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Sohum Asset CIO backs HDFC Bank, calls recent concerns temporary, sees valuation opportunity
Sohum Asset Managers’ CIO Sanjay Parekh said investor caution stems from uncertainty despite regulatory reassurance and management clarity. He highlighted strong long-term fundamentals, stable growth outlook, and improving merger-related metrics. Parekh expects sentiment to normalise soon, with institutional investors likely to stay steady. He maintains a positive stance and continues to hold and add to the stock at current levels. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
UltraTech to pick up 26% in Sunsure Solarpark Seven
UltraTech Cement is set to acquire a significant stake in Sunsure Solarpark Seven. This move aims to secure green energy for UltraTech. The acquisition will help optimize energy costs and meet regulatory demands. The deal is expected to be finalized within 180 days. This strategic investment underscores UltraTech's commitment to renewable energy.
Cabinet approves Rs 2,585 crore Small Hydro Power Development Scheme
The Union Cabinet has approved a Rs 2,585 crore scheme to boost small hydro power development. This initiative aims to add 1,500 MW of renewable capacity by 2030-31. Projects will be run-of-river, avoiding dams and displacement. The scheme is expected to attract Rs 15,000 crore in investment, creating clean energy and boosting the nation's renewable capacity.
Quest Investment CIO sees financials outperforming IT
Rakesh Vyas, CIO & Portfolio Manager at Quest Investment Managers, says markets may stabilise as energy risks ease and valuations turn supportive, though FII selling remains a drag. He stays positive on India’s earnings outlook but cautious in the near term. IT faces AI-led uncertainty despite selective opportunities, while financials and NBFCs look stronger on improving credit growth and consumption trends.
Data centre boom brightens engineering job prospects—100,000 new jobs likely
As AI, data localization and tax sops spur investment in India’s data centre industry, the sector is seen generating over 100,000 new engineering jobs in the coming years, offering a potential cushion against slowing hiring across the IT services sector.
ReNew Energy Global receives $95 million equity investment for Indian C&I platform By Investing.com - Investing.com
ReNew Energy Global receives $95 million equity investment for Indian C&I platform By Investing.comInvesting.com
HMEL to invest Rs 2,600 cr in speciality, fine chemicals sector in Punjab: LN Mittal
HPCL-Mittal Energy Limited (HMEL) announced a Rs 2,600 crore investment in Punjab's speciality and fine chemicals sector. Additionally, HMEL plans to launch 500 new retail fuel outlets nationwide, equipped with modern technology. This expansion follows HMEL's significant Rs 60,000 crore investment in its Bathinda refinery, Punjab's sole oil refinery.
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.
Ashok Leyland to invest up to Rs 500 cr in battery pack manufacturing unit
In a bold step towards sustainable transportation, Ashok Leyland has announced a substantial investment of Rs 500 crore for a state-of-the-art battery pack production facility on the outskirts of Chennai. Following a successful groundbreaking ceremony, this initiative not only bolsters their ambitions in the electric vehicle sector but also aligns with India's commitment to achieving net-zero emissions.
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.
Arnya Real Estate, Supreme Universal raise Rs 1,000 cr real estate equity fund
Arnya Real Estate Fund Advisors and Supreme Universal have successfully raised over Rs 1,000 crore. This capital will fund redevelopment projects in Mumbai and Pune. The fund targets Rs 1,250 crore and focuses on equity investments. This initiative brings institutional discipline to redevelopment projects. It combines Arnya's investment expertise with Supreme Universal's execution capabilities.