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Jupiter Wagons shares surge 7% on acquisition of Log9's battery tech assets

The deal includes Log9’s engineering and production teams, as well as its manufacturing facility in Devanahalli, Bangalore.Read more

Indian steel firms slash prices amid rising imports to protect market share

The recent capacity expansions by major players like JSW Steel, Tata Steel, and Jindal Steel and Power Ltd (JSPL) have come online amid a slowdown in demand, leading to an oversupply in the market.Read more

Himadri Speciality Chemical targets 18% market share in carbon black by FY26

The company is investing approximately Rs 2.2 billion in this expansion, which will more than double the capacity of its specialty carbon black line to 130,000 MTPA.Read more

Shyam Metalics shares rise 3% post expansion announcement in steel and aluminium

Shyam Metalics operates a unique business model in the metals industry, sourcing around 80% of its power from captive plants.Read more

India's global FDI share drops to 2.1% in 2023

Nearly 49.5% of FDI during October 2019–March 2024 went to Maharashtra and Gujarat, 30.3% to the Karnataka-Tamil Nadu-Andhra-Telangana region, and the remaining 17.8% to Delhi and Haryana.Read more

Samvardhana Motherson reports Q1 results; rise in profit, loss in share price

Following the results, Samvardhana Motherson's shares fell by as much as 4.5%, closing 2.8% lower at Rs 182.9. Despite this decline, the stock has gained 70% in 2024.Read more

Jindal Stainless BSE shares down by 2.89 % despite input in Navy’s SMART system

The company informed that the product could withstand high pressure and temperature during flight.Read more

JSW MG Aims 33% EV Passenger market share in 6 years

JSW Group will hold 35 per cent stake in the newly formed JSW MG Motor India with Indian financial institutions and domestic MG Motor dealers holding 8 per cent and 3 per cent besides employees owning 5 per centRead more

Tamil Nadu tops in number of factories, Gujarat excels in industrial output

The ASI report also points out that in FY22, 20 per cent of India’s factories, close to 50,000, were not operationalRead more

NTPC's USSC clinches top honor at 9th global procurement summit

The event organised by AIMA in collaboration with the World Bank, Ministry of Finance (MoF), and Ministry of Electronics and Information Technology (MoE&IT), witnessed fierce competition among 23 PSU and Non-PSU contestants.Read more

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