IFC will invest $50 million in GFCL EV to build India’s first integrated battery-materials plant, marking its maiden sector bet and strengthening GFL’s push into the EV and energy-storage value chain.
BEML has signed an MoU to strengthen maritime manufacturing financing, following back-to-back rail and metro orders this week.
On the Multi Commodity Exchange (MCX), gold hovered around ₹1.30 lakh per 10 grams, with 24 carat, 22 carat, and 18 carat variants showing limited movement.
Aerolloy Technologies signs a long-term supply deal with Honeywell Aerospace Technologies for titanium and superalloy castings, boosting PTC Industries and strengthening India in global aerospace.
IREDA had issued shares at a price of ₹165.14 as part of its QIP in June, through which it had raised ₹2,000 crore. The stock is trading below those levels.
Kenneth Andrade, CIO of Old Bridge Mutual Fund, is focusing on capex-driven sectors including pharmaceuticals, automotive and metals, while staying selective on IT services and holding back on new-age tech due to valuations. Andrade continues to prefer companies with strong…
Abhishek Bhandari, Executive Director–Tech & Internet at Nomura India, said that as large global cloud companies move to monetise their massive AI investments, spending will rise at the application layer, creating fresh opportunities for Indian IT services firms.
Motherson and Adani Ports partner to set up an automobile export facility at Dighi Port, Maharashtra, aiming to handle 2,00,000 cars annually and boost India’s automotive supply chain.
The Taiwanese electronics producer still depends on Apple Inc. for a sizable portion of its revenue, assembling the iPhone and other marquee products for the US company.
Probal Sen of ICICI Securities says gas distributors face margin pressure from rising costs and a weak rupee, while Reliance Industries remains better positioned with strong refining margins and an S&P rating upgrade.