Adani Power’s market cap now stands at Rs 4.77 lakh crore, while Infosys ranks at the 12th position with a market cap of Rs 4.69 lakh crore. Adani Power has surpassed IT major Infosys in terms of market capitalisation to become the 11th most valued firm in the Indian stock market. Adani Power’s market cap…
DetailsApril data belies West Asia conflict, new data sources on services, updated WPI set to be released. The new series of the Index of Industrial Production with a base year of 2022-23 released on Monday reported factory output at 4.9% in April 2026 from 3.2% in March 2026, belying the impact of the West Asia…
DetailsHindalco expects high double-digit growth in domestic aluminium downstream business in FY27, driven by ramp-up at its new rolling facility, Aditya FRP, and expansion into higher-value products Hindalco Industries expects unit Novelis to deliver earnings of about $500 per tonne in fiscal 2027 and sees strong demand across its Indian aluminium and copper businesses, a…
DetailsTata Projects will execute construction work for three luxury residential developments by Godrej Properties along Gurugram’s Golf Course Road Godrej Properties Limited (GPL) has partnered with Tata Projects on three of its luxury projects in Gurugram, with a combined contract value of around ₹1,100 crore. Tata Projects is the engineering and construction arm…
DetailsThese eight sectors expanded by 1 per cent in the same month last year. The pace of expansion was 1.2 per cent in March Production growth in eight core infrastructure sectors rose 1.7 per cent in April, driven by higher output of steel, cement and electricity, according to government data released on Wednesday. These…
DetailsKiran Jani, Head of Technical Research at Jainam Broking, sees 23,200 as a strong support level for benchmark Nifty50, adding that if the index decisively holds 23,200, then traders can expect 24,500-24,800 levels in the upcoming months. Offering a stock-specific view on Tata Motors (Commercial Vehicles) Ltd (TMCV) in Business Today Television’s (BTTV’s) Daily…
DetailsApollo Micro Systems saw a 5.6% rise to ₹311 as investors reacted positively to its strong March quarter results, reporting an 81.3% YoY revenue increase to ₹293.26 crore and a 163.5% jump in PAT to ₹36.79 crore. Apollo Micro Systems, a multibagger defence stock, closed 5.6% higher at ₹311 apiece in Monday’s trade on May…
DetailsGoldman Sachs projected relatively stable steel prices across major global markets through the remainder of 2026, with US steel prices expected to remain stronger than those in Europe, China and Brazil. Global steel prices continued to climb across major markets in April and early May, with Brazil emerging as the strongest-performing region, even as China’s…
DetailsThe loss marks Air India’s biggest annual loss since the airline was acquired by the Tata Group in 2022 Indian carrier Air India reported a loss of S$3.56 billion, or around $2.8 billion at current exchange rates, in 2025-26, which marked its largest annual loss since the Tata Group regained control of the airline in…
DetailsRising global prices of the precious metals, preferential access through India-UAE CEPA could keep value, volumes high. With mounting pressure on the current account deficit, the Centre has more than doubled the customs duty on gold and silver to 15% from 6%. It has similarly hiked the import duty on platinum to 15.4% from…
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