Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Nuvama’s PE arm raises focus on manufacturing, invests ₹200 cr in Chennai-based Val-Met Engineering
Nuvama Private Equity has acquired a minority stake in Val-Met Engineering for ₹200 crore to capitalize on the aerospace and defence manufacturing boom. The investment aims to scale the specialized material supplier into a global player through tech upgrades and international acquisitions.
Execution, order inflows to drive L&T growth; BEL rides defence push: Siddhartha Khemka
India's capital goods sector is experiencing robust growth, fueled by strong order backlogs and increasing project execution across infrastructure, power, and industrial segments. Government focus on development and manufacturing, alongside new-age tech investments, is driving demand. Companies are poised for steady revenue expansion and stable profitability, with key players like L&T and BEL showing strong prospects.
JPMorgan recommends this stock to play the EMS theme and its not Dixon Tech
Barring Dixon, JPMorgan expects every stock within this sector to deliver 20% revenue growth over financial year 2026-2028.
Asia stocks advance tracking US tech gains; Iran conflict, RBA decision in focus - Investing.com India
Asia stocks advance tracking US tech gains; Iran conflict, RBA decision in focusInvesting.com India
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.
Ai+ Smartphone, Optiemus plan ₹125 crore India manufacturing push
Homegrown tech brand Ai+ Smartphone has partnered with Optiemus Electronics to manufacture smartphones and other ecosystem products in India. The companies will jointly invest Rs 125 crore over five years, targeting production of three million smartphones and creating over 1200 jobs. This collaboration aims to boost domestic manufacturing and align with the 'Make in India' vision.
Wipro shares in focus after bagging transformative deal from US-based TruStage, ADR volatility
Wipro's experience innovation arm Designit will also collaborate with the team to reimagine TruStage's tech stack and consumer delivery model.
Explained: How Dixon, Kaynes Tech, others may benefit from latest FDI policy changes
India has eased investment rules for countries sharing a land border, allowing up to 10% foreign ownership in firms via the automatic route. Approvals for specific sectors like electronics components will now be fast-tracked to 60 days, aiming to boost domestic manufacturing and attract capital.
Nazara Tech shares jump 4% as Morgan Stanley acquires stake worth Rs 69 crore via block deal
Nazara Technologies shares surged 4% after Morgan Stanley Asia Singapore Pte acquired shares worth Rs 69.2 crore in a block deal. The gaming company, India's only listed one, reported strong Q3FY26 operational performance with revenue of Rs 406 crore and EBITDA rising 29% year-on-year.
Top Gainers & Losers on Mar 10: Rashtriya Chemicals, Redington, Tejas Networks, Dixon Tech among top gainers - Mint
Top Gainers & Losers on Mar 10: Rashtriya Chemicals, Redington, Tejas Networks, Dixon Tech among top gainersMint
Dixon Tech Shares Surge Following Key Development — Details Inside
Dixon Technologies shares rose over 4% after the government approved its long-awaited joint venture with HKC Overseas for display module manufacturing, prompting Nomura to reiterate a bullish stance on the stock.
Dixon Tech Valuation Still Higher, Says Jefferies Despite 60% Fall — Check Target Price
Jefferies has retained a hold rating on Dixon Technologies with a target price of Rs 11,350, citing elevated valuations and potential pressure on global smartphone shipments despite the stock's sharp correction.