India's defence electronics segment is expected to lead the next phase of growth for the sector as increased research and development (R&D) spending, modern warfare requirements and a strong order pipeline create new opportunities, according to Amit Anwani, Research Analyst at PL Capital Group.Anwa…
Transformers & Rectifiers India Ltd. on Tuesday said it has received an order from Power Grid Corporation of India Ltd. to manufacture and supply transformers of various capacities, along with related works.The company said the order falls under its "ultra-mega" category, which refers to contracts…
The equity benchmark indices BSE Sensex and NSE Nifty ended largely lower after a volatile trading session on Tuesday (June 30), with losses in information technology stocks weighing on the headline indices even as broader markets remained resilient.The Sensex fell 250 points to close at 76,479, wh…
Ceigall India Ltd has emerged as the lowest (L1) bidder for a road strengthening project floated by the Public Works Department (PWD), Government of Delhi, with a bid value of ₹330.84 crore, including GST.The company said it emerged as the L1 bidder after the financial bid was opened on June 29, 20…
India's automobile industry is expected to post another month of healthy wholesale growth in June, with passenger vehicles and two-wheelers continuing to lead the recovery, while commercial vehicles and tractors are also likely to report steady gains.According to estimates, passenger vehicle sales…
Shares of Pidilite Industries Ltd. edged 0.42% higher to ₹1,606.30 on Tuesday, June 30. The stock has gained nearly 10% so far in 2026.Following a meeting with the company's management, global brokerage firm Macquarie maintained its 'Underperform' rating on Pidilite Industries with a price target o…
Japan's JFE Steel Corporation has completed its ₹15,750 crore investment in JSW JFE Kalinga Steel Ltd., acquiring a 50% stake in the joint venture after buying an additional 25% stake for ₹7,875 crore, JSW Steel said in an exchange filing on Tuesday, June 30.The latest acquisition, completed on Jun…
Markets should prepare for a number of unexpected narratives or 'pain trades' in the second half of the year, according to an HSBC report, with a steepening U.S. Treasury, unabated AI trade and an "explosive" U.S. dollar among the potential surprises in store.Trade in the artificial intelligence se…
Quick commerce is expected to enter a more execution-driven phase as competition intensifies, with profitability rather than discounting likely to determine long-term winners, according to Karan Taurani, Executive Vice President (EVP) at Elara Capital.Taurani said the entry of large e-commerce comp…
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, remains positive on banks, citing strong credit growth, improving net interest margins and attractive valuations despite recent senior management changes across private lenders. He also continues to favour pharma, particularly US generics an…
Shares of Ola Electric Mobility Ltd. surged over 11% on Tuesday, June 30, making it the top gainer on the Nifty 500 index, after the Delhi government approved a new electric vehicle (EV) policy that accelerates the transition away from internal combustion engine (ICE) vehicles.The stock rose as muc…
Coal India Ltd(CIL) plans to invest around ₹1,900 crore in research and development (R&D) by FY30 as the state-run miner sharpens its technology and innovation strategy in response to the evolving energy landscape.The company’s R&D push gathered pace in FY25 with the establishment of the National C…
Healthcare, financial services and the power ecosystem are among the sectors likely to offer investment opportunities over the coming quarters, while electric vehicle (EV) adoption will continue to shape India's auto industry, according to Taher Badshah, Chief Investment Officer at Invesco Mutual F…
Tata Communications Ltd. on Tuesday, June 30, announced investments of $152 million to expand its subsea cable infrastructure between India and Singapore, as it looks to strengthen connectivity between emerging artificial intelligence (AI) hubs and meet growing enterprise demand for high-speed data…
State-owned telecom infrastructure provider RailTel Corporation of India Ltd. has secured a Letter of Intent (LoI) from the Thane Municipal Corporation for a project valued at ₹13.6 crore, including taxes, the company said in an exchange filing on Tuesday, June 30.Under the contract, RailTel will s…
The proposed joint venture between Dixon Technologies and Vivo is a step closer to becoming operational, with the government in the final stages of granting its approval, according to sources familiar with the matter.The Centre is currently finalising the approval process and is expected to issue t…
As investors enter the space trade via Elon Musk's SpaceX, Wall Street analysts believe that Applied Aerospace & Defense is poised for gains.The defence supplier went public earlier this month, created through a merger between Applied Aerospace Structures and PCX Aerosystems. The company helps supp…
Shares of Apollo Tyres Ltd. gained as much as 2% on Tuesday, June 30, after brokerage firm Kotak Institutional Equities upgraded the stock to 'Add' from 'Reduce'.The brokerage also raised its price target on the stock by nearly 10% to ₹450 per share from ₹410 earlier. The revised target implies an…
Shares of Vedanta Aluminium Metal Ltd. declined on Tuesday, June 30, even as brokerage firm Investec initiated coverage on the stock, projecting an upside of over 35%. A stronger dollar, coupled with falling Aluminium prices is contributing to the fall in these Metal stocks.Investec has initiated c…
Shares of Shilpa Medicare Ltd. surged more than 5% on Tuesday, June 30, after its wholly-owned subsidiary, Shilpa Biologicals Pvt. Ltd. (SBPL), entered a co-development and supply agreement with Finland-based Orion Corporation for an intravenous (IV) nivolumab biosimilar for the European market.In…
