Market News
Stay updated with the latest market trends, earnings, and economic indicators.
SC's ₹30,000 homemaker benchmark may lift accident compensation payouts
A Supreme Court ruling has assigned a notional monthly value of ₹30,000 to unpaid household work. This decision is expected to significantly increase compensation payouts in motor accident claims. Insurers will likely need to reassess their reserves for third-party claims. The ruling recognizes the economic contribution of homemakers, potentially leading to higher awards in death and injury cases.
SC's ₹30,000 homemaker benchmark may lift accident compensation payouts
A Supreme Court ruling has assigned a notional monthly value of ₹30,000 to unpaid household work. This decision is expected to significantly increase compensation payouts in motor accident claims. Insurers will likely need to reassess their reserves for third-party claims. The ruling recognizes the economic contribution of homemakers, potentially leading to higher awards in death and injury cases.
NBCC jumps on bagging consultancy orders worth Rs 21-cr
NBCC (India) added 1.82% to Rs 109.25 after it has secured two project management consultancy (PMC) orders with a combined value of approximately Rs 20.92 crore.
Kilburn Engineering gains on bagging Rs 70-cr order from Switzerland's Casale SA
Kilburn Engineering rose 1.60% to Rs 478 after it has secured its first orders from Casale SA, Switzerland, with an aggregate value of approximately Rs 70.2 crore, marking its entry into the global technology licensor's qualified supplier network.
RIL shares jump 6% in 3 days, market cap soars by Rs 1 lakh cr ahead of AGM. Why Morgan Stanley still sees 38% upside
Reliance Industries has added over Rs 1 lakh crore in market value in just three trading sessions ahead of its closely watched AGM. Despite the recent rally, Morgan Stanley sees another 38% upside, betting on stronger O2C earnings, new energy monetisation, AI opportunities and attractive valuations.
Kotak Securities recommends 'Buy' on ITC, NBCC; here's why
Stocks to buy today: Shrikant Chouhan of Kotak Securities has recommended a 'Buy' on ITC and NBCC, with fair value seen at ₹365 and ₹115, respectively.
RIL AGM 2026 this week: Date, time, where to watch live and what to expect
Reliance Industries' 49th AGM on June 19 is expected to draw investor attention for updates on the much-awaited Jio IPO, Reliance Retail's expansion plans and progress in its new energy business. Markets will also closely watch Chairman Mukesh Ambani's commentary on growth strategy and future value creation.
Stocks in news: Dr Reddy’s, Adani Green, KIMS, JSW Energy, Nestle India
Markets saw a strong rebound on Friday, driven by positive global cues and easing geopolitical tensions. Nifty defended the 23,000 support and reclaimed 23,500, with potential for further gains. Several stocks like Dr Reddy's, Adani Green, and JSW Energy are in focus due to significant corporate developments.
Hitachi Energy India to set up Rs 2,000 cr large power transformer factory in Gujarat
Hitachi Energy India will invest approximately Rs 2,000 crore to build a new Large Power Transformer factory in Karjan, Vadodara, Gujarat. This significant investment aims to boost manufacturing capabilities and support India's growing electricity demand. The factory is scheduled for completion in FY28. It is expected to create over 1,000 jobs and strengthen the nation's energy value chain.
ASK Property Fund to raise ₹3,500 cr amid surge in demand for private credit
ASK Property's new fund will offer solution capital, as well as growth capital for acquisitions, including the purchase of projects stalled in NCLT or with established approvals
ASK Property Fund to raise Rs 3,500 crore for housing-focused debt strategy
ASK Property Fund is launching a new Rs 3,500 crore debt fund. This fund will finance residential projects in key Indian cities like Mumbai, Delhi NCR, Pune, Bengaluru, Chennai, and Hyderabad. The fund aims to support developers with structured financing for mid-segment housing. It will also focus on lender replacement and completing stalled projects.
Meesho: Why Jefferies believes the stock could rally 34% from current levels
Jefferies sees significant growth for Meesho. The brokerage initiated coverage with a 'Buy' rating and a target price of Rs 225. This suggests a potential 34% rally for the stock. Meesho is well-positioned to benefit from India's expanding value-commerce market. The company targets price-conscious consumers, particularly in smaller cities. Jefferies expects strong growth in net merchandise value and revenue.