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Akzo Nobel has revealed that its decision to partner with JSW Paints was based on a strategic vision to combine global expertise with strong local execution. The move positions JSW Paints to challenge India's top paint industry players. "We had options. It was really about finding not only the right home for our people but the right partner for our company, and we chose JSW," ET NOW quoted Akzo Nobel CEO Greg Poux-Guillaume as saying, explaining the rationale behind the decision. "It really is ...Read More >
New Delhi: JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the Sajjan Jindal-led steelmaker and BPSL's lenders told the Supreme Court. They also sought an 'open court' hearing of their petitions seeking a review of the top court's May 2 order scrapping JSW's acquisition of BPSL under the bankruptcy law. While JSW filed the review peti ...Read More >

NEW DELHI, June 2 (Reuters) - India's key iron ore producer NMDC (NMDC.NS), opens new tab is testing a new pricing formula for its output to shield its profits from the volatilities reflected in global benchmarks, a source with direct knowledge of the matter told Reuters. State-run NMDC, which sells its output locally, currently releases monthly iron ore prices linked to inventories, international prices and domestic market dynamics. The company plans to launch the new formula after initial tr ...Read More >
Mumbai, Dec 6 (IANS) The Indian stock market opened flat on Friday ahead of the announcement of the RBI's monetary policy committee (MPC) meeting. The market is keeping a close eye on the decision around repo and CRR rates. At around 9:23 am, Sensex was trading at 81,775.54 after gaining 9.68 points or 0.01 per cent, while the Nifty was trading at 24,712.35 after rising 3.95 points or 0.02 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1,500 stocks were tra ...Read More >
Mumbai, Dec 18 (PTI) Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows. Besides, investor sentiment remained subdued ahead of the outcome of the US Federal Reserve's policy meeting, scheduled for Wednesday, traders said. The 30-share BSE benchmark tumbled 502.25 points or 0.62 per cent to settle at 80,182.20, taking its downtrend to the third day ...Read More >
Mumbai, Dec 17 (PTI) Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors approach ahead of the US Fed interest rate decision. Falling for the second day in a row, the 30-share BSE benchmark Sensex tanked 1,064.12 points or 1.30 per cent to settle at 80,684.45. During the day, it slumped 1,136.37 points or 1.39 per cent to 80,612.20. The NSE Nifty tumbled 332.25 points or 1.35 per cent to 24,336. From ...Read More >
Mumbai, Dec 17 (UNI) The BSE Sensex on Tuesday dropped another 1064.12 pts to settle at 80,684.45 as selling was witnessed in Telecommunications, Metal, and Energy stocks amid weak global cues. The National Stock Exchange (NSE) slipped 332.25 pts at 24,336. The BSE Sensex fell 237 pts to open at 81,511.81. It remained negative throughout the session. During the day it tanked 1136 pts at 80,612.20, a day low, before closing at 80,684.45, sinking 1064.12 pts from its previous close. The Nifty ...Read More >
Indian IT stocks surged on Thursday, with the Nifty IT index reaching a new high of 46,000. Companies like Coforge and Tech Mahindra led the gains, rising up to 4%, fueled by positive U.S. inflation data and hopes of a Fed rate cut. Several other IT firms also hit 52-week highs, defying the broader market trend.Indian IT stocks outperformed the broader market on Thursday, with the Nifty IT index hitting a new high of 46,000.Leading the charge were Coforge and Tech Mahindra, which surged up to 4% ...Read More >
Mumbai, Dec 13 (PTI) Benchmark indices Sensex and Nifty slumped on Friday morning dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late morning trade. The NSE Nifty tanked 367.9 points to 24,180.80. Also Read | Stock Market Today: Sensex, Nifty Fall More Than 1% As Global Risks Weigh on Market Sentiment. Among the 30-share Sensex blue-chip pack, JSW Steel, Tata Steel, IndusInd Bank, Bajaj Fi ...Read More >
Mumbai, Dec 13 (PTI) Benchmark indices Sensex and Nifty slumped on Friday morning dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late morning trade. The NSE Nifty tanked 367.9 points to 24,180.80. Among the 30-share Sensex blue-chip pack, JSW Steel, Tata Steel, IndusInd Bank, Bajaj Finserv, Axis Bank, Larsen & Toubro, ITC and Mahindra & Mahindra were the biggest laggards. Bharti Airtel and ...Read More >
Mumbai, December 13: Indian benchmark indices Sensex and Nifty fell more than 1 per cent on Friday. At around 10.51 a.m., the Sensex fell 1,017.03 points or 1.25 per cent to 80,272.93, while the Nifty fell 306.80 points or 1.25 per cent to 24,241.90. The market trend remained negative. On the National Stock Exchange (NSE), 340 stocks were trading in green, while 2,047 stocks were in red. Stock Market Today: Indian Market Opens Flat, All Adani Shares Trade in Green. The market remained in turmo ...Read More >
Mumbai: Indian frontline indices closed on a flat note on Wednesday as investors are waiting for November CPI (Consumer Price Index) data, which will be released by the government on Thursday. At closing, Sensex was up 16 points at 81,526 and Nifty was up 31 points at 24,641. The broader market trend was positive. On the Bombay Stock Exchange (BSE), 2143 shares closed in the green, 1,839 settled in the red and 113 shares closed without change. Among the sectoral indices, Auto, IT, Fin Service ...Read More >
Adani Ports, Adani Enterprises, Shriram Finance, UltraTech Cement, and Cipla were the top gainers on the Nifty. Benchmark indices Nifty and Sensex extended morning gains driven by strength in public sector banks ahead of the RBI MPC meet outcome on Friday. Heavyweight stocks like HDFC Bank and Reliance Industries also contributed to the rally on December 3. Broader markets also showed strength with mid- and small-cap indices rising 0.7 percent each. At noon, the Sensex was up 538.04 points or ...Read More >
The Nifty 50 index opened at 24,367.50 points, gaining 91.45 points or 0.38 per cent, while the BSE Sensex opened at 80,529.20 points, up by 281.12 points or 0.35 per cent. Experts noted that Indian stock markets have ignored the GDP numbers and, being in an oversold territory, may rise further and witness a rally leading up to the budget in February. Ajay Bagga Banking and Market Expert stated that "The Indian markets shrugged off the GDP number and moved up on Monday. The government has remo ...Read More >
The JSW Group has lined up $70 billion of capital investments over the few years in sectors steel, cement, energy and paint besides an ambitious foray into automobiles. In a wide-ranging interview with Moneycontrol, Sajjan Jindal, Chairman and Managing Director, JSW Group spoke about the group's business roadmap, his passion for sports and how the Jindal brothers compete in business while maintain family ties. Edited Excerpts: Mr. Jindal, welcome to Moneycontrol. There is a lot of talk about pr ...Read More >
While India's growth story remains intact, market returns may moderate in the near term after two years of outperformance. After a sharp correction from the record highs of September, the equity market is widely anticipated to swing within a range as it wavers through moderating earnings growth, consumption slowdown, lofty valuations, and other global macroeconomic headwinds. Even though a persistent sideways movement of the market is likely to drag overall returns, traders are shifting towards ...Read More >
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