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Infra, AC firms eye gains from India’s data centre investment boom
Major Indian companies like Larsen & Toubro, LG Electronics India, Voltas, and Blue Star are set to benefit from a surge in data centre investments. This boom is driven by artificial intelligence projects and substantial multi-billion dollar commitments from global tech giants.
cityfalcon.com·23h ago
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Bajaj Finance loses over Rs 19,000 crore in market valuation this week
Mumbai, December 14 (IANS): Bajaj Finance emerged as the biggest loser … investor sentiment in equities. Bajaj Finance ’s market capitalisation declined to … Bank of India, Infosys, Bajaj Finance , Larsen & Toubro and LIC …
cityfalcon.com·2d ago
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Top market movers: Eight of top-10 firms lose Rs 79,129 crore in value; Bajaj Finance, ICICI Bank lead weekly drag
India's top 10 most-valued companies experienced a significant market capitalization drop of Rs 79,129.21 crore last week, with Bajaj Finance and ICICI Bank facing the steepest declines. This broad market weakness saw eight of the top ten firms lose value, while only Reliance Industries and Larsen & Toubro registered gains.
cityfalcon.com·2d ago
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Indian shares extend Fed rate-fueled rebound; inflation data eyed
Indian shares advanced on Friday, building on last session’s Fed rate cut-led rebound, while investors awaited domestic inflation data due later in the day. The Nifty 50 rose 0.41% to 26,005.50 and the BSE Sensex added 0.42% to 85,166.16 as of 10:04 a.m. IST. Both the indexes gained about 0.5% each on Thursday in a broad-based rebound after a three-session slide. On the day, fourteen of the 16 major sectors logged gains. Small-caps and mid-capsrose 0.8% each. The rupee, however, remained under pressure, sliding to a record low against the U.S. dollar, with sentiment bogged down by the absence of a U.S.-India trade deal. Meanwhile, Indian Prime Minister Narendra Modi said he spoke with U.S. President Donald Trump by phone on Thursday, as New Delhi seeks relief from the 50% U.S. tariffs on some of its key exports. “While the sentiment remains supported by global stability following the recent Fed rate cut, foreign fund outflows and rupee weakness keep traders somewhat cautious,” said Aakash Shah, technical research analyst at Choice Equity Broking.
cityfalcon.com·5d ago
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L&T transfers realty biz to subsidiary in 6.3k crore rejig
India Business News: Mumbai: Larsen & Toubro will transfer its real estate business to L&T Realty Properties, a wholly owned subsidiary of the company, for Rs 6,29.
cityfalcon.com·8d ago
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