The Nifty, he says, has to hold the 17,777 zone for any kind of upward move. If it doesn’t, the index may fall to the 17,500-17,350 range. The metal index is trading near its life-time high and can hit 7,000, Taparia says.

Rajesh Exports, AVG Logistics, Shahlon Silk Industries, MRC Agrotech, Lee & Nee Softwares, Milton Industries and Destiny Logistics & Infra are among the companies that will announce their results for September 2022 quarter today.

"Luck might work in the short term but skill works in the longer term. So depending on whether it's a short-term or long-term mindset, luck can play a huge role. Personally, for me, I do want to feel lucky by making a tiny profit at the close of Muhurat. Though eventually, it is not really important in the longer term what happens in an hour of trading without a change in fundamentals."

The nation's biggest life insurer with revenue of $97.26 billion and a profit of $553.8 million, was ranked 98th on the just released Fortune 500 list. Reliance Industries jumped 51 places to 104 on the 2022 list.

The Ministry of Heavy Industries has signed contracts with three companies under the Production-Linked Incentive (PLI) Scheme for advanced chemistry cell (ACC) battery storage. Minister for heavy industries Mahendra Nath Pandey said the scheme would be favourable to the electric vehicle ecosystem and the energy storage market, as it would support the demand for EVs and renewables and attract investment in this sector.

Reliance New Energy Limited, Ola Electric Mobility Private Limited and Rajesh Exports Limited, the three selected bidders, signed the Program Agreement under Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage on Thursday.

The government has set aside Rs 18,000 crore as a production-linked incentive for the sector that manufacturers like Ola Electric can capitalise on.

In March this year, the ministry had announced that four companies -- Rajesh Exports, Hyundai Global Motors Company, Ola Electric Mobility and Reliance New Energy -- are eligible for receiving benefits under the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage. The allotment was made for a total of 50 GWh of battery capacity to the four successful bidders.

Senior government officials told ET that a team has been set up to consider the representation made by Hyundai Motor, which has accused Hyundai Global Motors of wrongly utilising its trademark, tradename and logo, and making misrepresentations before authorities in the country.

Shares of jewellery exporter Rajesh Exports surged 5 percent to Rs 549.20 on the BSE on June 13, in an otherwise weak market, a day after its subsidiary Elest announced it will be setting up the country's first display fab facility in Telangana with investments worth Rs 24,000 crore.

Amid the continuous shortage of vital supplies for the auto and electronics industry, India and governments around the globe are trying to support the construction of semiconductor and display factories.

India and many governments around the world have raced to subsidise the construction of semiconductor and display factories as a shortage has hobbled the auto and electronics industries and highlighted the world's dependence on a few sources, such as Taiwan, for vital supplies.

The Telangana government signed an MoU with Karnataka-based Elest for the proposed fabrication unit which will manufacture next generation displays for smartphones, tablet computers, and laptops.

Rajesh Exports moved higher in the global jewellery supply chain with the acquisition of Swiss refiner Valcambi in July 2015, taking its total capacity to 2,400 tonnes per year.

According to a recent government release, Rajesh Exports was among four companies — Ola Electric, Hyundai, and a Reliance company are the others —to win incentives under an Rs 18,100-crore central scheme to advance battery cell production in the country.

Typically, a weaker rupee does not bode well for domestic equity or debt markets as foreign portfolio investors returns from Indian assets reduce, prompting them to exit such investments. Moreover, with Indians being heavily dependent on imports of certain dollar-denominated commodities such as crude oil, a weaker rupee widens the Current Account Deficit and presents the risk of imported inflation.

The focus on the manufacturing of advanced chemistry cell (ACC) battery storage is important, as it will help drive storage costs down and facilitate adoption of clean energy.

Hyundai and Ola Electric have been awarded support for setting up 20 Gigawatt Hour (GWh) of manufacturing capacity each. Reliance and Rajesh Exports will be getting PLI for setting up 5 GWh of manufacturing capacity. Reliance New Energy Solar's bid for setting up another 15 GWh of capacity has been waitlisted.