GM Breweries Ltd. fell as much as 7% from the highs of the day, in reaction to its quarterly results announcement on Thursday, April 9. The stock, which surged as much as 5% in the initial response to the earnings, but then reversed course to turn negative. For the March quarter, GM Breweries reported a…
India’s general insurance sector reported varied premium growth trends for March, with some private insurers outperforming the broader industry even as overall expansion remained moderate. Data released for the month showed that ICICI Lombard General Insurance recorded a 21% year-on-year increase in gross direct premium income, significantly higher than the industry-wide growth of around 8%…
Shares of Bharat Heavy Electricals Ltd. (BHEL) the state-run company, are trading with gains of 5% on Thursday, April 9, extending their gains for the third straight day. Two factors are contributing to the surge seen in the stock price in today’s session. First is CNBC-TV18’s report from Wednesday, citing industry sources that the company…
Russia is seeking to leverage a global natural gas supply crunch to lure energy-starved South Asia into purchasing shipments from its US-sanctioned facilities, according to people familiar with the matter. The shipments were being offered at a 40% discount to spot prices last week via little-known intermediary companies based in China and Russia, said the…
A powerful new artificial intelligence model from Anthropic has set off a coordinated response among top global financial regulators, with authorities in the US, Canada and the UK moving within days to assess risks and shore up bank defences against a new class of cyber threats. The urgency was underscored in Washington this week, where…
Dilip Buildcon Ltd. on Thursday, April 9, said it has been declared the lowest (L1) bidder for a ₹268 crore project in Gujarat, awarded by the Narmada Water Resources, Water Supply and Kalpasar Department. The project, to be executed in a joint venture with RBL (DBL-RBL JV), involves designing and constructing the Ged barrage along…
Praveen Sahay, Research Analyst at PL Capital, a Mumbai-based online broking firm, is leaning towards diversified consumer durable companies LG Electronics India or even Havells India over pure air-conditioner (AC) plays that are bracing for two straight summers of weak demand. Watch the full conversation here “The last 15 days of March, the summer especially…
Shares of Sterlite Technologies Ltd. are trading with gains of up to 10% on Thursday, April 9. Brokerage firm Nuvama has a ‘Buy’ rating on the stock and has raised its price target to ₹280 from ₹200 earlier. Historically, Sterlite Technologies has been focused on telecom-driven demand, including 5G network upgrades, fibre-to-the-home, and rural broadband….
Bharat Heavy Electricals Ltd. (BHEL) on Thursday, April 9, said it has signed a technology collaboration agreement (TCA) with South Korea’s E2S Company Ltd. to strengthen its capabilities in excitation systems for synchronous machines. The agreement covers static excitation systems (SEE) and brushless excitation systems (AVR), the company said in an exchange filing. Under the…
Shares of Ola Electric Mobility Ltd., which have witnessed a sustained sell-off in recent months, gained as much as 17% on Thursday, April 9. The stock has risen nearly 55% in the last seven trading sessions, having registered gains in five of those. Ola Electric Mobility shares fell to their all-time low of ₹22.25 apiece…
