Market News
Stay updated with the latest market trends, earnings, and economic indicators.
HSN classification muddle raises costs for battery storage sector
The industry has sought separate HSN codes, an approved manufacturer list and tighter local content norms, along with clarity on customs duty deferment under warehouse rules for the 12-year life of storage projects.
UAE oil giant ADNOC pledges $55 billion in new projects by 2028: statement
The Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the United Arab Emirates' officially left the OPEC oil cartel. The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the former British protectorate became an independent country.
Ceigall India says its joint venture CIL-SAM bags Rs 918-cr order from Jaipur Metro
Ceigall India's joint venture, CIL-SAM India, has secured a Rs 918.04-crore project from Jaipur Metro Rail Corporation for Phase-II expansion. The contract involves designing and constructing an 10.8 km elevated viaduct and ten metro stations, with a 34-month execution timeline. This win signifies Ceigall India's diversification into urban mobility projects.
Cabinet To Soon Approve Rs 37,500 Crore Incentive Scheme To Promote Coal Gasification Projects
The coal ministry has already prepared a Cabinet note on the scheme to promote coal gasification projects, with a financial outlay of Rs 37,500 crore.
Cabinet to soon approve Rs 37,500 cr incentive scheme to promote coal gasification projects
The Union Cabinet is poised to approve a Rs 37,500 crore incentive scheme to promote coal gasification projects. This initiative aims to boost clean energy production, reduce import dependence on critical commodities like LNG and urea, and enhance the utilization of domestic coal resources.
Jharkhand CM Soren flags 'unacceptable condition' of Chandil–Tata railway section
Jharkhand Chief Minister Hemant Soren has expressed concern over the 'unacceptable condition' of the Chandil–Tata rail section, highlighting consistent hours-long delays for passenger trains over the past two years. He urged Railway Minister Ashwini Vaishnaw to prioritize passenger services and expedite infrastructure projects, questioning the railway's priorities regarding passenger time versus freight transport.
Indian Hume Pipe Company JVs secure irrigation projects in Maharashtra
Indian Hume Pipe Company announced that the Company through its Joint Ventures have received following Letter of Intent /work orders:
Lodha Developers to launch homes worth nearly Rs 22,000 cr for sale in FY27
Lodha Developers is set to launch new housing projects valued at approximately Rs 22,000 crore this fiscal year. The company aims for a 17 percent growth in sales bookings, targeting Rs 24,000 crore. These new developments will span across Mumbai Metropolitan Region, Pune, Bengaluru, and Delhi-NCR.
Mazagon Dock Q4 Results: Profit jumps 42% to Rs 464 crore; co declares Rs 4.62 dividend
Mazagon Dock Shipbuilders announced impressive March quarter results. Net profit surged by nearly 42 percent year-on-year. This growth was driven by increased execution in shipbuilding and submarine projects. Revenue from operations also saw a healthy 16 percent rise. The company's board recommended a final dividend of Rs 4.62 per share for the financial year ended March 2026.
Gujarat Cotex to raise nearly Rs 43 cr through rights issue
Gujarat Cotex is set to raise approximately Rs 43 crore through a rights issue to fund its expansion projects, including a new premium hotel. The issue, offering six shares for every one held, opened on April 10 and closes May 8. Proceeds will also bolster the company's financial standing as it diversifies into real estate, hospitality, and agri-commodity trading.
Cemindia Projects shares hit 20% upper circuit, touch 4-month high after Q4 results
Cemindia Projects shares surged 20% to ₹815 after a strong Q4 performance, with net profit up 114% to ₹242 crore. The company secured contracts worth ₹14,821 crore, boosting its total order book to ₹24,545 crore as of March 31, 2026.
Indian Bank Q4 profit rises 5% to Rs 2,956 crore
Indian Bank announced a 5% increase in net profit for the fourth quarter. The bank saw its operating profit rise and its gross and net non-performing assets fall significantly. Despite challenges foreseen in treasury operations due to global events, the bank projects steady growth in advances for the current fiscal year. Deposits also showed robust growth.