A leading Indian engineering and manufacturing firm specialising in power equipment has secured a major new contract. Known for its critical role in the nation’s energy infrastructure, the company announced significant news. This article details its recent landmark order win for supplying and commissioning multiple high-capacity thermal power units.
Market News
Pharma stock jumps after receiving approval to raise ₹4,500 Cr via QIP
During Tuesday’s trading session, shares of a global biopharmaceutical company engaged in the manufacturing of biotechnology products and research services are in focus, after the company launched a Qualified Institutions Placement (QIP) to raise up to Rs. 4,500 crores.
HDFC Mutual Fund raises stake to 7.27% in this beaten down mid-cap stock
HDFC Mutual Fund has raised its stake in midcap stock BEML to 7.37 percent from 5.23 percent earlier.
According to the disclosure, HDFC Mutual Fund, through its various schemes, acquired an additional 8,49,308 equity shares of BEML Limited. Before the acquisition, the fund’s holding stood at 5.23 percent, representing 21,79,541 shares with voting rights. Following the transaction, its total holding increased to 30,28,849 shares, equivalent to 7.27 percent of the paid-up equity share capital of the company.
Adani Power Share Price Soars 9.5% as Acquisition Plan Gets Creditors’ Approval
Adani Power share, Adani Group stocks: Adani Power share price marched ahead in stock market trade on Tuesday, February 25, after the company’s resolution plan for the acquisition of Vidarbha Industries was approved by the Committee of Creditors.
MCX Copper futures trade higher on robust Demand
Copper futures traded higher on MCX, on account of enlargement of portfolios by the participants tracking robust demand for electric vehicles and renewable energy technologies. Further, persisting supply disruptions and curtailed inventory positions also encouraged red metal buying.
Sensex, Nifty: Will stock market rally post US Fed rate cut decision today?
Benchmark indices Sensex and Nifty were range-bound in Wednesday’s trade, much in line with Asian peers, as investors globally eye the outcome of the two-day US Federal Reserve’s policy review later today. Analysts are largely betting on a 25 basis points (bps) rate cut, though they do not rule out a bigger 50-bp move. What stock investors would cheer, analysts said, is a small cut with a dovish Fed commentary on future rate cuts.
Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,800
Gold Price Today:The price of 24-carat gold dipped Rs 10 in early trade on Tuesday, with ten grams of the precious metal trading at Rs 72,760, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 85,800.
Buy State Bank of India For Target Price Rs 535 | Neal Bhai Reports
Is it good time to buy SBI shares? – Buy call on State Bank of India with a target price of Rs 537. The current market price of State Bank of India is Rs 508.60.
Federal Reserve officials Signaled They are Ready to Cut Interest Rates
Federal Reserve officials signaled they are ready to cut interest rates by a quarter-percentage point at their coming meeting, while indicating the potential for additional reductions because they are worried about a slowdown in global growth, an increase in trade-policy uncertainty and a pullback in inflation.
Bonds Face Barrier in India as Banks Sell Into Every Rally
Public-sector banks have cut holdings by a net 290 billion rupees ($4 billion) this quarter, even as sovereign bonds are poised for their first quarterly advance in more than a year.