Market News

Adani Energy Solutions’ IntelliSmart deal seen a costly but timely bet

In a bold strategic move, Adani Energy Solutions has secured the smart metering firm IntelliSmart Infrastructure for a staggering ₹3,050 crore. This acquisition is not just a financial transaction; it's a calculated step to amplify their presence in the burgeoning smart meter market. With the government gearing up for a comprehensive deployment of smart meters, the timing couldn't be better.

Stocks To Buy: HSBC bets on this 'consensus buy', projects 32% upside

Max Financial Services is a "consensus buy" on the street, with all 30 analysts covering the stock having a "buy" recommendation on the same. The consensus price target of ₹2,063, implies an upside potential of 29% from current levels.

Jindal Poly Films dispute, India's first class action suit, sent by Supreme Court to arbitration

The Supreme Court has sent a minority shareholder dispute involving Jindal Poly Films to arbitration. This decision overturns earlier orders from the National Company Law Tribunal and Appellate Tribunal. The case concerns allegations of asset stripping and financial losses to shareholders. The arbitration will take place in Delhi.

NHAI flags off asset monetisation for FY27

The National Highways Authority of India has started its asset monetisation drive for the current financial year. Bids were opened for two national highway stretches in Tamil Nadu. Epic Concesiones 2 Pvt Ltd emerged as the highest bidder for TOT-Bundle 19. NHAI aims to raise significant funds through asset monetisation in the coming years.

NH builders seek predefined input rates for projects under active bids

Road builders are asking the government to set fixed rates for bitumen and fuel. This is for highway projects currently up for bidding. They warn that current price differences could lead to unfair bidding and delay projects. The industry believes this will ensure transparent and fair competition. It aims to protect the financial health of these crucial infrastructure developments.

SpaceX IPO Puts a Spotlight on How the Newly Wealthy Shop for Financial Advisors

Current and former employees are seeking advisors and some are hoping for discounts on wealth management fees.

Jio Financial Services Share Price Live Updates: Jio Financial Services Current Market Performance

Sops for private investors in nuclear energy on cards

The Indian government is actively seeking private sector investment for its nuclear energy expansion plans, aiming to boost green transition. Measures like assured power purchase agreements and potential financial support through schemes like RDI are being considered. Consultations with stakeholders will precede the roadmap for sustainable nuclear capacity development.

'Looks overpriced': Valuation expert Damodaran puts SpaceX worth well below $1.8 trillion

In a detailed post on X, the New York University professor said the IPO prospectus largely confirmed his earlier assessment of SpaceX as a high-growth but money-losing company whose valuation is driven more by its future narrative than its current financial statements.

Hindustan Construction secures Rs 127-cr Wangchhu Hydroelectric project

The scope of work includes construction of diversion tunnels, hydromechanical gates and cofferdams. The contract is scheduled to be completed within nine months. The award follows WHPL's technical and financial evaluation process and reflects HCC's proven expertise in executing complex hydroelectric projects in challenging geographies.

Coal ministry invites applications under gasification projects

The Coal Ministry has launched a new initiative to boost coal gasification projects. Companies can now apply for financial incentives to support the development of these projects. The scheme aims to produce 100 million tonnes of gasified coal by 2030. Eligible projects will receive significant financial support, encouraging investment in this crucial sector.

India crosses 41 lakh household-mark under rooftop solar scheme, to touch 75 lakh in Dec: Joshi

India is set to reach 75 lakh rooftop solar households by December under the PM Surya Ghar Muft Bijli Yojana, a significant jump from the current 41 lakh. The scheme, launched in February 2024, aims to install rooftop solar on one crore households, providing free electricity and financial assistance.