Oil holds gains with focus on further Russian sanctions, glut
Brent traded above $67 a barrel after adding 1.6% in the two previous two sessions, while West Texas Intermediate was near $63.
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Five stocks in focus today on the back of large order wins
Adani Enterprises secured a Letter of Award worth ₹4,081 crore, while NCC won order worth ₹2,090.5 crore. Here are the other stocks in focus with large order wins.
S&P 500 closes above 6,600, Nasdaq notches longest winning run since 2023 aided by big tech
The S&P 500 close above the 6,600 mark for the first time. The broader market index is now up over 35% from the tariff tantrum lows in April this year. The Dow Jones ended little changed.
Stocks to Watch: Adani Enterprises, Wipro, Maruti Suzuki, NTPC and more
Several firms reported key orders and launches. Adani Enterprises won a ₹4,081 crore ropeway project; JSW Infrastructure inked a 30-year Kolkata port concession; Maruti Suzuki launched SUV VICTORIS; NTPC Green Energy added 25 MW solar. Other highlights: Wipro’s AI security…
Global brewing giant Carlsberg exploring IPO for India arm: Report
Denmark’s Carlsberg is exploring a potential IPO for its Indian arm, Moneycontrol has learned. The company has begun early talks with investment banks including Citi, JP Morgan, BofA Securities, Deutsche Bank, and Morgan Stanley. Carlsberg India, which entered the market…
Flipkart India’s loss widens to ₹5,189 crore in FY25; revenue up over 17%
Flipkart India’s consolidated losses widened to ₹5,189 crore in FY25 despite a 17% revenue rise to ₹82,787 crore, driven by higher stock-in-trade costs. Meanwhile, Flipkart Internet, which runs the marketplace, narrowed its losses to ₹1,494 crore as revenues grew 14%…
High dividends mask Vedanta’s weak stock performance
Vedanta remains India’s highest dividend-yielding private company, but despite generous payouts, its stock has been range-bound for a year, weighed down by demerger delays and concerns over capital allocation.
Alphabet breaks into $3 trillion league with Apple, Microsoft and Nvidia
Alphabet has joined the $3 trillion market capitalisation club, lifted by a lighter-than-expected US antitrust ruling earlier in September. Shares surged over 4% on Monday.
Hero Motors gets SEBI nod for ₹1,200-crore IPO
Hero Motors plans to raise ₹1,200 crore through a combination of fresh issue and OFS. The IPO, with a face value of ₹10 per equity share, will allocate 50% of the issue to qualified institutional buyers (QIBs), 15% to non-institutional…
JSW Infra signs 30-year pact with Kolkata port to reconstruct, mechanise berths
JSW Infrastructure has signed a 30-year concession agreement with Syama Prasad Mookerjee Port Authority, Kolkata, to reconstruct and mechanise berths 7 and 8 at Netaji Subhash Dock under the PPP model. Shares of the company ended lower on Monday (September…