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Motilal Oswal prefers Amber and Dixon, stays cautious on Bata
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, remains cautious on Bata despite the appointment of a new CEO, citing market share losses and valuation concerns. He is positive on Amber Enterprises due to its Oppo manufacturing partnership and expects mobile operations to contribute meaningfully from FY28-FY29. He also sees upside in Dixon Technologies driven by the proposed Vivo joint venture. For Reliance Industries, easing inflation, strength in oil-to-chemicals and updates from the AGM remain key factors for investors. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Govt targets 69% jump in FY27 rural road construction
India plans to construct 26,474 kilometers of rural roads this financial year. This target marks a significant 69% increase in road building. States are urged to speed up the completion of unconnected habitations. The government is investing ₹19,000 crore in the Pradhan Mantri Gram Sadak Yojana. Focus remains on quality and long-term sustainability of these vital rural road networks.
UPL Share Price Live Updates: UPL Financial Snapshot
Waaree Energies secures order to supply 800 MW solar modules
The order is a one-time contract for the supply of 800 MW solar modules from a domestic entity, and is scheduled to be executed over the financial year 2026-27, Waaree Energies said.
Long-awaited NSE IPO set to advance; draft papers likely next week
The long-awaited initial public offering (IPO) of the National Stock Exchange (NSE) is set to move a step closer, with the country's largest stock exchange expected to file its preliminary papers with Sebi next week, people aware of the matter said. This comes after NSE's board approved the proposed IPO on February 6, following receipt of Sebi's no-objection certificate (NOC). The public issue will be entirely an offer for sale (OFS), with no fresh issue component. According to people familiar with the development, the draft red herring prospectus (DRHP) is likely to be filed on June 15 or June 16. The exchange has a broad-based shareholder base comprising domestic financial institutions, insurance companies, foreign investors and individual shareholders. Life Insurance Corporation of India (LIC) is the single largest shareholder in NSE, holding a 10.72 per cent stake. State Bank of India (SBI) and its subsidiary, SBI Capital Markets, together own around a 7.5 per cent stake in t
Consumers who gave up subsidy can use Non-DCR equipment to install rooftop solar at homes
Residential consumers can now use non-DCR solar modules for rooftop installations under the PM Surya Ghar scheme. This applies to those who opt out of central financial assistance. The exemption is valid until March 31, 2027. These consumers must apply through the PMSG National Portal. This move aims to boost domestic solar production and competitiveness.
ACME Solar raises ₹2,800 crore through QIP; check the list of allottees
The successful completion of the QIP is expected to strengthen Acme Solar's balance sheet by lowering leverage and providing additional financial flexibility to support future growth plans.
India crosses 41 lakh household-mark under rooftop solar scheme, to touch 75 lakh in Dec: Joshi
India is set to reach 75 lakh rooftop solar households by December under the PM Surya Ghar Muft Bijli Yojana, a significant jump from the current 41 lakh. The scheme, launched in February 2024, aims to install rooftop solar on one crore households, providing free electricity and financial assistance.
Tenneco Clean Air up 4%; JM Fin sees 19% upside, bets on strong order book
JM Financial has reiterated its 'Buy' rating on Tenneco Clean Air India, saying a strong order book gives earnings visibility. The brokerage maintained its target price of ₹680 per share.
AksharChem (India) Ltd leads gainers in 'B' group
Jeena Sikho Lifecare Ltd, JHS Svendgaard Retail Ventures Ltd, Emkay Global Financial Services Ltd and John Cockerill India Ltd are among the other gainers in the BSE's 'B' group today, 03 June 2026.
Avaada secures $950 million from global, domestic Banks
Avaada Group has achieved a major milestone. The company announced financial closure for its firm and dispatchable renewable energy project in Bikaner. This marks India's largest fundraise in the segment. Avaada also secured debt financing for two 300 MW solar power projects in Rajasthan and Gujarat.
Avaada Group secures $950 million financing from consortium of global and domestic banks
Avaada Group has achieved financial closure for its Firm and Dispatchable Renewable Energy (FDRE) project in Bikaner, Rajasthan, calling it India’s largest financing transaction in the FDRE segment. The company has also secured debt financing for two 300 MW solar projects in Rajasthan and Gujarat, taking total debt sanctions across the three projects to nearly $950 million.