Market News

Hydrogen future of transportation industry; trials underway on 10 routes in country, says Nitin Gadkari

Union Minister Nitin Gadkari announced hydrogen is the future of transportation. The government is conducting trials on ten routes across the country. India aims to lead globally in alternative fuel and biofuel technology. The automobile industry has grown significantly, creating many jobs and revenue. Manufacturers are urged to increase bus production and pass on cost savings.

Havells India shares in focus after foray into the BESS segment with Norway-based Pixii AS

As part of the collaboration, the companies will work via a phased roadmap to establish a long-term BESS ecosystem in India. These phases include understanding the market requirements via pilot installations for validation of commercial opportunities while also co-developing an all-in-one energy storage solution.

Infosys Share Price Live Updates: Current Trading Status of Infosys

M&M Share Price Live Updates: M&M's Current Trading Status

Hot Stocks: 2 stocks that may give over 21% returns

Brokerages initiated coverage on Syrma SGS and Vedanta Aluminium with buy ratings. HSBC set a price target of Rs 1,750 for Syrma SGS, implying a 21.4% upside. Motilal Oswal Financial set a Rs 540 target for Vedanta Aluminium, indicating a 21.6% potential gain. These targets suggest significant returns over current trading prices. Both companies are seen as having strong growth prospects and structural advantages.

As West Asia boils again, RBI likely to assess FCNR flows

The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and potential dollar loan rate hardening. Banks are facing challenges in finalizing fixed lending rates for non-resident Indians. Higher borrowing costs may necessitate increased leverage for attractive NRI deposit yields. The central bank's assessment will consider the current market situation and deposit mobilization.

TCS shares react to Q1 results today; Motilal Oswal projects 15% upside

Motilal Oswal is working with 2.5% and 3.2% organic constant currency growth for TCS for financial year 2027 and 2028 respectively. And therefore, on these assumptions, it sees limited downside to the stock for now.

Nuclear equipment makers expand capacity as India opens sector

Indian nuclear equipment makers are expanding capacities for anticipated increased demand. New legislation allows private companies to establish nuclear power plants in India. Major power producers have announced plans to enter the nuclear energy sector. The government targets one hundred gigawatts of nuclear capacity by 2047. This expansion offers significant opportunities for component suppliers.

Govt extends BIS certification deadline for large solar inverters to December 31

The renewable energy ministry has extended the deadline for mandatory BIS certification. This extension applies to solar photovoltaic inverters with capacities exceeding two hundred kilowatts. The new deadline for self-certification is December thirty-first, which is later than the original date. Manufacturers can continue supplying these inverters based on self-certification and valid IEC certificates. This decision was made due to limited testing facilities for high-capacity solar inverters.

Centre aims to turn ITADCs into one-stop textile hubs

At a review meeting chaired by textiles minister Giriraj Singh, the ministry assessed the progress of key initiatives aimed at strengthening India's textile ecosystem through technology upgradation, institutional reforms and enhanced industry support.

Power companies may report strong Q1 earnings as electricity demand jumps

PL Capital expects power companies to post stronger June-quarter earnings as a heatwave and delayed monsoon lifted electricity demand, with NTPC, Power Grid and Adani Energy Solutions among the likely beneficiaries.

Havells India forays BESS segment in collaboration with Pixii AS

Havells India announced a strategic collaboration with Pixii AS, a Norway-based energy storage technology company, to develop and introduce advanced Battery Energy Storage Systems (BESS) for the Indian market.