The government has granted a two-year exemption to four Chinese transformer manufacturers, raising concerns about fresh competition. But industry executives and analysts say strong domestic demand, long order books and limited Chinese manufacturing capacity mean Indian companies are unlikely to…
Strong June-quarter earnings could lift metal stocks in the near term, but one market expert believes the optimism is already priced in. He expects softer commodity prices to trigger earnings downgrades in the coming quarters and says any rally should…
The Sensex rose 521 points to close at 78,285, while the Nifty gained 160 points to settle at 24,430, ending near the day’s high. The Nifty Bank advanced 353 points to 58,292, while the Midcap Index added 281 points to…
The National Stock Exchange is preparing for a potential September IPO that could raise ₹30,000–32,000 crore at a valuation of up to ₹5.3 lakh crore, sources told CNBC-TV18.
Spain’s economy thrives, surpassing South Korea in GDP, driven by population growth via immigrant labor and tourism. Challenges include infrastructure strain and productivity.
The company said stainless steel sales volume increased 40.2% year-on-year, while average realisations rose 23.2%, reflecting healthy demand and improved pricing. On a sequential basis, sales volumes rose 7.8%, although realisations declined 2.6%.
Adverse regulatory or fiscal changes, including higher government levies or changes in gas pricing mechanisms, lower-than-expected crude oil and domestic gas realisations arising from a weaker commodity price environment, are some of the key risks for ONGC.
Enam Holdings Investment Director Sridhar Sivaram remains underweight on IT and banks, citing weak earnings growth and intense competition, while favouring manufacturing, power equipment, pharmaceuticals, NBFCs and gold. Sivaram also recommends international diversification and expects gold to deliver double-digit annual…
Exchange data showed that around 60.8 lakh shares, representing nearly 2.3% of the company’s outstanding equity, changed hands in the transaction. The identities of the buyer and seller were not immediately known.
Oswal Pumps and Shakti Pumps surged over 6% after MSEDCL orders for PM Kusum B Scheme solar project in Maharashtra. Oswal’s order is for 236 crore, Shakti’s for 354 crore.