Market News

Stocks in news: Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor

Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.

DCM Shriram okays ₹217-cr investment in Gujarat's Bharuch renewable power project

The investment will enable the company to obtain around 48 MW of additional renewable power supply for the Bharuch plant, including about 30 MW of round-the-clock power at a 75% capacity utilisation factor. Shares of DCM Shriram Ltd ended at ₹1,018, up by ₹28, or 2.83%, on the BSE today, March 12.

Trump announces Reliance’s investment in new US refinery, Mukesh Ambani firm stays silent

Shares of India’s most valuable company dipped after President Donald Trump touted Reliance Industries’ involvement in a $300 billion US refinery, even as the company declined to confirm its role and experts questioned the deal’s scale.

Trump announces Reliance investment in new US oil refinery; calls $300bn Texas deal as historic

Karnataka plans airport in Kalyana Karnataka to serve Ballari, Vijayanagara, Koppal districts

Karnataka is exploring a new airport for its northern Kalyana Karnataka region. The proposed facility aims to serve Ballari, Vijayanagara, and Koppal districts. This move follows past attempts and aims for economic viability. Discussions are ongoing with stakeholders. Investment talks are also progressing in Vijayapura district with companies like Campa Cola and Suzlon Energy.

ONGC, Oil India remain tactical buys amid high crude prices; policy risk may rise: ICICI Securities

ONGC and Oil India remain tactical investment ideas if crude prices stay elevated, said Probal Sen, Energy Analyst at ICICI Securities. He noted that even realisations of $75–$80 per barrel would be positive for upstream companies. However, if oil sustains above $100 per barrel for a prolonged period, the probability of government intervention could increase. Sen added that authorities may explore measures to limit gains for producers to ease pressure on consumers.

Reliance Retail Limited acquires beauty and wellness brand 'Pahadi Local'

Reliance Retail has made a significant investment in the beauty and wellness sector by acquiring Pahadi Local, a brand that embodies the essence of Himalayan beauty with its sustainable products. This acquisition not only bolsters Reliance's efforts in elevating homegrown brands but also furthers Pahadi Local's mission of supporting women-led self-help initiatives.

Kolkata Port signs agreement with East Horizon for Rs 260 crore FSRU project at Haldia

Syama Prasad Mookerjee Port, Kolkata will soon have a Floating Storage and Regasification Unit at Haldia Dock Complex. East Horizon Pvt Limited will establish this facility. The project involves an investment of approximately Rs 260 crore. This will boost LNG handling capabilities in eastern India. It will also support cleaner energy infrastructure development and strengthen the national gas supply chain.

Watch | Buy the dip, says Emkay’s Manish Sonthalia; PSU banks, autos & metals in focus

Manish Sonthalia, CIO of Emkay Investment Managers, says geopolitical dips are buying opportunities, as markets typically recover within 6–9 months. He is deploying fresh flows into autos, financials, pharma, consumer durables, power transmission and select defence. He favours PSU banks over private lenders on valuations and sees AI driving demand for critical minerals, metals and energy. IT remains underweight while India could attract inflows as stability returns.

GAIL to invest Rs 1,736 crore in wind power project in Maharashtra

State-run GAIL (India) Ltd has approved an investment of Rs 1,736.25 crore to set up a 178.2 MW wind power project in Maharashtra, expanding its renewable portfolio as it targets net zero carbon emissions by 2035. The project will add to its existing wind and solar capacity. GAIL aims to raise renewable capacity to 3.4 GW by 2035 and is also investing in green hydrogen and compressed biogas.

Stocks to Watch for February 25: PowerGrid, Dr Reddy's Labs, Hindalco, Waaree Energies and more

From robust earnings at Schaeffler India and fresh investment headroom for PowerGrid to regulatory relief for Dr. Reddy’s and key updates from Hindalco, Waaree, RVNL and Hexaware, here are the stocks likely to stay in focus ahead of Wednesday’s trading session.

Temasek, ADIA said to plan investing in Clean Max’s India IPO

Temasek Holdings Pte and Abu Dhabi Investment Authority plan to invest in Clean Max Enviro Energy Solutions Ltd.'s IPO, alongside HDFC Asset Management Co. Ltd and SBI Life Insurance Co.