Market News
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Euler Motors calls for relaxation of auto PLI criteria to enable EV start-ups participation
Euler Motors, a leading electric vehicle start-up, calls for changes to India's automotive PLI scheme. Current high revenue and investment thresholds exclude promising companies like Euler Motors. Relaxing these criteria would allow EV start-ups to benefit and contribute more significantly to India's green mobility goals. The company highlights its substantial investments and employment generation as reasons for inclusion.
MRF Ltd to invest Rs 5,300 crore in New Tamil Nadu tyre plant
Tyre giant MRF Ltd has announced plans to pour in Rs 5,300 crore over the next 12 years to set up a cutting-edge manufacturing plant in the Sivaganga district. This investment is expected to generate around 1,000 new jobs, signaling a pivotal advancement in the region's industrial landscape.
Dabur to acquire a minority stake in the luxury skincare D2C company RAS Beauty, for Rs 60 crore
Dabur India is acquiring a significant minority stake in luxury skincare direct-to-consumer brand RAS Beauty for Rs 60 crore. This strategic move, under Dabur Ventures, aims to tap into the booming premium beauty segment. The investment will fuel RAS Beauty's expansion into omnichannel presence and product development, reflecting a broader trend of legacy FMCG firms backing digital-first brands.
Tata Steel to invest Rs 11,000 cr in Jharkhand; aims to ramp-up advanced grade steel production
Tata Steel will invest eleven thousand crore rupees in Jharkhand. This investment is for developing advanced green steel technology at its Jamshedpur facility. Tata Motors will also invest in hydrogen trucks at the same location. The Tata Group will form an experts' panel to explore further investments in Jharkhand's development.
Watch | M&M’s Japan agri exit seen as strategic portfolio rationalisation amid rising competition
Mahindra & Mahindra’s decision to exit its agri-machinery business in Japan reflects a broader strategy to streamline operations and focus on stronger, profitable markets, according to LKP Securities analyst Ashwin Patil. He said the Japan unit was likely a smaller, underperforming business facing intense competition, making continued investment less viable. The move aligns with M&M’s past efforts to exit non-core global operations and prioritise high-performing segments.
Explained — The key factor behind today's fall in Cholamandalam and rise in CG Power & Tube Investment
According to a Moneycontrol report, Vellayan Subbiah will give up his exposure linked to Cholamandalam Investment and Finance, while consolidating his position in both Tube Investments of India and CG Power.
Stocks to Watch for February 25: PowerGrid, Dr Reddy's Labs, Hindalco, Waaree Energies and more
From robust earnings at Schaeffler India and fresh investment headroom for PowerGrid to regulatory relief for Dr. Reddy’s and key updates from Hindalco, Waaree, RVNL and Hexaware, here are the stocks likely to stay in focus ahead of Wednesday’s trading session.
Exide Industries infuses ₹100 crore into EESL; total investment rises to ₹4,352 crore
Shares of Exide Industries Ltd ended at ₹336.45, down by ₹1.85, or 0.55%, on the BSE.
HUL approves ₹2,000-cr investment to expand premium beauty & well-being, home care biz
The investment aligns with HUL’s strategy of focusing on fewer, bigger bets and strengthening its presence in high-growth demand areas, including premium skin care, hair care, personal care, and home care liquids. Shares of Hindustan Unilever Ltd ended at ₹2,323.70, up by ₹11.50, or 0.50%, on the BSE today, February 18.
HUL announces ₹2,000 crore investment to expand manufacturing capacity
HUL plans to invest ₹2,000 crore over two years to boost manufacturing in premium beauty and home care segments. Details here.
Trade Spotlight: How should you trade Medanta, Tata Motors, Cholamandalam Investment, Radico Khaitan, Kotak Bank, Inox Green, and others on June 29?
The consolidation may continue as long as the market trades below Friday's high. Below are some short-term trading ideas to consider.
Markets Erase Gains as Metals Drag; IDBI Bank Bid Race Heats Up | Closing Bell
Markets surrendered early gains as metal stocks dragged benchmarks lower, with the Nifty hovering near 24,100 despite strength in auto counters. ONGC, Hindalco and Power Grid led the losers, while InterGlobe Aviation, M&M and Maruti Suzuki outperformed. In corporate news, Amazon CEO Andy Jassy met PM Narendra Modi and announced an additional $13 billion investment in India, taking Amazon's planned investment to $48 billion through 2030. Fairfax is reportedly back with a fresh bid for IDBI Bank, valuing the lender at ₹77 per share and potentially unlocking a ₹50,000 crore divestment for the government and LIC. Meanwhile, uncertainty continues around Tata Sons as RBI is yet to decide on its NBFC deregistration request, keeping the possibility of a future listing alive. Catch all the key market moves, corporate developments and top business headlines in this edition of Closing Bell.