Track Financial News

Genus Power Infrastructures hit a 5% upper circuit at Rs 273.8 in Tuesday's trade on BSE after the firm bagged an order worth Rs 3,115.01 crore for smart prepaid meters. In an exchange filing, Genus Power stated that its wholly-owned subsidiary had received two letters of awards totalling Rs 3,115.01 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs), including the design of an AMI system and the supply, installation, and commissioning of 34.79 lakh smart prepaid meters, system meters, including DT meters, and associated energy accounting on a DBFOOT basis. The bidding procedure for smart meters has already started in many State Electricity Boards (SEBs), demonstrating the benefits of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme.' «Our total order book now stands at over Rs 14,000 crore – which gives visibility into robust future revenue growth. We have a strong track record of delivering metering projects on time and within budget.

closely monitoring the safety of its employees in Israel amid the ongoing war between Israel and Hamas. “We are monitoring, and have been in touch with the HR (human resources) officials there.

e-commerce giant has teased several deals and discounts on its platform. SBI cardholders can avail a 10 percent instant discount on their purchases. Interestingly, the sale is featuring discounts of up to 40 percent on mobiles and accessories, and up to 75 percent on laptops, smartwatches, and other items.

Asian Games goes to India Inc. Many of the medal winners are backed by top corporate houses such as Reliance Industries, Tata group, JSW Group and Adani Group that support budding talent in preparing for the global stage with sponsorships, scholarships, training and other initiatives.

By Svea Herbst-Bayliss and Dawn Chmielewski

MUMBAI : Economists are paring back their expectation of a rate cut to beyond the first quarter of fiscal year 2025, following a hawkish policy stance from the Reserve Bank of India. In its recent policy last week, RBI Governor Shaktikanta Das made it clear that the central bank’s inflation target is 4% and not 2 to 6%. According to RBI’s estimates, inflation is expected to average 4.5% in fiscal year 2025.

By Steven Scheer and Ari Rabinovitch

BEIJING/TAIPEI (Reuters) — China on Monday extended an investigation into what it calls Taiwan's trade barriers against it by three months to the eve of the island's presidential election, prompting Taipei to accuse Beijing of attempting to interfere in the vote.

Investing.com — The safe-haven U.S. dollar gained in early European trade Monday as the escalation of the conflict in the Middle East hit risk sentiment, following on from last week’s strong payrolls report.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

The stuttering energy transition is forcing big industrial companies like Boral to temporarily shut down cement production to avoid peak electricity prices, putting at risk the nation’s build-out of housing and infrastructure stock.

Bill Wavish has outlined his “fix-it” plan to shareholders for getting Endeavour Group back on track and recovering some of the $5.6 billion of market value lost by the pubs and liquor business over the past year to “pet projects” and diminished confidence in its strategy.

The federal government’s $387 billion price tag to replace Australia’s coal-fired power stations with small modular nuclear reactors “doesn’t make sense,” an executive from US manufacturer Westinghouse Electric has claimed, arguing the price could be much cheaper.

And we know it’s a flood. You want to get in fast…and your aim is to get out before the tide turns…or perhaps just after it turns. On the other hand is the investor who is, for lack of a better word, a contrarian.

₹192.25 on 29th September, however had corrected more than 5% during the previous week as it stood amongst the largest losers amongst Nifty stocks, following correction in crude prices. The global slow down concerns had weighed on the crude prices during the last week that had otherwise been rising on supply side concerns due to production cuts by Russia and Saudi Arabia. The Israel Palestine Crisis now however is leading to the expectations of rebound in crude prices and remains supportive for ONGC stock prices.

Hamas on Saturday represented an equally stunning intelligence failure by Israel that involved undetected warnings, overwhelmed missile defenses and a slow response by apparently unprepared military forces, former and current U.S. officials said. American officials said Hamas had achieved a complete tactical surprise, reflected in a death toll of at least 700 Israelis.

solar eclipse will occur across North America on Saturday, Oct. 14.Unfortunately for Canadians, the eclipse — annular, not total, but more on that later — will track south of the border, though its sky-darkening effects will still be seen north of the 49th parallel.The eclipse’s path will start over the Pacific Ocean, west of Vancouver Island, then will track southeast.It will make landfall in Oregon, just below Portland around 9:15 a.m.

Ari Mervis will succeed Myer chairwoman JoAnne Stephenson, who will retire from the department store board at the annual general meeting after seven years as a director and many prickly battles with major shareholder Solomon Lew.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! "The agents were tasked with assassinating Hardeep Singh Nijjar, the Sikh leader in Canada. Following the meeting, the CCP agents meticulously executed the killing plan," she claimed. Explaining their modus operandi, the independent blogger alleges, "On June 18th, the agents armed with silenced guns tracked Nijjar.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says he “would tend to be underweight on external oriented sectors. This includes metals, energy and even IT to that extent. We believe that the growth story of the world is at least a couple of years away in terms of the world booming back to growth. It is going to be an extended slowdown. False alarms will keep coming. We would rather stay cautious on the side lines.” What will happen to global sectors? Metal is a bet on China. IT is a bet on the US. Manufacturing is a bet on Europe. What happens there? Globally we are not very positive on what is happening in the US GDP data and all seems to keep surprising us. But if you look at the credit cycle that is happening there, people are revolving credit like there is no tomorrow. There is a slowdown in jobs. So, we believe that a slowdown is inevitable. Now, between a hard landing and soft landing, one could have probability factors but we do not think that there is a growth story in the world yet. We believe that the world is going to go through an extended period of slowdown. Europe will suffer a little more. So, we would tend to be underweight on external oriented sectors. This includes metals, energy and even IT to that extent. We believe that the growth story of the world is at least a couple of years away in terms of the world booming back to growth. It is going to be an extended slowdown. False alarms will keep coming. We would rather stay cautious on the side lines.

offshore funds in financial centres like Singapore. In the past one month around four ultra-high net worth individuals were allowed to remit money to foreign funds whose managers are regulated but not the fund themselves, sources told ET. The development is being closely tracked by private wealth managers and financial experts catering to rich clients who typically park a slice of their wealth in overseas securities, art, properties and funds betting on startups and other investment themes across markets. Such a diversified investment strategy ran into a hurdle a year ago when the Reserve Bank of India (RBI) laid down new dos and don'ts of overseas investments.