State-run construction company NBCC India Ltd on Wednesday (June 3) said it has secured work orders worth around ₹83.24 crore, excluding GST, in the ordinary course of business. The company received a ₹39.99 crore order from Canara Bank for the construction of a residential building at Borivali West, Mumbai. NBCC also secured a ₹5.51 crore…
India’s largest low-cost carrier, IndiGo, on Wednesday (June 3), said it has suspended flight operations to and from Kuwait until 12 pm on June 4, 2026, due to the ongoing closure of Kuwait airspace. IndiGo said it remains in close coordination with relevant aviation authorities and is continuously monitoring the situation. The airline said flight…
Jonathan Garner, Chief Asia and Emerging Market Equity Strategist at Morgan Stanley maintains an ‘equal weight’ stance on India. While the outlook for Indian companies remains healthy, the scale of earnings growth in countries such as South Korea and Taiwan is proving difficult to match, he noted. Speaking from the side-lines of the Morgan Stanley…
Indian Energy Exchange Ltd (IEX) on Wednesday (June 3) reported an 18.6% year-on-year increase in electricity traded volume for May 2026 at 12,983 million units (MU), driven by higher energy consumption and record peak power demand in the country. India’s energy consumption stood at 164.98 billion units (BU) during May 2026, up 11.5% from a…
This development comes on the same day the Government of India opened its Offer for Sale (OFS) to divest up to 6 per cent stake in NHPC at a floor price of Rs 71 per share. The move by LIC signals strong institutional confidence in the power utility even as the government proceeds with its…
Indian stock market traded in the deep red, with benchmark indices Sensex and Nifty plunging over 1 per cent each as rising uncertainties around Iran-US war, persistent FII selling and other factors dampened investor sentiment. The 30-share BSE Sensex fell 303.67 points or 0.41 per cent to close at 74,346.17, while NSE Nifty declined 77.95…
Q4 Earnings Outlook: Prateek Agrawal of Motilal Oswal AMC shared his outlook exclusively on ET Now. He talked about sector rotation, investment strategy, and where opportunities could emerge in the coming months. Go through the article to understand which sectors may lead the next leg of market performance and how investors should position themselves in…
Notablt, Garner emphasised that the FII exodus is not an India-specific phenomenon. “The kind of FII selling that you’re seeing in India is also taking place in other markets… like Indonesia… Southeast Asia, and even in a market like Australia,” he pointed out. “Investors are withdrawing portfolio flows and investing in the north of Asia.”…
Shares of NHPC Ltd. gained 5% as its offer for sale (OFS) opened for retail investors on Wednesday, June 3. Retail investors fully subscribed to the OFS as they bid for 6.19 crore shares of the 3.01 crore shares on offer on Wednesday. At the end of the March quarter, retail investors held 8.28% stake…
Capacite Infraprojects Ltd. on Wednesday, June 3, said it has secured an order worth ₹589 crore from a subsidiary of Raymond Realty Ltd. The company, in a stock exchange filing, said, it received a letter of intent (LoI) from the Raymond Realty subsidiary Ten X Realty East Ltd. for the civil core and shell works…
