Market News
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Tata Motors bags orders for over 5000 buses and chassis
Tata Motors has secured significant supply orders for over 5,000 buses and chassis from various state transport undertakings nationwide. These diverse orders, including Magna and Starbus models, will be deployed across multiple states for intercity and intracity operations. This achievement underscores Tata Motors' leading role in shaping India's public transportation future.
Nifty IT hurtles toward historic 8-week bloodbath: AI death knell or ultimate bear trap?
Indian IT stocks are experiencing an unprecedented losing streak. This has wiped out significant market value and ignited a debate about artificial intelligence's future impact. Some investors see a major buying opportunity amid the sell-off. Foreign investors have exited, but one large mutual fund is aggressively buying. Analysts are divided on the sector's outlook.
Govt approves 104 projects worth Rs 271 crore for 6G tech research: Mos Telecom
India is advancing towards 6G technology. The government has approved 104 projects valued at Rs 271 crore for research and development. This initiative is part of the Bharat 6G Vision, aiming to position India as a global leader by 2030. The government is also establishing 5G Use Case Labs and supporting test beds to foster innovation and build future capabilities.
CAG's BSNL loss estimate from RJIL deal misinterpreted; rectified now: MoS Telecom
The government has rectified a revenue loss estimate concerning Reliance Jio. The Comptroller and Auditor General's initial calculation of a Rs 1,757 crore loss was based on a misunderstanding of an agreement clause. Bharat Sanchar Nigam Limited has now issued revised invoices to Reliance Jio Infocomm Limited. This action aims to recover potential losses and prevent future discrepancies.
Silver rate today slips marginally on softer dollar, falling oil prices: Should you buy amid current volatility?
Silver rates declined on March 11 due to investor caution amid the US-Israel-Iran war, with gold benefiting from easing oil prices and a weaker dollar. Geopolitical tensions are disrupting oil supply, contributing to ongoing market volatility and uncertainty over future interest rates.
Should You Buy IndiGo After CEO Peter Elbers' Exit? Here's What Brokerages Are Saying
Pieter Elbers is leaving the airline due to 'personal reasons' months after a massive operational crisis. Brokerages are now weighing in on IndiGo's future as co-founder Rahul Bhatia takes interim charge.
Sufficient fertilisers now, but problems may arise if West Asia conflict prolongs: Official
India currently possesses adequate fertilizer supplies. However, a prolonged conflict in West Asia may disrupt future crop seasons. Fertilisers and Chemicals Travancore Limited (FACT) assures farmers of continued supply. The company holds substantial raw material reserves. FACT is committed to meeting all agricultural needs. This ensures uninterrupted fertilizer availability for upcoming seasons.
Asian Paints bets on brand strength, regionalisation
Asian Paints is facing unprecedented competition in the paint sector. The company has strategically focused on regional branding and product innovation to regain market share. CEO Amit Syngle highlights a shift towards sustained marketing and premiumisation. The B2B segment and industrial markets are identified as key growth drivers for the future.
SBI inducts 5,783 junior associates to strengthen branch banking services
State Bank of India has recruited 5,783 junior associates. This hiring strengthens customer service and branch operations. The bank added over 18,000 employees this fiscal year. This is a significant talent induction drive. SBI aims to onboard 16,000 employees annually for future growth. The bank is committed to creating employment opportunities and delivering superior service.
Sensex down 9% from peak— Is it the right time to increase gold allocation amid stock market downtrend?
Experts suggest increasing gold allocation beyond 20% based on risk profiles and market conditions. With geopolitical tensions and rising debt, gold is seen as a strategic hedge. Analysts recommend a gradual approach to investing, and China's gold accumulation supports future prices.
Godrej Properties acquires 11.36 acres in Gurugram for Rs 4,500 crore housing project
Godrej Properties continues its ambitious expansion with the acquisition of an 11.36-acre land in Gurugram, destined for a new residential project that could yield revenues upwards of Rs 4,500 crore. This step into the NCR market enhances their already robust portfolio, ultimately boosting their potential future sales to a remarkable Rs 40,000 crore.
New rules classify highway project failures as catastrophic; to affect contractor ratings & future contracts
New rules define catastrophic failures in highway projects. These failures will impact contractor ratings and future contract awards. Incidents like bridge collapses or pavement failures requiring full replacement are now classified as catastrophic. Implementation agencies must report such events promptly. The National Highways Authority of India has awarded a major ring road project in Odisha to three concessionaires for development.