Latest news with #PSU
Time of India
6 hours ago
- Business
- Time of India
Govt, industry, academia join hands to tackle rare earth magnet challenge
Government, industry and academia are working to resolve the issues concerning rare earth magnets , which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, ministry of electronics and IT, additional secretary, Amitesh Sinha said. Speaking on the sidelines of Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - govt, industry and academia - are doing their work. "Technology is there, but we have to see how commercially we can do it at a competitive price. So that is the main challenge. Govt will surely work because these things are now becoming strategic and important," Sinha said. The Centre for Materials for Electronics Technology ( C-MET ), a research unit under Meity, at the event signed a transfer of technology agreement with Ahmedabad-based firm Somal Magnets for the production of rare earth magnets. Sinha said the work on the technology development has been going on for some years as the govt realises the importance of material technologies. "It is an effort of the last few years. So they (C-MET) have already been working on it, but suddenly the focus has come on this rare earth material. For such things, first we will have to develop a capability which, at the time of crisis, can be easily scaled. So that kind of infrastructure or capability we are aiming for now," Sinha said. He, however, said Meity is not directly engaged in the production of rare earth magnets but only in some technologies that are important for their production. In April 2024, China implemented strict export licensing on rare earth elements like terbium and dysprosium - key inputs for high-level performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics. The country's oldest electronics industry body, Elcina, said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard, and the device makers are switching to import fully assembled speaker modules from China.
Economic Times
21 hours ago
- Entertainment
- Economic Times
Google unveils Doppl that styles outfits virtually; offers animated videos
ETtech Tech giant Google unveiled a new experimental app called Doppl on Thursday in the United States, which helps users virtually style their outfits and access animated versions of themselves. Doppl, a product of Google Labs, allows a virtual try-on to 'visualise how an outfit might look on you.' The application is available on both iOS and Android versions. How to use Doppl? Post sign-up, the user has to upload a full-body picture to try on new looks. Doppl allows recommendations for choosing a picture in the 'Tips for great results' option. Once the picture is ready, the user can upload an image or screenshot of outfits they would like to try on, whether it be an outfit from social media, a blog, or even a friend. Once the inspiration look is uploaded, tap on the animate button to see your look in motion with a short video. The new look can be saved in a camera roll and shared with others. What looks can you try on?As the app is in the experimental stage, it offers limited choices. Users can try on outfits such as tops, bottoms, and items, such as shoes, lingerie, bathing suits, and accessories, are not supported. These include costumes as well as many traditional, religious, and cultural outfits that may not work well. What else? Doppl can explore styles and add missing elements other than tops, bottoms, and dresses to complete the look, which the company calls 'imagined items.' Whereas 'default outfit' lets you pick a basic look in case the outfit provided by the user is not supported.'While generated images can help you visualise how an item might look on you, they don't provide a representation of fit, suggest a size, or indicate size availability," the company said. This development follows Google Shopping, which allows virtual try-on features of clothing items just by uploading a picture. However, Doppl follows the age restrictions of over 18 years. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Profits plenty, prices attractive, still PSU stocks languish. Why? Why Sebi must give up veto power over market infra institutions Oil, war, and the Hormuz gambit: Why the 2025 standoff won't mirror the 2022 shock! Second only to L&T, but controversies may weaken this infra powerhouse's growth story Stock Radar: Titan Company bounces back after testing 200-DMA in June; breaks out from 1-month consolidation – what should investors do? Long- or medium-term investing: Invest in ability & balance sheet; 6 large-caps from different sectors, with upside potential of up to 36% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts
Business Standard
a day ago
- Business
- Business Standard
Sensex ends 303 pts higher, Nifty settles above 25,600; VIX slumps 1.60%
The domestic equity benchmarks ended with minor gains today, marking the fourth consecutive day of gains, driven by strong foreign institutional investor (FII) positive momentum persisted despite lingering global risks and concerns over upcoming tariff deadlines. Oil & gas, pharma and PSU bank shares advanced while realty, consumer durables and IT shares declined. The Nifty settled above 25,600 level. As per provisional closing data, the barometer index, the S&P BSE Sensex, jumped 303.03 points or 0.36% to 84,058.90. The Nifty 50 index rose 88.80 points or 0.35% to 25,637.80. In four consecutive trading sessions, the Sensex advanced 2.64% while the Nifty rose 2.67%. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.38% and the S&P BSE Small-Cap index added 0.54%. The market breadth was positive. On the BSE, 2,256 shares rose and 1,753 shares fell. A total of 156 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.60% to 12.39. IPO Update: The initial public offer (IPO) of HDB Financial Services received bids for 1,83,18,19,140 shares as against 13,04,42,855 shares on offer, according to stock exchange data at 15:15 IST on Friday (27 June 2025). The issue was subscribed 14.04 times. The issue opened for bidding on Wednesday (25 June 2025) and it will close on Friday (27 June 2025). The price band of the IPO is fixed between Rs 700 and 740 per share. An investor can bid for a minimum of 20 equity shares and in multiples thereof. The initial public offer (IPO) of Sambhv Steel Tubes received bids for 1,06,85,27,642 shares as against 4,92,06,100 shares on offer, according to stock exchange data at 15:15 IST on Friday (27 June 2025). The issue was subscribed 21.72 times. The issue opened for bidding Wednesday (25 June 2025) and it will close on Friday (227 June 2025). The price band of the IPO is fixed between Rs 77 and 82 per share. An investor can bid for a minimum of 182 equity shares and in multiples thereof. The initial public offer (IPO) of Indogulf Cropsciences received bids for 1,11,14,415 shares as against 1,33,65,710 shares on offer, according to stock exchange data at 15:15 IST on Friday (27 June 2025). The issue was subscribed 0.83 times. The issue opened for bidding on Thursday (24 June 2025) and it will close on Monday (30 June 2025). The price band of the IPO is fixed between Rs 105 and 111 per share. An investor can bid for a minimum of 135 equity shares and in multiples thereof. Buzzing Index: The Nifty Oil & Gas index added 1.19% to 11,835.05. The index jumped 3.32% in the three trading sessions. Adani Total Gas (up 5.56%), Mahanagar Gas (up 4.69%), Hindustan Petroleum Corporation (up 4.45%), Indraprastha Gas (up 2.89%) and Gujarat State Petronet (up 2.44%), GAIL (India) (up 2.24%), Gujarat Gas (up 1.9%), Castrol India (up 1.34%), Reliance Industries (up 1.22%) and Bharat Petroleum Corporation (up 1.02%) added. On the other hand, Aegis Logistics (down 5.54%), Oil India (down 1.81%) and Oil & Natural Gas Corpn (down 0.62%) declined. Stocks in Spotlight: Akzo Nobel India jumped 7.20% after the company announced that its existing promoters have entered into a share purchase agreement (SPA) with JSW Paints for selling their 74.76% stake for a total consideration of Rs 9,403.21 crore. Century Plyboards (India) added 3.96% after the company announced the commencement of commercial production at its newly established particleboard manufacturing facility in Tamil Nadu. Adani Enterprises advanced 2.27% after the company announced that its joint venture, AdaniConneX (ACX), has completed the acquisition of a 100% equity stake in Granthik Realtors (GRPL) from Windson Projects LLP. Mahindra Lifespace Developers fell 1.72%. The company said that it has been appointed as the preferred developer for the re-development of a premium housing society in Mulund (West), Mumbai. Lemon Tree Hotels rose 0.45%. The company has announced the signing of a new property, Lemon Tree Suites, Nashik, expanding its presence in Maharashtra. Ahluwalia Contracts (India) jumped 5.05% after the company announced that it has secured two major construction orders with a combined value of Rs 1,103.56 crore. Global Markets: European markets surged on Friday, boosted by signs of progress in U.S.-China trade talks, while the dollar slipped to its lowest level in over three years. Asian shares ended mixed, as investors assessed Chinas May industrial data. The countrys industrial profits fell 9.1% year on year in the first five months of the year, according to the National Bureau of Statistics. This marked the largest decline since October last year, when industrial profits fell by 10%. Industrial profits are a crucial indicator of the financial health of Chinas factories, mines, and utilities. All eyes are on July 8, when the so-called "liberation day" tariffs are scheduled to kick in following a 90-day pause. The following day, July 9, marks the cutoff for a potential EU deal that could avert a hefty 50% tariff hike. In Japan, fresh inflation data from Tokyo offered a mild surprise. Core CPI, which excludes volatile food and fuel prices, rose 3.1% year-on-year in June, cooler than the 3.6% reading in May, hinting at easing price pressures. Back in the U.S., the S&P 500 closed just shy of a record high, jumping 0.8%. The Nasdaq climbed 0.97%, while the Dow followed closely with a 0.94% gain. Investors shrugged off economic headwinds ranging from tariff spats to sticky inflation and shaky geopolitics. A temporary calm in the Middle East also helped sentiment. The truce between Israel and Iran, brokered by former President Trump, held firm through Thursday. Trump has indicated fresh talks with Iran are on the cards, potentially aimed at curbing its nuclear ambitions. The U.S. economy hit a speed bumpGDP contracted at an annualized rate of 0.5% in Q1, marking the first dip since 2022. At the same time, weekly jobless claims dropped by 10,000, though economists caution the unemployment rate could inch up in June as job seekers face a tighter market. In tech, NVIDIA continued its meteoric rise, hitting new all-time highs. The stock has surged nearly 40% since April's tariff turbulence sparked a brief sell-off. Micron Technology also lit up the chip sector, with upbeat Q2 earnings and guidance that sailed past analyst expectations.
Business Standard
a day ago
- Business
- Business Standard
Nifty trades above 25,600 level; European mrkt opens higher
The frontline indices traded with modest gains in the afternoon trade, boosted by strong foreign institutional investor (FII) inflows. The positive momentum persisted despite ongoing global risks and worries about approaching tariff deadlines. The Nifty hovered above the 25,600 level. Oil & gas, PSU bank and auto shares advanced, while realty and IT shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, jumped 238.43 points or 0.28% to 83,993.09. The Nifty 50 index added 80.90 points or 0.32% to 25,628.50. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.39% and the S&P BSE Small-Cap index added 0.51%. The market breadth was strong. On the BSE, 2,216 shares rose and 1,666 shares fell. A total of 192 shares were unchanged. Gainers & Losers: Jio Financial Services (up 3.92%), IndusInd Bank (up 2.57%), Adani Enterprises (up 2.20%), Asian Paints (up 1.83%) and Apollo Hospitals Enterprise (up 1.65%) were the major Nifty50 gainers. Bajaj Finance (down 1.37%), Eternal (down 1.13%), Bajaj Finserv (down 1.07%), Dr. Reddy's Laboratories (down 1.02%) and Grasim Industries (down 0.95%) were the major Nifty50 losers. Stocks in Spotlight: Akzo Nobel India jumped 7.70% after the company announced that its existing promoters have entered into a share purchase agreement (SPA) with JSW Paints for selling their 74.76% stake for a total consideration of Rs 9,403.21 crore. Diamond Power Infrastructure added 1.44% after the company announced the recommissioning of its extra high voltage (EHV) testing laboratory to meet the dynamic needs of Indias power sector. Century Plyboards (India) rose 1.69% after the company announced the commencement of commercial production at its newly established particleboard manufacturing facility in Tamil Nadu. Adani Enterprises advanced 2.09% after the company announced that its joint venture, AdaniConneX (ACX), has completed the acquisition of a 100% equity stake in Granthik Realtors (GRPL) from Windson Projects LLP. Global Markets: European stocks rose on Friday, ending the week on an optimistic note after weathering a few weeks of heightened Middle East tensions and uncertainties over tariffs. Asian shares traded mixed, mirroring Wall Street's upbeat mood after White House spokesperson Karoline Leavitt downplayed looming tariff deadlines that had been keeping investors on edge. All eyes are on July 8, when the so-called "liberation day" tariffs are scheduled to kick in following a 90-day pause. The following day, July 9, marks the cutoff for a potential EU deal that could avert a hefty 50% tariff hike. In Japan, fresh inflation data from Tokyo offered a mild surprise. Core CPI, which excludes volatile food and fuel prices, rose 3.1% year-on-year in June, cooler than the 3.6% reading in May, hinting at easing price pressures. Back in the U.S., the S&P 500 closed just shy of a record high, jumping 0.8%. The Nasdaq climbed 0.97%, while the Dow followed closely with a 0.94% gain. Investors shrugged off economic headwinds ranging from tariff spats to sticky inflation and shaky geopolitics. A temporary calm in the Middle East also helped sentiment. The truce between Israel and Iran, brokered by former President Trump, held firm through Thursday. Trump has indicated fresh talks with Iran are on the cards, potentially aimed at curbing its nuclear ambitions. The U.S. economy hit a speed bumpGDP contracted at an annualized rate of 0.5% in Q1, marking the first dip since 2022. At the same time, weekly jobless claims dropped by 10,000, though economists caution the unemployment rate could inch up in June as job seekers face a tighter market. In tech, NVIDIA continued its meteoric rise, hitting new all-time highs. The stock has surged nearly 40% since April's tariff turbulence sparked a brief sell-off. Micron Technology also lit up the chip sector, with upbeat Q2 earnings and guidance that sailed past analyst expectations.
Mint
a day ago
- Business
- Mint
BHEL shares to be in focus on Monday after bagging ₹6,500 crore order from Adani Power
Shares of PSU stock Bharat Heavy Electricals Limited (BHEL) will remain in focus on Monday following a ₹ 6,500 crore order win from Adani Power, an Adani Group company, on Friday, June 27. BHEL, in an exchange filing post-market hours today, said that it has received a Letter of Award (LoA) from Adani Power for six thermal units of 800 MW. The nature of the award involves the supply of equipment – a steam turbine generator along with auxiliaries, and supervision of erection & commissioning, BHEL informed via the exchange filing. The broad consideration or size of the order is around ₹ 6,500 crore, excluding GST, the PSU company added. The recent order win adds to BHEL's project pipeline, which rose to its highest level in fiscal year 2024-25 (FY25). The company secured its highest-ever order inflows during the year, amounting to ₹ 92,534 crore, a company statement said in April. The company also posted a 19% on-year growth in revenue at ₹ 27,350 crore for the fiscal year 2024-25. The company stated that in the power sector, BHEL maintained its leadership by winning orders worth ₹ 81,349 crore. The industrial segment recorded fresh orders worth ₹ 11,185 crore, reflecting the company's diversified presence across sectors such as transportation, defence, process industries, and industrial equipment, it stated. With double-digit revenue growth, a record order book, and a healthy execution pipeline, BHEL entered FY 2025–26 with strong momentum, it stated, as per a PTI report. BHEL shares, though down 11% in the last one year, have rallied 13% on a year-to-date basis. In the past three months, BHEL stock has seen a sharp rally of 23% while the scrip is up 1.4% in the past one month. On a longer time frame, BHEL has emerged as a multibagger stock, rising 213% in two years, 475% in three years and 616% in five years.
