Shares of Solar Industries India Ltd. gave up early gains to trade lower on Thursday, July 9, after brokerage firm Kotak Institutional Equities initiated coverage on the stock with a ‘Sell’ rating. Kotak has assigned a target price of ₹10,300, implying a potential downside of around 43% from the stock’s previous closing price. The brokerage…
The equity benchmark indices BSE Sensex and NSE Nifty snapped a two-day losing streak on Thursday (July 9), although they ended well off the day’s highs. The Sensex rose 238 points to close at 76,742, while the Nifty gained 81 points to settle at 23,963, reclaiming the 23,950 mark. Bharti Airtel, HDFC Bank and Sun…
DEE Development Engineers has raised ₹300 crore via a preferential allotment of 59.76 lakh equity shares at ₹502 apiece, with the issue drawing a diversified mix of institutional investors, alternative investment funds and strategic investors. These include entities managed by WhiteOak Capital, Kotak Mahindra Trustee Company, ValueQuest and 360 ONE, alongside other long-term investors. The…
Tata Group giant Tata Consultancy Services Ltd. (TCS), reported results for the April-June quarter, which were in-line with the already muted street expectations. In rupee terms, TCS reported revenue of ₹72,275 crore, which is 2.2% higher compared to ₹70,698 crore that the company had reported in the March quarter. The figure is also marginally higher…
Defence stocks in India are trading at a 50% premium to global peers because growth has yet to unfold. Those who invested in Indian state-owned companies like Mazagon Dock, Garden Reach Shipbuilders, Bharat Electronics and Hindustan Aeronautics have seen their wealth grow manifold in the last five years as the Indian government increased its thrust…
Anand Rathi Wealth Ltd reported a 73.6% year-on-year rise in consolidated net profit to ₹163 crore for the quarter ended June FY27, compared with ₹94 crore a year earlier. The wealth management firm’s revenue from operations increased 17.5% to ₹322 crore from ₹274 crore a year ahead. As per the exchange filings, the company’s assets…
The Delhi High Court on Thursday dismissed a petition filed by former National Stock Exchange (NSE) Managing Director and Chief Executive Officer Chitra Ramkrishna challenging key provisions of the Prevention of Corruption (PC) Act, paving the way for proceedings against her in the alleged NSE co-location scam. A Division Bench comprising Justices Navin Chawla and…
Friday is expected to be an eventful session for Indian markets, with investors set to react to TCS’ June quarter earnings. Market participants will a…Read More 1/7 US Markets | US stocks advanced on Thursday, led by gains in semiconductor shares and easing oil prices, even as renewed tensions between the US and Iran kept…
State-owned Power Grid Corporation of India Ltd (POWERGRID) on Thursday (July 9) said it has been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) process to establish an inter-state transmission system project. The company has received the Letter of Intent (LoI) on July 9, 2026, for the project titled “Augmentation at Bhadla-III,…
Kolkata-based solar module maker Vikram Solar Ltd on Thursday (July 9) said it has entered into a Solar Cell Supply Agreement with Evervolt Solar Technology India Private Ltd to procure 130 MW of Mono-PERC 10BB DCR-compliant solar cells. The agreement was signed on July 8, 2026, and the solar cells will be supplied during the…
