JSW Steel’s August crude steel output jumps 17% YoY to 27.03 lakh tonnes
JSW Steel reported consolidated crude steel production of 27.03 lakh tonnes in August, up 17% year-on-year. Shares gained nearly 3% on the NSE as metal…
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Silver may hit $50 an ounce, gold could gain another 10% by year-end: GJC’s Avinash Gupta
Silver could hit $50 per ounce and gold may rise another 10% by year-end, says Avinash Gupta, Vice Chairman of GJC, citing strong industrial demand,…
SpiceJet clears $24 million Credit Suisse dues, closes legacy liability
SpiceJet said it has completed payment of $24 million to Credit Suisse, closing a long-standing liability. The settlement removes a financial overhang even as losses…
Ujjivan SFB plans to raise ₹2,000 crore via QIP over next 18-24 months
For the long term, Ujjivan SFB has set several growth priorities for FY30. The bank aims to triple its liabilities, achieve a CASA ratio of…
UBS sees credit growth picking up in second half, NBFCs likely to outpace banks
Vishal Goyal, Managing Director and India Financials Analyst at UBS Global Research, expects India’s credit growth to strengthen in H2, led by consumption, SME lending,…
Consumption in spotlight, metals steady, defence looks stretched: Old Bridge CIO
Kenneth Andrade from Old Bridge Mutual Fund expects higher margins for consumer durables, autos, with steady metals and limited defence upside.
New SC bench to hear PIL against Vedanta citing Viceroy Report after judge recuses
The PIL relies on allegations made in the Viceroy Report, which claims that Vedanta and its subsidiaries engaged in fraudulent practices, including the diversion of…
DEE Development Engineers shares gain after commissioning balance part of Anjar facility
This comes a week after DEE Development Engineers bagged a Letter of Intent (LoI) worth ₹170 crore from an public sector undertaking in the power…
Five reasons why all metal stocks but one are shining in Monday’s trade
Metal stocks are among the top gainers in trade today, with the Nifty Metal Index climbing as 14 of its 15 constituents rose. The rally…
Investors are looking beyond the US, and India must stay ready: DBS’ Taimur Baig
Turning to India, Taimur Baig, MD & Chief Economist at DBS Group Research said the country’s market valuations could drive outward investment opportunities.