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Stock market recommendations: Nifty and Bank Nifty experienced significant declines last week, with Nifty falling due to US policy changes impacting IT and pharma sectors, signaling deepening bearish sentiment. Amidst this market weakness, SBI Securities recommends accumulating Larsen & Toubro and Ashok Leyland, citing strong technical breakouts and resilience for both stocks....

The Russian nuclear corporation also confirmed reports from September 15 that the status of the Paks 2 NPP construction was discussed with Hungarian partners during the IAEA conference...

Indian engineering giant Larsen & Toubro has secured a major order valued at up to $285mn from the state-owned Nuclear Power Corporation of India Ltd for works at the Kudankulam nuclear power plant in Tamil Nadu...

The Competition Commission of India (CCI) has approved JSW Paints' acquisition of a 74.76% stake in Akzo Nobel India for ₹12,915 crore. This deal will position JSW Paints as the fourth-largest player in the Indian paint industry. Additionally, CCI cleared Triumph Composites and Quartz Fibre's acquisition of Owens-Corning (India), covering specific glass fibre products....

China has officially launched the Xinjiang Tibet Railway Co. Ltd., initiating work on the strategic railway line near India's Ladakh border. This project, involving significant investment and traversing challenging terrain, aims to enhance connectivity between Xinjiang and Tibet....

The source recalled that India successfully withstood economic sanctions after the nuclear tests in Pokhran during the rule of former Prime Minister Atal Bihari Vajpayee...

The newly signed India-UK free trade agreement, CETA, will grant British companies national treatment, enabling them to deliver services in India without establishing a local base. The agreement covers various sectors, including telecom and financial services, while safeguarding sensitive Indian sectors like dairy and rice....

India's Global Capability Centres are poised to significantly boost the nation's economy. Goldman Sachs executive predicts a $0.5 trillion contribution to India's GVA in the coming decade. The GCC sector is expected to employ millions, playing a crucial role in India's economic growth. India is strategically positioned to capitalize on global trends with its talent pool and AI advancements....

India's wealth management sector is set for rapid expansion. Jefferies projects over 20% annual growth in the next three years. This growth is fueled by a booming economy and more rich individuals. Firms are targeting the ultra-rich. The advisory model is gaining traction. Competition is increasing. Companies must manage costs and employee retention to maintain growth....

India is expected to continue as a leading hub for Global Capability Centres. A PwC report indicates that most businesses plan to expand their operations in India. Over 150 new GCCs are projected to be established. The report suggests increased investment in infrastructure by the government. This will support India's digital transformation. The GCCs are evolving into innovation-led global hubs....

US companies are the biggest drivers of India's office space demand, leasing over 64 million sq ft between 2022 and 2024. Approximately 70% of this space is for Global Capability Centres (GCCs), particularly in Bengaluru. Technology and BFSI firms are leading this trend, drawn by India's skilled talent and favorable business environment....

Deloitte India's whitepaper reveals that India-based Global Capability Centres (GCCs) are now vital for multinational companies managing global tax operations. These GCCs, evolving beyond back-office roles, offer high-value tax expertise and drive digital transformation. With 76% already running global tax processes, India's GCC ecosystem is booming, projected to reach $105 billion by 2030....

Sika AG Chief Executive Officer Thomas Hasler views the Indian market as being one of the biggest opportunities for the Swiss building products company over the next few years....

Indian maritime companies forged shipbuilding and technology collaborations at the Nor-Shipping conference in Oslo, supported by a government initiative to strengthen global partnerships. Key agreements include Garden Reach Shipbuilders & Engineers Ltd partnering with a German firm for multi-purpose vessels with hybrid propulsion and Larsen & Toubro collaborating with Norway's DNV across various maritime and infrastructure projects....

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Mumbai-based engineering company Larsen & Toubro Limited has, over recent years, established itself as a major player in the global energy EPC market....

Mumbai-based engineering company Larsen & Toubro Limited has, over recent years, established itself as a major player in the global energy EPC market....

Mumbai-based engineering company Larsen & Toubro Limited has, over recent years, established itself as a major player in the global energy EPC market....

Mumbai-based engineering company Larsen & Toubro Limited has, over recent years, established itself as a major player in the global energy EPC market....

BUZZ-India's L&T rises on winning appeal against customs tax demand ** Shares of Larsen & Toubro LART.NS rise as much as 2.4% to hit record high at 3,958.5 rupees; last up 2.1% ** Infrastructure developer wins appeal against customs demand of 7.02 bln rupees ($82.9 mln) ** The Central Excise and Service Tax Appellate Tribunal, Ahmedabad sets aside...