Shares of Premier Energies Ltd. recovered after falling as much as 6% in early trade on Monday, July 20, with the stock turning positive after the company’s management said the Centre’s latest relief under the Approved List of Models and Manufacturers (ALMM) policy is unlikely to materially impact domestic solar manufacturers. The stock fell as…
So far, rainfall across India has remained significantly below normal aside from a brief improvement in weather conditions over parts of eastern and northern India. The outlook isn’t any better. “I’m a little afraid. It’s not looking good. It’s looking a little scary,” GP Sharma, President of Skymet Weather Services, said while discussing the outlook…
Chipmakers are in focus on Wall Street, with their shares turning mercurial this month and investors banking on a few dozen newly valuable companies to deliver nearly half of S&P 500 profit growth for the second quarter. The PHLX Semiconductor index has surged this year, reflecting massive gains at firms such as Micron Technology, Advanced…
JSW Steel expects higher production and sales volumes to support earnings in the July-September quarter of 2026 (Q2FY27) despite seasonal weakness in steel demand and higher coking coal costs, according to Jayant Acharya, Joint Managing Director & CEO of JSW Steel. The ramp-up of the blast furnace at Vijayanagar and improved operations in the US…
Telangana-based integrated manufacturers of solar cells and solar modules Premier Energies expects no meaningful impact on its business after the government extended limited exemptions under the Premier Energies for certain renewable energy projects until December 31, 2026. Vinay Rustagi, Chief Business Officer of Premier Energies, said the extension applies only to the corporate solar segment,…
Markets regulator SEBI on Monday imposed a penalty of ₹1 crore on Central Depository Services (India) Ltd (CDSL) for cybersecurity lapses linked to the malware attack that disrupted its systems in November 2022. The regulator, however, disposed of adjudication proceedings against the former Chief Information Security Officer Rajesh Nadkarni and former Chief Technology Officer Amit…
Domestic institutional investors (DIIs) continued to provide support to Indian equities on Monday, extending their buying streak to nine consecutive trading sessions even as foreign institutional investors (FIIs)/foreign portfolio investors (FPIs) remained net sellers. According to provisional exchange data, DIIs purchased equities worth ₹16,187.84 crore and sold shares worth ₹14,875.81 crore, resulting in a net…
UltraTech Cement Ltd has reiterated that it remains on track to enter the wires and cables business by the early third quarter of FY27, as the company looks to diversify beyond cement and strengthen its presence across the building materials value chain. Speaking after the company’s June quarter earnings, the management reaffirmed its planned launch,…
Fintech major One97 Communications Ltd (Paytm) on Monday (July 20) reported continued growth across its payments business, with merchant gross merchandise value (GMV) rising 31% year-on-year to ₹7.1 lakh crore during the June quarter. Paytm reported a 79% year-on-year increase in consolidated net profit to ₹220 crore for the quarter ended June 30, 2026, compared…
Along with Q1 FY27 results, One 97 Communications, the parent entity that operates fintech platform Paytm, has decided not to proceed with its proposed maiden bonus share issuance. Following a board meeting held on Monday to review the performance for the first quarter of the financial year 2026-27, the company stated that its primary focus…
