Market Bizzz

Global LIB demand is going to grow from a current level of 800 GWh to 6,000 GWh by 2030 at a CAGR of 31 per cent. After China, India has become the second most attractive market for manufacturing which will also witness significant growth in this sunrise sector.

Sharma stated that its electronics, railways & metro, data centres, warehouse & logistics and renewables segments are growing at a high rate of 15 per cent and above.

Our goal is to expand the capacity to 60 helicopters once the second phase of the factory is complete. If there is enough demand, we aim to eventually produce up to 90 helicopters. We are also working on creating an ecosystem within the factory by partnering with MSMEs.

Adisri offered Rs 3000 crore upfront payment and the balance as deferred payment in the form of non-convertible debentures (NCD), optional convertible debentures (OCD) and equity

The ECB has raised interest rates by 3 percentage points since July and promised a 50 basis-point hike for March, and Schnabel would not rule out another 50 basis-point move in May as well.

The benchmark 10-year yield ended at 7.3627%, after closing at 7.3432% on Thursday. The yield rose by eight basis points (bps) this week, the biggest such move since the week ended Sep. 23, 2022. It had dropped 11 bps last week

US stock indexes ended lower on Thursday, erasing earlier gains as Treasury yields rose after an auction of 30-year bonds went poorly and overshadowed strong earnings from corporate giants like Disney and PepsiCo.

Food delivery giant Zomato’s net loss widened to Rs 347 core compared with a loss of 63 crore a year ago. Consolidated revenue from operations surged 75% on year to Rs 1,948 crore.

While analysts retained their bullish calls on Adani Ports, they cut price targets after the company reported a 16% year-on-year drop in consolidated net profit for three months ended December 2022.