Market News
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NCLT admits insolvency plea against Prime Focus over Rs 353.79 crore claim, company challenges order in NCLAT
The National Company Law Tribunal has admitted an insolvency petition against Prime Focus Ltd. Reliance Alpha Services Pvt Ltd filed the petition. Prime Focus is disputing the claim. The company has approached the National Company Law Appellate Tribunal for relief. Prime Focus's business operations continue as usual. The company is involved in global VFX and post-production services.
Midcap index scales all-time high despite flat close for benchmarks
Strong domestic participation and improving global risk sentiment lifted midcap stocks to record highs, even as benchmark indices closed largely unchanged
Gold rate up amid focus on potential US-Iran peace deal; dimming US Fed rate cut hopes cap gains
Gold rate rose on MCX on Thursday morning. The big relief for gold traders is the prospects of a peace deal between the US and Iran, which can lead to the reopening of the Strait of Hormuz, a critical waterway for global oil trade.
Stock Market LIVE: GIFT Nifty signals flat start; Asia markets trade higher; US-Iran talks in focus
Sensex Today | Stock Market LIVE Updates Thursday: The GIFT Nifty indicated the Nifty50 may open on a muted note amid mixed global cues
Stocks in news: BSE, Britannia, Paytm, Meesho, RIL
Indian markets showed resilience, climbing despite volatility, buoyed by positive global trends and falling crude oil prices. Analysts anticipate further gains, targeting 24,550 and 24,750. Key companies like BSE, Britannia, and Paytm are in focus due to quarterly results and significant news, including Zee Entertainment's lawsuit and Hyundai's commitment to India.
Change in politics, not geopolitics: Markets to focus on US-Iran conflict as state election dust settles, says Kotak
Indian stock markets will likely ignore recent state election outcomes. Instead, investors will focus on global geopolitical risks and corporate earnings. The central government's agenda is expected to remain largely unaffected. Geopolitical concerns, particularly the West Asia conflict and its impact on crude oil prices, are a primary focus. Corporate earnings have been decent, supporting the market.
India’s grid bottleneck forces ReNew Energy to waste solar power, threatening profits
India's power grid struggles to handle excess solar energy. ReNew Energy Global Plc faces power curtailment, affecting earnings. The company is investing in battery storage to balance supply and demand. Rising costs from global events add to challenges. Future projects will focus more on solar power.
From Chips to Champions: How AI propelled Samsung to $1 trillion club
Samsung Electronics’ rally is being driven by strong AI-led demand for memory chips, boosting earnings and investor sentiment. The semiconductor division remains the key growth driver amid global supply constraints. However, challenges persist in smartphones, while sustained investments in AI chip capacity will be critical for long-term leadership.
Reliance Industries shares in focus as Mukesh Ambani eyes satellite foray to take on Starlink
Reliance Industries is evaluating a multi-billion-dollar entry into satellite communications, focusing on low Earth orbit networks under Jio Platforms. The initiative aims to strengthen India’s strategic capabilities amid rising global competition, with discussions underway on technology partnerships, orbital slots and potential acquisitions as the company explores long-term opportunities in future.
Stocks in news: Paytm, Bajaj Auto, L&T, Bharti Airtel, Hero MotoCorp
Markets closed lower amid global headwinds and geopolitical worries. Several companies like Paytm, Bajaj Auto, and L&T are in focus due to Q4 results and news developments. Hero MotoCorp reported strong Q4 earnings, while L&T saw a profit decline but recommended a dividend. Bharti Airtel is exploring network slicing for premium services.
Julius Baer names interim India country head as Papneja departs
Julius Baer has appointed Kunal Sumaya as interim country head for India. He will replace Umang Papneja, who is leaving after four years. Papneja will stay until July. Julius Baer is expanding its presence in India, a key growth market. Sumaya, with 17 years at the firm, will focus on onshore growth and the global Indian client base.
CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay Monda
CSB Bank, a lender backed by Prem Watsa, is adopting a cautious stance on gold loans following global uncertainties. The bank intends to shift its focus towards wholesale and small business lending. Having completed its digital transformation, CSB Bank is now poised to expand its product offerings.