The government will reopen the window for accepting applications under the Production Linked Incentive (PLI) scheme for speciality steel, in view of the high investor interest in the sector. The PLI 1.1 Scheme for the steel sector will be launched on Monday by minister of steel H D Kumaraswamy, sources said. The reopening of the
With Q3 earnings season underway and key economic data on the horizon, investors are closely watching key stocks across sectors to plan their next moves. As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open lower on Monday, January 6. Here’s a look at the key stocks
The Ministry of Finance (MoF) has appointed justice Mayank Kumar Jain, a former Allahabad High Court judge, as a judicial member of the Securities Appellate Tribunal (SAT). This move comes amid a rise in cases pending with the tribunal, with sources hinting at the formation of a second bench soon. Currently, the SAT operates with
State-owned oil marketing companies are likely to register subdued gross refining margins during the upcoming financial year 2025-26 on account of a slowness in global consumer and industrial demand, especially in China, and additional supply flowing from refinery capacity additions seen globally, according to analysts. However, demand for petroleum products in the country is expected
Old habits die hard, and Ketan Parekh seems intent on proving that he is the poster boy of that phrase. For the ‘Pentafour bull’, who was convicted in a stock market scam over two decades ago, stock market manipulation is an addiction he just can’t give up. In less than a decade after his 2003-2017
PM Narendra Modi on Saturday said there is a need to set up five-six more cooperatives like Amul to ensure better prices for farmers’ produce. Inaugurating the Grameen Bharat Mahotsav 2025 in Delhi, Modi emphasised that the government is moving forward with the mantra of national development through rural development. Modi also stressed upon the
The combined market valuation of four of the top-10 most valued companies saw a collective loss of Rs 96,605.66 crore. HDFC Bank, ICICI Bank, TCS, and SBI valuation slipped significantly. HDFC Bank’s market value dropped by Rs 37,025.46 crore and stands at Rs 13,37,919.84 crore, while ICICI Bank lost Rs 29,324.55 crore, bringing its value
Foreign investors pulled out Rs 4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of Rs 15,446 crore in the entire December, data with the depositories showed.The shift in sentiment
Indore-based TaskUs, a leading BPO and digital transformation services provider, abruptly fired over 300 employees without prior notice, sparking widespread outrage. A video of distressed employees addressing the company staff has gone viral on social media. In the video, employees accuse company representatives of mistreating them and even laughing while delivering the layoff news, further
Larsen & Toubro chairman SN Subrahmanyan’s comments on a 90-hour working week have sparked outrage with a host of his peers in corporate India criticising the idea of working inordinately long hours. CEOs took to Twitter and television on Friday to express their reservations on the remarks by Subrahmanyan, who has exhorted L&T employees to
With 400 million people in attendance, and manifold eyeballs on it, the Maha Kumbh is gargantuan not only in human presence, but in business opportunity as well. The figure is Rs 2 lakh crore to be precise, put forth by Uttar Pradesh chief minister Yogi Adityanath on Wednesday. This makes the event a pitching ground
Funds raised from the capital markets, including via equity and debt instruments, are expected to rise nearly 21% year-on-year to Rs 14.27 lakh crore in FY25, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch said on Friday. Total capital formation has reached Rs 10.7 lakh crore so far this fiscal, with Rs
Despite missing Street estimates on the revenue and net profit front in its October-December earnings, analysts have viewed the company’s performance with a cautious optimism. The company’s commentary on the revival of discretionary spending and its robust order book are key drivers behind this sentiment. However, analysts remain vigilant about the challenges of total contract
