Market News
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Power finance cos turn to global markets for cheaper funds
Indian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made foreign currency borrowing cheaper. Companies like REC and PFC are planning to raise significant funds through external commercial borrowings. This move is expected to lower borrowing costs for these public sector undertakings.
Veranda Learning signs MoU with Japan's CPAEP for global accounting talent development
Veranda Learning has signed a memorandum of understanding (MoU) with Japan-based CPA Excellent Partners (CPAEP) to collaborate on talent development, recruitment and career support for accounting and finance professionals across global markets.
Reliance, Meta announce Jamnagar data centre; CleanMax to supply over 900 MW renewable energy capacity
Meta Platforms is investing heavily in India's digital future. The company is partnering with Reliance Industries to build a new data center in Gujarat. This facility will support Meta's global AI needs. Additionally, Meta is expanding its renewable energy partnership with CleanMax. This collaboration will add over 900 MW of solar and wind power capacity.
Banks power Nifty above 23,200 as RBI swap measures lift sentiment
Key equity benchmarks rebounded on Tuesday, supported by lower crude oil prices, positive global cues and strong gains in banking stocks. Brent crude slipped below $93 per barrel as tensions between Israel and Iran eased, helping alleviate concerns over inflation and India's import bill.
AI-led global earnings pressure India; opportunities in power, pharma: Conrad Saldanha
Neuberger Berman MD & Portfolio Manager Conrad Saldanha discusses why AI-driven earnings growth in the US, Korea and Taiwan continues to attract capital, shares his outlook on India, and highlights opportunities in power infrastructure, airports, specialty pharma and select financials.
Grasim approves Rs 3,000 cr expansion of Harihar Lyocell Plant
Grasim Industries will invest ₹3,094 crore to expand its Lyocell plant in Harihar, Karnataka. This expansion will significantly boost its advanced fibre capabilities. The project will add 110,000 tonnes capacity, making Grasim a global leader in sustainable man-made cellulosic fibres. The plant's first phase is set for commissioning by mid-2027, with the second phase to follow in 2028 and 2030.
Carlyle-backed Viyash Scientific buys Italy’s BioForLife for Rs 188 crore
Viyash Scientific, backed by Carlyle, is acquiring Italy's BioForLife for Rs. 188 crore. This move aims to build a leading global companion animal health business. BioForLife offers a strong presence in the Italian pet care market. The acquisition is expected to finalize in the second quarter of FY 2026-27.
Sigma Advanced Systems shares fall another 5% despite ₹208 crore export order win for Artillery Shells
Earlier recognized primarily as a fuze manufacturer, Sigma is now positioning itself as a comprehensive global munitions partner.
As OPEC+ meets, Iran war hobbles power to shape oil market
OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since the Strait of Hormuz was effectively blocked by conflict. However, analysts believe geopolitical realities and dwindling supply mean any output increases will have limited impact on global prices.
STT Global acquires 3.5-acre land parcel in Navi Mumbai for Rs 282 crore
STT Global Data Centres India has bought a 3.48-acre industrial property in Navi Mumbai's Mahape for Rs 282 crore. This strategic acquisition supports the growing demand for digital infrastructure. The site in the TTC Industrial Area offers access to power and connectivity.
Tata Motors' expansion to go on, Iveco acquisition to help it rank among top 4 global CV makers: N Chandrasekaran
Tata Motors is gearing up for an ambitious global journey, aiming to redefine its role in emerging commercial vehicle markets, chairman Chandrasekaran said. With the strategic acquisition of Iveco, the company is setting its sights on breaking into the elite tier of the world’s four largest commercial vehicle manufacturers, he added.
Small-caps, PSUs and pharma remain Gautam Shah's top market themes for 2026
Gautam Shah, Founder of Goldilocks Global Research, sees the Nifty remaining range-bound between 23,150 and 24,000, while forecasting the small-cap index could rise to 20,000. Shah also believes Indian IT stocks are nearing a bottom and that PSU stocks could deliver 25-30% returns over the next 12-18 months.