Market News
Stay updated with the latest market trends, earnings, and economic indicators.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
Maharashtra govt ramps up nuclear energy with MoUs worth Rs 6.5 lakh crore
Maharashtra has signed MoUs with four companies, including Adani Power and Reliance Industries, to attract Rs 6.5 lakh crore in nuclear energy investments. These projects aim to generate 25,400 MW of power and create 1,23,500 jobs, bolstering the state's clean energy initiatives and contributing to India's energy-rich nation goal.
Nifty could hit 27,000 once geopolitical tensions ease: Bajaj Finserv AMC CIO
Bajaj Finserv AMC CIO Nimesh Chandan projects 15% earnings growth for Nifty in FY28, with EPS rising to the ₹1,420–1,440 range, making valuations look attractive. He backs metals, construction, and cement as long-term plays on a global supply chain shift, holds gold and silver in the multi-asset portfolio, and flags El Niño and elevated US yields as key risks keeping Indian interest rates high in the near term.
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
Hindustan Copper Q4 profit more than doubles on strong margin, revenue surge
Hindustan Copper reported a sharp rise in fourth-quarter earnings as revenue and operating margins expanded significantly, while the state-run miner also announced dividend and fundraising plans for expansion projects.
India lacks adequate scrap supply, only 25% steel demand can be met through scrap-based production: Former Steel Secy
India's steel sector grapples with limited scrap for green production. Only 25 percent of steel demand is met by scrap-based manufacturing. Deteriorating iron ore quality further complicates efforts. The nation is exploring green steel through pilot projects and government missions. A Carbon Credit Trading System is expected to drive emission reductions. India's crude steel output is growing significantly.
Adani Group is jumping into Europe's deep waters. What can happen
Adani Ports is making a significant leap beyond traditional port operations, venturing into Europe's complex offshore and subsea market. Through a new partnership with Oceaneering International and its Astro Offshore arm, the company aims to become a global maritime infrastructure and offshore-services platform, focusing on deepwater engineering and underwater infrastructure for energy projects.
Schaeffler India opens computational research infrastructure at FSID, IISC
Schaeffler India has announced the opening of a computational research infrastructure at the Foundation for Science Innovation and Development (FSID), Bengaluru. Part of Schaeffler India's purposeful engagement with IISC, premium research academia, this supported facility strengthens research capabilities by enabling HPC (High- Performance Computing) large-scale simulations, data-intensive modelling and advanced analytics across materials, energy systems, and sustainable mobility. Additionally, these improvements will foster stronger industry collaborations, improved research quality and efficiency, and increased relevance of research in industry projects.
Magnus Steel and Infra listed among approved suppliers for Tata Motors projects
Magnus Steel and Infra has secured a significant role as an approved steel supplier for Tata Motors' upcoming manufacturing facilities in Gujarat and Maharashtra. The company has already begun supplying materials through RIECO Industries Ltd. Future orders are anticipated, with an estimated engagement size of Rs 32.50 crore.
India, EU pitch for joint initiative to strengthen EV battery recycling
India and the European Union have launched a new initiative to recycle electric vehicle batteries. This joint effort aims to secure raw materials and promote a circular economy. A funding pool of 15.2 million euro will support advanced recycling technologies and pilot projects in India. The program will bring together researchers, industries, and startups to develop innovative solutions.
Larsen & Toubro bags mega order from JSW Steel for metals projects
Larsen & Toubro (L&T) said its Minerals & Metals business has secured its largest-ever domestic order in the metals sector from JSW Steel.