Gujarat Gas asks industries to review April usage as prices double, supply tightens
Industry players warned that if allocations fall below 70% of requirements, production may not be viable to restart.
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Cement stocks decline up to 3% even as HSBC says capacity additions to peak in FY27
HSBC said capacity additions for the cement firms will peak in the financial year 2027. It estimates supply and demand dynamics to turn supportive from financial year 2028.
India market selloff opens buying window in financials, private banks: Allspring’s Prashant Paroda
Prashant Paroda, Portfolio Manager-Emerging Markets at Allspring Global Investments says recent market corrections have made Indian equities broadly attractive, with sharp declines in financials and communication stocks creating buying opportunities, especially in private banks, if the geopolitical situation improves within…
Rupee may weaken further as oil shock persists: ANZ’s Dhiraj Nim
Dhiraj Nim, Economist, FX Strategist at ANZ Research warns that the currency is still adjusting to an adverse oil shock and may weaken toward 95 if pressures persist. While the RBI is allowing the exchange rate to act as a…
Nifty may fall another 7-8% as earnings outlook weakens, warns Invesco’s Taher Badshah
Tahir Badshah, CIO of Invesco Mutual Fund, warns that FY27 earnings growth expectations may be halved to 6-7%, adjusting market valuations to an average of 19 times forward earnings. He projects a potential further downside of 7-8% for the Nifty…
Shreehas Tambe to be new MD & CEO of Biocon as Siddharth Mittal transitions to new group role
Biocon has appointed Shreehas Tambe as the new CEO and MD of the company, with effect from April 1, 2026, and also appointed Kedar Upadhye as the chief financial officer of the firm.
Oracle Financial shares jump 7% on $100 million deal with US bank
Oracle Financial Services Software signs $100 million perpetual licensing deal with a US global bank, boosting OFSS shares despite steep fall from record highs.
Acme Solar shares jump 6% as Investec joins list of ‘consensus buy’ ratings
Acme Solar is undergoing a structural transition, evolving from a mid-sized solar developer into a leading FDRE player. This shift is being driven by its focus on solar-wind-storage hybrid solutions that enable round-the-clock clean power.
Anthropic gears up to go public, Claude AI maker may issue IPO around October
Anthropic PBC eyes October IPO near 60 billion as it rivals OpenAI Inc., with Goldman Sachs, JPMorgan, Morgan Stanley in talks after massive backing from Microsoft and others.
Fino Payments Bank shares gain 3% after CEO gets bail, new developments at board
Fino Payments Bank has withdrawn the re-appointment of Rishi Gupta as MD and CEO for now, and will seek shareholder approval at an appropriate time after receiving clarity from the RBI on his ‘fit and proper’ status.