JINDAL STAINLESS LTD Q2 RESULTS
Directorate of Revenue Intelligence conducts search at Waaree Energies' Sangam Solar One plant
The Directorate of Revenue Intelligence searched Waaree Energies' subsidiary plant in Gujarat. This search concerned imported stainless-steel pipes and tubes under the EPCG Scheme. The matter involved the applicability of Anti-Dumping Duty on these specific imports. Waaree Energies has already paid the required Anti-Dumping Duty and applicable interest. The company stated no further payment is needed and financials remain unaffected.
Aluminium foil hack for cleaning greasy pans: How it works, benefits and why it helps remove grease and food residue
Did you know that crumpled aluminum foil is a fantastic ally in the battle against greasy pans? By simply rolling it up and using it to scrub stuck-on food, you can easily remove that pesky residue prior to washing. Just remember to let your pan cool down completely first! Avoid this method on non-stick or fragile surfaces to keep them in pristine condition.
Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout
Tejas Networks shares rose sharply on Friday after the company received a Rs 1,537-crore Letter of Intent from TCS to supply RAN equipment for BSNL’s indigenous 4G rollout. The proposed project covers 18,685 sites, adding to Tejas Networks’ role in the telecom operator’s nationwide 4G network deployment.
A 10% gold rally could create $400 billion in wealth for Indians. Jefferies names stocks set to benefit
Jefferies sees a 10% gold rally unlocking $20–25 billion in gold-backed loans and boosting household wealth by $400 billion, with Manappuram Finance its top pick.
US stocks today: Nasdaq gains as Nvidia results revive confidence in AI trade
US stocks rose on Thursday, led by the Nasdaq, as Nvidia's strong forecast eased concerns over slowing AI demand. Salesforce and CrowdStrike also rallied after upbeat forecasts, while investors shifted focus to Federal Reserve Chair Kevin Warsh's Jackson Hole speech and the outlook for interest rates.
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Nvidia at heart of data centre revolution, says BNP Paribas; sees 36% upside
BNP Paribas has issued an outperform rating on Nvidia with a target price of $285, implying a 36% upside. The brokerage highlighted Nvidia's role in the data centre revolution, accelerated computing, strong Q2 financial results, and robust demand for its Blackwell and Vera Rubin platforms despite supply chain constraints.
India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI
Indian companies show stronger sales growth entering fiscal year twenty twenty seven. Manufacturing sales accelerated significantly, driven by key industries like automobiles. Operating profit growth also jumped across major sectors, improving margins. Companies faced elevated input costs, which impacted raw material expenses. However, improved pricing power helped absorb these higher costs effectively.
ICICI Prudential AMC shares decline 7% in two days as promoter plans 2% stake sale
ICICI Prudential AMC promoter Prudential Corporation plans to sell up to 2% stake, worth over Rs 3,185 crore, to meet minimum public shareholding requirements. The sale will reduce promoter holding to 85.6%. Shares of ICICI Prudential AMC have gained over 22% in 2026, while Q1 net profit rose 23% year-on-year to Rs 965 crore.
Nvidia shares rally 5% after stellar Q2; revenue guidance for 2028 tops analyst estimates
Nvidia shares jumped 5% in extended trading on Wednesday after the chipmaker reported stellar Q2 results and forecast 70% revenue growth for FY28. The guidance topped analyst expectations, while strong AI demand continued to drive optimism despite memory shortages and margin pressures.
Nvidia investors beware: Firm flags 2 risks after better-than-expected Q2 earnings
Nvidia’s AI boom remains strong, but rising memory costs and growing debt are emerging as key risks. The chipmaker expects gross margins to bottom at 71–72% in Q4 FY27, while rising debt could pressure its financial condition and cash flows.
JSW MG seeks PHEV tax incentives, targets 70% localisation by 2027
JSW MG Motor India is pushing for lower taxes on plug-in hybrid electric vehicles. The company targets 70% localization for its Windsor and Hector Tomahawk models. Discussions are underway for the next investment phase with Chinese partner SAIC. JSW MG plans to increase its annual vehicle sales significantly in the coming years. The automaker aims to expand its production capacity beyond current plans.
UPTET Result 2026 declared: Check how to dowload scorecard, direct link, pass percentage, next steps and more
UPESSC has announced the UPTET Result 2026 for candidates who appeared in the July examination. The result covers Primary and Upper Primary levels, with pass percentages of 80.07% and 71.85%, respectively. Candidates can download their scorecards through the UPESSC website and obtain the lifetime eligibility certificate digitally through DigiLocker after the result.
ETMarkets Smart Talk | Large caps look better for next 24 months, but hidden gems remain in smallcaps: Divam Sharma
Sharma sees a stronger case for large caps over the next 24 months, particularly given the steep valuation premium commanded by small caps.
Q1 earnings show resilience, but downside risks still loom. HSBC explains why
Indian companies delivered better-than-expected Q1FY27 earnings, with around 70% of firms meeting or beating HSBC’s estimates. Mid- and small-cap companies led growth, while financials drove earnings upgrades. However, HSBC flagged risks of downgrades in coming quarters as elevated commodity prices persist and the benefits of GST cuts and inventory gains fade.
MP Steel files IPO papers; plans Rs 95 crore fresh issue, 23.07 lakh-share OFS
MP Steel Limited has submitted its Draft Red Herring Prospectus (DRHP) to SEBI as it prepares for its initial public offering. The company aims to generate capital via a fresh issuance of shares and an offer for sale. The funds raised will go towards establishing a new billet manufacturing facility, thereby boosting its backward integration.
Apollo Tyres shares jump over 6% after UBS upgrades stock to Buy from Neutral. Here’s why
Apollo Tyres shares surged after UBS upgraded the stock to Buy and raised its target price to Rs 590. The brokerage sees earnings recovery potential, supported by improving India and Europe prospects, despite near-term rubber cost pressures. Strong Q1 revenue growth and reduced exceptional losses also supported the positive outlook.
Walmart sees Q3 growth hit as Flipkart shifts Big Billion Days sale
Walmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.
Walmart shares fall 8% as Q2 results flag risks of rising inventory
Walmart shares fell 8% despite strong second-quarter results, with revenue rising 5.9%, e-commerce sales jumping 23% and operating income increasing 28.8%. Investors focused on tariff refund benefits and a 6.7% increase in global inventory, raising concerns over underlying performance.
Dividend alert! Last day to buy LIC Housing Fin, Hitachi Energy and 36 other stocks for dividend payouts. How many do you own?
Under Sebi's T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (August 21), making them eligible for the dividend.
Stainless steel sink looking dull? Try this simple baking soda cleaning hack to restore its shine
To maintain the brilliance of your stainless steel sink, start by mixing baking soda with dish soap. After rinsing away loose debris, gently scrub the surface. For tougher stains and corners, a toothbrush and a splash of vinegar can be beneficial. Ensure you rinse thoroughly to eliminate any soap residue, and finish off by drying and buffing with a microfiber cloth for that perfect shine.
Steel Ministry mandates melt and pour to tighten domestic procurement policy
The Steel Ministry has introduced a melt-and-pour clause for domestic steel procurement. This policy tightens rules for suppliers participating in government tenders. It ensures that procured steel meets specific incentive program compliance standards. Sector watchers believe this benefits domestic steel makers significantly. Micro, small, and medium enterprises may face margin constraints due to import curbs.
After nearly 6 years of research, HKU scientists created steel that survives 1,700 mV in seawater, potentially replacing titanium parts and cutting structural material costs 40 times for green hydrogen
Green hydrogen has a costly weakness. Its equipment can depend on expensive titanium to survive harsh electrochemical conditions. Scientists at the University of Hong Kong have developed SS-H₂ stainless steel for hydrogen production. It resists severe corrosion in saltwater environments. The material uses two protective surface layers. Researchers say it could cut structural material costs by about 40 times. That could make seawater-based green hydrogen more affordable and scalable.
Jindal Stainless investing Rs 900 crore to increase cold rolling capacity to 2.67 MT by FY28: MD
Jindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will support rising demand from key industrial sectors. The company is also planning a significant Rs 40,000 crore manufacturing facility in Maharashtra. This new plant will produce specialized steel grades for emerging strategic sectors. Jindal Stainless reported strong financial performance and progress towards sustainability goals.
ETMarkets Management Talk| MAN Industries eyes bigger Saudi footprint; region could contribute 35–40% of revenue in 3 years: Nikhil Mansukhani
MAN Industries expects Saudi Arabia to become a major growth driver, contributing 35–40% of revenue within three years. The company is targeting FY27 revenue of ₹5,000 crore, backed by Saudi expansion, Dammam facility and Jammu’s seamless pipe plant.
Jindal Stainless scouting Maharashtra site for Rs 40,000 crore plant
Jindal Stainless is identifying a site for its proposed Rs 40,000-crore stainless steel manufacturing facility. The company expects clarity on land acquisition within one or two quarters. This new plant will have a capacity of four million tonnes per annum. It will produce specialized steel grades for emerging critical sectors. The Maharashtra government will expedite necessary approvals and provide fiscal incentives.
Jindal Stainless Q1 net profit up 8%, price hikes offset cost surge
Jindal Stainless production dipped during the June quarter due to West Asia conflict disruptions. However, price increases helped ease some of the cost pressures experienced. Consolidated net profit rose nearly 8% while revenue increased by ten percent. Sales volume dropped over 7%, impacted by fuel supply chain issues. The company's net debt decreased, and its net debt-to-EBITDA ratio improved.
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