Market News
Stay updated with the latest market trends, earnings, and economic indicators.
MoF approves scheme for floating solar battery storage
India is set to boost renewable energy with a new ₹5,500 crore floating solar battery storage scheme. The finance ministry's expenditure finance committee has approved the plan. This initiative aims to encourage states to install floating solar panels. It will help reduce reliance on fossil fuel imports. The scheme will be sent to the cabinet for final approval soon.
Energy Transition Special Unt Share Price Today | NYSE: ETSS_u - Investing.com India
Energy Transition Special Unt Share Price Today | NYSE: ETSS_uInvesting.com India
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
GIFT Nifty jumps nearly 1% after reports of US relief on Iran oil sanctions
GIFT Nifty rallied nearly 1% after reports indicated possible temporary US sanctions relief on Iranian oil exports. Hopes of additional crude supply eased inflation and energy shock concerns, lifting investor sentiment despite ongoing geopolitical tensions, volatile crude prices, rupee weakness, and uncertainty surrounding West Asia negotiations.
JSW Steel block deal sees GQG, SBI MF as key buyers
GQG Partners and SBI Mutual Fund emerged as key buyers in a block deal of JSW Steel on May 18, reflecting in the day’s institutional inflow data. The transaction, valued at around ₹3,150 crore, saw JSW Energy offload 2.5 crore shares at ₹1,260 apiece. GQG acquired 1.5 crore shares, while SBI Mutual Fund picked up 1 crore shares, indicating strong institutional appetite for the steel major.
Morgan Stanley Names Top Utility Stocks for Europe’s Energy Shift - Investing.com India
Morgan Stanley Names Top Utility Stocks for Europe’s Energy ShiftInvesting.com India
Stock in focus after securing ₹710 Cr battery energy storage project from NLC India By Trade Brains - Investing.com India
Stock in focus after securing ₹710 Cr battery energy storage project from NLC India By Trade BrainsInvesting.com India
IEA chief warns commercial oil inventories are depleting rapidly, only weeks left
International Energy Agency head Fatih Birol warned that commercial oil inventories are rapidly depleting, with only a few weeks of supply remaining due to the Iran war and Strait of Hormuz closure. Strategic reserve releases have provided temporary relief, but demand is increasing with seasonal shifts. The agency previously forecast a surplus but now anticipates a significant shortfall this year.
NTPC Group's installed electricity generation capacity crosses 90GW mark
State-owned NTPC has crossed a significant milestone, achieving over 90 GW of installed electricity generation capacity. This expansion was driven by the successful trial operation of Unit 2 at its Patratu Vidyut Utpadan Nigam arm. The company is actively pursuing renewable energy targets and diversifying its energy portfolio.
JSW Energy sells 2.5 crore JSW Steel shares for Rs 3,150 cr via bulk deal
JSW Energy on Monday said it sold 2.5 crore equity shares in JSW Steel through a bulk deal on the NSE, raising Rs 3,150 crore. Following the transaction, JSW Energy’s remaining holding in JSW Steel stands at 4.5 crore equity shares, according to a regulatory filing.
US-Iran war: Why PM Modi visited UAE amid Middle East conflict and Strait of Hormuz crisis
Amid escalating tensions from the US-Iran war and soaring oil prices, India's Prime Minister Modi's recent visit to the UAE aims to secure energy supplies and foster deeper economic ties. With the UAE's strategic shift in oil policy, India seeks to diversify imports and enhance energy security.
JSW Energy sells shares worth ₹3,150 crore in JSW Steel as part of monetisation strategy
Brokerage firm Jefferies maintained its "buy" rating on JSW Steel and raised its price target to ₹1,650 from ₹1,400 earlier. This is the highest price target on the street for JSW Steel.