Market News
Stay updated with the latest market trends, earnings, and economic indicators.
India lifts curbs on retail sale of petrol, diesel to commercial buyers from July 1
India has removed restrictions on commercial buyers purchasing petrol and diesel from retail outlets, effective July 1. These emergency measures, implemented in June due to Middle East tensions and a price gap, aimed to ensure equitable supply and prevent hoarding. With global energy trade stabilizing, commercial users like transport operators can now buy fuel without daily limits, restoring normal access to retail pumps.
Raymond James strategist sees India as a value allocation; likes financials, energy
Matt Orton, Chief Market Strategist, Raymond James Investment explains why he remains constructive on global equities despite US-Iran tensions, shares his outlook on the Magnificent Seven, Federal Reserve policy, and highlights financials, small caps and India as attractive investment opportunities.
Markets poised for a cautious start as GIFT Nifty trades flat
Indian markets ended Thursday on a high note, with the Nifty 50 climbing nearly 1% from its lowest point. This positive momentum was fueled by declining energy prices, a stronger rupee, and favorable global trends. Analysts anticipate a continued positive outlook for Indian equities, with the Nifty expected to hold above the 24,000 mark, bolstered by stable geopolitical conditions and robust foreign investment.
Raymond’s aerospace vertical growth outpaces precision engineering business
Driven by global supply-chain diversification, JK Maini Global Aerospace is clocking a 25% expansion rate and has locked in a ₹2,350-crore order pipeline over the next five years.
From floods to war, state-run oil firms prove indispensable despite repeated privatisation bids
India's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite past privatization attempts, these public sector firms consistently ensure fuel availability, absorb price shocks, and maintain supplies nationwide. Their strategic role in energy security, especially given India's import dependence, highlights their critical importance beyond mere commercial operations.
Sagar Adani Calls For Faster Electrification At Global Energy Dialogue In London
Speaking at the inaugural Adani Green Energy Dialogue at London's Science Museum during London Climate Action Week, Adani said countries could no longer view electrification as optional if they wanted resilient economic growth and greater energy independence.
IIT Bombay, New York University announce collaboration in engineering education, research
IIT Bombay has teamed up with the State University of New York Old Westbury to enhance education and research in science and engineering. This partnership will delve into cutting-edge areas like artificial intelligence, aiming to establish collaborative programs and research projects.
BEML secures additional export order worth USD 5.35 million from West Asia
BEML Ltd has secured a significant USD 5.35 million export order for heavy earthmoving equipment from West Asia, building on a previous USD 36.38 million contract. These robust machines, designed for demanding mining and infrastructure projects, boast advanced engineering and operator safety features. BEML will also provide comprehensive maintenance and lifecycle support, underscoring their commitment to global customer satisfaction and expanding their international presence.
ONGC, bp sign technical services contract to boost production from Western Offshore Basin
ONGC and bp have inked a deal to boost oil and gas output from the Western Offshore Basin. This partnership leverages bp's global expertise to enhance production from India's most prolific hydrocarbon region. The agreement aims to curb production decline, improve recovery rates, and strengthen the nation's energy security, building on successful collaboration at Mumbai High.
ADB approves USD 42.2 mln loan to boost bamboo industry in northeast region
The Asian Development Bank has approved a $42.2 million facility to boost India's northeastern bamboo industry. This initiative aims to enhance agricultural productivity and rural livelihoods by supporting community-based projects and establishing women-led manufacturing units. Despite holding a significant portion of global bamboo, India's value chain is underdeveloped.
India's AI infrastructure opportunity is being underestimated, says Abhay Laijawala
Abhay Laijawala, MD & CIO-India at Lighthouse Canton, believes key concerns weighing on India—including oil prices, currency stability and the perception that India lacks an AI story—are turning into tailwinds. He argues investors are overlooking India's role in the global AI infrastructure buildout, spanning data centres, power, cooling systems and capital goods. Laijawala is positive on engineering, capital goods and textiles, while remaining cautious on consumer staples due to El Niño risks.
Sunsol mulls over 2 GW solar deployment through 5k projects in India by 2030
Global consultancy Sunkonnect's platform, Sunsol Cleantech, aims to deploy over two gigawatts of solar capacity in India by 2030. This initiative will support 5,000 projects, including rooftop and utility-scale installations, significantly contributing to India's ambitious 280 GW solar target. Sunsol's efforts are crucial for enhancing the nation's energy security, affordability, and sustainability, building on Sunkonnect's extensive experience in renewable energy.