Moscow proposes considering the possibility of establishing a direct railway connection between Russia and India

Significant turbulence was observed in the stock market on the first trading day of the week. Despite this, by the end of the day, the BSE Sensex index closed with a gain of 43 points, and Nifty on NSE showed an increase of only 13 points, remaining in the green zone. However, during trading, there was a sharp collapse in the shares of the defense company Bharat Forge, causing panic among investors.

Bharat Forge shares started trading on Monday with a slight increase compared to the previous closing, and this rise continued for some time. Then, the company announced its first-quarter results, after which the shares began to fall and quickly plummeted, losing up to 9 percent during trading.

Announcing the results for the April-June 2026-27 fiscal year, Bharat Forge reported a 5% decrease in its net income compared to the same fiscal year, amounting to 321.40 crore rupees. In the same period last year, the profit was 338.50 crore rupees.

A year-on-year decrease in the company's margin was also noted: it decreased from 27.17% to 24.95%. Nevertheless, Bharat Forge's operating income increased to 2,347.4 crore rupees compared to 2,104.7 crore rupees in the first quarter of last year. Furthermore, on a consolidated basis, the company incurred a loss of 90 crore rupees due to one-time losses in this quarter.

Before the announcement of quarterly results, the company's shares were rising, and during the initial trading on Monday, the price reached 2295 rupees, marking a new 52-week high. The situation seemed stable, but the publication of financial data and information about losses negatively affected investor sentiment.

At 13:30, Bharat Forge shares suddenly began to decline, trading at a price of 2264 rupees, and by 15:00, they collapsed by approximately 9%, reaching the level of 2056 rupees. The sharp drop led to a decrease in the company's market capitalization. Although the decline slowed down by the close of trading, the shares still corrected by 6.76%, ending the trading session at 2112 rupees. The company's market capitalization fell to 1.01 lakh crore rupees.

Bharat Forge Limited is a large global company in engineering and manufacturing. It supplies components used in the automotive, defense, aerospace, railway, marine, and energy sectors. Specifically, in the defense sector, the company manufactures artillery, marine gas turbine generators, and other defense equipment.

India has reached an important milestone in the field of clean energy: the installed capacity for renewable energy generation has exceeded 300 GW. This figure allows the country to be more than 60% closer to its goal of achieving 500 GW of non-fossil fuel capacity by 2030.

Atul Mathur, Senior Assistant Editor at The Times of India, has over 27 years of experience in journalism. He is based in Delhi and has dedicated most of his career to covering issues of public administration, public policy, and political processes, creating in-depth, data-driven pieces that affect daily life.

Atul is known for his ability to conduct investigations and create compelling stories based on human interest, striving to clarify complex issues. Currently, he monitors the energy sector, publishing articles on power generation, renewable energy, coal, and mines.

The Ministry of Mining and Geology of Uzbekistan reported that representatives from Uzbekistan and PwC Consulting held discussions on prospects for joint work.

The areas of cooperation under discussion include geology, critical minerals, digital transformation, and artificial intelligence. The meeting took place in Tashkent, Uzbekistan.

The First Deputy Minister of Mining and Geology, Feruza Khamidova, held the meeting with PwC Consulting representative David Goginashvili. The parties discussed the possibility of developing a partnership in the listed fields and implementing joint projects.

Participants expressed readiness for further expansion and continuation of cooperation between the parties.