerating decarbonization within India's Commercial & Industrial (C&I) sector through scaled renewable energy deployment.
CleanMax shares in focus after bagging a ₹100 crore investment from Apple for clean energy initiatives
Apple will invest ₹100 crore with CleanMax for 150 MW renewable energy in India, and partner with WWF-India and Acumen on plastic waste, green startups and its 2030 carbon neutral goal
L&T scales down 5-year targets
In a strategic pivot, Larsen and Toubro has recalibrated its ambitious Lakshya Plan 2031, now earmarking an impressive ₹43,000 crore for investment in the forthcoming five years. The adjustments signal a broader order book and highlighted uncertainties in Middle Eastern markets.
Indian Industry Celebrates $20.5 Billion Investment In US; Announce $1.1 Billion Projects
Indian pharmaceutical companies announced plans to invest more than $19.1 billion in the United States, anchored by Sun Pharmaceutical's planned $11.75 billion acquisition of New Jersey-based Organon & Co.
India approves two new semiconductor projects to boost chip ecosystem
The projects, with a combined investment of around Rs. 3,936 crore, will be set up in Gujarat and are expected to generate about 2,230 skilled jobs.
Constructing 15 kilometres bullet train track every month: Ashwini Vaishnaw
India is accelerating bullet train development, constructing 15 kilometers of high-speed track monthly. The first bullet train project is slated for an August opening next year. Future projects will utilize standardized components to boost local manufacturing. Seven new high-speed corridors are planned, spanning nearly 4,000 kilometers and attracting significant investment.
Cabinet approves two new semiconductor units worth Rs 3,936 crore under India Semiconductor Mission
India is set to boost its semiconductor manufacturing. The Union Cabinet has approved two new units, Crystal Matrix Limited and Suchi Semicon, with an investment of over Rs 3,900 crore. Crystal Matrix will produce advanced display components. These projects are part of India's growing semiconductor pipeline. Several semiconductor plants are expected to be ready by 2026 and 2027.
Saint-Gobain to invest $1 billion in India, bets on growth shift
French company Saint-Gobain will invest nearly one billion dollars in India over the next five years. This investment signals a major shift towards emerging markets for growth. India's growing population and urbanisation are key drivers. Saint-Gobain aims to triple its business in India within ten years. The company is expanding its presence in various infrastructure projects across the country.
Defence, energy, data centres to lead India’s $800 billion capex wave: Morgan Stanley
Morgan Stanley has raised its investment rate forecast to 37.5% of GDP by FY2030, up from 36.5% earlier. This translates into incremental cumulative investments of about $800 billion over the next five years, with nearly 60% expected to flow into energy transition, data centres, and defence.