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Adani Ports bets Rs 13,000 crore by FY31 for Europe subsea expansion
Adani Ports is expanding its marine services into Europe. Its platform Astro Offshore has partnered with Oceaneering International. This move targets specialized subsea and offshore services. The company plans significant capital expenditure to build a large global marine fleet. This expansion aims to create a major integrated marine platform.
Hong Kong’s Crown Worldwide plans to double India investments in two years
Crown Worldwide Group is set to invest an additional $30 million in India over the next two years. This expansion includes a new integrated storage and information management facility in Coimbatore. The company aims to double its capacity in one of its fastest-growing global markets. This move will support rising demand for secure storage and digitisation solutions in India.
Dynamic Cables Ltd leads losers in 'B' group
Premco Global Ltd, Spandana Sphoorty Financial Ltd Partly Paidup, Digicontent Ltd and Sambhv Steel Tubes Ltd are among the other losers in the BSE's 'B' group today, 12 May 2026.
'Nobody will fly': India's plane versus train battle gets a twist
India's Railway Minister warns airlines that upcoming bullet trains will dominate short-haul routes like Mumbai-Pune and Bengaluru-Chennai, mirroring global trends. This strategic shift prioritises high-speed rail for premium intercity travel, potentially reshaping India's transport landscape and economic integration by compressing travel times and fostering regional growth.
BSE launches F&O contracts on Focused IT Index to aid investors
BSE on Monday launched futures and options (F&O) contracts on the BSE Focused IT Index, becoming the only stock exchange in the country to offer derivatives on an information technology sector benchmark. The BSE Focused IT Index comprises 14 leading Indian technology companies and is designed to provide investors with a focused benchmark for the country's information technology sector, the exchange said in a statement. The launch coincided with National Technology Day and is aimed at offering investors an additional tool to hedge, trade and manage risks linked to the IT sector, which remains sensitive to global economic trends, currency fluctuations and rapid technological changes. On the first day of trading, 172 members participated in the new product, generating a turnover of Rs 148 crore. According to BSE, the IT sector accounts for around 6 per cent of the total market capitalisation of companies listed on the exchange. The sector includes more than 250 listed firms and ...
Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy
India's Petroleum Ministry confirms stable fuel supplies despite global energy challenges. Crude oil inventories are secure, refineries operate at peak capacity, and no fuel shortages are reported nationwide. The government urges citizens to conserve fuel by using public transport, carpooling, and opting for electric vehicles. These measures aim to ease the nation's economic burden and reduce import dependence.
Goldman Sachs picks 12 alpha stocks amid record $22 billion FII exodus
Goldman Sachs has identified 12 Indian stocks as medium-term alpha bets despite warning that the record $22 billion FII selloff in 2026 may persist. Foreign investors have already pulled out more than last year’s total, marking one of the sharpest equity outflows in over two decades amid continued global risk-off sentiment.
Global jitters keep FPIs on edge, ₹14,231 crore pulled out in May
Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 14,231 crore so far this month driven by persistent global macroeconomic uncertainties. With this, the total outflow of Foreign Portfolio Investors (FPIs) from the equity market has crossed Rs 2 lakh crore in 2026, which is higher than the Rs 1.66 lakh crore pulled out during the entire 2025, according to data with the NSDL. FPIs were net sellers in all months of 2026, except February. They withdrew Rs 35,962 crore in January before turning net buyers in February, when they invested Rs 22,615 crore, the highest monthly inflow in 17 months. However, the trend reversed in March, when foreign investors pulled out a record Rs 1.17 lakh crore. The selling continued in April with net outflow of Rs 60,847 crore and extended into May with withdrawal of Rs 14,231 crore so far. "The selling was largely driven by persistent global macroeconomic uncertainties, particularly concerns around inflation, interes
‘Bullet Raja’ Royal Enfield leaves Audi, Ferrari behind in global race, becomes world’s 3rd strongest auto brand
Royal Enfield has achieved the world's third strongest automotive brand status, surpassing Audi and Ferrari according to the Brand Finance Automotive Industry 2026 report. With a brand strength score of 88.9 and an AAA rating, the Indian motorcycle company's brand value has surged by 30% to $1.2 billion, driven by its global expansion and focus on retro-style motorcycles.
Air India delays salary hikes, pushes cost cuts amid volatile FY26 outlook
Air India is tightening its belt. Facing global challenges, the airline is cutting costs. This move comes after significant expansion. Management aims to save money without harming service improvements. Salary raises are delayed. The airline is optimising routes and improving on-time performance.
JSW Steel sets board meeting date to consider fundraising proposal, dividend payout
Emkay Global, meanwhile, stated that it expects JSW Steel to report Q4 consolidated EBITDA of ₹8,420 crore (up 29.6% QoQ and 32% YoY), driven by higher realisations.
Middle East war may make your sofa more expensive
The Middle East conflict is impacting Indian homes. Furniture makers face rising costs for materials like foam and lacquer due to global shipping disruptions. Companies are absorbing these increases for now. Consumers are becoming cautious with spending. Some businesses are adapting by focusing on value and optimizing sourcing. Premium furniture demand remains strong.