JM Financial Bets on Banks, Defence, and Infra
JM Financial has unveiled its India Model Portfolio with a strategic overweight on sectors such as banking, real estate, telecom, infrastructure, and defence, while maintaining an underweight position on internet platforms, utilities, cement, pharmaceuticals, and consumer staples. The brokerage described this sectoral positioning as part of a broader thematic view influenced by improving macroeconomic indicators, a more growth-oriented Reserve Bank of India (RBI), and valuation divergences across market capitalisations.JM Financial's portfolio reflects a +119 basis points (bps) overweight on b..
Kerala Floats Rs 11 Bn Tender for Palakkad Smart City
The Kerala government has issued a major tender under the Palakkad Smart City project, part of the Kochi–Bengaluru Industrial Corridor, with a projected investment of Rs 11 billion.The Kerala Industrial Infrastructure Development Corporation (Kinfra) announced on Wednesday that tenders have been invited for infrastructure development at the Puthussery Central and Kannambra areas of the Integrated Manufacturing Cluster in Palakkad.According to the release, the first phase of the project, with an estimated cost of Rs 11 billion, is slated for completion within four years. The development spans..
Power Minister Vows Rajabala Relief by August
Power Minister AT Mondal on Thursday addressed the ongoing electricity crisis in the plain regions of Garo Hills—particularly Rajabala—citing infrastructure limitations and right-of-way disputes as major hurdles.His comments follow criticism from the Trinamool Congress (TMC), which has warned of a public demonstration outside his residence unless swift action is taken.Rajabala TMC MLA, Mizanur Rahman Kazi, accused the state of neglecting repeated pleas, claiming several rural areas are experiencing prolonged outages, with blackouts lasting up to six days.Acknowledging the gravity of the is..
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