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GE Vernova T&D India's shares have surged 47% year-to-date, driven by a robust order pipeline including significant contracts from Adani Energy Solutions and Power Grid Corporation. The company's order backlog, exceeding three times its FY25 revenue, signals strong long-term revenue visibility and supports projected revenue growth and capacity expansion.
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Wall Street experts predict a strong rally for the US stock market in 2026. This would mark four consecutive years of gains. Despite concerns about artificial intelligence and economic shifts, strategists are largely optimistic. The S&P 500 is expected to see further growth. This positive outlook is supported by a resilient economy and strong corporate earnings.
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Citgroup on Monday said it is selling the last of its business operations in Russia, and expecting to log a $1.1 billion loss in the process. AO Citibank, which conducts the company's remaining operations in Russia, is being sold to Renaissance Capital, according to the financial institution. gc/sla
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Indian stock markets saw a stark contrast in 2025. Foreign investors withdrew record funds, citing slowing growth and a weak rupee. However, domestic institutions, fueled by retail investor inflows, invested significantly. This shift led to domestic ownership of Indian companies exceeding foreign ownership. Despite market gains, Indian stocks underperformed other Asian markets. Domestic inflows provided crucial support to the market.
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The Indian Rupee weakened by eight paise on Monday, closing at 89.98 against the US Dollar. Foreign fund outflows and a downturn in domestic stock markets pressured the currency. Importers' demand for dollars also contributed to the decline. Analysts anticipate the Rupee to trade within a specific range this week, with key US economic data on the horizon.
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News and Media
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