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BHEL rallies 5%, Tata Power hits 52-week high; what's driving power stocks?
The Ministry of Power outlined a ₹200 trillion ($2.2 trillion) long-term investment roadmap for India's power sector over the next two decades.
Tata Steel shares in focus as firm set to merge Neelachal Ispat Nigam, invest up to $2 billion in Singapore arm
Tata Steel shares will be in focus after the company approved the merger of Neelachal Ispat Nigam and a $2 billion investment in its Singapore arm. It also plans to acquire full control of Medica TS Hospital. The moves aim to streamline operations, support global subsidiaries and enhance long-term growth.
Tata Steel merges Neelachal Ispat Nigam, plans $2-bn investment in Singapore arm
The board sanctioned the merger of Neelachal Ispat Nigam Ltd, with net assets of ₹2,365.81 crore and revenue of ₹5,701.06 crore in FY25. Shares of Tata Steel Ltd ended at ₹195.40, up by ₹8.25, or 4.41%, on the BSE today, March 17.
Raajmarg Infra Investment Trust (InvIT) IPO ends with 6.25 times subscription
The offer received bids for 133.32 crore units as against 21.33 crore units on offer.
85% of bank clients plan to work with non-bank lenders: Report
Corporate and investment banks are losing ground to non-bank financial institutions. Clients demand faster, more transparent, and responsive services. Banks struggle with outdated systems and limited AI adoption. Innovation efforts are not yielding expected revenue or cost savings.
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.
Sigma Advanced System exits non-core pharma investment
With sale of entire stake held in Extrovis AG for a consideration of Rs 137.61 crore
AURUM sells buildings worth Rs 112 cr to fund its AI-led PropTech platforms
The transaction forms part of Aurum PropTech's broader strategic shift toward AI-driven PropTech platforms, with the company committing significant capital toward building advanced artificial intelligence capabilities across the real estate ecosystem. The proceeds from the transaction will further strengthen Aurum's growing AI investment pool and support the accelerated development of intelligent digital infrastructure for the real estate sector.
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.
Raajmarg Infra Investment Trust (InvIT) IPO subscribed 36%
The offer received bids for 7.59 crore units as against 21.33 crore units on offer.
Atlassian layoffs: Software giant cuts 10% of workforce to ‘self-fund AI investment’
Atlassian announced a 10% workforce reduction, affecting 1,600 employees, to boost investments in AI and enterprise sales. Following the news, shares rose by 2%. Co-founder Mike Cannon-Brookes acknowledged the difficult decision in a memo to employees.
Raajmarg Infra Investment Trust (InvIT) IPO subscribed 3%
The offer received bids for 69.55 lakh units as against 21.33 crore units on offer.