In a significant move, the United States on Wednesday removed restrictions on three Indian nuclear entities, over a week after National Security Advisor Jake Sullivan announced that Washington was finalising steps to 'remove' hurdles for civil nuclear partnership between Indian and American firms.
The increased focus on infrastructure development and housing sector is expected to raise demand for cement,
Sensex sinks 573 pts on global tensions and high crude prices
JSW Paints, part of $23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm.
Indian billionaire Gautam Adani-led group's Haifa port in Israel was unharmed by the Iranian ballistic missile attack, with cargo operations progressing unhampered, sources said. Late on Saturday night, Iran targeted Israel's Haifa port and a nearby oil refinery in response to Tel Avi's attack on Iranian nuclear and other targets earlier this week.
The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.
Audiences will hope that Rajinikanth's Coolie, Lokesh Kanagaraj's action film and Rajkumar Hirani's Dadasaheb Phalke biopic are not marred by Aamir Khan's disconcerting, repetitive performances. Aamir's real strength lies in championing stories that challenge conventions and are considered risky by mainstream filmmakers.
Among Sensex firms, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined. Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement were among the gainers.
Cement companies witnessed speculative support from investors through FY23 amid hopes of a rebound. After capex announcements in the FY24 Budget, there was further interest due to expectations that government expenditure would boost earnings, besides a generic macro-recovery. Cement earnings were under pressure in FY22 and FY23 due to high raw material and fuel costs; muted demand prevented them passing on the higher cost.
Jasprit Bumrah, Ravindra Jadeja and Yashasvi Jaiswal have been recognised for their exceptional performances in 2024 by being named in the ICC Men's Test Team of the Year.
Analysts expect Nifty to rise up by to 6 per cent in six months, with intermittent corrections likely due to global factors.
Rohit Sharma was honoured with a stand named after him at Mumbai's iconic Wankhede Stadium on Thursday.
A 'special message' from India's pace spearhead Jasprit Bumrah on the eve of Cameron Green's back surgery gave the Australian all-rounder the much-needed reassurance about his decision to go under the knife.
Kohli's skill and spikiness on the field reminded many of their own: Australian media
From the Sensex firms, Mahindra & Mahindra, HCL Tech, Tata Motors, Nestle, ITC, Hindustan Unilever, Larsen & Toubro, and Tech Mahindra were the biggest gainers. In contrast, Eternal, UltraTech Cement, Power Grid, Tata Steel and Kotak Mahindra Bank were among the laggards. Eternal dropped 4.51 per cent.
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict.
'When we were able to visit his home, they just sort of ran up. They were hugging him.' 'He was just incredibly kind and generous to them.'
Chinese equipment is comparatively cheaper than those from Europe. Puneet Dalmia, managing director, Dalmia Cement, said, "At present, we have no plans to bring machinery from China as there are unclear evidences regarding how long the plant would last." Cement majors such as ACC and Shree Cement has imported a small part of their equipment need from China, but these do not make part of the main cement plant.
India's trade relations with Turkey and Azerbaijan are expected to come under strain due to Ankara and Baku backing Islamabad and condemning India's recent strikes on terror camps in Pakistan. Following their support to Pakistan, calls for boycotting Turkish goods and tourism have surfaced across the country, with online travel platforms such as EaseMyTrip and Ixigo issuing advisories against visiting these nations.
Palzor Tamang becomes only the second Sikkimese cricketer to secure an overseas club deal after Nilesh Lamichaney
Foreign brokerages remain cautious on the road ahead for the Indian equity markets. Though analysts at Nomura have revised their March 2026 Nifty target to 26,140 levels from the earlier 24,970, but the upside from the current levels is a modest 6 per cent. BofA Securities, on the other hand, has not made any change to its year-end Nifty target.
The Chinese military on Monday denied reports that its largest military cargo plane has carried arms supplies to Pakistan and warned legal action against those spreading such rumours.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
'The chief minister believes the poorest of the poor have the first right on government resources.'
The chairman of the JSW Group of companies, Sajjan Jindal, whose stake in the group is valued at $14.5 billion (Rs 1.1 trillion), is betting $4.5 billion of his personal fortune in the firm's bid for Ambuja Cements. According to bankers, Jindal's contribution will be a combination of share sale and debts raised by pledging the stake of the target entities with private equities. The JSW Group chairman has offered $7 billion for Ambuja Cements, including $2.5 billion of investments from private equities, the Financial Times reported on Tuesday.
Over 60 companies are ready to launch IPOs in the coming months.
England trounced Zimbabwe by an innings and 45 runs, with four sessions to spare, in the one-off Test at Trent Bridge on Saturday.
No author in the Malayalam literary canon has influenced and profoundly changed the way normal people interact with each other than the ever-relevant, eclectic yet elusive body of work left behind by MT Vasudevan Nair, notes Arjun Menon.
As India get set to take on England in a five-match Test series, starting in Leeds on June 20, a look at the upcoming milestone for their top players.
'It is important India to stay focussed on its primary national objectives: Combating terrorism; not losing sight of other security and strategic concerns (on the Sino-Indian front for instance); ensuring a strong economy and registering growth which includes improving the lot of common people; and finally making certain that the social fabric remains intact and harmony among people is not jeopardised, at least any further,' asserts Nilanjan Mukhopadhyay.
Needed: Speedy implementation of infrastructure related projects and liberalisation of private sector participation in the infrastructure sector.
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
Four-time Odisha MP Pinaki Misra's wedding to firebrand TMC MP Mahua Moitra in a quiet, intimate ceremony that chose privacy and tradition over fanfare, was a reflection of his personal style.
Foreign investors have infused nearly Rs 8,500 crore in the country's equity markets last week, after a phase of heavy outflows earlier in the month, supported by renewed investor confidence, resilient domestic economy and relative insulation from global trade disruptions. During the holiday-truncated week ended April 18, Foreign Portfolio Investors (FPIs) made a net investment of Rs 8,472 crore in equities.
From the lad with spiked hair lifting the U19 World Cup to the statesman in whites scoring one final ton -- Virat Kohli's journey is one of relentless ambition, transformation, and enduring legacy.
Thrown into the spotlight in just his second ODI, Varun Chakaravarthy made the opportunity count in spectacular fashion.
'One good outcome of Operation Sindoor -- perhaps, its best outcome -- could be that India has resumed meaningful contact directly with Pakistan at the military-to-military level,' observes Ambassador M K Bhadrakumar.
Ayush Mhatre's dazzling start to his IPL journey continued in his first home game for Chennai Super Kings at the MA Chidambaram Stadium on Friday.
JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
The sector may be overcrowded with a fair number of large players and the entry of the Adani Group through its two key acquisitions, followed by the takeover of majority stake in Sanghi Industries via Ambuja Cements. Since every major player is in expansion mode, there could be a capacity surplus and hence, price wars.
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