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IRB Infra Trust offers to sell two BOT highway assets worth Rs 4,663 crore to IRB InvIT Fund
IRB Infrastructure Trust has offered two of its revenue-generating highway assets, valued at approximately Rs 4,663 crore, to IRB InvIT Fund. The non-binding offer includes the Solapur Yedeshi NH211 and Chittorgarh Gulabpura NH79 BOT Assets, totaling 1,144 Lane km. This move aims to fund future opportunities and enhance IRB InvIT Fund's asset portfolio.
India rupee slips to record low near 96 per USD as energy risks deepen
The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.
Gold-Silver ratio falls below 55. What does it signal about gold and silver prices? Which precious metal should you buy
The gold-silver ratio has fallen below 55 amid volatility in precious metals. Silver's recent rally contrasts with gold's record prices, prompting investors to reassess their positions. Tata Mutual Fund expects the ratio to rise towards 68, driven by demand for gold amid geopolitical tensions.
Dipan Mehta on Kaynes, Airtel, MTAR: Why corrections could be buying opportunities
Dipan Mehta, Director at Elixir Equities, believes sharp corrections in quality growth stocks can create buying opportunities, even after disappointing earnings. He remains positive on Kaynes Technology India despite weak quarterly numbers, citing a strong order book and semiconductor plans. He also likes Bharti Airtel and remains optimistic about AI-focused firms like Fractal Analytics and renewable energy player CleanMax Enviro Energy Solutions. Disclaimer: The views and investment tips expressed by investment experts on CNBC-TV18.com are their own and not those of the website or its management. CNBC-TV18.com advises users to consult certified experts before making any investment decisions.
Energy Infrastructure Trust consolidated net profit rises 52.53% in the March 2026 quarter
Sales rise 3.84% to Rs 1001.79 crore
Q4 Results On May 14: HAL, Tata Motors PV, JSW Steel, Vishal Mega Mart Among Others To Declare Results
IRFC, Voltas, P N Gadgil Jewellers, Muthoot Finance and Siemens Energy India are among the key companies to declare Q4FY26 results on Thursday.
Coal Gasification Scheme worth Rs 37.5k cr cleared to fortify energy security
Financial support to developers will be provided at a maximum of 20% of the cost of plant and machinery through a competitive bidding process, where incentives will be disbursed in four equal instalments linked to project milestones. The incentive for a project will be capped at Rs 5,000 crore and for any single product, except synthetic natural gas and urea, will be capped at Rs 9,000 crore. Incentive for a single entity group will be capped at Rs 12,000 crore across all projects.
Benchmarks snap 4-day losing streak; Nifty settles above 23,400
Domestic equity benchmarks Sensex and Nifty snapped a four-session losing streak to close higher on Wednesday, aided by value buying in beaten-down stocks. Market recovered from early volatility and profit booking to rebound sharply from intraday lows, with the Nifty settling above the 23,400 mark. Gains were led by metal, consumer durable and energy shares, while IT and auto stocks remained under pressure. However, overall sentiment stayed cautious amid elevated crude oil prices, persistent foreign institutional investor outflows, rupee weakness and lingering global inflation concerns. The Indian rupee also touched a fresh intraday record low of 95.80 against the US dollar.
Russia to fulfil all agreements on energy supply to India: Russian FM Lavrov
Russian Foreign Minister Sergey Lavrov has assured India that energy supply agreements will be completed. He stated that relations between Russia and India are based on deep friendship. Lavrov praised Prime Minister Narendra Modi as an energetic leader. He pledged that unfair competition will not harm their energy deals.
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.
Schaeffler India opens computational research infrastructure at FSID, IISC
Schaeffler India has announced the opening of a computational research infrastructure at the Foundation for Science Innovation and Development (FSID), Bengaluru. Part of Schaeffler India's purposeful engagement with IISC, premium research academia, this supported facility strengthens research capabilities by enabling HPC (High- Performance Computing) large-scale simulations, data-intensive modelling and advanced analytics across materials, energy systems, and sustainable mobility. Additionally, these improvements will foster stronger industry collaborations, improved research quality and efficiency, and increased relevance of research in industry projects.
Tata Power shares crash 7% after Q4. What are Goldman Sachs and Motilal Oswal saying?
Tata Power shares dropped after its Q4 FY26 profit declined. Revenue also saw a year-on-year decrease. However, the company's renewable energy segment and solar manufacturing business showed significant growth. Brokerage firms provided varied outlooks, with some recommending 'Buy' and others 'Sell', citing different growth drivers and risks.