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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
Cement capacity race with Birla group may ease as Adani shifts focus to margins
The rivalry between the Adani Group and the Aditya Birla Group’s UltraTech Cement Ltd has resulted in rapid manufacturing capacity expansion. In the last three-and-a-half years, the two conglomerates have added nearly 120 mtpa of cement manufacturing capacity between them.
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
MFs pull back: Stakes cut in 11 smallcap stocks in Q3 after two quarters of buying
Mutual funds have sold shares in 67 BSE small-cap companies. This move follows two quarters of buying. Many of these stocks have seen their prices drop significantly this fiscal year. Some have gained substantially. However, the focus is on the major losers. This shift in mutual fund strategy warrants investor attention.
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.
Dixon Tech shares jump 6% after nod to HKC JV; Nomura bets on margin expansion
The company's wholly-owned subsidiary Dixon Display Technologies Pvt. Ltd. (DDTPL) will be converted into a joint venture (JV), with Dixon holding 74% stake and HKC having the remaining 26% of the equity.