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Jindal Stainless appoints former Adani Energy executive Kunjal Mehta as CFO
Jindal Stainless, India's leading stainless steel maker, has appointed Kunjal Mehta, formerly of Adani Energy Solutions, as its new Chief Financial Officer, effective June 25. Mehta, a seasoned finance professional with extensive experience in corporate finance and value creation, is expected to bolster the company's financial strength and growth. Jindal Stainless is currently expanding its production capacity and global reach.
Iraq approves preliminary agreements to study strategic oil export pipeline projects
Iraq's cabinet has greenlit preliminary deals for strategic oil export pipeline studies. A consortium featuring US firms Capital TI and Chevron, alongside Qatar's UCC, will explore routes like Basra-Haditha-Kirkuk-Ceyhan. These initial agreements carry no financial commitment for the Iraqi oil ministry. Additionally, Basra Oil Company is authorized to engage KBR for consultancy on a Basra-Haditha pipeline project.
Ferrari's former design house is hanging by a thread—extended by Tech Mahindra
Pininfarina was meant to diversify Tech Mahindra into high-end engineering and design, but a decade after the acquisition, it has become a financial burden.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
MNRE opposes uniform DSM norms for renewable projects
The Ministry of New and Renewable Energy is pushing for a distinct deviation settlement mechanism for wind and solar projects, arguing they shouldn't face the same penalties as conventional power plants. Renewable energy's weather-dependent nature necessitates a tailored approach, the ministry stated, to avoid increasing financial risks and impacting project viability. They advocate for a graded system considering forecasting and grid readiness.
Explained - What led to Havells, Page Industries and Titan shares surge up to 4% on Wednesday
Havells' growth will improve in the current financial year, according to Citi, led by strong growth in cables and wires, a gradual recovery in consumer businesses and the solar segment emerging as a meaningful growth driver.
Disney pumps Rs 123 crore into JioStar India in fresh FDI
Walt Disney's Star Group injected Rs 123 crore into JioStar India via FDI, bolstering the Reliance-Disney joint venture. This follows substantial prior investments by Disney, totaling Rs 3,847 crore in the current fiscal year. Despite reporting equity losses from the venture, Disney's continued financial commitment highlights its strategic interest in the Indian media landscape. The information and broadcasting sector saw significant FDI inflows during the quarter.
Stock Alert: SWREL, Juniper Hotels, Central Bank of India, Agsonpal Pharmaceuticals, RITES
Juniper Hotels said Tarun Jaitly has resigned from the position of chief financial officer (CFO) of the company.
Hindustan Copper to seek Navratna status, eyes threefold ore output by 2029
Hindustan Copper is aiming for Navratna status, according to outgoing CMD Sanjiv Kumar Singh. The company plans to triple ore output by 2029 and has initiated steps to achieve the prestigious designation. Strong financial performance, including a near doubling of net profit and record revenue in FY26, underpins this ambition. Singh highlighted growing copper demand from renewable energy and EVs as a key growth driver.
Beyond Valuations: Philip Fisher's timeless guide to quality stock investing
Legendary investor Philip Fisher championed a qualitative approach to stock picking, emphasizing exceptional businesses with strong management and durable competitive advantages. His 15-point checklist, still relevant today, guides investors to look beyond numbers, focusing on long-term growth potential, innovation, financial strength, and, crucially, management integrity. Fisher's philosophy stresses that identifying outstanding companies and holding them for the long haul is key to building lasting wealth.
Stocks To Buy: What about Dalmia Bharat excited Goldman Sachs that prompted a rating upgrade
At the current levels, Dalmia Bharat shares are trading at a one-year forward Enterprise Value / EBITDA multiple of 10.4 times its estimated earnings for financial year 2027 and 9.07 times for financial year 2028. In comparison, the largest player UltraTech, is trading at 18.6 times financial year 2027 and 15.5 times financial year 2028 EV/EBITDA.