CONSTRUCTION INDUSTRY
Industrial Output grows 3% in March; Gains in power & manufacturing sectors help overall growth
India's industrial output saw a 3% year-on-year increase in March, driven by growth in electricity and manufacturing, according to official data. While overall industrial activity grew by 4% in FY25, it was lower than the previous year. Key sectors like basic metals, motor vehicles, and electrical equipment contributed positively, while mining slowed down.
Is Elon Musk tearing down the agency that helped build Tesla? DOGE targets the Department of Energy
Fifteen years ago, a US Department of Energy loan of $465 million rescued Elon Musk's struggling Tesla, enabling factory acquisition and Model S development. Now, Musk's team, within the Trump Administration's DOGE, targets the DOE for drastic cuts. This initiative has led to significant staff layoffs and project cancellations by companies like Kore Power and PG&E.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 31%
This is an undeniable fact. Most investors who have Rs. 1 lakh to invest would prefer to buy 5,000 shares of a small-cap company rather than put the same amount in Reliance and own just 73 shares. Or a Larsen and Toubro for just 30. Most investors also want the rapid returns that small- and mid-cap stocks seem to offer. We have, of course, nothing against small- and mid-caps. Some of them may indeed do well. Though many may not. The greater probability, however, is that, in the long term and from current levels, large-caps like RIL and LT may give higher returns and see less drawdown in volatile markets.
For design and manufacturing businesses, AI is a disruptive, destabilising force: Report
In APAC’s design and manufacturing sectors, optimism about AI has declined, with just 68% of leaders believing it will benefit their industry, down 6% from 2024. Concerns over disruption and data risks have grown, yet around 68% of companies plan to boost AI investment. Companies are increasingly focused on balancing AI’s potential with managing its risks effectively.
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Japan's Nikkei rallies for fourth day; Toyota leads auto surge
Japan's Nikkei rose for a fourth straight session on Monday, driven by automobiles stocks after Toyota Motor revealed it might invest in key parts supplier Toyota Industries.
Odisha may produce over 1/3rd of steel in India by FY31: CM Mohan Charan Majhi
Odisha is poised to significantly increase its steel production capacity, aiming for 130 million tonnes by 2030-31 with investments from Tata Steel, JSW Steel, and Jindal Steel and Power. POSCO, in collaboration with JSW Steel, plans to establish a steel plant with a substantial investment.
Steel safeguard duty to hike infra costs, hurt MSMEs
The steel safeguard duty is set to increase infrastructure costs. Construction projects may become more expensive. Micro, small, and medium enterprises will face challenges. Automobile industries will be impacted. Secondary steel producers anticipate margin improvements. Engineering exporters are already struggling with US tariffs.
Odisha govt is offering better compensation to speed up land acquisition: Hemant Sharma
The state government has identified new locations near Bhubaneswar and Jharsuguda to address the growing industrial land demand, says Hemant Sharma, Additional Chief Secretary, Industries & MSME, Odisha.
Hindalco to spend Rs 4,500 crore on EV components as part of capex
Hindalco Industries plans to allocate approximately 10% of its ?45,000 crore capital expenditure to electric vehicle components. This includes investments in battery foil and flat-rolled products plants in Odisha, and an extrusion plant in Silvassa. The company is also considering further investments in auto component manufacturing, potentially in Gujarat.
In view of Kumbh Mela, Maharashtra CM approves major infra upgrade for Shirdi airport
Maharashtra Chief Minister Devendra Fadnavis approved Shirdi airport's expansion for the Nashik-Trimbakeshwar Kumbh Mela. The plan includes helipads and parking lots. Amravati airport's runway expansion is also in consideration. Latur and Karad airports will also see development. Focus is on improving air connectivity across Maharashtra. Updates on other regional airports were reviewed.
Japan's Nikkei ends higher on Trump's easing tariff tone, weaker yen
Japan's Nikkei share average ended higher on Friday as investors scooped up technology stocks after the White House softened its trade stance against China and the yen weakened following talks between Japan-U.S. finance chiefs.
Madhya Pradesh gets approval for Rs 2,100 crore PM MITRA textile park project
Madhya Pradesh has secured approval for the ?2,100 crore PM MITRA Park, a project poised to revolutionize the state's textile industry. This integrated park, spanning 2,100 acres, will feature advanced facilities and residential complexes, attracting significant investment and creating numerous jobs.
Karnataka: Former PM HD Deve Gowda writes to CM, urges him to drop land acquisition for Greater Bengaluru township
Former Prime Minister HD Deve Gowda has voiced strong opposition to the Greater Bangalore Development Authority's (GBDA) plan to acquire approximately 10,000 acres of farmland in Bidadi Hobli, Ramanagara district, for a township project. Gowda warned that further land acquisition would devastate the livelihoods of thousands of families dependent on agriculture, leading to unemployment and environmental damage.
MahaRERA steps up efforts to combat fraud with OC verification for lapsed projects
Maharashtra Real Estate Regulatory Authority will verify Occupation Certificates for stalled real estate projects. This action follows complaints of forged documents used for project registrations. MahaRERA has asked planning authorities to confirm the authenticity of OCs within ten days. Lack of response will be considered acceptance. The regulator clarified that planning authorities will bear responsibility for discrepancies found later.
Stock market update: Stocks that hit 52-week highs on NSE
Mangalore Chem, Country Condos, Synergy Green Ind, GSK Pharma and Bannari Amman, hit their fresh 52-week highs at 11:16AM.
NFO Insight: Motilal Oswal Infrastructure Fund opens. Time to add to your MF mix?
Motilal Oswal Mutual Fund has launched the Motilal Oswal Infrastructure Fund, an open-ended equity scheme focused on India's infrastructure sector. While the fund aims to capitalize on government spending and GDP growth, experts advise caution due to the cyclical nature of sector-specific funds and the lack of historical performance data for NFOs.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 26%, according to analysts
When you are in the market as an investor, it is best to ignore what is happening to the Nifty and Sensex… especially on the day of expiry of monthly contracts in the derivative segment. The movement of the Nifty and Sensex would be impacted on that day by unwinding and rollover of positions. What needs to be watched, instead, is the Q4 earnings season. It has panned out well till now. If it continues in the same mode when mid-cap companies start to declare their results, it would be a bullish sign. But there is a caveat: There may be volatility caused by global events. It is something you should be ready for.
MEIL gets Rs 13,000 cr order from Nuclear Power Corporation of India for 2 nuclear reactors
Megha Engineering & Infrastructure Ltd (MEIL) has secured a significant order worth Rs 13,000 crore from the Nuclear Power Corporation of India Ltd (NPCIL) to supply two 700 MW nuclear reactors. This marks MEIL's entry into the nuclear energy sector, with the project involving the construction of Kaiga Units 5 & 6 in Karnataka.
Stock market update: Stocks that hit 52-week highs on NSE
Rama Phosphates, Cura Tech, Choice Intnl, SBFC Finance and Krishna Instt of Medical Sciences, hit their fresh 52-week highs at 11:00AM.
ICEMA asks govt to re-evaluate long-term implications of steel safeguard duty
The Indian Construction Equipment Manufacturers' Association (ICEMA) has voiced concerns over the 12% safeguard duty on select steel products, fearing disruption to the supply chain and increased costs. ICEMA highlights the industry's reliance on imported, specialized steel and warns of potential production delays and price hikes impacting infrastructure projects.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Vadilal Ind, Cura Tech, NACL Industries, Krishna Instt of Medical Sciences and Aavas Financiers, hit their fresh 52-week highs during the day.
Cement demand set to rise 7% this fiscal, prices by 2-4%: Crisil
India's cement sector anticipates a 6.5-7.5% demand surge this fiscal year, fueled by increased infrastructure spending and expectations of a strong monsoon boosting rural housing. Crisil Intelligence reports infrastructure, especially roads and railways, will drive demand. Rural housing will dominate cement consumption. Urban housing is poised for a rebound, supported by government schemes and potential interest rate cuts.
Stock market update: Stocks that hit 52-week highs on NSE
NACL Industries, Krishna Instt of Medical Sciences, Oswal Agro Mill, Shree Vasu Logistics and Aavas Financiers, hit their fresh 52-week highs at 10:40AM.
Manjinder Sirsa orders crackdown on polluters amid deteriorating air quality in Delhi
Delhi Environment Minister Manjinder Singh Sirsa has ordered a crackdown on polluting industries, institutions, and construction sites due to rising air pollution. He instructed officials to enforce dust control measures, deploy water sprinklers, and monitor air quality in sensitive areas. Sirsa emphasized inter-departmental coordination and warned of penalties for repeat offenders, stressing the urgency of addressing the health emergency.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 30%
Why is President Trump gunning for the chair of the US Fed? Probably because he knows that his tariff war is bound to lead to inflation and he wants the US Fed to take pro-active measures, such as cutting interest rates. While that battle will continue, the question to ask is: What does a decline in US interest rates mean for us? It would mean a drop in the Dollar Index and some more money flowing to emerging markets. That’s bullish for India. So which stocks to focus on? Perhaps large-caps, as the six months of correction has brought many of them to a level where probably there is some comfort.
Landowners seek GST relief on joint development pacts
Landowners are contesting Goods and Services Tax (GST) demands on joint development agreements (JDAs), arguing that transferring development rights shouldn't attract GST. They've approached courts in Mumbai, Telangana, and Delhi-NCR seeking relief. The dispute centers on whether this transfer qualifies as a taxable service, potentially impacting real estate projects nationwide and the financial structures of joint developments.
Piyush Goyal calls on construction sector to go green, cut import dependence
Commerce and Industry Minister Piyush Goyal urged the construction industry to decrease reliance on imports and prioritize environmentally friendly construction methods. He emphasized the importance of building earthquake-resistant and modular infrastructure to achieve global standards. Goyal highlighted government initiatives like smart industrial cities and plug-and-play hubs, aiming for a $30-35 trillion economy by 2047.
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