India’s growth in 2024 and beyond will be strongly driven by major advancements in key sectors, with infrastructure development playing a crucial role. Infrastructure is essential for India to become a US $26 trillion economy. The government has demonstrated its commitment to future infrastructure through several recent initiatives. The US $1.3 trillion national master plan, …
Cement is crucial in shaping the infrastructure, from towering skyscrapers and sprawling residential communities to essential roadways and bridges. The market size of India’s cement industry reached 3.96 billion tonnes in 2023 and is likely to touch 5.99 billion tonnes by 2032, reflecting a CAGR of 4.7% during 2024-32. Investing in cement stocks showcases a …
Tata Motors is set to strengthen its position in the SUV market with the introduction of its new mid-size SUV coupe, the Curvv, priced starting at ₹9.99 lakh. The Mumbai-based automaker, which unveiled the electric version of the Curvv in August, is entering a segment currently led by South Korean and Japanese brands. The Curvv …
DSP Mutual Fund is set to launch a unique passive fund or ETF that will equally invest in the top 10 companies of the Nifty 50 index. This move comes at a time when investor interest is shifting towards mid and small-cap stocks, leaving large-cap companies relatively undervalued. The proposed fund will focus on heavyweight …
On August 12, benchmark indices Nifty and Sensex ended nearly unchanged, erasing all of their earlier gains. Nifty 50 and Sensex were down 0.08% at the close, closing at 24,347 and 79,648, respectively. Top Gainers and Losers Now, speaking of sectors, all sectors appeared in the green, with Nifty Realty, Nifty Consumer Durables, Nifty Metal, …
On August 05, 2024, the benchmark indices Nifty 50 was down 2.68% to close at 24,055.60, and Sensex was down 2.74% to close at 78,759.40. Top Gainers and Losers On the sectoral front, Nifty Metal, Nifty Media, Nifty Realty, Nifty Auto, Nifty Oil and Gas, and Nifty IT were declining. The top gainers were Hindustan …
SJVN Ltd has announced that it has received a Letter of Intent from the Government of Mizoram for the allotment of the Darzo Lui Pumped Storage Project. This significant development marks SJVN’s first venture in the state of Mizoram and is set to be a major addition to its portfolio. The Darzo Lui Pumped Storage …
Tata Motors, one of India’s leading automotive manufacturers, reached a significant milestone on Thursday as its market capitalisation exceeded the esteemed Rs 4 lakh crore mark for the first time. This achievement was driven by a notable rally in the company’s shares, which surged by 6.2%, closing at Rs 1,091. Market Performance and Optimism Analysts …
Strong Order Book Signals Growth Potential Praj Industries reported a significant increase in order inflows for FY24, particularly in their engineering division, which has doubled compared to previous periods. This translates to a robust order book of Rs. 38,550 million as of March 2024, indicating a promising pipeline for future revenue generation. While the full …
The Indian benchmark indices showcased a positive trend, with Sensex and Nifty rising by 0.38% and 0.31%, respectively. On Tuesday, the NSE benchmark surpassed the 24,400 mark, achieving a new all-time high of 24,401.20, slightly above its previous peak of 24,401 recorded on July 04, 2024. Key Contributor: ITC One of the major contributors to …
