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Hero MotoCorp lines up Rs 1,500 crore capex for FY27 to double scooter production capacity
Hero MotoCorp plans a significant Rs 1,500 crore capital expenditure for fiscal year 2027. This investment aims to double its scooter production capacity. The company is also building a global parts centre in South India with an investment exceeding Rs 700 crore. Demand momentum remains strong despite global uncertainties.
Aditya Birla Group to invest $500 million in Vodafone Idea as revival signal strengthens
Aditya Birla Group is injecting ₹4,730 crore into Vodafone Idea (Vi) through a preferential allotment, bolstering the telecom operator's financial standing. This capital infusion follows Kumar Mangalam Birla's return as chairman and aims to support Vi's efforts to compete with rivals Reliance Jio and Bharti Airtel.
TCS to Infosys, OFSS: Top IT stocks announce massive dividends in Q4FY26 despite AI-led headwinds
Despite mixed global demand, major Indian IT firms like TCS and Infosys continue to reward shareholders with dividends. This earnings season highlighted cash-rich companies committed to returning capital, with varied payout strategies amidst economic uncertainties.
INR hits record low beyond 96 per dollar mark during intraday moves
The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee. Indian shares also reversed early gains to end modestly lower on Friday as Hormuz concerns persisted and the Trump-Xi summit yielded little progress on the war in Iran. The domestic currency has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts. Global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Ola Electric to invest Rs 2,000 crore in EV, battery cell units
Ola Electric Mobility's board has approved a significant Rs 2,000 crore investment. This capital will bolster its electric vehicle and battery cell manufacturing arms. The company aims to strengthen its EV ecosystem and scale operations. Investments will be made into Ola Electric Technologies and Ola Cell Technologies. These funds will support business requirements and future growth.
Artificial Intelligence: Why it’s a productive, not destructive, force for capital markets
Artificial intelligence is rapidly transforming capital markets by automating trading, research and portfolio management functions once handled manually. While AI is improving efficiency and productivity across finance, experts believe human judgment, relationships and strategic decision-making will remain essential in investment banking, sales and client advisory roles.
Shoppers Stop Senior Management to Participate in 360 ONE Capital TRINITY INDIA 2026 Investor Conference - scanx.trade
Shoppers Stop Senior Management to Participate in 360 ONE Capital TRINITY INDIA 2026 Investor Conferencescanx.trade
Exclusive: Promoter-backed fund raise on cards for AB Capital
Source told CNBC-TV18 that Aditya Birla Capital may soon raise ₹4000-₹5000 crore via preferential issue and QIP with promoter and institutional participation. Vodafone Idea to also consider fundraise on May 16.
'Victory For Adani Group': Experts Say US Case Closure 'Opens Doors For Global Capital'
Adani Enterprises share price has rallied 12% in the past five sessions. Group stocks like Adani Green, Adani Power etc are also up 7% and 4% respectively in this period.
Fuel Price Woes: Rs 3/Litre Jump Falls Short, Future Hikes Seen As 'Moving Target': Experts Weigh In
Petrol price was hiked to Rs 97.77 per litre from Rs 94.77 in the national capital on May 15.
IHC becomes promoter and controlling shareholder of Sammaan Capital
IHC is one of the world's largest listed investment companies, with a market capitalisation of approximately USD 232 billion and total assets of USD 117 billion, with a presence across 100+ countries. India is one of IHC's top two global strategic markets, and Sammaan Capital is the anchor of Avalora Holdings, IHC's dedicated international financial services platform a positioning that reflects IHC's long-term commitment to India and to Sammaan Capital as its flagship Indian financial services investment.
Adani Enterprises shares hit 52-week high after equity ₹1,435 crore changes hands in block deal
As many as 6.4 lakh retail shareholders or those with authorized share capital of up to ₹2 lakh, have a 3.07% stake in Adani Enterprises at the end of the March quarter.