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Renault Duster 2026 launches in India
Renault India has officially launched the all-new Renault Duster 2026. The SUV is priced from Rs 10.49 lakh (ex-showroom), with a special R Pass pre-booking price of Rs 10.29 lakh. Deliveries will start in April 2026, while the strong hybrid E-Tech 160 variant will be available from Diwali 2026.Design and platformBuilt on the new Renault Group Modular Platform (RGMP), it is validated for extreme conditions and 5-star safety standards. The SUV retains its rugged, adventure-ready DNA while adding modern touches: trapezoidal grille, full LED headlamps, LED tail lamps, C-shaped tail-lights connected by a light bar, diamond-cut 18-inch alloy wheels, and a Mountain Jade green exterior option with a two-tone roof.InteriorInside, the Duster features a fighter-jet inspired, driver-focused cabin with premium materials. Highlights include:Dual-screen setup: 10.1-inch OpenR Link infotainment with Google built-in, and 10.25-inch digital driver displayVentilated and powered front seats with six-way adjustmentAmbient lighting, Mountain Jade leatherette upholstery, carbon and metallic accentsElectric panoramic sunroofMulti-sense drive modes (Eco, Comfort, Perso) with personalised profilesThe SUV also offers over 60 connected features, integration with Google AI Assistant, and personalisation options for ADAS functions.Features and safetyThe 2026 Duster is packed with features aimed at comfort, convenience, and safety:Dual-zone climate control, powered tailgate, electronic parking brake with auto-holdSix airbags, ABS with EBD, ISOFIX child seats, disc brakes on all wheels360-degree camera and Level 2 ADAS for semi-autonomous driving assistanceBookings and availabilityPre-bookings opened earlier this year at Rs 21,000 for the R Pass, which offers priority delivery, special introductory pricing, exclusive merchandise, and factory visits. The hybrid E-Tech 160 variant is already sold out for the year.The new Duster competes with popular mid-size SUVs such as the Hyundai Creta, Kia Seltos, Maruti Grand Vitara, Skoda Kushaq, Volkswagen Taigun, Honda Elevate, and Toyota Urban Cruiser Hyryder.
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Divestment jolt hits IDBI Bank as shares extend decline to 30% in a month. Buy, sell or hold?
IDBI Bank shares plunged more than 17% on Monday, extending their one-month decline to nearly 30%, after The Economic Times reported that the government’s strategic stake sale in the lender could stall because the financial bids received were reportedly below the floor price set for the deal. As the divestment process, which began nearly five years ago, continues to drag on and has tested investors’ patience, market experts that ETMarkets spoke to, remain divided on what investors should do with the stock. Here's what they opine.The news of the disinvestment process likely stalling dealt a fresh blow to investors, with the stock already down 17% over the past month going into Monday’s session. They hurried to offload IDBI Bank's shares soon after the market opened and over 12.5 crore shares traded on the exchange during the session, the NSE data revealed.Citing a source, the report further said if the government still intends to pursue the strategic sale, it will have to start the bidding process afresh, which will take time.Also read: IDBI Bank sale may stall as bids trail reserve priceMeanwhile, IDBI Bank issued a statement, clarifying that the proposed divestment is a confidential process being undertaken by the Government of India (GOI) and the lender is not in a position to either confirm or deny media reports.The government's equity in IDBI Bank as of December 31, 2025 stood at 45.48% while state-run Life Insurance Corporation of India (LIC) held 49.24% as on this date. Together, they held a 94.71% stake and aim to offload a 60.72% stake—30.48% by the government and 30.24% by LIC.Kranthi Bathini, Director-Equity Strategy at WealthMills Securities said that the news was a big sentiment dampener for investors who have been waiting a long time to get the process through. "It has really tested their patience, failing to meet the set timelines," he said. Moreover, the overall weak market sentiments and selling pressure in bank stocks have dented investors' confidence, he added.Nifty Bank is down 11% in a month, with stocks falling as much as 25% in this period.IDBI Bank disinvestment timelineThe proposed strategic disinvestment is being undertaken through a competitive bidding process and not through negotiations, keeping the lender out of the process, the company filing said.On May 5, 2021, IDBI Bank received an in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for its strategic disinvestment along with the transfer of management control in IDBI Bank.The government appointed KPMG India as the transaction advisor and Link legal as the legal advisors on October 7, 2022 for providing advisory services and managing the transaction.Market regulator Securities and Exchange Board of India (Sebi) approved the reclassification of GOI as public shareholder upon completion of the sale on January 5, 2023. It later allowed the reclassification of LIC as a public shareholder upon completion of the sale.Also read: QSR stocks slump up to 47% as weak investor appetite, rising fuel risks dent mood. Time to bottom fish?What should investors do?Shares of IDBI Bank are trading below their 50-day and 200-day simple moving averages of Rs 105 and Rs 98, respectively, according to Trendlyne data.Experts hold a divergent view on what to do with the stock.Sunny Agrawal, Head - Retail Fundamental Desk at SBI Securities advised investors to buy on dips, expecting the price to stabilise around the Rs 65-70 band (at FY26E 1.0x - 1.1x PBV multiple).Bathini of WealthMills said that the fundamentals of the lender remain intact, notwithstanding the correction. He recommends investors hold the counter while saying no to fresh additions.Lender's December quarter standalone net profit stood at Rs 1,935 crore compared to Rs 1,908 crore reported in the year-ago period, rising by 1.4% year-on-year. However, the profit after tax was down 47% on a sequential basis compared to Rs 3,627 crore in Q2 of FY26.The lender earned an interest income of Rs 7,074 crore in the quarter under review, which was down 9% versus Rs 7,816 crore in the year-ago period. It was marginally down by 0.4% versus Rs 7,104 crore in Q2FY26.Decoding the charts, Nilesh Jain, Vice President - Head of Technical and Derivative Research at Centrum Finverse said he sees weakness, going forward. His suggestion to investors is to 'Sell' on rise. (Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
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Alkyl Amines shares plunge 4% as ammonia shortage from Iran war forces production halt at 3 sites
Shares of Alkyl Amines Chemicals tanked as much as 4% to their day's low of Rs 1,212 on the BSE on Tuesday after the company said it has temporarily suspended the manufacturing of certain products at its Patalganga, Kurkumbh and Dahej plants due to the non-availability of ammonia, a key raw material used in the production of methylamines, ethylamines and their derivatives.The company said the disruption stems from the ongoing geopolitical conflict in the Middle East, which has affected global logistics networks as well as international crude oil and petrochemicals supply chains. The situation has also impacted the availability of liquefied natural gas (LNG), a critical input used in ammonia production.As a result, several ammonia manufacturers have invoked force majeure and indicated their inability to supply the product during this period. Due to the shortage of ammonia, Alkyl Amines said this situation also constitutes a force majeure event arising from the ongoing geopolitical conflict. Also read: IDBI Bank sale may stall as bids trail reserve priceHowever, the manufacture of other products at these sites that do not require ammonia will continue.The company said the financial and operational impact of the ongoing force majeure event cannot be estimated at this stage. It added that it is closely monitoring developments and exploring alternative sourcing arrangements for ammonia, and will inform stock exchanges of any material updates.Alkyl Amines share price performanceThe stock has been a market laggard, plunging 19% in the last one month. The share price has fallen nearly 40% in the last six months and is down over 20% since the beginning of the year.Alkyl Amines Q3 snapshotNet profit for the quarter stood at Rs 43 crore, marking a 1.4% decline from Rs 43.6 crore reported in the same period last year.Revenue fell 4.6% year-on-year to Rs 354 crore, compared with Rs 371.2 crore in the corresponding quarter of the previous financial year.EBITDA slipped 0.8% to Rs 67 crore from Rs 70.4 crore a year earlier, indicating some pressure on operating performance. As a result, EBITDA margin eased slightly to 18.9% from 19% in Q3 last year.Sensex, Nifty today: Catch all the LIVE stock market action here (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
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