Gautam Shah, Founder, Goldilocks Global Research said gold has outperformed other assets over the past 18 months and is likely to continue rising, with $3,850 per ounce as a near-term resistance. He sees a bigger opportunity in silver, which could…
Shares of Dabur Ltd. were trading 1.7% off their day’s low after the announcement. The move is also in line with the recovery seen in other FMCG stocks like HUL, Britannia and Godrej Consumer Products, among others.
The company plans on building a 60-acre manufacturing unit to produce a wide range of products like regional snacks such as biscuits, spices, wheat flour, edible oil and more.
The three schemes include a Shipbuilding Financial Assistance Scheme worth ₹25,000 crore, a Maritime Development Fund worth ₹25,000 crore and a Shipbuilding Development scheme worth ₹20,000 crore.
India, the world’s third-largest CO2 emitter, is heavily reliant on coal for power generation. The nation has installed 8.8 gigawatts of atomic power since its oldest reactor was commissioned in 1969, and reaching the 2047 target would mean building half…
Bernstein’s Nikhil Nigania expects India to add 30–35 GW of renewable capacity annually, below the government’s 40–50 GW target, while staying positive on long-term power demand growth.
PhonePe is planning to raise about ₹12,000 crore ($1.35 billion) through an offer-for-sale (OFS), with Walmart, Tiger Global, and Microsoft set to collectively offload around 10% stake.
As a result of this recovery, nine out of the 15 stocks on the Nifty FMCG index are trading with gains.
The Indian rupee is under pressure after foreign investors sold equities worth over ₹6,400 crore in two days, while month-end dollar flows add to market volatility. Traders now watch the 89 level closely, with the RBI likely to intervene if…
L&T said the consortium will participate in the expression of interest notice issued by the Centre’s Aeronautical Development Authority by submitting a response in the coming weeks.