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Economic Buzz: Australia's economic recovery expected to continue in near-term, says IMF

Mumbai, Feb. 16 -- The International Monetary Fund (IMF) has stated in a latest update that the Australian economy is managing a soft landing. Growth picked up to 2.1 percent year on year in 2025Q3 af... Read More


Sensex jumps 149 pts; pharma shares in demand

Mumbai, Feb. 16 -- The key equity benchmarks continued to trade with modest gains in mid-morning trade, recovering from early losses amid volatile conditions as value buying in select sectors lent sup... Read More


Desco Infratech spurts on bagging Rs 40-cr power & solar orders

Mumbai, Feb. 16 -- The company has secured an order from KP Energy for cable laying with digging work in Gujarat. The contract value stands at Rs 1.09 crore and will be executed as per the terms of th... Read More


Board of Axita Cotton allots 3.47 cr equity shares under bonus issue

Mumbai, Feb. 16 -- The board of Axita Cotton at its meeting held on 16 February 2026 has approved the allotment of 3,47,22,832 equity shares of Re 1 each as fully paid-up bonus equity shares in ratio ... Read More


Commodities Buzz: LME Copper inventories spike to nine and half month highs

Mumbai, Feb. 16 -- LME Copper inventories continued to see sharp upside. Inventories jumped 7225 onnes to 203875 tonnes on Friday- hitting nine and half month high. Stocks are up around 43% in last on... Read More


Mukand announces change in CEO - Machine Building Division

Mumbai, Feb. 16 -- Mukand announced that Gurnam Singh shall cease to be Chief Executive Officer - Machine Building Division, due to his retirement, with effect from 16 February 2026. Vidyakant S. Mirj... Read More


RBIs tighter lending norms rattle capital market stocks

Mumbai, Feb. 16 -- The Nifty Capital Markets index declined 2.02% to 4,691.80, reflecting broad weakness across capital market stocks. BSE plunged 7.22%, while Angel One fell 4.57% and Groww declined ... Read More


Duke Offshore reports standalone net profit of Rs 0.89 crore in the December 2025 quarter

Mumbai, Feb. 16 -- Net profit of Duke Offshore reported to Rs 0.89 crore in the quarter ended December 2025 as against net loss of Rs 0.78 crore during the previous quarter ended December 2024. There ... Read More


Velox Shipping and Logistics standalone net profit rises 271.43% in the December 2025 quarter

Mumbai, Feb. 16 -- Net profit of Velox Shipping and Logistics rose 271.43% to Rs 0.26 crore in the quarter ended December 2025 as against Rs 0.07 crore during the previous quarter ended December 2024.... Read More


Fabtech Tech secures $7.05 million order from West Africa

Mumbai, Feb. 16 -- According to an exchange filing, the contract involves the supply, installation, and commissioning of infrastructure for an Oral Solid Dosage (OSD) facility. The project is schedul... Read More