&w=3840&q=100)
Stock Market LIVE: GIFT Nifty signals flat open for Sensex, Nifty; Asia dips on Moody's US downgrade
8:07 AM
Stock Market LIVE Updates: Inox Green signs agreements for O&M of 285 MWp of solar projects
Stock Market LIVE Updates: Inox Green Energy Services Ltd., India's leading renewables operations and maintenance (O&M) service provider, announced today that the company has entered into agreements to provide O&M services for 285 MWp of solar projects of two of India's leading renewable energy companies.
The projects are located across multiple sites which are owned by the said companies. With this agreement, Inox Green's solar O&M portfolio has grown to ~ 1 GW within a month of entering into this segment.
SK Mathu Sudhana, CEO of Inox Green, said, "We continue to rapidly add solar assets to our portfolio under O&M and we are delighted to announce that we have secured additional 285 MWp across multiple sites. As developers across India continue to add multi-gigawatt solar capacities every month, we believe that through our expertise, credentials and tailor-made solutions for solar project O&M, we are well-placed grow rapidly in this segment.'
8:05 AM
Stock Market LIVE Updates: Paint major Berger's palette finds contrast in a washed-out quarter
Stock Market LIVE Updates: Listed paint companies delivered another subdued performance in the January–March quarter (Q4) of FY25, with average revenue growth coming in at under 3 per cent. The overall numbers were dragged down by Asian Paints — the industry leader — which was the only major player to report a year-on-year (Y-o-Y) decline. Excluding Asian Paints, the rest of the sector posted a modest 5 per cent growth.
Top paint stocks have continued to underperform benchmark indices and sectoral peers such as the BSE FMCG and BSE Consumer Discretionary indices over periods ranging from three months to two years. Brokerages remain cautious on the sector, citing muted demand and growing competitive pressures. READ MORE
8:00 AM
Stock Market LIVE Updates: AIFs push to flip the switch on regulatory static to ease fund flows
Stock Market LIVE Updates: The alternative investment fund (AIF) industry has urged the market regulator to create an inter-regulatory platform where all stakeholders, including regulators such as the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (Irdai), can be onboarded to help address operational hurdles in domestic capital formation.
The Indian Venture and Alternate Capital Association (IVCA) made the request during a meeting with Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey last week, citing Sebi's role as the principal overseer of the industry. READ MORE
7:55 AM
Stock Market LIVE Updates: Street Signs: Markets stretch their legs, May 12's phantom rally, and more
Stock Market LIVE Updates: The Nifty benchmark jumped more than 1,000 points (4.2 per cent) last week, gussied up by positive developments, including the Pakistan ceasefire 'understanding', renewed hope for a US trade deal, and expectations of further Reserve Bank of India interest rate cuts.
The 50-share index closed at 25,020, positioning itself for a possible advance towards 25,500.
Technical analysts see last week's gains and broad sector support as signs of a bullish trend. Key indicators include the relative strength index staying above 60 and India Vix dropping nearly 23 per cent to 16.55. READ MORE
7:50 AM
Stock Market LIVE Updates: RBI seeks govt nod for bigger contingent risk buffer band after ECF review
Stock Market LIVE Updates: The Reserve Bank of India's (RBI's) central board, which met las week and reviewed the economic capital framework (ECF), has sought the government's approval to expand the range of the contingent risk buffer (CRB), multiple sources aware of the development told Business Standard.
The buffer is at 5.5-6.5 per cent of the RBI's balance sheet, which is in accordance with the recommendations of the Bimal Jalan committee. READ MORE
7:47 AM
Stock Market LIVE Updates: Raise, fold, and repeat: Promoters play a tense Q4 hand, shows data
Stock Market LIVE Updates: Max Financial Services, Ashok Leyland, Easy Trip Planners, and Kalyan Jewellers India saw the highest increases in promoter share pledging during the January–March quarter of FY25, according to a report by Kotak Institutional Equities (KIE).
On the other hand, companies such as Aster DM Healthcare, GMR Airports, and Swan Energy reported a reduction in pledged promoter shares.
Overall, promoter pledging inched up slightly to 0.86 per cent in the January–March period, compared to 0.84 per cent in the previous quarter (October–December FY25). A total of 69 companies had some level of promoter share pledging, with the total pledged value amounting to ₹1.57 trillion — representing just 0.43 per cent of the BSE 500's market capitalisation. READ MORE
7:43 AM
Stock Market LIVE Updates: Gold price falls ₹10 to ₹95,120; silver down ₹100, trades at ₹96,900
Stock Market LIVE Updates: The price of 24-carat gold fell ₹10 in early trade on Monday, with ten grams of the precious metal trading at ₹95,120 according to the GoodReturns website. The price of silver fell ₹100, with one kilogram of the precious metal selling at ₹96,900.
The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹87,190.
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹95,120.
In Delhi, the price of ten grams of 24-carat gold stood at ₹95,270. READ MORE
7:34 AM
Stock Market LIVE Updates: Semicon 2.0: India eyes 5% slice of global semiconductor chip pie by 2030
Stock Market LIVE Updates: The central government is targeting a 5 per cent share of global semiconductor chip production by 2030 as it prepares to launch the next phase of the India Semiconductor Mission, dubbed Semicon 2.0. This comes alongside the rollout of disbursements from the previously announced $10 billion incentive package aimed at attracting semiconductor fabrication (fab) units, as well as Outsourced Semiconductor Assembly and Test (OSAT) and Assembly, Testing, Marking, and Packaging (ATMP) companies.
Under the scheme, five projects have already qualified for support, marking a significant step forward in India's ambitions to become a key player in the global semiconductor ecosystem. READ MORE
7:33 AM
Stock Market LIVE Updates: US-China tariff truce: Indian shippers see cargo rush, freight rates surge
Stock Market LIVE Updates: After the United States (US) administration announced a 90-day pause on the tariff war with China last week, Indian shippers are facing the risk of being caught in disruption in global supply chains because Chinese goods are seeing an evacuation rush.
'The US-China announcement on the temporary lowering of tariffs fired the starting gun for shippers to rush as many imports as they can during the 90-day window of opportunity. READ MORE
7:30 AM
Stock Market LIVE Updates: Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches
Stock Market LIVE Updates: The government plans to divest a 6.5 per cent stake in Life Insurance Corporation (LIC) of India over the next 24 months through multiple tranches, as part of a broader strategy to initiate a series of share sales in central public-sector enterprises (CPSEs) during the current financial year. The move aims to help these firms meet the minimum public shareholding (MPS) norms set by the stock market regulator.
'We will adopt a strategy of regular offers for sale (OFS) in smaller tranches this year. This serves as a forward guidance for small investors to stay alert for these opportunities,' said Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM), in an interview with Business Standard.
Although most CPSEs now comply with the MPS rule requiring at least 25 per cent public shareholding in listed companies, some entities in sectors such as defence, railways, and finance still fall short. 'We are actively pursuing their disinvestment, and we hope to bring them in line with MPS norms within the next year,' Chawla added. READ MORE
7:29 AM
Stock Market LIVE Updates: India will stay the top market for 20 more years, says Vikas Khemani
Stock Market LIVE Updates: Foreign flows to Indian stock markets have started to trickle in as geopolitical developments back home and US tariff-related fears have abated. Vikas Khemani, founder, Carnelian Asset Management, tells Business Standar d that global investors are significantly underweight on India, and that this will change over the next five to 10 years. He expects India's equity weight in major global fund allocations to increase over the next decade, which could result in an inflow of $1.5 trillion — a substantial figure given India's current market capitalisation of $5 trillion. READ MORE
7:25 AM
Stock Market LIVE Updates: Stock tips, May 19: Concor, TVS Motor among top bets suggested by analyst
Stock Market LIVE Updates: CONCOR has shown impressive growth, surging over 12 percent in the past trading week. This surge has been accompanied by an increase in average trading volumes, which suggests that market interest is building and points to the possibility of a reversal in its trend. Also, the stock has surpassed its 100 DEMA after a long period.
Additionally, the MACD line signifies a positive crossover near its zero line, adding a bullish quotient. Overall, these technical indicators suggest that CONCOR may be entering a period of sustained growth, making it an intriguing option for those looking to invest. READ MORE
7:24 AM
Stock Market LIVE Updates: Moody's downgrade of US rating may not dent stock markets much: Analysts
Stock Market LIVE Updates: Analysts believe that global financial markets are unlikely to react strongly to Moody's downgrade of the United States' credit rating from AAA to Aa1, aside from a possible short-term, knee-jerk response.
On the domestic front, Indian stock markets are expected to remain more focused on local factors such as the progress of the monsoon, corporate earnings, and key economic data. Ongoing discussions around tariff-related issues with the US will also play a role in shaping market sentiment.
Experts noted that Moody's decision appears aimed at aligning its rating with those of Fitch and S&P, which had already downgraded US credit in earlier years. Fitch lowered its rating to AA+ in August 2023, while S&P made a similar move back in August 2011. READ MORE
7:23 AM
Stock Market LIVE Updates: America loses last AAA credit rating: What happened and what it means
Connect with us on WhatsApp
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
3 hours ago
- Mint
M&M bets on multi-powertrain platform to beat rivals, meet emission norms
Next Story Ayaan Kartik M&M joins Tata Motors in securing access to a technology platform that can accommodate multiple powertrains. Tata Motors has access to Modular Longitudinal Architecture technology through its arm Jaguar Land Rover. The MLA platform can accommodate petrol, diesel, plug-in hybrid and EVs. Mahindra Group Managing Director and Chief Executive Officer Anish Shah. Gift this article Mumbai: Mahindra & Mahindra Ltd will develop new petrol, diesel and electric vehicle models on one common technology platform that will give it the flexibility to meet global emission norms and adjust its products based on market demand, as competition in the world's third-largest automobile market intensifies. Mumbai: Mahindra & Mahindra Ltd will develop new petrol, diesel and electric vehicle models on one common technology platform that will give it the flexibility to meet global emission norms and adjust its products based on market demand, as competition in the world's third-largest automobile market intensifies. While revealing its new vehicle platform NU_IQ, the company on Friday unveiled design prototypes of four new sports utility vehicles (SUVs) that will be based on the platform. These SUVs based on the new platform will begin arriving in the markets in 2027. The automaker, however, did not commit to the launch of hybrid vehicles just yet. Mahindra & Mahindra (M&M) joins Tata Motors in securing access to a technology platform that can accommodatemultiple powertrains. Tata Motors has access to Modular Longitudinal Architecture (MLA) technology through its wholly-owned British subsidiary Jaguar Land Rover. The MLA platform can accommodate petrol, diesel, plug-in hybrid and battery electric vehicles. Vehicle platforms or architecture are the foundational structure of the car with major components and systems in place on which different models can be developed. The new set of announcements was part of the company's annual event held on 15 August, with this year's edition in the country's financial capital Mumbai. 'Hybrid vehicles are not part of the architecture yet. This platform is currently focused on petrol, diesel and electric vehicles," Rajesh Jejurikar, executive director and chief executive officer (auto and farm sector), M&M, told reporters on the sidelines of the launch. 'Our earlier stance on electric vehicles remains unchanged, which is that if there is customer demand, we will bring hybrid vehicles." Mahindra and Mahindra's share price has increased by 6% so far in 2025, as against a 4% rise in the benchmark Nifty50. Mahindra is locked in a fierce battle with Hyundai Motor India and Tata Motors to occupy the second spot in India's automobile pecking order. So far in FY26, Mahindra has been able to beat Hyundai to the second spot in terms of wholesales in all four months, but it in retail sales in July. Also Read | Mahindra looks to acquire 350-acre land parcel in Igatpuri The Indian subsidiary of the Korean giant announced at the January-March earnings call that it will launch hybrid vehicles and soon roll out 26 vehicles in the country to take back market share and hold on to the number two position, which it has occupied since the financial year 2009. Anish Shah, group CEO at Mahindra and Mahindra, said that after years of dominance by foreign carmakers, domestic companies are finally making their mark. 'There was a time not long ago, global automakers dominated the Indian roads. Today, the tide has turned. Indian companies like Mahindra are at the forefront of technology, scale and ambitions," Shah said at the gathering. His comments come after Mahindra dislodged Hyundai Motor India from the second position in the first quarter of the current financial year. Subhabrata Sengupta, partner at Avalon Consulting, noted that the biggest advantage that Mahindra gets from the new platform is the ability to hedge according to market needs. 'A platform where ICE (internal combustion engine) and EV can be developed gives the company the flexibility to react quickly to market trends. If EVs pick up more, the company can move production to meet demand quickly, and vice-versa," Sengupta said. The development of a multiple powertrain model also comes at a time when the new emission norms, CAFE 3, are scheduled to come into force in 2027. Jejurikar emphasised that the new tech platform will allow it to be flexible with production of vehicles, enabling it to meet emission norms effectively. CAFE 3 (Corporate Average Fuel Efficiency) norms are India's upcoming regulations aimed at reducing carbon dioxide emissions from vehicles. These norms will set a cap on the average CO2 emissions of a carmaker's entire fleet, pushing them to produce more fuel-efficient vehicles. 'The new platform will allow the company to accommodate production requirements quickly between diesel, petrol and EVs with CAFE norms in mind. Currently, most of the Mahindra sales are coming from diesel models which are fuel-guzzling," Sengupta added. In FY25, 77% of Mahindra's total 551,000 sales in the domestic market were diesel models. With the Bureau of Energy Efficiency (BEE) finalising the CAFE 3 norms, automakers are in talks with the government to seek relaxations, saying that the proposed targets are too stiff. Jejurikar remained unfazed about the looming threat of strict implementation of fuel efficiency norms in the country and different regulations in foreign markets where Mahindra is looking to establish its presence using its current products and new line-ups for 2027. 'We will follow a phased approach to enter different markets. In the first phase, we will enter our known markets such as South Africa and Australia followed by further expansion to new markets over the next years," he said. To accommodate development of electric and ICE vehicles on the same platform, the company will utilize a capacity of 240,000 units from 2027at its Chakan plant for the production of newly-designed vehicles. To increase exports, Mahindra is looking to introduce its India-made electric cars in the UK and other global markets. Topics You May Be Interested In Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Economic Times
4 hours ago
- Economic Times
Enterprises see AI's main value in better decision-making rather than as an automation tool: Survey
TIL Creatives All large enterprises covered in a survey see the main value of artificial intelligence in improving the decision-making process rather than its use as a pure automation tool, a business-to-business publication firm CIO & Leader said on Friday. Generative AI deployments have grown five times since 2023, transforming creative processes from marketing content to software code, and by the end of 2025, 30% of IT services will be fully automated by AI, the State of Enterprise Technology Survey 2025 said. The survey is based on insight received between May and July 2025 from over 350 chief IT officers or chief technology officers of enterprises having an annual turnover of over Rs 5,000 crore. "100% of enterprises cite better decision-making through insights as their top AI priority, reflecting AI's role as a cognitive enabler rather than just an automation tool," the report to the survey, 98.4% of enterprises prioritise cost reduction and process efficiency and operational agility or business resilience for AI adoption, showing the technology is valued for both immediate returns and long-term adaptability, while 96% see AI's value in customer experience enhancement, as it offers personalisation, service automation, and interaction insights."93% of enterprises will increase AI and analytics investment in 2025, with more than half projecting significant budget hikes," the survey said. The use of AI in IT operations has made it the most mature use for the technology, as 41% of enterprises are using it for functions such as automation, anomaly detection, and ticket triage. AI adoption in finance (31%) and customer service (28%) is being driven by forecasting tools, chatbots, personalisation, and self-service 90% of enterprises see data security and privacy as top barriers to AI adoption, followed closely by data quality 85% of enterprises prefer building AI capabilities internally, with 51 per cent rating it as their "most likely" approach. "The investment intent is crystal clear: Indian enterprises want AI embedded into the fabric of decision-making. The challenge is ensuring that these investments mature into governed, measurable programmes rather than isolated experiments," CIO&Leader, executive editor and research lead Jatinder Singh said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? As big fat Indian wedding slims to budget, Manyavar loses lustre As 50% US tariff looms, 6 key steps that can safeguard Indian economy Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30% F&O Radar | Deploy Bear Put Spread in Nifty to play index's negative stance amid volatility Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
Economic Times
5 hours ago
- Economic Times
Dow hits record high at open on rate-cut optimism, UnitedHealth boost
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
