India's solar module manufacturing capacity is expected to reach approximately 95 GW by the end of 2025, according to Mercom Capital. The solar module manufacturing capacity as of September last year was 39 gigawatt (GW), the research firm said in its latest report. "India's solar module manufacturing capacities announced...39 GW at the end of September [...]
IT hardware and mobile accessories firm Balaji Solutions and Enviro Infra Engineers, which provides solutions for waste water treatment, have received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs). The two companies, which filed their preliminary IPO papers with Sebi during August and September 2022, obtained the observation letters on [...]
Indian markets opened in the green on Tuesday and market observers are waiting for cues from the economic survey that will be tabled today in the Parliament. Investors are closely tracking updates and opinions regarding the budget. Here are three stocks that turned multibaggers and generated more than 10x returns after the previous budget: Mercury [...]
Godrej Properties Ltd on Tuesday said it has bought an 89-acre land parcel at Khalapur in Maharashtra to develop a housing project as part of its expansion plan to grow business. In a regulatory filing, Godrej Properties informed that it has entered into an agreement for outright purchase of a land parcel in Khalapur - [...]
Billionaire Gautam Adani's embattled group clutched on to a USD 400-million investment by Abu Dhabi's International Holding Co. in its flagship firm's share sale to restore confidence in the conglomerate that saw nearly USD 70-billion rout in value after a tiny New York short seller came out with a damning report. Adani, 60, who was [...]
IIFL Finance on Monday reported a 37 per cent growth in net profit at Rs 423 crore in the three months to December on higher advances. Total income rose 30 per cent on-year to Rs 1,339.4 crore in the third qurter of the current fiscal, the company said in a statement. Growth in core products [...]
Haryana's annual budget for 2023-24 will focus on promoting exports from the state, millet products and creating employment opportunities for the youth, chief minister Manohar Lal Khattar said on Monday. "By promoting exports, foreign exchange will come into the country and the economy of the state will be strengthened," he said while addressing the pre-budget [...]
The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 percent from 6.8 percent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global [...]
Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down from [...]
Equity benchmarks declined in initial trade on Tuesday amid an overall weak trend in the global markets as investors adopted a cautious approach ahead of the Union Budget presentation and interest-rate decision from the Federal Reserve. Also, continuous foreign funds outflow played spoilsport for the markets. The 30-share BSE benchmark Sensex declined 203.74 points to [...]
