The rupee maintained its gaining momentum for the third straight day and appreciated by 2 paise to 83.30 against the US dollar in early trade on Thursday, tracking positive cues from equity markets and sustained foreign fund inflow. Forex traders said, crude oil prices hovering above USD 82 per barrel ahead of the crucial meeting […]
Govt took many pro-active steps to control prices of food items: Piyush Goyal
Food and Consumer Affairs Minister Piyush Goyal on Sunday noted that the Centre has taken many pro-active steps in last few years to control retail prices of food items and said the government will keep inflation under control while ensuring country’s economic growth. He was addressing an event, organised by the ministry here, to celebrate [&hellip
Jefferies initiates coverage on Honasa Consumer with Buy recommendation, sees 57% upside
Honasa Consumer, the parent company of popular brand Mamaearth, witnessed a 3.5% increase in its stock amidst volatile trading. This surge followed Jefferies India’s initiation of coverage, giving the stock a high conviction buy rating and revising its target price to Rs 520 per share. Jefferies predicts an impressive 57% growth for Honasa Consumer
Stocks to watch: Tata Power, Adani Enterprises, SBI, IRCTC, Manappuram Finance, Oberoi Realty
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded up 67 points or 0.34% at 19,809, indicating a positive opening for domestic indices NSE Nifty 50 and […]
Microfinance arm may hit IPO market in next 12 months: Muthoot Finance MD
Belstar Microfinance, a subsidiary of Muthoot Finance is likely to launch an initial public offering in the next 12 months, Managing Director George Alexander Muthoot said. He tells Ajay Ramanathan that the company has requested the Reserve Bank of India (RBI) for a deposit license. Q. You recently launched business loans for MSMEs. What is [&helli
Tech-driven revolution: Demise of full-time office work
By Tabir Rakhshinda Hussein The traditional notion of full-time office work is quickly becoming obsolete. Factors like the digital revolution and the global pandemic have accelerated this shift in how we perceive and approach work. In a recent revelation, Tata Consultancy Services (TCS), a global IT and consulting giant, reported an attrition rate
G7 Leaders meet in Tokyo to discuss Russia’s war, Ukraine’s security and Gaza’s conflict- See Photos
1/10 G7 counterparts began two days of talks in Tokyo, Japan. Since before Russia’s invasion of Ukraine, the G7 has held together in defense of the international order that emerged from the destruction of World War II. Despite some fraying around the edges, the group has preserved a unified front in condemning and opposing Russia’s […]
Rating: BUY | M&M: Auto biz to be primary growth driver
Mahindra & Mahindra’s (M&M) operating performance in 2QFY24 fell slightly short, with Ebitda at Rs 30.7 billion compared to the estimated Rs 32 billion. However, the adjusted PAT surpassed expectations at Rs 34.5 billion. This outperformance can be attributed to better-than-expected other income, driven by higher dividends. We believe a rel
Oil India shares strain following Q2 Results; Should you buy, hold or sell the stock?
The share price of State-run explorer Oil India tanked 4.28% to Rs 297.30 a day after the company reported a drop of 80% in the second quarter of FY24 as the company set aside Rs 2,363 crore for an ongoing litigation. The company’s profit for Q2FY24 fell to Rs 325 crore compared to Rs 1,721 […]
India Shelter Finance to launch Rs 1,200-crore IPO on Dec 13
Affordable housing finance company India Shelter Finance on Friday fixed a price band of Rs 469-493 a share for its Rs 1,200-crore initial public offering (IPO). The maiden public issue will open for subscription from December 13-15, and the anchor book will be open for one day of bidding on December 12, according to a […]