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The Sanmar Group has acquired a majority stake in AltEons Energy. This investment will help AltEons develop its initial 210 MW hybrid project. The company plans to add another 800 MW to its pipeline this year. Maharashtra remains a key market, with other states also being evaluated. AltEons focuses on wind, solar, and battery storage…
Despite large-cap mutual funds showing a decline this year, mid and small-cap funds have proven to be winners. Experts advise investors to rebalance their portfolios by taking profits from the outperformers. Now is the time to reconsider allocations, as large caps provide better valuation and protective measures. Flexi-cap funds are suggested as a strategic option…
Bajaj Auto reported a significant 28 percent rise in total sales for August. Domestic sales saw a 10 percent increase, reaching 255,708 units last month. Two-wheeler exports experienced a substantial 53 percent jump compared to the previous year. Total commercial vehicle sales also grew by 22 percent, indicating strong performance.
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Sun Pharma ranks second in US dermatology by prescriptions, with key brands including Ilumya for plaque psoriasis and Winlevi for acne. Recent US launches include Leqselvi for severe alopecia areata and Unloxcyt for advanced cutaneous squamous cell carcinoma, strengthening its presence in dermatology and cutaneous oncology.
At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 31.91 points or 0.04% to 76,989.18. The Nifty 50 index lost 9.45 points or 0.04% to 24,071.00.
Odyssey Energy Solutions has raised $74 million in equity and debt to expand its renewable-energy financing and procurement platform. The company, whose India business has more than tripled in the past year, connects over 6,000 solar installers and EPC companies with financiers and suppliers globally.
Jindal Worldwide jumped 5.37% to Rs 40.40 after its electric vehicle arm and subsidiary, Jindal Mobilitric, announced plans to expand its retail network to approximately 100 showrooms across India by the end of FY28.
In Rakhi merchandise sales, North India led in order share, followed by South and West regions. Gift categories like home and furniture saw significant sales increases. Male-targeted product sales rose, while female-targeted product sales declined. Festival shopping began earlier this time, with many orders placed late at night.
HDFC Bank has accelerated its search for a successor to CEO Sashidhar Jagdishan, who will not seek an extension, with an executive search firm likely to be appointed this week. The bank is considering both internal and external candidates, including deputy MD Kaizad Bharucha, executive director V. Srinivasa Rangan, former SBI chairman Dinesh Khara, Axis…