BUSINESS
L&T wins Rs 2,500-5,000 crore grid infrastructure orders in Middle East; stock trades mildly lower
Larsen & Toubro said it has won large orders in the range of Rs 2,500-5,000 crore for its Power Transmission & Distribution business for grid infrastructure in the Middle East.
BUSINESS
Waaree Renewable Technologies stock soars over 13% today to new all-time high after Q2 net profit doubles
Waaree Renewable Technologies share price jumps over 13 today to hit a fresh all-time high, after the company's Q2 net profit more than doubled.
BUSINESS
DMart shares fall 2.8% after Q2 earnings; brokerages flag margin pressure, mixed outlook on online biz
Avenue Supermarts share price today: Analysts noted stabilisation in Avenue Supermarts' gross margins in Q2, they flagged rising operating expenses, slower same-store growth, and the scaling back of its online venture. Higher employee and finance costs weighed on margins.
BUSINESS
Silver ETF prices ease today after blistering rally; HDFC Silver ETF slides over 4%
Despite partially cooling off today, all major Silver ETFs remain sharply higher for the week -- up between 8 and 9 percent over the past five sessions.
BUSINESS
Bank Nifty climbs 1% to above 56,750; PSU stocks spearhead rally with SBI, PNB in focus
With PSU banking stocks leading a rise in Bank Nifty, analysts see improving sentiment in the banking sector after a brief consolidation phase.
BUSINESS
TCS Q2 net profit up 1.4% YoY at Rs 12,075 crore; IT co declares Rs 11 dividend, unveils giga AI plan
TCS Q2 FY26 Results: Tata Consultancy Services second quarter net profit slightly missed expectations. India's largest IT firm unveiled an ambitious plan to build a 1 GW capacity AI datacentre in India.
BUSINESS
LG Electronics India IPO: Bargain pricing surprises street; industry leader seeks listing at steep discount to peers
Despite scale, profitability and returns superior to peers, LG Electronics India is listing at 35x FY25 earnings, a steep discount to the sector’s 60x average. That explains why brokerages have recommended ‘subscribe’ or even ‘must subscribe’ for LG Electronics India’s public issue.
BUSINESS
L&T shares rise 1.5% after winning over Rs 15,000-crore ultra-mega hydrocarbon order in Middle East
L&T's Middle East ultra-mega project involves engineering, procurement, construction, installation, and commissioning of an NGL plant designed to process Rich Associated Gas (RAG) and produce value-added products.
BUSINESS
Tata Capital IPO: A long-term compounding play backed by scale, governance, credit growth visibility
Tata Capital IPO: Brokerages view Tata Capital as a structural compounder which can steadily improve profitability as funding costs ease and synergies from the TMFL merger are realised -- a long-distance financial franchise, aligned with the credit demand that outpaces supply.
BUSINESS
Tata Capital IPO: Margins under pressure as funding costs rise and provisioning buffers thin
Tata Capital enters the market while navigating a phase of margin compression. While analysts expect profitability to recover, for investors, the IPO is essentially a play on the Tata group’s long-term resilience rather than short-term margin expansion.
BUSINESS
Tata Capital IPO: Strong franchise, fair valuation -- is the Tata premium justified?
Tata Capital IPO: Investors must assess whether Tata Capital’s governance strength and lower-risk profile justify a near-peer valuation despite its thinner margins and profitability.
BUSINESS
US shutdown unlikely to hurt economy; S&P Ratings lowers recession risk, sees two more Fed rate cuts this year
S&P Global Ratings has lowered its probability of a US recession beginning in the next 12 months to below 30% -- a downward revision from a 35% probability estimated earlier in the year during the peak of trade tariff tensions.
BUSINESS
Om Freight Forwarders IPO subscribed 4 times on final day of bidding amid strong NII, retail participation
By 3:09 pm on the last day of bidding, Om Freight Forwarders' Rs 122.31-crore issue had been subscribed 3.58 times, with investors putting in bids for 2.83 crore shares against 79.17 lakh shares on offer.
BUSINESS
Should you subscribe to LG Electronics India IPO? Cheaper valuation, superior returns, market leadership
At the upper end of the price band, the IPO of LG Electronics India is valued at a post-issue P/E multiple of 35.1x FY25 earnings.
BUSINESS
Maruti Suzuki delivers 1.65 lakh vehicles in Navratri, eyes 2 lakh sales this festive season
This is the first time in a decade that Maruti Suzuki has topped one lakh deliveries during the Navratri days, reflecting strong demand. The auto major expects to sell 2 lakh vehicles in this festive season.
BUSINESS
Nifty Metal index climbs 1.8%; Tata Steel, Nalco, Hindalco shares lead gains on positive global cues
Global cues turned supportive for capital-intensive sectors such as steel, with expectations of a U.S. Federal Reserve rate cut this month. The European Union’s reported plan to raise tariffs on imports may end up helping Tata Steel rather than hurting.
BUSINESS
Tata Motors demerger creates two distinct bets: EVs and global luxury vs India’s infra backbone
By splitting into two listed entities, Tata Motors aims to let one business raise the capital needed for global EV and luxury ambitions -- despite falling EV volumes -- while the other leans on stronger balance sheets to ride India’s freight and infrastructure upswing.
BUSINESS
Sensex gains 356 pts, Nifty ends above 25,100; financial, auto stocks lead, Fed rate cut hopes lift sentiment
The upmove in Indian equities came on the back of upbeat global cues, easing volatility, and rising expectations that the US Federal Reserve will deliver a rate cut at its policy meeting next week.
BUSINESS
Jerome Powell’s 10 warning shots at Trump’s tariff war: Fed Chair pushes back
From inflation risks to stalled growth, US Fed Chair Jerome Powell delivered a sharp rebuke of President Donald Trump’s tariff-driven trade policy with 10 pointed warnings at his post-Fed meeting briefing.
BUSINESS
US Fed adds export warning to policy statement, flags rising economic risks amid Donald Trump’s tariff war
The US Federal Reserve flagged rising risks to both inflation and employment, while newly added language pointed to export volatility linked to President Trump’s tariff actions. Fed Chair Powell warned the larger-than-expected tariffs could hurt growth and jobs.
BUSINESS
As Trump, Putin agree to talks on ending Ukraine war, global oil and food markets eye supply relief
Donald Trump and Vladimir Putin’s agreement to negotiate an end to the Ukraine war has sparked market optimism. Oil prices fell, stock futures rallied, and analysts anticipate energy and food trade flows to improve, though key uncertainties remain.
BUSINESS
Key factors driving Sensex, Nifty recovery today after 3% crash over 6-day losing streak
Indian share markets recovered, with Sensex and Nifty rising after six days of losses, supported by US-Russia peace talks and easing oil prices. India's five-month low CPI inflation also boost RBI rate cut expectations.
BUSINESS
ICICI Pru’s S Naren asks investors to protect 5-year gains, says midcap, smallcap stocks overvalued
ICICI Pru CIO S Naren urged investors to protect gains made over the last five years, warning that mid- and small-cap stocks are highly overvalued. He recommended a diversified asset allocation strategy to manage risks.
BUSINESS
Gift Nifty rises ahead of India market open as Wall Street cautious on Fed signals; focus on Modi-Trump meet
Gift Nifty futures edged up on Wednesday, signaling a positive start for Indian markets after Tuesday’s sharp sell-off. Global cues remain mixed as Wall Street digested Fed Chair Jerome Powell's neutral stance on rate cuts, while investors await the crucial Modi-Trump meeting.
