Mahindra & Mahindra (M&M) is reportedly in discussions to acquire Japan-based Sumitomo Corporation’s entire stake in heavy vehicle manufacturer SML Isuzu, according to a March 24 report by CNBC-Awaaz. The potential deal is expected to strengthen M&M’s presence in the trucks and buses segment. Sources indicate that M&M is considering a valuation of ₹1,400-1,500 per…
The Indian stock market witnessed a remarkable rebound last week, with benchmark indices Nifty and Sensex surging over 4%. This sharp rise was fueled by improved investor sentiment, increased foreign inflows, and favorable global factors. According to Ajit Mishra, SVP of Research at Religare Broking Ltd., while market sentiment remains positive, investors should exercise caution…
The bulls are running strong on Dalal Street, but smart traders know better than to get caught up in the euphoria. As we look ahead to March 21’s trading session, here’s what you need to know about the market’s direction. Market’s Winning Streak ContinuesThe party on D-Street shows no signs of stopping. The Sensex just…
Jyoti has announced that it has secured a significant order worth ₹9.90 crore from GVPR Engineers, Hyderabad, for a project based in Pipalkhunt, Rajasthan. The contract entails the design, manufacturing, and supply of six pump sets equipped with HT motors of 2.8 MW and 3.7 MW ratings. Additionally, the order includes a forced water system,…
Foreign Portfolio Investors (FPIs) have been steadily withdrawing funds from the Indian equity market, with a notable sell-off of Rs 30,000 crore in the first fortnight of March 2025. This trend follows a significant outflow of Rs 34,574 crore in February and Rs 78,027 crore in January, bringing the total outflow to Rs 1.42 lakh…
The automotive world is watching as Nissan undergoes a significant leadership transition. In an announcement that sent ripples through the industry, the Japanese automaker revealed that CEO Makoto Uchida is stepping down, with Chief Planning Officer Ivan Espinosa set to take the reins as of April 1st. This change comes at a critical juncture for…
External Review Expected to Conclude by Q4 FY25 IndusInd Bank, one of India’s leading private sector lenders, has warned of a potential loss of Rs 1,500 crore due to adjustments in its derivatives portfolio. This impact, estimated at 2.35% of the bank’s net worth as of December FY25, stems from hedging instruments used to manage…
Key Highlights: ✅ FPIs Outflow: ₹24,753 crore pulled out from Indian equities in the first week of March 2025.✅ Total Withdrawals: ₹1.37 lakh crore outflow by FPIs in 2025 so far.✅ 13 Consecutive Weeks of Selling: Since Dec 13, 2024, FPIs have offloaded $17.1 billion from equities.✅ Key Reasons: Summary: Foreign Portfolio Investors (FPIs) continued…
India must disengage from ongoing trade negotiations with the United States and adopt a more calculated approach akin to that of nations such as China and Canada, according to the Global Trade Research Initiative (GTRI). The organization asserts that Washington is mounting significant pressure on New Delhi to acquiesce to trade stipulations that overwhelmingly serve…
The Indian equity market has witnessed a sharp correction, with the Nifty and Sensex plunging nearly 15% over the past five months. As investor sentiment weakens, economists are raising concerns about its potential impact on household consumption in FY26. The erosion of retail investors’ wealth, coupled with global uncertainties and slowing credit growth, may shift…
