According to analysts, the Nifty remains a ‘buy on dips’ as long as it holds above the 24,850 level, with potential upside targets seen up to 25,800. The equity benchmark indices rebounded sharply on Friday, snapping a three-day losing streak, led by gains in financial, telecom and technology shares amid a drop in global crude…
Vedanta Ltd is set to divest shares worth up to ₹7,500 crore in Hindustan Zinc Ltd through block deals, with the sale likely priced at a discount of up to 10% from the stock’s last closing value. Hindustan Zinc, once a state-owned enterprise, is now a key subsidiary of Vedanta Ltd and India’s largest…
Out of 43 mutual fund houses analysed, 16 increased their cash holdings while 27 reduced them. The largest cuts came from some of the biggest fund houses. Most experts remain positive on Indian markets. In a recent note from Bandhan Mutual Fund, they highlighted that India has been the top performing market globally over the…
Online food delivery by Zomato and Swiggy is a decade-old story, and now offers stable take rate, with 5 per cent adjusted Ebitda targeted in the near-term. Rapido’s entry into the food delivery space, cross-utilising its 40 lakh rider network to best-use idle slots, at virtually zero incremental capex, is seen as threat to…
The approval positions Starlink alongside OneWeb and Reliance Jio as India’s authorised satellite internet providers, with commercial rollout expected after spectrum allocation. Elon Musk’s satellite internet venture, Starlink, has received a key regulatory clearance from the Department of Telecommunications (DoT), Government of India, bringing it closer to launching its services in the country. With…
Lower repo rate means cheaper loans for homebuyers, auto buyers and businesses RBI’s bigger-than-expected rate cut is its last move for the year, economists say: Reuters poll Reserve Bank of India on June 6 announced reduction in its key repo rate by a larger-than-expected 50 basis points and this means good news for many sectors, including stock…
Analysts said the Nifty continues to trade within a narrow band and a decisive move beyond the 24,700–24,800 zone is likely to set the tone for the next directional move. Sensex, Nifty closed lower in a range-bound trade on Friday. The equity benchmarks ended lower on Friday in a range-bound trade, weighed down by losses…
Market regulator SEBI has barred former MD&CEO IndusInd Bank Sumant Kathpalia, former Dy CEO Arun Khurana and three others for alleged insider trading. SEBI in its interim order found that they traded during the existence of Unpublished Price sensitive information. The others included Sushant Sourav, Rohan Jathanna and Anil Marco Rao. SEBI whole time member…