Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Adani Power vs. Green vs. Energy: Why mutual funds are betting billions on this electrification trio
Indian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategic shift indicates a strong conviction in India's electrification drive. These companies are seen as key players in meeting the nation's growing demand for electricity driven by data centers, electric vehicles, and manufacturing.
Iran war energy shock drives India's interest in ethanol and other biofuels
India and Southeast Asian nations are boosting biofuel use amid global fuel disruptions. This move aims to reduce reliance on imported oil and manage rising costs. However, challenges remain in developing supply chains and ensuring vehicle compatibility. Experts also highlight environmental concerns related to crop-based biofuel production. The shift towards biofuels is a significant development for energy security.
Explained: How Petrol And Diesel Price Hike Will Benefit HPCL, BPCL And IOCL
History tells us that more fuel hikes could follow, in the event the Iran war continues to choke global energy markets.
These three EV stocks with high returns on capital are worth watching
Over the next decade, India could see a rapid electrification of public transport, logistics, and affordable mobility. Rising renewable-energy capacity also improves the long-term economics of EV charging.
Dalal Street set for negative opening as GIFT Nifty trades lower
Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are in F&O ban. Foreign investors bought shares.
Adani Group stocks in focus after reports suggest prosecutors considering dropping charges
Shares of Adani Ports are up 18% in the last one month and are near a 52-week high, while those of Adani Power, Energy Solutions and Green Energy are up 23%, 13% and 30% respectively during the same period.
INR settles around record low level as energy crisis deepen
The Indian rupee weakened further and fell to a record low of 95.73 (provisional) against the US dollar on Thursday, amid a strong dollar and worries over inflation amid elevated energy prices. International oil prices continued to hold around $100 per barrel mark that kept rupee under pressure. The rupee is expected to trade with a negative bias amid inflation concerns and the strength of the US dollar in the overseas market. The West Asia crisis and the blockade of the Strait of Hormuz have disrupted crude petroleum imports into India. Investors also awaited the outcome of U.S. President Donald Trump's summit with Chinese President Xi Jinping in Beijing. However, positive local equities limited losses in the domestic unit to some extent. Indian equity markets settled sharply higher for the second consecutive session, with the Sensex rising 789.74 points (1.06%) to 75,398.72 and the Nifty gaining 277 points (1.18%) to 23,689.60.
Hormuz Bypass: India Mulls New Direct Pipeline With UAE To Secure Energy Flows, Says Report
The proposed pipeline project is being examined as India looks to reduce its heavy reliance on the Strait of Hormuz.
India rupee slips to record low near 96 per USD as energy risks deepen - The Economic Times
India rupee slips to record low near 96 per USD as energy risks deepenThe Economic Times
India rupee slips to record low near 96 per USD as energy risks deepen
The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.
Ola Electric in talks to supply battery cells to global automakers
Ola Electric is in discussions with global and domestic automakers to supply lithium-ion cells and battery packs. The company's Krishnagiri gigafactory is set to expand its capacity significantly. This move aims to position Ola as a key supplier in India's growing electric vehicle and energy storage market. Ola is preparing for demand beyond its own vehicle production.
PM Modi likely to seek more energy supplies from UAE during short visit, sources say
Indian Prime Minister Narendra Modi will visit the UAE to discuss long-term energy supply deals and expand strategic oil reserves. The visit, part of a five-nation tour, aims to secure supplies disrupted by global conflicts. Modi will meet UAE President Sheikh Mohamed bin Zayed Al Nahyan to explore energy cooperation and other bilateral issues.