UltraTech Cement has announced its plans to enter the wires and cables industry with a capex of around ₹1,800 crore over 2025-27. It is renowned as a flagship cement company of the Aditya Birla Group. Previously, it has forayed into the paints and coatings business in 2024. UltraTech Seeks Growth in Cables During 2019-2024, the …
Mumbai, Mar 12 (PTI) Equity benchmark indices Sensex and Nifty closed moderately lower on Wednesday due to heavy selling pressure in IT, telecom, and realty stocks amid growing concerns over a possible global economic slowdown. The 30-share BSE Sensex fell 72.56 points or 0.10 per cent to close at 74,029.76. During the session, it tumbled …
A day after IndusInd Bank shares fell 27%, the stock is in focus as CEO Sumant Kathpalia assured that the bank aims to recover the losses caused by an accounting issue in past derivative transactions within this quarter. Despite concerns, Kathpalia stated that both the fourth quarter and full-year results would remain profitable. This statement …
Reliance Jio has signed an agreement with SpaceX to introduce Starlink’s satellite internet in India. This comes just a day after Bharti Airtel announced a similar partnership. However, the deal is subject to SpaceX receiving approval from the Indian government to offer Starlink services. Under this partnership, Jio and SpaceX will explore ways to integrate …
After winning the Dharavi slum redevelopment project, the Adani Group has now secured another massive redevelopment project in Mumbai—Motilal Nagar. The project, worth ₹36,000 crore, is located in Goregaon (West) and covers 143 acres, making it one of the city’s largest housing redevelopment initiatives. Adani Group Wins Against L&T Adani Properties Pvt Ltd (APPL) emerged …
On Wednesday, March 12, 2025, the Indian IT sector witnessed a sharp decline, with the Nifty IT index plummeting over 3% as fears of a potential US recession rattled investor sentiment. The decline has now pushed the index into bear market territory, having plunged 22% from its 52-week high of 46,088.90, recorded in December 2024. …
On March 12, 2025, BSE Sensex closed 0.10% lower at 74,029.76, while Nifty50 fell 0.12% to 22,470.50. Amidst the market volatility, stocks like Carysil Ltd, Sepc Ltd, and Axiscades Technologies hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today. Stocks That Hit Upper Circuit on March 12, 2025 Symbol LTP %chng …
The Competition Commission of India (CCI) has given the green light to ONGC-NTPC Green Pvt Ltd (ONGPL) for acquiring Ayana Renewable Power Pvt Ltd in a deal valued at ₹19,500 crore ($2.3 billion). ONGPL is a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL). As per the CCI’s statement: “The …
SEPC Ltd., a leading civil construction firm, witnessed over 19% surge in its share price during early trading on Wednesday. This came after the company announced a significant framework agreement with the Riyadh-based ROSHN Group for infrastructure development in Saudi Arabia. The deal marks a major step forward for SEPC, reinforcing its presence in the …
As per news reports, Vodafone Idea (Vi) has failed to submit a bank guarantee (BG) worth ₹6,090.7 crore or make a cash payment of ₹5,493.2 crore to the Department of Telecommunications (DoT) by the deadline of March 10, 2025. This payment was required to cover the shortfall from the 2015 spectrum auction. The government is …
