Market News Today

JSPL announces major investment in green hydrogen production to support India's energy transition and decarbonize steelmaking. The move includes renewable energy projects to power facilities, aiming for carbon-free steel. This aligns with India's goal of net-zero emissions by 2070 and promotes a robust hydrogen economy.

Rail users demand the introduction of Vande Bharat Metro service on the Thiruvananthapuram-Ernakulam route to enhance connectivity and efficiency. The high-speed service promises significant improvements in travel time, passenger convenience, and regional economic growth.

The Indian Railways Ministry is considering merging Konkan Railway with the larger network to enhance operational efficiency and connectivity. Benefits include better coordination and service enhancements, though logistical and administrative challenges must be addressed. A comprehensive review and stakeholder consultations are planned.

Nisus Finance, partnered with BCD Group, has raised Rs 4.5 billion for its debut Real Estate Special Opportunities Fund-1, aiming to raise an additional Rs 1.5 billion by the fiscal year-end. The fund targets mid-income and affordable housing projects, seeking 18-22% returns over five years.

Hindustan Zinc's all-women mine rescue team will represent India at the XIII International Mine Rescue Competition in Colombia. This seven-member team, the first from India, will participate in six categories, showcasing their exceptional skills in various mine rescue drills and evaluations.

The Delhi Development Authority (DDA) has extended the deadline for the final 25% payment for over 1,800 flats in Dwarka 19B to September 30. This follows buyers' requests for more time to arrange funds and ongoing finishing work in the apartments.

BofA Securities and Morgan Stanley initiate coverage on Brainbees Solutions, running FirstCry, with price targets of ₹770 and ₹818, respectively. They predict strong growth, with revenue expected to rise significantly and margins to improve over the next three years. Current stock closes at ₹640.

The Bombay High Court criticized the Slum Rehabilitation Authority for delaying a survey of eligible persons for a slum rehabilitation project. The court ordered the survey to be completed within four weeks and demanded explanations for the delay from November 2022 to March 2024.

Goldman Sachs secures nearly 74,000 sq ft of office space in Mumbai's Worli locality with a 10-year lease at Ascentia. The firm will pay approximately ₹3 billion in rent over the period with a 4.75% annual escalation and has an option for a further 10-year extension.

Shares of Garden Reach Shipbuilders Ltd. surged 6% to ₹1,812.95 following a $54 million order for four vessels from Carsten Rehder Schiffsmakler, totaling $108 million for eight vessels. The company also gained Schedule 'A' CPSE status and achieved ₹20,000 crore in market capitalisation.