Market News
Stay updated with the latest market trends, earnings, and economic indicators.
In reverse flow, India now supplies petrol to energy powerhouse Russia
India's petrol is navigating its way to Russia via international traders rather than through direct sales channels. The damage to Russia's refining infrastructure has severely impacted its fuel production. This indirect trade underscores the ongoing shifts within the global energy market and the consequences of sanctions.
Why large cap and mid cap funds could be the best mutual fund to bet on now, according to Abakkus study - livemint.com
Why large cap and mid cap funds could be the best mutual fund to bet on now, according to Abakkus studylivemint.com
JSW Energy arm bags BESS contract from Bondada Renewable Energy
JSW Energy said that its step-down subsidiary, JSW Energy PSP Eleven (JEPEL), has secured orders worth Rs 443.74 crore from Bondada Renewable Energy, for the supply of Battery Energy Storage System (BESS) and Power Conversion System (PCS) solutions.
Unique Picks: 7 stocks held by a single MF scheme in June; rally up to 120% in 3 months
ETMarkets identified 40 stocks held exclusively by single mutual fund schemes, with select names delivering up to 117% three-month returns while others declined sharply.
Russia's diesel export ban deepens global supply crunch
Russia's diesel export ban has significantly impacted global energy markets. This action exacerbated existing fuel shortages and drove prices higher worldwide. European gasoil futures reached record highs against Brent crude oil. The United States also saw diesel futures jump substantially on Wednesday. These events highlight the interconnectedness of global oil supply chains.
IREDA declares Gensol Engineering, Gensol EV Lease accounts as fraud; reports to RBI
Shares of Indian Renewable Energy Development Agency Ltd ended at ₹126.40, up by ₹4.65, or 3.82%, on the BSE.
Adani Green's Q1 energy sales surge 30% on higher renewable capacity
Adani Green Energy's operational renewable capacity rose 27% year-on-year to 20,142 MW, while electricity generation climbed 30%, driven by new projects and the continued expansion of its Khavda renewable energy park.
Exide's Bengaluru lithium-ion cell plant to generate revenue from Q3: CEO
Exide Industries expects its Bengaluru lithium-ion cell plant to generate revenue from the third quarter. The company has invested significantly and will invest more to complete the first phase of this project. Initially, the plant will supply domestically manufactured battery cells for electric vehicles and energy storage. Commercial supplies for stationary lithium battery applications are also targeted from the third quarter.
JSW Energy bags ₹444 crore battery storage order from Bondada Renewable
The order from Bondada Renewable covers 200 MW/400 MWh of battery energy storage systems and power conversion solutions, strengthening JSW Energy's push into the fast-growing energy storage market.
Net equity mutual fund inflows surged 26% to ₹28,973 crore in June
Despite bouts of volatility, the equity market ended June on a positive note, with the Nifty50 gaining 1.4 per cent as easing oil prices and receding tensions in West Asia lifted sentiment
SEBI allows wider use of intraday borrowings by MFs from September 1
SEBI has notified the purposes for which mutual funds can avail intraday borrowings, expanding the framework to help asset management companies manage short-term liquidity mismatches while ensuring that the associated costs are not passed on to investors.
Pace Digitek arm inks BESS supply agreement
Pace Digitek announced that its material subsidiary, Lineage Power, has entered into a memorandum of understanding (MoU) with Bondada Renewable Energy for the supply of Battery Energy Storage Systems (BESS).