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Following the stake sale, shares of One97 Communications fell 1.45% to 1,062 apiece on NSE, while the scrip of the company went lower by 1.23% to 1,065 on BSE.
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News and Media
UBS has initiated coverage on power generation equipment manufacturers, issuing 'buy' ratings for BHEL, Waaree Energies, Premier Energies, and Suzlon. The brokerage anticipates a significant investment of 11 trillion in India's power sector between FY25-FY30, driven by policy tailwinds and technology adoption. Solar energy is expected to dominate the profit pool, followed by thermal, with BHEL maintaining a strong position.
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News and Media
Following weak US jobs data, the likelihood of an RBI repo rate cut has grown, fueled by anticipation of a potential Fed rate cut in September. Despite some traders leaning towards a rate cut, the RBI's Monetary Policy Committee is expected to maintain a pause with a neutral stance.
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News and Media
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