In a strategic move to strengthen its foothold in India’s pharmaceutical landscape, Torrent Pharmaceuticals Ltd announced on Thursday its decision to acquire an additional 2.41% stake in JB Chemicals & Pharmaceuticals Ltd (JBCPL) for a consideration of ₹620 crore. The transaction signals Torrent’s continued confidence in JBCPL’s growth potential and is likely to enhance its…
Shares of Tata Power Company Ltd fell nearly 2% in morning trade on Thursday, following news that an international arbitration tribunal has ruled in favour of Kleros Energy, ordering Tata Power to pay $490 million (approximately ₹4,095 crore) in a long-pending contractual dispute. The adverse verdict has raised concerns over financial implications for India’s largest…
Foreign portfolio investors (FPIs) continued their selling spree in Indian equities for the fourth consecutive trading session on Thursday, reflecting global risk-off sentiment amid rising US bond yields, geopolitical tensions, and profit booking in overheated sectors. Market analysts note that this persistent outflow pattern could keep Indian indices volatile in the near term. Key Highlights…
Trent Ltd, the retail arm of the Tata Group, witnessed a sharp sell-off on Thursday with shares plunging over 11% intraday, wiping out nearly Rs 310 crore from ace investor Radhakishan Damani’s portfolio in a single session. The decline comes amid concerns over rich valuations, profit-booking after a steep rally, and broader market weakness. Key…
India’s benchmark long-term government bond yields rose sharply in early trade on Thursday, extending losses from the previous session, as concerns over upcoming debt supply and global yield movements weighed on sentiment. The benchmark 10-year bond yield climbed to a two-week high of 7.24%, up from 7.19% on Wednesday, as traders braced for a fresh…
Crude oil prices could fall below $60 per barrel by December 2025, driven by sluggish global demand growth, ample non-OPEC supply, and potential easing of geopolitical tensions, according to the latest outlook released by S&P Global Commodity Insights. However, India is expected to remain a bright spot with continued robust oil consumption as its economic…
India is set to transform its chemicals sector into a $1 trillion global powerhouse by 2040, according to a detailed vision blueprint released by NITI Aayog this week. The strategic plan seeks to capitalise on the country’s natural advantages, robust domestic demand, and global supply chain realignment to position India among the top three chemical…
India is poised to emerge as a major beneficiary of ongoing global tariff-led trade realignments, according to a recent assessment by Moody’s Investors Service. The global credit rating agency highlighted that India’s competitive manufacturing landscape, proactive trade diplomacy, and reforms in ease of doing business place it favourably amid shifting supply chains and trade diversion…
India’s services sector witnessed a sharp acceleration in growth during June, with the Purchasing Managers’ Index (PMI) climbing to its highest level since August 2024, driven by strong domestic orders and sustained export demand, reinforcing optimism about the country’s economic resilience amid global headwinds. Services PMI Overview The HSBC India Services PMI, compiled by S&P…
Yes Bank shares recovered sharply from intraday lows after the private lender released its Q1FY26 business update, which highlighted robust growth in deposits and advances, alleviating market concerns over its credit growth trajectory and asset quality trends. Market Reaction Yes Bank opened weak on Thursday, falling nearly 3.8% to an intraday low of ₹17.85 per…
