The equity benchmark indices BSE Sensex and NSE Nifty ended marginally lower in a mixed session on Wednesday (May 27), while broader markets outperformed, led by gains in metals, capital goods and auto stocks. The Sensex fell 142 points to close at 75,867, while the Nifty slipped 7 points to 23,907. In contrast, the Midcap…
JSW Steel has started work on its 13.2 million tonnes per annum (MTPA) greenfield integrated steel plant at Paradeep in Odisha, marking one of the company’s biggest investment projects so far. The plant will be developed in phases at an estimated cost of around ₹65,000 crore and will come up on nearly 2,950 acres along…
India’s markets regulator plans to tighten oversight of how companies use equity capital raised from public markets, according to a copy of draft proposals reviewed by Reuters. The proposals are aimed at bolstering investor confidence and accountability of issuers at a time when fundraising momentum has cooled due to a selloff in Indian equity markets…
The Reserve Bank of India (RBI) should avoid aggressive interest rate hikes even as high crude oil prices pressure the rupee and inflation, according to Devang Shah, Head of Fixed Income at Axis Asset Management Company. Shah believes sharply tightening monetary policy could hurt India’s growth momentum and create bigger problems for the economy if…
Global investor interest in India remains muted despite resilience in domestic markets, with valuations emerging as the biggest hurdle for foreign investors, according to Gautam Chhaochharia, Head of Global Markets at UBS. Speaking to CNBC-TV18 from the UBS Asia Investor Conference in Hong Kong, Chhaochharia said overseas investors continue to remain underweight on India even…
Global and regional investors remain firmly bullish on the artificial intelligence trade, with no immediate signs of fatigue despite concerns around crowded positioning in technology stocks, according to Gautam Chhaochharia, Head of Global Markets at UBS. Speaking to CNBC-TV18 from the UBS Asia Investor Conference in Hong Kong, Chhaochharia said AI emerged as one of…
West Coast Paper Mills reported a 17.9% year-on-year rise in consolidated net profit for the fourth quarter, helped by higher sales volumes, a better product mix and improved operational efficiency. Net profit for the quarter ended March 31, 2026, rose to ₹51.8 crore from ₹44 crore in the year-ago period, according to the company’s exchange…
Hikal reported a weak March quarter performance on May 20, with profit, revenue and margins declining year-on-year amid regulatory headwinds and one-time adjustments, although the company indicated signs of sequential recovery. Net profit for Q4FY26 fell 71.3% year-on-year to ₹14.4 crore from ₹50.2 crore in the corresponding quarter last year. Revenue declined 6% to ₹519.4…
The government will exercise the entire greenshoe option in the ongoing offer-for-sale (OFS) of Coal India after the issue received strong investor demand and was oversubscribed 8.14 times on the first day, according to an official statement on Wednesday. Allocation in the OFS will be done on a price-priority basis, while retail investors and eligible…
Indian stocks are set for their first annual decline in more than a decade, a Reuters poll of equity analysts found, as an exodus of foreign investors and limited exposure to an artificial intelligence (AI) boom batter what was Asia’s most attractive market. Benchmark equity indices in the world’s fastest-growing major economy are underperforming most…
