Market News
Stay updated with the latest market trends, earnings, and economic indicators.
JLR projects revenue growth and return to profit in FY27, doubles down on US
Jaguar Land Rover anticipates a strong comeback in financial year 2027. The company projects a 13% revenue increase and a return to profitability. This recovery will be powered by a strategic emphasis on North America, its key growth market. JLR aims for £26 billion in revenue and improved Ebit margins.
JLR projects revenue growth and return to profit in FY27, doubles down on US
Jaguar Land Rover anticipates a strong comeback in financial year 2027. The company projects a 13% revenue increase and a return to profitability. This recovery will be powered by a strategic emphasis on North America, its key growth market. JLR aims for £26 billion in revenue and improved Ebit margins.
Tata Motors PV shares plunge 10% after weaker than expected JLR FY27 guidance
Tata Motors Passenger Vehicles shares dropped significantly. This followed Jaguar Land Rover's investor day where its financial outlook for fiscal year 2027 was revealed. Profitability guidance fell short of analyst expectations. JLR projects revenue growth and improved EBIT margins. North America remains a key focus for future growth. The company plans to invest in new segments and high-potential markets.
Hurdles behind India's supertall buildings & vertical ambitions
India's urban growth is rapid, yet only one building crosses the 300-meter supertall mark. Fragmented regulations and infrastructure gaps hinder taller constructions. Developers face higher costs and extended timelines for supertall projects. While supertalls offer efficient land use, the focus remains on addressing affordable housing and essential urban services for the next two decades.
JSW Energy inks agreement to acquire Maruti Clean Coal and Power for ₹1,400 crore
JSW Energy to acquire 100% of Maruti Clean Coal and Power, adding a 300 MW Chhattisgarh plant toward its 30 GW by FY 2030 goal, pending land and lender approvals
Noida Sports City revival helps developer to launch new projects amid constraints in land supply
Noida is gearing up for a transformation with the revival of its stalled Sports City projects! Thanks to the Supreme Court's recent decision, a massive 20 million sq ft of residential and commercial space will soon be under construction. This development marks a crucial victory for countless homebuyers, with developers collaborating to finalize these projects.
NTPC Renewable Energy to develop 250 MW solar project with BESS in Uttar Pradesh
NTPC Renewable Energy (NTPC REL), a wholly owned subsidiary of NTPC Green Energy, shall be developing a 250 MW Solar Power Project integrated with Battery Energy Storage System (BESS) on vacant defence land at Sitapur, Uttar Pradesh.
Maharashtra govt decentralises land approval powers to speed up projects
Maharashtra's government has boosted the powers of district collectors and divisional commissioners. This move aims to speed up approvals for government land deals. It will help accelerate investment and redevelopment projects across the state. This reform is expected to simplify processes and boost development. It will benefit housing, industrial, and infrastructure projects significantly.
The curious case of Rajesh Mehta’s ‘ ₹50,000 crore’ battery business
An investment of ₹1,250 crore by the three funds over three years explains the steep valuation of Elest, a company that has no operations but has agreed to supply land, machinery and technology for ACC Energy Storage Pvt. Ltd, the battery business of publicly listed Rajesh Exports
850 acres of vacant defence land in Uttar Pradesh to host 250 MW solar power plant
A significant solar power project is set to be established in Sitapur, Uttar Pradesh. Defence Minister Rajnath Singh has approved a 250 MW solar power plant on defence land. This initiative marks a major step in renewable energy adoption. The project will also feature a Battery Energy Storage System.
Rajnath Singh clears 250 MW solar-BESS project on defence land; NTPC to execute
Defence Minister Rajnath Singh has approved a 250 MW solar power project with battery storage on vacant defence land in Uttar Pradesh, marking the Ministry of Defence's first large-scale renewable energy initiative of its kind.
Fadnavis approves 65 MahaRail projects, vows to make Maharashtra a railway level crossing-free state
Maharashtra Chief Minister Devendra Fadnavis has approved sixty-five railway infrastructure projects. These projects aim to eliminate railway level crossings across the state. Overbridges, underpasses, and pedestrian bridges will be developed. The initiative focuses on improving connectivity in urbanizing areas. Priority is given to projects with significant traffic density and minimal land acquisition needs.