Tejas Networks shares rose sharply on Monday after winning a 4G RAN supply order from a South Asian mobile operator. The deal boosts its global wireless expansion plans. As part of the order, the company’s 4G multiband radio products will be deployed at multiple locations across the unnamed mobile operator’s network.Read More
Adani Total Gas shares saw a dip as investors took profits. The company reduced prices for some industrial gas customers. This comes after a government order prioritizing gas for homes and transport. Supply disruptions in West Asia are impacting gas availability. India, a major LPG importer, faces rising cooking gas prices. Restaurants are adapting to the situation.Read More
Power stocks, including JSW Energy, NTPC Green Energy and Tata Power saw a dip on Monday investors likley booked profits after last week’s heatwave-driven rally. Rising temperatures and weather alerts had boosted demand expectations, but recent forecasts of rain and storms tempered sentiment.Read More
Indian government bonds declined as oil prices surged above $100 per barrel, with traders anticipating central bank intervention for market sentiment to improve. The ongoing conflict in the Middle East threatens to worsen domestic inflation through higher fuel prices, despite recent record bond purchases by the RBI.Read More
Bajel Projects’ shares surged after securing a significant Rs 700 crore order from MSETCL for a 400/220 kV Air Insulated Switchgear substation in Pune. This ultra mega project, the company’s largest in power transmission, includes turnkey EPC execution and associated transmission lines, bolstering Maharashtra’s grid.Read More
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