Cine-goers will have no dearth of choice in the coming year as the Indian film landscape promises to come alive with big-banner movies in both Hindi and regional languages. While 2022 was all about films from the south and 2023 saw the resurgence of Hindi movies, 2024 will be a happy mash-up of movies from […]
Rating: add | NMDC: Optimistic outlook for FY25
NMDC’s Q2FY24 EBITDA fell short of our expectations, primarily driven by lower realisations attributed to the increased volume contribution from Karnataka. Despite strong demand, alleviation of evacuation constraints resulted in a 25% y-o-y volume growth in in the first seven months of fiscal year 2024 (7MFY24). Consequently, we are revising our vo
Softbank pares 1.1 pc stake in Zomato worth Rs 1,128 cr
Japanese conglomerate Softbank on Friday divested a 1.1 per cent stake in online food delivery aggregator Zomato for Rs 1,128 crore through an open market transaction.Following the stake sale, shares of Zomato fell 1.27 per cent to close at Rs 120.15 apiece on the NSE. Invesco Mutual Fund (MF), Sundaram MF, Edelweiss MF, ICICI Prudential […]
Bengaluru to become ‘Sports Hub of India’, says Minister Anurag Thakur as sports infra boosts under Khelo India scheme
While inaugurating the newly constructed 330 bedded & 300 bedded hotels and 400m synthetic athletics track on Saturday, Union Sports Minister Anurag Singh Thakur asserted that Bengaluru will soon be called a ‘Sports Hub of India’ with the right weather conditions and sports infrastructure.With a project cost of Rs 28.72 cr, the 330-bed hotel is
Globalising Indian thought; Indian school, universal mission
The Indian Institute of Management (IIM) Kozhikode is looking at either London or Singapore as the next destination for holding ‘Globalizing Indian Thought’ – its flagship annual conference. “We are in touch with our alumni base, and are contemplating either London or Singapore – wherever it’s economically viable – to hold the next edition,” Prof [
Markets show signs of rebound as PSU banks surge and Nifty edges upward
By Anand James Nifty PSU Bank index’s 4% jump on Friday appears to have jump started a recovery in the broad market. The sharp rise in PSU bank index comes after a prolonged sell off that had begun even before Nifty cracked. The PSU banks constituents in the bank nifty has also helped the index […]
UltraTech Cement’s new acquisition boosts bullish outlook, Jefferies recommends Buy with 11% upside target of Rs 9700
Jeffries sees 11% upside potential in India’s largest cement producer, UltraTech Cement’s stocks following their acquisition of Kesoram Industries and has recommended a buy with an upside target of Rs 9,700. UltraTech Cements nodded to acquire Kesoram Industries’ cement assets in a share-swap deal for an enterprise valuation of Rs 7,600 crore, whic
Earnings continue to support market optimism
At the beginning of this result season, we had three themes – overall earnings will be strong and possibly surprise on the upside; earnings in India would be in contrast to weak earnings in the developed world; and thirdly, earnings expectations will continue to see upgrades. Actual results have borne out our expectations. Nifty earnings […]
FII, DII data: FPIs sold shares worth Rs 306 Cr, DIIs added shares worth Rs 721 Cr on November 22, Wednesday
Foreign institutional investors (FII) offloaded shares worth net Rs 306.56 crore, while domestic institutional investors (DII) added shares worth net Rs 721.24 crore on November 22, 2023, according to the provisional data available on the NSE. For the month till November 22, 2023, FIIs sold shares worth net Rs 7,982.46 crore while DIIs bought share
Key IPOs to watch this week: Companies collectively aim to raise over Rs 7,300 crore
Six companies are set to make a splash on Dalal Street, collectively aiming to raise over Rs 7,300 crore through initial public offerings (IPOs). Among these, Tata Technologies and Indian Renewable Energy Development Agency (IREDA) stand out as major contenders. Here are the six upcoming IPOs for this week. Tata Technologies IPO The much-anticipate