Investment by central government agencies and central public sector enterprises (CPSEs) rose 11.5% year-on-year to Rs 6.79 lakh crore in the first 10 months of the current financial year, reflecting a reversal of the trend of spending decline in most part of the year. The capex rise was aided by a spurt in spending by
Coal stocks at the country’s thermal power plants improved to 74% of the normative level as on February 19, compared to 62% in the same period of last year, data from the Central Electricity Authority showed. The country’s thermal plants had coal stocks of 53.09 million tonnes as on February 19 against the normative level
Mining major Vedanta’s proposal to demerge into five independent, sector-focused companies has been approved by its shareholders and creditors. According to the company’s stock exchange filing, the demerger was approved by 99.9987% of shareholders, 99.59% of secured creditors, and 99.9588% of unsecured creditors who voted in favour of the proposal. The demerger required an in-favour
Tata Consultancy Services (TCS) has collaborated with Salesforce to help customers in the manufacturing and semiconductor industries harness the power of artificial intelligence (AI) to drive business value. As part of this initiative, TCS has launched three programmes designed to support customers in these industries. These include the Semiconductor Sales Accelerator, which leverages data-driven insights
The Kalyani siblings, Baba Kalyani and his sister, Sugandha Hiremath, met in Pune on Thursday to resolve their ongoing dispute as per a suggestion from Pune civil court judge K M Jaisingani. However, the meeting remained inconclusive. ALSO READBurman Group acquires Religare Enterprises, named as promoters The judge intervened after Kalyani failed to arrive at
The Burman Group announced on February 20 that it has taken control of Religare Enterprises Limited (REL) and has been officially designated as its promoter. The Burman Group emphasised that its immediate priority is to ensure stability, enhance governance, and drive sustainable growth within the company. “Governance, trust, and integrity will remain at the core
Bharat Electronics (BEL) on Thursday announced that it has signed a contract with the Ministry of Defence for supply of Software Defined Radios (SDR) and Data Communication Terminals (DCT) for Indian Coast Guard. The order is valued at Rs 1034 crore (excluding taxes), it said in a regulatory filing. BEL elaborated, “The state of the
The Adani Group stocks are seeing steady upmove on some positive news flow about the company. As per the recent data shared by the company, its portfolio Trailing-twelve-month (TTM) EBITDA is up 10.1% YoY to Rs 86,789 crore. According to the statement from the Adani Group, the highlights of the Q3FY25 performance included that the
In recent times, silver has attracted a lot of attention from investors, and it is even performing better than gold. Historically, silver has remained under gold’s shadow. But if we look at the returns delivered by both precious metals in 1 year, silver has outperformed gold. In the last 1 year, silver prices have jumped
The Union Cabinet on March 19 approved an ‘Incentive Scheme’ for promotion of low-value BHIM-UPI transactions for the financial year 2024-25. The incentive scheme for promotion of low-value BHIM-UPI transactions (P2M) will be implemented at an estimated outlay of Rs 1,500 crore, Union Minister Ashwini Vaishnaw said in a press briefing after the Cabinet meeting.
The markets are moving upwards in bits and pieces. As the Nifty rallies towards 23,000, here are some interesting Buy recommendations by JM Financial Institutional Securities. The recommendations are based on share valuations as well as key sectoral dynamics. JM Financial Institutional Securities On Suzlon JM Financial Institutional Securities has maintained a Buy rating on
Defence stocks have seen a strong run up in trade today. Mazagon Dock rallied 10% intra-day. Several others like Garden Reach Shipyard hit 20% upper circuit in trade today. The other top gainers include Cochin Shipyard up 8.8%, HAL up 4.4%, Bharat Dynamics up 6%. Even BEL, a key Nifty stock, gained nearly 2%. One
The domestic key equity indices closed on a positive note for the second consecutive session on Wednesday. The NSE Nifty 50 rose 73 points or 0.32% to settle at 22,907, while the BSE Sensex rose 148 points or 0.20% to finish at 75,449. Nifty Realty and PSU Bank were the top gainers among the sectoral
