Adani Group aims to become leader in cement sector in 4 years

Ambuja Cements’ announcement that it would acquire Hyderabad-based Penna Cement Industries could be the Adani Group company’s first step for wider inorganic expansion, according to......

India's defence sector a $138bn opportunity; HAL, BEL top buys: Nomura

India’s defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two......

Brokerages bullish on ICICI Bank stock after Q4 results

An in-line ICICI Bank result for the quarter ended March 31, 2024, has led to analysts raising target price and earnings per share (EPS) forecast on the stock. Photograph: Danish Siddiqui/Reuters......

Gap in stock prices, corporate earnings at highest level since 1990

As the Indian equity markets scale a new high, the gap between stock prices and the underlying corporate earnings has widened to its highest level in more than 30 years. Illustration: Dominic......