Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?
Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage expects improving global demand, trade agreements and supply-chain shifts to support India’s textile sector recovery and long-term export growth.
Banks boost renewable energy credit by 7% in April amid energy security concerns
Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth.
Vedanta Power, Oil & Gas shares fall 3%; Vedanta Aluminium, Iron & Steel jump up to 5%. What lies ahead?
Vedanta's demerger saw mixed fortunes for its listed entities. While Vedanta Power and Oil & Gas shares dipped, Vedanta Aluminium and Iron & Steel surged, with the latter showing significant gains post-listing. Analysts are bullish on Vedanta Aluminium, citing strong global demand and operational strengths, with multiple brokerages initiating 'Buy' ratings and projecting substantial upside.
Stocks in news: Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, Tata Motors
Indian markets experienced profit booking, falling over a percent amidst a weak global trend. Key stocks like Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, and Infosys are in focus due to significant developments. Vedanta saw a major promoter stake sale, while Honasa Consumer plans an acquisition. Bajaj Auto reported a ransomware attack, and IRCTC's CMD resigned.
Meta’s $4.5-billion sandbox: what's at stake for Kunal Shah, WhatsApp and Cred
Meta’s landmark $900 million investment in Cred gives it a vital foothold in India’s UPI race and turns the premium fintech platform into a global commercial test bed for WhatsApp’s monetization push.
Satcom firms flag omission of GMPCS in DoT's draft spectrum allocation rules
Satellite communication firms are concerned over the exclusion of Global Mobile Personal Communications Service (GMPCS) providers from draft rules for administrative spectrum allocation. The Broadband India Forum highlighted this omission, stating it contradicts the Telecommunications Act. While the rules cover various satellite services, GMPCS, explicitly mentioned in the Act for administrative assignment, is missing, creating industry uncertainty. Consultation on the draft rules is ongoing.
Centre brings together states, industry for $100 billion textile exports goal
India aims to double its textile and apparel exports to $100 billion by 2030, with a nationwide exercise and summit focusing on strategies for key hubs. Discussions centered on technical textiles, man-made fibers, and improving logistics. The initiative emphasizes district-led growth and value addition to bolster the nation's global textile trade presence.
SanDisk, Micron, AMD, Intel Crash Up To 12% As Chip Stocks Sell-Off Hits Wall Street
Global chip rout deepens as AI-linked semiconductor stocks tumble, dragging the Nasdaq down more than 2%.
Not just FreeCharge and Cred — Full list of other companies founded by Kunal Shah
Kunal Shah, founder of Cred, is now the global head of WhatsApp. Known for his entrepreneurial success, he previously co-founded several companies and backed numerous startups as an angel investor.
Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics
Syrma SGS Technology's shares jumped nearly 5% after announcing a significant joint venture with Japan's Kaga Electronics. This collaboration aims to establish a cutting-edge manufacturing facility in India, primarily serving Japanese clients and bolstering Syrma's presence in high-value electronics. The partnership, with Syrma holding a 60% stake, is seen as a strategic move to capitalize on global supply chain diversification and India's growing appeal for Japanese manufacturing expansion.
Tata Motors CV aims to be fourth largest global player after Iveco deal; Check FY28 targets
By financial year 2028, Tata Motors CV is aiming for free cash flow to be between 7% to 9% of revenue, while its Return on Capital Employed could jump to 30% to 35% after the Iveco deal.
Tata Motors CV bets on global expansion, EVs and digital businesses for next phase of growth
Tata Motors' commercial vehicle division is charting an ambitious growth path, prioritizing global expansion, electric vehicles, and digital services. The company aims to leverage the proposed Iveco acquisition for wider market access and product diversification.