Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Adani storms Hindalco-Vedanta duopoly with Rs 1.1 lakh crore gambit
Gautam Adani's $11.5 billion aluminium joint venture with IHC marks his biggest bet yet on India's industrial future. Rather than challenging Hindalco and Vedanta directly, Adani is targeting soaring aluminium demand driven by manufacturing, renewable energy and infrastructure, aiming to build a fully integrated metals business and reshape India's aluminium industry.
India's power demand likely to grow 6% annually as renewable capacity additions stay strong
India's power demand is expected to grow at around 6 per cent annually over the next four to five years, supported by continued renewable energy capacity additions of 45-50 GW every year, according to a Centrum Institutional Research Q1FY27 power sector results preview report.
Hitachi Energy, GE Vernova, Siemens rise up to 6% as Nomura calls recent correction an ‘overreaction’. 4 reasons why
Indian electrical equipment stocks rebounded, gaining up to 6% after global brokerage Nomura labelled the recent sell-off an "overreaction." Nomura highlighted that Chinese firms, granted a two-year tender exemption, historically secured minimal market share. They also noted capacity constraints among these firms, suggesting the exemption is a temporary measure, not a policy shift, thus limiting significant impact on domestic players.
Bullish futures positioning hints at upside in large-cap stocks
Indian stock markets are seeing pockets of strength, particularly in mid- and small-cap segments, with optimism now extending to select large-cap stocks. Analysts highlight several stocks showing bullish futures build-up and positive technical indicators. IndusInd Bank, Nalco, Shree Cement, HDFC AMC, Adani Energy Solutions, Nestlé India, and ONGC are identified as potential gainers, with specific entry points, targets, and stop-losses provided for traders.
India to require 500,000 tonnes of additional copper refining capacity every five years: ICA India
India's refined copper demand is set to surge, requiring an additional 500,000 tonnes of capacity every five years. Despite planned expansions, domestic production will remain insufficient to meet this growing need. Robust economic progress, infrastructure development, and the clean energy transition are fueling this demand, with building construction and renewables leading the charge. Further investment in smelting and refining facilities is crucial to bridge the supply gap.
Coal India inks JV with UPRVUNL to develop renewable energy projects in Uttar Pradesh
The joint venture company will be incorporated as a private limited company with an initial paid-up capital of ₹10 lakh and an authorised share capital of ₹10 crore. Its registered office will be located in Lucknow, Uttar Pradesh.
Hitachi Energy Confident Of 'Level Playing Field' As Govt Allows Select Chinese Firms In Power Bids
Commenting on the decision, Venu said it reflects the realities of India's rapidly expanding renewable energy ecosystem and the supply chain disruptions witnessed in recent years.
Tata Power offers 'pay-as-you-save' scheme with rooftop solar system for commercial users in Punjab
Tata Power Renewable Energy Limited has launched a 'pay-as-you-save' scheme in Ludhiana, enabling commercial and industrial consumers in Punjab to adopt rooftop solar systems with zero upfront cost. This initiative aims to install 200 megawatts of solar capacity over three years, allowing businesses to repay through savings-based EMIs or lease rentals.
NTPC Renewable Energy signs PPA with PTC India
For sale of 1,200 MW of solar power
NTPC Green arm signs deal to sell 1,200 MW of solar power
NTPC Renewable Energy, a wholly owned subsidiary of NTPC Green Energy, has signed a power purchase agreement with PTC India to supply 1,200 MW of solar power under a bilateral arrangement, strengthening its renewable energy portfolio.
Tata Power Renewable Energy commissions 100.8 MW Jewali wind project in Maharashtra
Tata Power Renewable Energy Ltd (TPREL) has successfully commissioned its 100.8 MW Jewali Wind Project in Maharashtra, boosting its wind energy portfolio to over 3.9 GW. This new facility will supply clean electricity to Tata Power Mumbai Distribution, aiding in meeting renewable targets and significantly reducing CO₂ emissions. The project is a key step towards Tata Power's goal of 100% clean energy generation by 2045.
Maruti's plant inauguration by PMs of India, Japan 'greatest possible honour': T Suzuki
Suzuki Motor Corporation President Toshihiro Suzuki expressed immense honor as Indian and Japanese Prime Ministers virtually inaugurated Maruti Suzuki's new Kharkhoda plant. This significant event underscores a deepened commitment to "Viksit Bharat," with a focus on human development. Suzuki emphasized this by visiting skill development and road safety institutes, highlighting the importance of nurturing talent for India's progress.