Shares of Jupiter Wagons Ltd. gained as much as 7% after its subsidiary, Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRWF), signed a long-term supply agreement with Slovakia-based Tatravagonka a.s. on Wednesday, May 27, for the supply of railway wheels, axles and wheelsets to the European market. The company said the agreement positions India on the…
India’s largest oil producer, Oil and Natural Gas Corporation (ONGC), could finally be seeing a turnaround in its production outlook after years of slow growth and declining output from older fields. According to Probal Sen, Oil and Gas Analyst at ICICI Securities, the company’s expanded partnership with the UK’s BP and the ramp-up of key…
India’s quick commerce market still has enough demand to absorb a significant rise in infrastructure, despite concerns around overcrowding in large cities, according to Navin Killa, Head of APAC Telecommunications, Media & Internet at UBS Investment Bank. Speaking on the sidelines of UBS’ Asian Investment Conference 2026 in Hong Kong, Killa said the sector still…
HDFC Bank parking differential interest paid to Maharashtra State Road Development Corporation (MSRDC) under the marketing head is an industry-wide practice, four people with knowledge of the matter told CNBC-TV18. “It is an industry-wide practice. When you pay a differential amount to one depositor, you don’t want to set it as a precedent. So, it…
Shares of Kernex Microsystems (India) Ltd. gained on Wednesday, May 27, after the company said it has won a contract worth ₹475.21 crore from Chittaranjan Locomotive Works. The order is for the supply, installation, testing and commissioning of on-board Kavach loco equipment, the company said in an exchange filing. The same is to be completed…
Mrs Bectors Food Specialities reported steady growth across key financial metrics for the March quarter on May 27, supported by resilient demand for its biscuit and bakery products portfolio. Net profit for the January-March quarter rose 3.5% year-on-year to ₹35.4 crore from ₹34.2 crore a year earlier. Revenue increased 8.9% to ₹485.8 crore compared with…
Mphasis on May 27 launched “Mphasis Tria”, an enterprise agency platform aimed at helping businesses scale AI-led decision-making and operational execution across technology, commercial and business functions. The company said the platform is designed to move enterprises beyond AI experimentation into “governed, accountable and outcome-oriented actions” through a combination of enterprise knowledge systems, reasoning engines…
Shares of Carraro India Ltd. reversed as much as 18% from the highs of the day on Wednesday, May 27, after the company’s management issued a cautious outlook for the road ahead, after a strong fourth quarter performance. The stock, which was trading with gains of as high as 10% earlier in the day on…
Shares of TVS Srichakra Ltd. surged nearly 17% on Wednesday, May 27, after the company reported a strong performance in the fourth quarter. This is the biggest single-day gain for the stock since October 2025. The company’s earnings were better compared to the same quarter last year across all parameters in the fourth quarter. TVS…
India is struggling to attract global investor money because it is not being seen as a major artificial intelligence (AI) or semiconductor market, according to Arend Kapteyn, Global Head of Economics & Strategy Research at UBS. Kapteyn said global investors are currently focused on countries that are deeply linked to the AI supply chain, such…
