Motherson signs JV with Hellmann to expand global automotive logistics
Samvardhana Motherson International and Hellmann Worldwide Logistics form Dubai joint venture for global automotive logistics, targeting sustainable end to end supply chains.
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Closing Bell | Relief rally extends: Sensex jumps 1,200 points, Nifty holds 23,300
Closing Bell: Markets extended gains for a second session, with the Sensex rising over 1,200 points and the Nifty closing above 23,300, though off highs. Broad-based buying, strong breadth and midcap outperformance supported the rally.
Auto price hikes could hit demand sentiment, CLSA warns, but says weakness priced in
Among key companies, CLSA noted that stocks such as Mahindra & Mahindra (M&M), Tata Motors Passenger Vehicles and Tata Motors Commercial Vehicles are already trading below their implied bear-case valuations, indicating that much of the downside may be priced in.
India fund outflows continue, but case for return is slowly building
Global investors are rotating within emerging markets, and India is on the losing side for now. But currency moves and valuation resets could start changing that trend.
MM Forgings shares jump 4% after board approves ₹600 crore fundraise via share sale
MM Forgings board okays fundraise up to Rs 600 crore via QIP and other instruments, hikes authorised capital, as shares gain and CMD Vidyashankar Krishnan signals FY27 recovery.
NSE likely to launch gas contracts by June quarter
Sources indicate NSE is set to launch Indian natural gas contracts by next quarter after SEBI approval, stepping up competition for MCX. MCX currently dominates with over 95% share in non-agri commodities and 85–90% overall. NSE is also expanding in…
Sunil Bharti Mittal to retire as Airtel Africa chair; Gopal Vittal to take over
Sunil Bharti Mittal to retire as Airtel Africa chairman in July 2026; Gopal Vittal named successor as company outlines board succession plan amid leadership transition and governance continuity focus.
Puravankara shares jump 8% as company unveils ₹55,000 crore project pipeline
Puravankara shares rise over 8% after company unveils 30 projects across South India and Mumbai with GDV exceeding ₹55,000 crore over 24 months, signalling a strong expansion pipeline.
Kotak Mahindra Bank files police complaint after Panchkula municipal corporation flags FD discrepancy
Kotak Mahindra Bank probes Panchkula municipal corporation FDR discrepancies of about Rs 150 crore as Haryana State Vigilance Bureau reviews after IDFC First Bank fraud.
Powerica IPO sees muted response; GMP slips, subscription remains weak
As of 11:55 am on March 25, the issue was subscribed 2%, according to NSE data. The retail individual investors (RIIs) portion saw 3% subscription, while the non-institutional investors (NIIs) segment was subscribed 1%. The qualified institutional buyers (QIBs) portion…