Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Tata Power shares crash 7% after Q4. What are Goldman Sachs and Motilal Oswal saying?
Tata Power shares dropped after its Q4 FY26 profit declined. Revenue also saw a year-on-year decrease. However, the company's renewable energy segment and solar manufacturing business showed significant growth. Brokerage firms provided varied outlooks, with some recommending 'Buy' and others 'Sell', citing different growth drivers and risks.
Tata Power in talks with three states for its nuclear power project plan
Tata Power is taking significant strides in its pursuit of nuclear energy. Currently, negotiations are underway with three states regarding its upcoming projects. Anticipation builds as a comprehensive project report is slated for release within the next six months. Additionally, Tata Power is teaming up with NPCIL to bring these nuclear initiatives to fruition.
Resonia appoints Aditya Mittal as CFO
Resonia, a transmission infrastructure company, has appointed Aditya Mittal as its new Chief Financial Officer. Mittal brings over 15 years of experience from Siemens and Siemens Energy. He will report to CEO Prashant Sinha. Mittal's role will focus on strengthening the company's financial foundation. His expertise is expected to enhance decision-making and governance as Resonia enters its next growth phase.
Stocks making the biggest moves midday: ONGC, Infoys, TCS, JSW Energy, Bharat Forge and more - financialexpress.com
Stocks making the biggest moves midday: ONGC, Infoys, TCS, JSW Energy, Bharat Forge and morefinancialexpress.com
China-like grid planning needed to meet renewable energy goal: MNRE secretary
India aims for 1,800 gigawatts of renewable energy by 2050. Achieving this requires a super grid, similar to China's. The government plans to spend $574 billion by 2030 on high-voltage lines. Enhanced grid infrastructure will address power evacuation challenges. Policymakers are working with states to ensure necessary equipment and storage systems are in place for better renewable energy integration.
Q1 fuel losses may eliminate entire fiscal-year earnings of Indian OMCs
Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases.
Market Trading Guide: Buy Tata Consumer and Welspun Corp on Tuesday for gains up to 14%
Nifty extended losses for a third straight session amid heavy selling in banking, auto and energy stocks. Analysts warned of a bearish trend after technical breakdowns below key moving averages, while recommending Tata Consumer and Welspun Corp as bullish positional trading opportunities
Gujarat builds 870 MW battery power backup network to stabilise renewable energy grid
Gujarat has launched battery storage systems totaling 870 MW across five locations to ensure renewable power grid stability. The state has also registered 13 additional projects and integrated BESS with its first solar village, Modhera. This initiative strengthens Gujarat's position as a leader in battery storage solutions in India.
Tata Comm acquires stake in Clean Max SPV
For captive consumption of renewable energy
Tata Power, Bhutan's DGPC expand hydropower partnership to over 5,000 MW
Tata Power and Bhutan's Druk Green Power Corporation (DGPC) have expanded their clean energy partnership with the addition of the 404 MW Nyera Amari I & II Integrated Hydropower Project, taking the total identified hydropower capacity under the collaboration to 5,033 MW from 4,500 MW earlier.
Citi bets on power utilities; picks NTPC, Tata Power amid capex upcycle
Citi has recommended a 'Buy' rating on NTPC for a target price of ₹485, Tata Power for a target of ₹525, Power Grid for a target of ₹380, and JSW Energy for a target of ₹650.
Top Gainers & Losers on May 5: Wockhardt, Tata Tech, Gabriel India, Dabur, Adani Green Energy among top gainers - Mint
Top Gainers & Losers on May 5: Wockhardt, Tata Tech, Gabriel India, Dabur, Adani Green Energy among top gainersMint