AI

The Great Convergence—Why Markets, AI, Energy, and Manufacturing Are Now One Trade

The Big Picture The world economy is entering a period where the biggest investment themes are no longer developing in isolation. Artificial intelligence is driving demand for semiconductors. Semiconductors are driving the construction of data centers. Data centers require enormous amounts of electricity. More electricity demand requires investment in power generation, transmission networks, transformers, batteries,…

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Bharat Forge Q4 FY25 Results: Profit Up 24%, ₹6 Dividend Declared Despite Revenue Dip

Bharat Forge reported a stellar fourth-quarter performance for FY25, with net profit growing 24.44% year-on-year to ₹282.62 crore, while revenue declined 7.48% to ₹3,852.60 crore. Profit before tax grew 23.99% to ₹429.4 crore, and EBITDA grew 2.71% to ₹671.1 crore. Total expenses declined 9.38% to ₹3,483.04 crore compared to last year. The company’s core forgings…

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Sitharaman

FM Sitharaman Reaffirms Focus on Manufacturing Amid Rajan’s Skepticism

Finance Minister Nirmala Sitharaman has reaffirmed the Indian government’s commitment to boosting the manufacturing sector, despite skepticism from former RBI governor Raghuram Rajan. At the Confederation of Indian Industry (CII) Annual Business Summit, Sitharaman emphasized the necessity for India to enhance the sophistication of its products and provide policy support to the manufacturing sector. She…

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IPO

IPO Corner: Platinum Industries Ltd. – Manufacturing Stabilizers and Lubricants

Platinum Industries Ltd., a leading multi-product company specializing in manufacturing stabilizers and lubricants, has successfully secured Rs. 70.59 crore from anchor investors in anticipation of its forthcoming initial public offering (IPO). The IPO is set to open for public subscription on Tuesday, February 27, 2024. Notably, the company allocated 41,28,237 equity shares at a price…

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