Ghulam Zia of Knight Frank told CNBC-TV18 that the payment aspect for workers could just end up solving the labour shortage issue, which has been the Achilles heel for the real estate players.
Jefferies said Shyam Metalics has a strong growth outlook and is positioned among the top three stainless steel producers in the country.
Shares of Highway Infrastructure, Patel Retail, and VMS TMT, despite the hefty subscription to their IPOs, including those from the retail shareholders, are currently trading below their issue price.
The contract won by Dilip Buildcon from NALCO spans 25 years, with the first three years dedicated to engineering, procurement and construction (EPC) work valued at ₹1,750 crore and covering 7 million tonnes. The remaining 22 years comprise mining operations…
The rupee rebounded to 89.17 against the US dollar after RBI intervention, lower Brent crude prices, and a positive Sensex and Nifty opening, following a record low of 89.66.
Fortis Healthcare, One97 Communications (Paytm), GE Vernova T&D and Siemens Energy India are the four additions to the MSCI India Standard Index. Tata Elxsi and CONCOR have been removed from the Standard Index and shifted to the Smallcap Index.
In India, 24-karat gold traded at ₹12,513 per gram, 22-karat at ₹11,470, and 18-karat at ₹9,385, with traders noting that a weaker rupee offered limited support amid global softness.
The IPO consisted of a fresh issue worth ₹180 crore and an offer-for-sale (OFS) of ₹320 crore from existing shareholders.
Ed Yardeni, President of Yardeni Research highlighted Google’s launch of Gemini 3 as a major challenge to OpenAI’s previously assumed dominance, saying the new development has reopened uncertainty and intensified the competitive race in the AI landscape.
According to UBS, Shaily Engineering Plastics is among the few companies that hold patented technology for fixed dose and auto injector pens. The brokerage is also prepared for the launch of generic GLP1 products.