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BloombergQuint | Latest and Live Business, Market, Political and Economy News - Economy
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India’s Big Ask From Starlink: Entry Costs, Legal Guardrails, Security Clauses
The gateway to India’s satellite communication (satcom) industry is being opened to global players — but only after they tick all the boxes outlined by the Indian Government. Elon Musk’s Starlink may have been given the LoI but what price does Starlink have to pay before it is awarded the unified licence?
India Shines As Favourite Global Bet Amid Oil And Dollar Tailwinds For Raymond James' Matt Orton
India stands out as the top global investment bet for Matt Orton, head of advisory solutions and market strategy at Raymond James Investment Management, buoyed by lower oil prices and a softer dollar. “India has been a clear beneficiary of these tailwinds, and its domestic growth trajectory remains solid,” Orton said. India’s economy has been resilient amid global volatility, supported by robust structural reforms and strong domestic demand, he said.
Reliance Power Share Price Rallies Over 52% In A Month — Should You Buy, Sell Or Hold?
Reliance Power Ltd. resumed its upward trend after a nearly 6% decline on Tuesday. The decline came after the shares hit a fresh life high this week. Anil Ambani-led Reliance Power shares rallied as much as 8.09% to touch a new high of Rs 62.80 apiece on Monday. This was after the shares rose nearly 16% on Friday, taking last week's gain to 21%. In the last five sessions, the shares have risen 40.41%, while they were up 4.87% so far this week alone.
Garden Reach Shipbuilders (GRSL) Share Price Soars Up 100% YTD — Should You Buy, Sell Or Hold?
Shares of multibagger shipyard Garden Reach Shipbuilders and Engineers Ltd. rose as much as 10% in Wednesday's early trade, hitting a fresh record high, boosted by an order win from Norway's Kongsberg to build India's first polar research vessel. The construction of the vessel will take place indigenously in India. The project will also take into account the requirement of the National Centre for Polar and Ocean Research, which will use it for research activities in the polar and southern ocean.
Adani Airports Secures $750 Million For Capex, Refinancing
Adani Airports, India's largest private airport operator and a subsidiary of Adani Enterprises Ltd., has successfully raised $750 million through External Commercial Borrowings from a consortium of international banks. The financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank.
Google Pixel 10 Series To Be Unveiled On Aug. 20: Report
The Google Pixel 10 series is set to be launched in August 2025, according to a report. Moreover, reports about the phone’s specifications have surfaced online as well amid the speculations over the launch date. According to an Android Headlines report, this year’s Made by Google event is scheduled for Aug. 20 and it will see the unveiling of the Google Pixel 10 series. The latest lineup includes the Pixel 10, Pixel 10 Pro, Pixel 10 Pro XL and Pixel 10 Pro Fold models.
Shriram Finance: Motilal Oswal's Top Pick In NBFC Sector — Here's Why
Shriram Finance Ltd. is currently facing transitory headwinds in its asset quality (compounded by weakness in economic activity) and net interest margin compression (driven by surplus liquidity on the balance sheet). We expect these headwinds to gradually subside as over the last two years, the company’s execution on AUM growth and asset quality has been far ahead of its peers.
Vodafone Idea Turning Out To Be Humpty Dumpty On Verge Of A Great Fall
India’s third-largest telecom player, Vodafone Idea, is facing an existential crisis, and no amount of support is helping the debt-ridden company. Even after an equity raise of Rs 63,000 crore to strengthen the balance sheet, Vodafone finds itself at a crossroads where an absence of any further support either from promoters, investors or banks will force the company to file for bankruptcy.
Stocks To Buy Or Sell: Vikas Jain Recommends These Stocks To Buy On June 4
The NSE Nifty 50 and BSE Sensex opened slightly higher tracking a rise in HDFC Bank Ltd. and Bharti Airtel Ltd. Gains in Asian indices also supported advances. As of 11:00 a.m., both the indices were trading in the green. Nifty 50 was up almost 0.17% and Sensex 30 was 0.18% higher. HDFC Bank Ltd., Bharti Airtel Ltd., Reliance Industries Ltd., Eternal Ltd., and Mahindra & Mahindra Ltd. added to the Nifty 50's gains.
Google Pixel 10 Not Launching On Aug. 13—Check Out Updated Launch Date, Features, Specs, Colours, Price
Google will “NOT” launch the Pixel 10 series on Aug. 13, as disclosed just a day before by Android Headlines and other leaks. In an exclusive update, Android Headlines has now confirmed that the date has been moved back by a week. Google will now launch the Pixel 10 series at its Made by Google event on Aug. 20. The Pixel 10, 10 Pro, 10 Pro XL, and the foldable Pixel 10 Pro Fold will all be part of the new Pixel series.
Swiggy Share Price At Near One-Month High After Morgan Stanley Initiation
Swiggy Ltd.'s share price rose to the highest level in one month as sentiment for the stock turned positive after Morgan Stanley started covering the company. The brokerage has given a 'overweight' rating and a target price of Rs 405, implying a 21.5% upside from current levels. Morgan Stanley expects Swiggy's Ebitda to break-even by fiscal 2028.
Buy, Sell, Or Hold: Kunal Rambhia Recommends Bharat Forge, BSE, Metropolis Shares
Kunal Rambhia, founder of The Streets, has issued new stock recommendations that include Bharat Forge Ltd., BSE Ltd., and Metropolis Healthcare Ltd. Rambhia has provided specific stop-loss and target levels for each of these stocks. Rambhia recommends buying Bharat Forge Ltd. with a stop-loss at Rs 1,255 and a target price of Rs 1,300.
Which Stocks To Buy Today? Gaurav Sharma Recommends Glenmark, Oberoi Realty
Gaurav Sharma, associate VP and head of research (equity, commodity and currency) at Globe Capital, has issued new stock recommendations. Glenmark Pharmaceuticals Ltd., Oberoi Realty Ltd., and Indian Bank Ltd. are his top picks. Sharma suggests buying these shares, providing specific stop-loss and target levels for each.
Motilal Oswal Stays 'Neutral' On KEC International - Here's Why
KEC Internationa Ltd. in our recent meeting highlighted a continued strong addressable market for transmission and distribution and improving opportunities in the civil segment for residential buildings, petrochemicals, hospitals, etc. while, industrials has been witnessing slow momentum. The company is continuously focusing on improving return metrics and targeting a reduction in net working capital cycle on improved collections.
Gateway Of India To Navi Mumbai In Just 40 Minutes: Maharashtra Government Plans To Launch Water Taxi
The Maharashtra government is planning to launch a water taxi service between Mumbai and Navi Mumbai soon. Once launched, the eco-friendly travel mode will reduce the travel time between the twin cities significantly. The service will link key locations across both cities, offering the residents a fresh alternative to traffic congestion and supporting environmental sustainability. The expected journey time through this proposed water taxi is likely to be around 40 minutes.
Allahabad HC Rejects Patanjali Ayurved's Plea Against Rs 274 Crore GST Penalty
The Allahabad High Court has dismissed Patanjali Ayurved Ltd's petition challenging Rs 273.50-crore goods and service tax (GST) penalty. A division bench comprising Justices Shekhar B Saraf and Justice Vipin Chandra Dixit rejected Patanjali's argument that such penalties constitute criminal liability and can be imposed only after a criminal trial.
Small Restaurants Drown In Zomato's Rising Costs, Profits Fade Into Thin Air
Small restaurant owners, hoping to boost their business by listing on food delivery platform Zomato, are finding themselves caught in a cycle of diminishing returns. They list for the enticing customer reach, but high commission rates, mounting advertisement expenses and the pressure to offer deep discounts in order to stay competitive on the platform significantly eat into their profits.
Most Wickets In IPL 2025: How Many Wickets Does Josh Hazlewood Need For Purple Cap?
The Indian Premier League (IPL) 2025 comes to an end on Tuesday, with a high-stakes battle between Royal Challengers Bengaluru and Punjab Kings. Both teams are eyeing their maiden title. A key player to watch out for during tonight's game is Australian fast bowler Josh Hazlewood of RCB. He is a strong contender for the Purple Cap, given to the bowler with the most wickets in an IPL season.
Ola Electric Share Price Tumbles Amid Large Trade, Likely Profit Booking Post New EV Manufacturing Guidelines
Shares of Ola Electric Mobility Ltd. plunged over 7% in trade on Tuesday, effectively erasing the previous session's gains in what could be likely be profit booking after the government's new guidelines in the Electric Vehicle Manufacturing Scheme on Monday drove stock 6.75% higher.
Indian Bank, Paytm — Check Aditya Agarwala's Top Stock Picks For Today
The NSE Nifty 50 and BSE Sensex snapped a two-day losing streak at open on Tuesday, as heavyweights HDFC Bank Ltd. and Reliance Industries Ltd.'s share prices contributed most to gains. However, right after open, the benchmark indices traded lower, with the Nifty 50 down 0.52% at 24,589 as of 11:25 a.m.
IPL 2025 Orange Cap List: How Many Runs Virat Kohli Needs To Top Batting Charts
Virat Kohli is currently placed fifth on the list of top scorers in IPL 2025. The batter has scored 614 runs in 14 games at an average of 55.82. Gujarat Titans’ Sai Sudharsan leads the chart with 759 runs. The Gujarat opener played some magnificent knocks this season, including a ton and six half-centuries to his name. To achieve the Orange Cap, Kohli needs to equal at least Sai Sudharsan’s total. He will have to score 145 runs to get to the top of the list.
Swiggy Share Price Rallies After Morgan Stanley Initiates Coverage With Over 20% Target Price Upside
Brokerage firm Morgan Stanley has initiated coverage on Swiggy Ltd. with an 'overweight' rating, citing improving execution in food delivery, aggressive investments in quick commerce, and a favourable valuation discount to the market leader, Eternal Ltd. (Zomato). Morgan Stanley's price target for Swiggy is Rs 405, implying a 22% upside from current levels. The brokerage expects Swiggy's food delivery business to grow at a 15.8%
Aptus Value Housing Shares Fall To Nearly One-Month Low Following Block Deals Worth Rs 1,950 Crore
Shares of Aptus Value Housing Finance India Ltd. fell over 9% on Tuesday following multiple block deals worth Rs 1,950 crore. On Tuesday, 6.33 crore equity shares changed hands through three block deals. The buyers and sellers were not known. However, according to the term sheet accessed by NDTV Profit, promoter Westbridge Crossover Fund is looking to offload stake worth Rs 1,922.3 crore.
Is This The End Of Microfinance In India As We Know It? — Profit Insights
Back in 2004-05, the National Bank for Agricultural and Rural Development first experimented with the joint liability group model in microfinance. For the better part of the last two decades, this model has driven the growth and acceptability of microfinance in India. Borrowing heavily from Muhammad Yunus's successful Grameen Bank model from Bangladesh, the JLG model in India depended on groups of women keeping each other accountable for repayment of loans.
IPL 2025 Final: Highest Individual Scores And Best Bowling Figures In IPL Finals
While the countdown for the IPL 2025 final has begun, let us quickly take a look at the top records set in the IPL finals. From Shane Watson’s unbeaten 117 against the Sunrisers Hyderabad to Anil Kumble’s 4-fer versus the Deccan Chargers, the marquee event has witnessed some game-changing performances. Take a look at some of the records set in the IPL finals.
United Breweries Share Price Declines After Mangalore Brewery Closes
Shares of United Breweries Ltd. fell 0.53% on Tuesday after it announced the closure of its Mangalore brewery unit, effective June 30, 2025. This decision is part of a strategic capacity consolidation plan. United Breweries is focusing on expanding its Nanjangud Brewery in Mysuru, where investments are being made to enhance supply chain efficiencies, the company said in an exchange filing.
Piyush Goyal To Flag Key Issues At Informal WTO Meet Amid US' Rejection Of India's Claims
Commerce Minister Piyush Goyal on Tuesday is expected to raise key WTO reforms at an informal gathering of ministers on the margins of the OECD Ministerial Council Meeting. The crucial meet comes amid US' rejection of India's claim that American tariffs on steel and aluminium are safeguard measures under the World Trade Organization rules.
Waaree Renewable Technologies Share Price Rises On Rs 346-Crore Order Win
Shares of Waaree Renewable Technologies Ltd. surged as much as 4.25% intraday on Tuesday, after the company announced an order win for a large solar power project in Bikaner, Rajasthan. The company has been awarded a Letter of Award to execute the engineering, procurement and construction works of a 300 MW alternating current/435 MW direct current ground-mounted solar power project by a domestic renewable generation company.
Inox Wind Share Price Falls After Opening In Green
Shares of Inox Wind Ltd. fell 1.28% after rising more than 2% at market open on Tuesday. The shares had risen as much as 3.08% on Monday before erasing gains to trade lower. In its fourth quarter performance, the wind energy firm saw its consolidated revenue more than double, reaching Rs 1,248 crore compared to Rs 528 crore in the same period last year. Ebitda climbed to Rs 227 crore from Rs 98.6 crore, despite a slight contraction in the Ebitda margin, which stood at 18.2% versus 18.7%.
HCLTech Share Price Spikes After Announcing Partnership With US Software Firm UiPath
Shares of HCL Technologies Ltd. rose 1.24% after it announced a partnership with UiPath, a leading US software firm, aimed at accelerating agentic automation for global enterprises. This collaboration is set to drive large-scale transformation across various sectors, enhancing business process operations with minimal human intervention, the company said in a statement on Monday.