JK Cement Ltd. on Wednesday, May 20, said the Madhya Pradesh government has has issued a letter of intent to the firm for the mining lease of the Itauri Jharkua block. The state government’s mineral resource department had declared JK Cement the ‘preferred bidder’ for the mining lease of the Itauri-Jharkua Limestone Block on March…
Citi says the US-Iran war and Iran closing the Strait of Hormuz will drive a record aluminium supply deficit, pushing prices to record highs and supporting bullish trades. Supply shocks from the US-Iran war in the Middle East are set to send aluminium inventories to all-time lows, while prices soar to new heights, according to…
UBS says easing US China tensions and Chinas growing AI ecosystem revive the case for Chinese equities, favoring Hong Kong listed tech, financials, and commodity linked industrials. China’s expanding AI ecosystem and easing US-China tensions are reviving the case for Chinese equities, in particular the technology sector, according to UBS. Continue Reading with CNBC-TV18 Access…
HSBC warns of AI stock concentration in Asia, highlights 10 forgotten gems including Hong Kong Exchange, Fuyao Glass, WuXi AppTec, PT Telkom, Samyang Foods and Godrej Properties. Since the release of ChatGPT in late 2022, AI has been a dominant theme in global markets. Investors have piled into AI stocks, sending companies such as Nvidia,…
Not oil, not Artificial Intelligence, but the return of inflation is the single biggest risk to the global markets, according to the Bank of America Global Fund Manager Survey. Conducted between May 8 and May 14, 2026, the survey polled 200 panelists overseeing a massive $517 billion in assets, revealing a landscape defined by extreme…
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, says small caps could outperform over the next two years as earnings growth recovers and balance sheets improve. He believes the recent correction has removed excess euphoria from the segment, while operating leverage and capacity utilisation could drive strong profit growth ahead. Jaipuria is also positive on…
Shares of IRB Infrastructure Developers Ltd. gained over 6% on Wednesday, May 20, after the company reported its fourth quarter earnings which were stronger on the operating front. While the company’s profitability, Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) and EBITDA margins grew from the year-ago period, the topline was lower compared to last…
Shares of Samvardhana Motherson International Ltd. gained as much as 3% on Wednesday, May 20, in response to its fourth quarter results that were higher than street expectations and on some positive management commentary. The automotive component manufacturer reported a consolidated net profit of ₹1,497 crore, comfortably outpacing the CNBC-TV18 poll estimate of ₹1,303 crore….
Rail Vikas Nigam Ltd. has emerged as the lowest bidder (L1) for a project from North Eastern Railway worth ₹129.46 crore, the company announced on Wednesday, May 20. In an exchange filing, RVNL said the order involves the design, supply, erection, testing and commissioning of traction substations along with associated switching posts for a 2×25…
Shares of Parle Industries surged sharply and hit upper circuit after a viral video featuring Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni triggered a social media frenzy around Melody toffees. The rally came despite Parle Industries having no connection with Melody candies or Parle Products, the privately held maker of brands such…
