Due to a positive forecast for demand, cement manufacturers plan to invest Rs 1.25 lakh crore over the fiscal years 2025–2027.

According to a CRISIL Ratings report, India’s cement manufacturers are anticipated to invest around Rs 1,25,000 crore in capital expenditure (capex) during the fiscal years 2025–2027. It also stated that the pursuit of market share and a positive prognosis for demand will be the driving forces behind this. The projected expenditure will be 1.8 times…

Read More

L&T secures an impressive order for its transportation infrastructure division.

In the context of the Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra, Larsen and Toubro (L&T) stated on Wednesday that its Transportation Infrastructure company had obtained a sizable order for the Integrated Infrastructure Development project in Town Planning Schemes 2 to 7. The project was given the go-ahead by City and Industrial…

Read More

Financial services stocks worth of $1.8 billion were sold by FPIs when the market fell.

Data from the National Securities Depository (NSDL) shows that in the first half of August, foreign portfolio investors (FPIs) sold shares worth $1.76 billion of financial services businesses, marking the largest outflow from the industry since January. With $2.24 billion in total sales, the financial services industry accounted for over 78% of all net outflows…

Read More

Trent, BEL may receive $900 million in inflow from a possible Nifty inclusion.

If Trent and Bharat Electronics (BEL) are included in the September review’s Nifty 50 index, they might draw inflows of approximately $900 million. The modifications will become effective on September 30 and will be made public on August 23. These two stocks will replace Divi’s Laboratories and LTIMindtree. The firm estimates that Trent might experience…

Read More

July WPI inflation in India drops to 2.04% as manufactured product prices decline.

The provisional data released by the Ministry of Commerce & Industry on Wednesday showed that the increase in prices of food articles, food product manufacturing, mineral oils, crude petroleum & natural gas, other manufacturing, etc. was the main cause of India’s wholesale price index (WPI)-based inflation for July, which eased to 2.04% on an annual…

Read More

IPOs are scheduled to launch in August: Securities valued at Rs 22,000 crore will be released.

Four initial public offers (IPOs) totaling more than Rs 11,850 crore were completed in the first week of August, demonstrating that the volatility in global equities hasn’t dulled the shine on the primary market. This pattern will probably continue as 25 companies that have received approval from the Securities and Exchange Board of India (Sebi)…

Read More