Jindal enters JV agreement with Buhur in Saudi

Jindal Saw on Monday approved the incorporation of a step-down subsidiary in the UAE and entered into joint venture (JV) agreements to establish two new companies in Saudi Arabia.The new UAE subsidiary will focus on setting up a pipe manufacturing facility with a capacity of 300,000 tons per annum (TPA) in Abu Dhabi. This facility aims to cater primarily to the oil and gas sector across the MENA region.In Saudi Arabia, Jindal Saw Holdings FZE, a subsidiary of Jindal Saw, has partnered with Buhur for Investment Company LLC to launch a helically spiral welded (HSAW) pipe project. Additionally, a JV with RAX United Industrial Company will establish a ductile iron pipe manufacturing unit, further strengthening the company’s footprint in the iron and steel industry in Saudi Arabia.All necessa

China's factory-gate deflation worst in 22 mths

Delhi to experience heatwave-like conditions

The underlying problems of world crcket

London: Reigning champions Australia face South Africa in the World Test Championship final at Lord's starting Wednesday amid a chorus of criticism over the competition's format.Wisden, cricket's 'bible', was scathing in its assessment, with editor Lawrence Booth writing in this year's edition that the WTC is a "shambles masquerading as a showpiece".Meanwhile, former England captain Michael Atherton said "everyone knows the WTC in its present guise is flawed".One fundamental problem is that political tensions mean India and Pakistan, two of cricket's leading nations, have not played a Test against each other since 2007.The nine-nation WTC is further skewed because the teams are not being required to face each other or to play the same number of matches, unlike most sports leagues. Countri

Sebi probes if stock indices faced manipulation threat

Shocking truth behind Squid Game's success out

How will RBI's rate cut impact bank profits and interest rates?

ET Intelligence Group: The influx of liquidity after the latest monetary policy measures provides banks with a dual advantage. The freed-up funds can be either deployed to meet growing credit demand or invested in government securities and corporate bonds, each of which will support the growth in interest income. Also, armed with the excess liquidity, lenders are expected to cut deposit rates thereby reducing cost of funds. The combination of rising interest income and declining funding costs is set to enhance net interest income (NII) and net profit. NIM pressure is expected to bottom out by the end of September quarter. Banks with a larger share of fixed-rate loans are likely to benefit more in the current rate-cutting cycle."We expect NIMs to be under pressure in the first half of the c

Fresh triggers could take Nifty to 25,300–25,500: Analysts

Nifty is expected to move towards the 25,300–25,500 range, supported by the RBI’s 50-bps rate cut on Friday. Experts believe that rate-sensitive sectors—such as private banks, real estate, automobiles, metals, and select index heavyweights—could lead the market gains this week. Investors are advised to adopt a ‘buy on dips’ approach.JATIN GEDIA TECHNICAL RESEARCH ANALYST, MIRAE ASSET SHAREKHANWhere is Nifty Headed This Week? Nifty is on the verge of a breakout after a threeweek consolidation in the 24,460 – 25,100 range. The consolidation has taken the form of a Symmetrical Triangle pattern, which indicates a trend continuation pattern. The underlying trend for the Nifty is bullish, and the next leg of the up-move is likely to take the Index towards 25,307. The rally has the

Mizuho to acquire Avendus from KKR at $700 mn valuation

After RBI's rate cut, ICICI Bank cuts FD interest rates