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'Smartphone PLI plan exceeds targets, value addition quadruples': Industry informs govt
The commerce ministry questioned the smartphone PLI scheme's success for an extension. Industry data showed production more than doubling and exports rising ten times. Domestic value addition quadrupled, surpassing China's pace over decades. The scheme met all objectives, including exports and job creation. This policy intervention offers valuable lessons for future manufacturing growth.
NTPC Green Energy to raise ₹2,500 crore via 10-year NCDs through private placement
The company will raise ₹2,500 crore through 10-year non-convertible debentures to fund expansion and other corporate needs, while also commissioning a 50.4 MW wind project in Gujarat.
Uno Minda to invest Rs 320 cr in new plant for four-wheeler PV seating systems
Uno Minda will invest Rs 320 crore in a new manufacturing facility. This plant will enter the four-wheeler passenger vehicle seating systems segment. The facility in Maharashtra is expected to begin operations by Q4FY28. This strategic move aims to increase per-vehicle value potential significantly. The project is a joint venture with Japan's TACHI-S Company Ltd.
Stocks to Watch for July 8: Cochin Shipyard, RCF, Uno Minda and more
From RCF board approving a fund raise up to ₹1,500 crore via FPO to Advait Energy Transitions securing a ₹51.62 crore turnkey contract, these are some stocks to track ahead of Wednesday trading session.
Nifty Outlook for July 8: 24,500 remains supply zone ahead of results season
After encountering resistance near the 24,500 level, the Nifty could witness further consolidation or a mild pullback over the next one to two sessions before attempting another rebound, believes Nagaraj Shetti of HDFC Securities.
India and France deliberate critical minerals partnerships
India and France held their first joint working group on critical minerals. This collaboration aims to enhance exploration, processing, and recycling efforts. Discussions focused on reducing dependence on single supply sources for vital materials. Partnerships between Indian and French companies are being developed to secure value chains. The objective is building resilient and sustainable supply chains for strategic minerals.
BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand
The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, will track the flagship U.S. index and start trading under the ticker on Thursday
Titan closes in on TCS in market value as jewellery business shines
Titan has narrowed the valuation gap with Tata Consultancy Services over the past six years, with its market capitalisation now exceeding half that of the IT giant, as strong jewellery demand contrasts with mounting pressure on India's technology sector.
South West Pinnacle Exploration receives extension in contract from Reliance Industries
Contract value extended by Rs 166.82 cr
Market's worst phase is over; focus on picking the right stocks, says Quant Mutual Fund's Sandeep Tandon
Sandeep Tandon believes the next few months will reward investors who pick strong companies rather than simply betting on the broader market, with infrastructure, power and select energy stocks among his top bets.
SBI Mutual Fund IPO Review: A Complete DRHP Analysis - Groww
SBI Mutual Fund IPO Review: A Complete DRHP AnalysisGroww
TCS, Infosys and other Indian IT stocks rise up to 4% after AI worries trigger Kospi selloff
Indian IT stocks climbed despite a sharp sell-off in Asian chipmakers, as investors positioned for Q1 earnings. Indian IT stocks have had a rough ride in recent months because investors worry that AI could hurt billing growth, reduce manpower-linked revenue and force companies to pass productivity benefits to clients. With the sector having lost over Rs 17 lakh crore in market value, upcoming earnings and management commentary could determine whether the recovery has legs.