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Govt plans Rs 5,000 crore scheme in 3 months to promote green technologies in steel sector
The Indian government is set to launch a Rs 5,000 crore scheme within three months to boost clean technologies in steelmaking, aiming to slash carbon emissions. Titled the National Strategy for Sustainable Secondary Steel, the initiative will benefit all steel producers, with a significant portion allocated to smaller players. This move aligns with India's net-zero commitments, addressing the steel sector's substantial contribution to greenhouse gas emissions.
Kotak Mahindra Bank's shares tumble over 3% on CEO Ashok Vaswani's exit
Stock declines over 3% after Ashok Vaswani says he will step down in December, with brokerages warning leadership succession uncertainty could weigh on sentiment
Technology to be central to Hindustan Zinc's next phase of growth: Chairperson
Hindustan Zinc is pivoting towards becoming a future-ready energy transition company, Chairperson Priya Agarwal Hebbar announced. The firm is significantly investing in technology like AI and automation to boost productivity and safety. Diversifying beyond zinc, the company is exploring critical minerals such as lithium and rare earth elements, essential for the growing electric vehicle market and India's industrial expansion. This strategic shift, dubbed Hindustan Zinc 2.
Hindustan Zinc eyes three new metals in five years
Hindustan Zinc's long-term strategy is to diversify beyond its existing portfolio of zinc, lead, silver and cadmium by entering businesses such as rare earths, potash and tungsten.
Mahalaxmi Rubtech Ltd leads losers in 'B' group
Shri Krishna Devcon Ltd, Bang Overseas Ltd, Growington Ventures India Ltd and Bhilwara Technical Textiles Ltd are among the other losers in the BSE's 'B' group today, 29 June 2026.
Small-cap stock under ₹50 jumps after announcement of amalgamation move
VMS TMT's stock rose following the announcement of an approved merger with Aditya Ultra Steel Limited, aimed at creating a larger and more efficient steel manufacturing entity, pending necessary approvals. Shareholders of AUSL will receive 75 VMS TMT shares for every 100 shares held.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Omaxe Ltd leads gainers in 'B' group
Bajaj Healthcare Ltd, Prakash Pipes Ltd, Gujarat Natural Resources Ltd and Krishival Foods Ltd Partly Paidup are among the other gainers in the BSE's 'B' group today, 29 June 2026.
Desco Infratech gains after securing Rs 7-cr order from Adani Total Gas
Desco Infratech rose 4.27% to Rs 224.75 after the company said it had received a purchase order worth Rs 6.74 crore from Adani Total Gas (ATGL).
Vedanta shares may rise 17% as per Investec; company outlines plans for key businesses
The brokerage said management outlined its long-term strategy for Zinc International and its Saudi Arabia copper portfolio during the analyst meet.
Here's why the last 30 minutes are crucial for the Indian stock market today
Stocks like BHEL, Tata Steel, Vedanta, Polycab, Bharat Forge, CG Power, NALCO, HDFC Bank, Coal India and Vodafone Idea are also poised for inflows ranging from $30 million to $70 million as part of the rebalancing.
InCred sees aluminium prices falling to $2,400–2,700 as scrap supply rises
Satish Kumar, MD and Head of Incred Research Services explains why the Street may be too bullish on aluminium, warns of downside risks for producers, and shares his preferred picks in steel and chemicals.