Indian Market - Lakshmishree News

BMC Orders Mumbai Eateries to Shift to CNG or Piped Gas by July, Warns of Strict Action

The Brihanmumbai Municipal Corporation (BMC) has directed roadside hawkers, dining centers, and restaurants in Mumbai to transition to cleaner fuels like Compressed Natural Gas (CNG) or Piped Natural Gas (PNG) on or before 8th of July, 2025, failing which strict action will be taken. The move, undertaken with the intent of lowering air pollution, has […]

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Patel Engineering Shares Dip Slightly After Winning ₹1,090 Crore Project Bid

Lisl News Desk / Indian Market

Shares of Patel Engineering (PEL) traded marginally lower in early trade on February 18, despite the company being declared the lowest bidder (L1) for a project worth ₹1,090.45 crore. At 9:23, shares of Patel Engineering fell 0.31%, down by ₹0.14, and traded at ₹44.38 on the BSE. The contract has been awarded by the Maharashtra

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Borosil Renewables Shares Hit 5% Lower Circuit as Q3 Losses Deepen

Lisl News Desk / Indian Market

Shares of Borosil Renewables were locked lower by 5 percent on 17 February after its wider quarter-ended December quarter loss announcement. The company’s net loss surged to ₹30 crore, compared to its loss of ₹15.90 crore reported by it within the same quarter of last year. The company’s bottom-line was impacted by rising input costs,

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FlyDubai Explores Entry into Indian Aviation Market Through Go First Acquisition Bid by Busy Bee

Lisl News Desk / Indian Market

Dubai-based low-cost carrier FlyDubai is considering its foray into India’s domestic aviation market through Busy Bee Airways, which is negotiating to acquire bankrupt carrier Go First. According to reports, Busy Bee has contacted Go First’s Committee of Creditors (CoC) to acquire its flying licence, trademarks, and airport slots. Busy Bee is not, though, seeking Go

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Nifty, Sensex Fall for Ninth Straight Session as Market Weakness Continues; India VIX Jumps 7%

Lisl News Desk / Indian Market

The Indian stock market continued its losing streak for the ninth consecutive session on February 17, as Nifty 50 and Sensex opened in the red. Weak global cues, heavy selling by foreign institutional investors (FIIs), a falling rupee, and the imposition of US reciprocal tariffs on Indian exports have dampened investor sentiment, leading to sharp

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US Tariff Concerns Hit Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4%

Lisl News Desk / Indian Market

US Tariff Concerns Trigger Sell-Off in Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4% Shares of Indian pharmaceutical companies came under heavy selling pressure on February 14 amid rising concerns over potential US tariffs on drug imports. The decline followed comments from former US President Donald Trump, who suggested imposing reciprocal tariffs on several

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BAT Plans to Exit ITC Hotels Stake at Optimal Time to Maximise Returns

Lisl News Desk / Indian Market

British American Tobacco (BAT), the largest shareholder of India’s leading cigarette manufacturer ITC Ltd, has announced plans to divest its stake in ITC Hotels by 2026. The decision is part of BAT’s broader strategy to focus on its core business and maximise shareholder value. BAT’s CEO, Tadeu Marroco, stated in a post-earnings call that the

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Volvo Group to Invest ₹1,400 Crore in Karnataka for New International Manufacturing Hub

Lisl News Desk / Indian Market

Volvo Group has announced an investment of ₹1,400 crore to expand its manufacturing operations in Karnataka. The company signed a Memorandum of Understanding (MoU) with the Karnataka government on February 13 to establish its fourth international manufacturing hub in Hosakote, Bengaluru. The agreement was inked in Chief Minister Siddaramaiah’s official residence, ‘Cauvery,’ in the presence

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Vodafone Idea Shares Surge 7% on ₹10,000 Crore Expansion Plan

Lisl News Desk / Indian Market

Shares of Vodafone Idea rebounded sharply on February 13, climbing 7% to ₹8.99, as investors cheered the telecom company’s plans for a ₹10,000 crore network expansion by the end of March. The positive management outlook helped reverse a three-day losing streak in the stock. The Aditya Birla Group-backed telecom operator has already spent ₹5,300 crore

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Natco Pharma Shares Slump 18.5% Amid Disappointing Q3 Earnings

Lisl News Desk / Indian Market

Natco Pharma’s stock took a severe hit on February 13, plunging 18.5% as investors reacted negatively to the company’s weak Q3 earnings report. The pharmaceutical firm reported a 38% drop in net profit, which stood at ₹132.4 crore for the quarter, compared to ₹212.7 crore in the same period last year. Revenue also declined significantly

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