Havells India partners Norway's Pixii AS to enter battery energy storage systems

Havells India to invest ₹255 crore to raise Karnataka cable plant capacity by 60%

Consumer electrical goods maker Havells India Ltd on Thursday (July 16) announced a further expansion of its cable manufacturing capacity at its Vasanthnarasapura Industrial Area facility in Tumakuru, Karnataka, with an additional investment of approximately ₹255 crore. The company plans to increase the annual cable manufacturing capacity at the facility to 7,34,640 km from the…

Read More
PC Jeweller seeks ₹1,000 crore via QIP, plans authorised capital increase

PC Jeweller seeks ₹1,000 crore via QIP, plans authorised capital increase

PC Jeweller Ltd‘s board has approved a proposal to raise up to ₹1,000 crore through a qualified institutions placement (QIP) in one or more tranches, while also approving an increase in the company’s authorised share capital, subject to shareholder and regulatory approvals. The company plans to increase its authorised share capital from ₹1,310 crore to…

Read More
US stock market today: Dow rises, S&P 500 and Nasdaq slip as semiconductor stocks decline

US stock market today: Dow rises, S&P 500 and Nasdaq slip as semiconductor stocks decline

US stocks opened mixed on Thursday, July 16, as investors digested a fresh batch of corporate earnings, monitored developments in the US-Iran conflict, and assessed the latest economic data. Weakness in semiconductor stocks weighed on technology shares despite a strong quarterly report from Taiwan Semiconductor Manufacturing Co. (TSMC). The Dow Jones Industrial Average rose 0.3%…

Read More
Nuvama sees nearly 25% upside in Siemens Energy India stock, gives 'BUY' rating

Nuvama sees nearly 25% upside in Siemens Energy India stock, gives ‘BUY’ rating

Siemens Energy India is well placed to benefit from India’s growing power transmission and energy infrastructure spending, according to Nuvama. The brokerage has initiated a ‘BUY’ rating on the stock with a 12-month price target of ₹4,200, citing strong growth potential in its power transmission business, export opportunities and a long-term opportunity from high-voltage direct…

Read More
Consumer electronics, M&A to power 26% earnings CAGR at Samvardhana Motherson through FY28: Nuvama

Consumer electronics, M&A to power 26% earnings CAGR at Samvardhana Motherson through FY28: Nuvama

Samvardhana Motherson’s strategy of expanding beyond its traditional automotive components business is expected to deliver faster earnings growth over the next two years, according to Nuvama Institutional Equities. The brokerage has retained its ‘Buy’ rating on the stock and raised its 12-month target price to ₹168 per share from ₹155, citing strong growth in consumer…

Read More
Adani strengthens defence play with full buyout of flight simulator firm

Adani strengthens defence play with full buyout of flight simulator firm

Adani Enterprises Ltd. said its wholly owned subsidiary, Adani Defence Systems & Technologies Ltd. (ADSTL), has signed a share purchase agreement to acquire the remaining 44.6% stake in Flight Simulation Solutions Pvt. Ltd. (FSSPL) from the existing shareholders. ADSTL currently holds a 55.4% stake in FSSPL. Upon completion of the transaction, its holding will increase…

Read More
Diamond Power Infrastructure bags ₹185 crore conductor order from Adani Energy Solutions

Diamond Power Infrastructure bags ₹185 crore conductor order from Adani Energy Solutions

Diamond Power Infrastructure Ltd on Thursday (July 16) said it has received a Letter of Award (LOA) from Adani Energy Solutions Ltd (AESL) for the supply of AL59 aluminium alloy conductors for two transmission projects, with the contract valued at ₹185.16 crore excluding Goods and Services Tax (GST). The order includes design, engineering, manufacturing, assembly,…

Read More
These companies could be the hidden winners of India's AI data centre push

These companies could be the hidden winners of India’s AI data centre push

India’s AI data centre expansion could create opportunities for electrical equipment manufacturers, with JM Financial Institutional Securities saying companies such as ABB, Siemens, Honeywell, Cummins and Kirloskar Oil Engines are well placed to benefit from the investment cycle. Speaking to CNBC-TV18, Priyankar Biswas, Head of Industrials and Logistics Research at JM Financial Institutional Securities, said…

Read More