Latest Sectors News

CNBC's Jim Cramer said he only sees two sectors in the market these days — the data center stocks and everything else. View More

In this article.SPXIRMFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO3:2103:21Quanta is the obvious winner when you want to build out the grid, says Jim CramerMad Money with Jim Cramer CNBC's Jim Cramer said there are essentially only two sectors in the market these days — the data center stocks and everything else. "The data center, the data center, the data center," said the "Mad Money" host. "You probably tempted to say enough already … but this quarter it went mainstream."The S&P 500 closed at another all-time high on Thursday, powered by a broad group of stocks benefiting from the massive buildout of artificial intelligence infrastructure. Cramer said the pattern is unmistakable: many of the market's biggest winners are all connected, directly or indirectly, to data centers. He pointed to Quanta Services as a prime example. The company builds power lines and grid infrastructure, which have become critical as utilities scramble to meet soaring electricity demand. Data centers, Cramer said, are "giant mouths that must be fed with never-ending electricity," creating opportunity far beyond semiconductors. Cramer also explained that Eaton and Vertiv are benefiting from power management and cooling needs, and Carrier Global is seeing a turnaround tied to data center cooling. "This quarter may be the beginning of a multi-year move," Cramer said. Teradyne has rallied as increased chip production requires more of its testing services. Cramer noted that chipmaker Qualcomm, which has long traded in connection to the smartphone market, is breaking into the data center market with a new, unnamed customer. Even industrial names are being pulled in. Caterpillar is seeing strong demand for its turbines, which are increasingly used to power data centers. "I worry they don't have enough," Cramer said, noting the strength of demand. Meanwhile, networking firms like Ciena, Arista Networks, and Cisco are benefiting as data centers require more connectivity to move massive amounts of data. Even real estate investment trust Iron Mountain, long known for physical document storage, is now leasing space to hyperscalers seeking more computing power. Cramer said the breadth of winners shows the data center boom is no longer a narrow tech trade, but a full-scale industrial expansion with lots of opportunity for investors. "What do we see? A manufacturing mosaic," he said. "As far as I am concerned, the data center is a windfall for almost every slice of the economy." watch nowVIDEO10:3810:38Jim Cramer explains the market can be essentially split into the data center stocks and everything elseMad Money with Jim Cramer Jim Cramer's Guide to InvestingClick here to read Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market.DisclaimerQuestions for Cramer? Call Cramer: 1-800-743-CNBCWant to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - InstagramQuestions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Hindustan Laboratories has received Sebi's observations, a crucial step towards its IPO, which includes a fresh issue and an offer for sale. The company plans to use the proceeds for working capital and general corporate needs. RK Steel Manufacturing also received regulatory approval for its issue. View More

Indian pharmaceutical firm Hindustan Laboratories has received observations from capital markets regulator Sebi, clearing a key step toward its proposed initial public offering (IPO). The IPO comprises a total issue size of up to 14.1 million equity shares with a face value of Rs 10 each. This includes a fresh issue of up to 5 million shares and an offer for sale (OFS) of up to 9.1 million shares by existing shareholders. According to the filing, the company intends to use the net proceeds from the fresh issue primarily to fund its working capital requirements and for general corporate purposes. Hindustan Laboratories operates in the generic pharmaceuticals segment, focusing on the large-scale manufacturing and supply of affordable medicines. Its portfolio mainly consists of generic formulations, drugs whose patents have expired and are typically priced lower than branded alternatives, making them widely accessible. The company’s business model is largely business-to-government (B2G), with a strong presence in public procurement systems. It supplies medicines under contracts for central government projects routed through agencies of the Ministry of Health and Family Welfare, as well as various state government bodies. These government institutions form the bulk of its customer base. The IPO is being managed by Choice Capital Advisors Private Limited, which has been appointed as the book-running lead manager for the issue. Live Events Apart from Hindustan Labs, RK Steel has also received the nod from regulator to launch the issue. Incorporated in 2006, RK Steel Manufacturing is a prominent manufacturer of welded structural steel tubes and pipes. The company boasts a diverse product portfolio, including Pre-Galvanised Pipes (GP), Hot Dip Galvanised Pipes (GI), Hot Rolled Pipes (HR), and Cold Rolled Pipes (CR), alongside value-added products like GP Coils and CRFH Coils. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

The new addition was part of AM/NS India’s ongoing ? 60,000-crore expansion project at Hazira, to develop upstream, downstream, and other enabling facilities View More

Both companies had filed their draft papers in September and received SEBI’s observations on April 27, which effectively clears them to proceed. View More

The combination would create the world’s largest elevator maker and marks one of Europe's biggest takeovers in recent years. View More

A TK Elevator (TKE) elevator on display at the Microsoft Corp. booth at the Hannover Messe 2026 trade fair in Hannover, Germany, on Monday, April 20, 2026.Bloomberg | Bloomberg | Getty Images Finland's Kone has agreed to buy German rival TK Elevator in a deal valued at 29.4 billion euros ($34.4 billion), marking one of Europe's biggest takeover agreements in recent years.The cash and share agreement, which had been rumored in recent days, would create the world's largest elevator maker, overtaking rivals such as U.S.-based Otis and Switzerland's Schindler. Kone said the deal would result in estimated synergies of 700 million euros on an annual run-rate basis."For over a century, both KONE and TKE have successfully developed their businesses, in tandem with an urbanizing world. By uniting, we are laying the foundation for an even more innovative company, well positioned for long-term success," Kone CEO Philippe Delorme said in a statement.Kone shareholders holding just over 40% of all outstanding shares and approximately 74.3% of total votes have agreed to support the deal, the company said. TK Elevator CEO Uday Yadav said the two companies share a "deep respect" as he welcomed the announcement. "Together we will bring the very best of both companies to our customers, our people, and the cities we serve. The best of our story lies ahead," Yadav said. Shares of German steel company Thyssenkrupp rose 8% on the news, paring gains having climbed as much as 14%. TK Elevator became an independent company after separating from Thyssenkrupp in 2020. Private equity firms Advent and Cinven bought TK Elevator for around 17 billion euros at the time.The proposed merger is expected to face industry scrutiny, with Schindler telling Reuters late last month that it was prepared to challenge any such deal before antitrust authorities. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Vedanta anticipates a $50-$100 per tonne increase in aluminium production costs by H1FY27 due to the US-Israel and Iran conflict. Despite this geopolitical pressure, the company projects a rise in aluminium output to 2.6–2.7 million tonnes and alumina production to 4–4.1 million tonnes in FY27. View More

Vedanta Ltd. has flagged a fresh cost pressure for FY27, warning that the ongoing war between the US, Israel and Iran could add $50–100 per tonne to the aluminium cost of production in H1FY27, even as it guides for annual aluminium CoP at $1,650–1,700 per tonne. Prices of base metals spiked during the quarter ending March 31 due to supply disruption linked to the ‌ongoing war in the Middle East. ⁠Vedanta's aluminium ⁠business is the biggest in India and contributes to nearly 40% of the company's revenue. The company expects aluminium output to rise to 2.6–2.7 million tonnes in FY27 from 2.46 million tonnes in FY26, while alumina production is projected at 4–4.1 million tonnes, signalling growth despite geopolitical cost headwinds. The metals-to-oil conglomerate reported a 92.3% jump in quarterly profit , helped by strong base metal prices that boosted margins. Vendanta's revenue from the aluminium segment rose 17.4% year-over-year, while from the zinc and lead India ⁠segment advanced 21.4%. Copper segment revenue jumped 53.9% from a year earlier, boosting total revenue up 29.5% to Rs 515.24 billion. Live Events Earlier this month, Vendanta approved its demerger into four separate listed companies, effective May 1, where it would spin off businesses like steel and ferrous metals, oil and gas , aluminium, ⁠and power, ‌while its base metals unit will remain with the parent. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Shares of Coke have risen just 6% over the last year, hurt by concerns about the broader economy. View More

In this articleKOFollow your favorite stocksCREATE FREE ACCOUNT Bottles of Coca-Cola for sale at a store in LaBelle, Florida, Feb. 8, 2026.Zak Bennett | Bloomberg | Getty Images Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts' expectations, fueled by higher demand for its beverages.For the full year, Coke is now projecting comparable earnings per share growth of 8% to 9%, up from its prior forecast of 7% to 8%, thanks to lower effective tax rates. And despite uncertainty over the U.S.-Iran war and its ramifications for the broader economy, the company reiterated its previous outlook of organic revenue growth of 4% to 5%."During the quarter, the external environment differed greatly across our markets," CEO Henrique Braun said on the company's conference call. "While many consumers remained resilient, others are under pressure due to persistent inflation, greater macroeconomic uncertainty and volatilities driven by the conflict in the Middle East."Shares of the company rose 5% in morning trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 86 cents adjusted vs. 81 cents expectedRevenue: $12.47 billion adjusted vs. $12.24 billion expectedCoke reported first-quarter net income attributable to shareholders of $3.92 billion, or 91 cents per share, up from $3.33 billion, or 77 cents per share, a year earlier.Excluding impairment charges and other items, the beverage giant earned 86 cents per share.The company's adjusted net sales climbed 12% to $12.47 billion. Coke's organic revenue, which strips out acquisitions, divestitures and currency, rose 10% in the quarter.The company's unit case volume increased 3% globally. The metric excludes pricing to reflect demand more accurately.In the past few quarters, Coke executives have reported weaker demand from lower-income consumers. However, premium brands like Fairlife and Smartwater have stayed strong in the current K-shaped economy, boosted by high-income shoppers who aren't feeling the same pinch as low-income consumers. Coke has also been trying to offer more affordable options for budget-conscious shoppers, Braun said on Tuesday's call.All of Coke's operating segments reported volume growth for the quarter, including its home market. The company's volume in North America increased 4%. Across the portfolio, Coke's water, sports, coffee and tea segment reported the strongest global growth. The division saw volume rise 5%, fueled by stronger demand for its tea and bottled water. The sparkling soft drinks division reported that volume increased 2%, fueled by a 13% jump for Coca-Cola Zero Sugar.The laggard of the portfolio this quarter was Coke's juice, value-added dairy and plant-based beverage segment, which reported a volume decline of 1%. Growth in Fairlife and Santa Clara, a Mexican dairy brand, was not enough to offset the sale of the company's finished product operations in Nigeria last year.Looking ahead to the rest of the year, Coke executives expressed confidence that they would be able to weather the uncertainty caused by the war between the U.S. and Iran. "Notwithstanding volatility in certain commodities, like tea and coffee, we believe the overall impact on our cost basket is manageable at this time," CFO John Murphy said, adding that the outlook may change as the geopolitical situation progresses.The company has less exposure to higher aluminum and plastic prices than its bottling partners. However, sales in the Middle East did weaken in March after the conflict began, executives said. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Steel company shares hit new highs as brokerage optimism increased due to improving global dynamics and strong earnings potential. Jefferies and Goldman Sachs project growth for Indian steel firms. View More

Italy, Vietnam, Belgium, the UAE, and Spain were ?the biggest buyers of Indian ?finished steel View More

India has become a net exporter of finished steel for the first time in the fiscal year ending March 31. The nation shipped 6.6 million metric tons, a significant 35.9% increase from the previous year, while imports fell by 31.7%. Crude steel production also saw a substantial rise. View More

By Neha Arora NEW DELHI, - India turned a net exporter of finished steel in the financial year that ended on March 31, provisional government data ‌reviewed ⁠by Reuters ⁠showed on Tuesday. Here are some key details: The world's second-biggest crude steel producer shipped 6.6 million metric tons of finished steel in 2025/26, up 35.9% from a ⁠year ago, ‌the data showed. Italy, Vietnam, Belgium, the UAE, ⁠and Spain were the biggest buyers of Indian finished steel. New Delhi imported 6.5 million tons of finished steel during the fiscal year 2025/26, down 31.7% from a year earlier. South ‌Korea, China, Japan, Vietnam, and Russia were the biggest exporters of finished ⁠steel to India. Crude steel production in the year reached 169.2 million tons, up 11.2% on year. Finished steel consumption was at 164.2 million tons, up 8%, the data showed. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)