Zomato board approves company name change to Eternal

Eternal will comprise four major businesses (as of now) – Zomato, Blinkit, District, and Hyperpure. The stock symbol will also change from Zomato to Eternal. I feel we are there. We would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd, said Deepinder Goyal. Food tech major Zomato has changed its name…

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Trent, SBI, Hero Moto, ICICI Bank, Lupin, HDFC Bank among 16 stock picks for February

Domestic brokerage firm Axis Securities has chalked out as many as 16 stocks including Trent, SBI, HDFC Bank, HCL Tech, Lupin and more for the month of February 2025.   Domestic brokerage firm Axis Securities has chalked out as many as 16 stocks for the month of February 2025. The brokerage claims that its basket…

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Swiggy Q3 results: Net loss widens to Rs 799 crore; revenue jumps 31%

Swiggy Q3: Consolidated net loss widened to Rs 799.08 during the December 2024 quarter (Q3 FY25) as against Rs 574.38 crore in the year-ago period.   Swiggy Ltd, online food and delivery platform, on Wednesday posted a wider consolidated net loss of Rs 799.08 during the December 2024 quarter (Q3 FY25) as against Rs 574.38…

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Nifty may target 24,300 post Budget; Trump tariff, RBI policy key triggers

Technical charts suggest the BSE Sensex can potentially surge to 80,600; while, the Nifty MidCap and SmallCap indices can rally up to 5 per cent from present levels.   The NSE Nifty 50 index hit high of 23,632, and a low of 23,318 in intra-day trades on Saturday, February 01, 2025 in a special trading…

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Sensex, Nifty zoom as investor wealth jumps Rs 5.8 lakh crore; Techno Electric, Nuvama & Kalyan Jewellers climb up to 13%

The 30-share BSE Sensex pack surged more than 1,400 points to hit above 78,600 level, while the broader NSE Nifty index moved around 400 points to trade above 23,750.   Domestic stocks rose sharply in afternoon deals on Tuesday. The surge was supported by gains in banks, financials, energy, metal and technology stocks. The 30-share…

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Finance and Revenue Secretary Pandey is not concerned about the volatility of the rupee

Finance and Revenue Secretary Tuhin Kanta Pandey on Monday said that the Indian rupee is a free-floating currency and the government is not worried about its ups and downs, which are caused by international money movements. The statement comes after the rupee fell to a record low of 87.29 against the US dollar, decreasing by…

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Sensex and Nifty closed flat in Budget 2025 despite income tax benefits. Should you be on the lookout for a rebound?

Stock market today: The Indian stock market closed on a flat note after FM Nirmala Sitharaman presented her 8th consecutive Budget speech on Saturday. Sensex rose 5 pts to 77,506 and Nifty fell 26 pts to 23,482. Market cap of the BSE-listed firms stood at Rs 423.76 lakh crore today. Of 30 Sensex stocks, 16 shares…

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Inflation could be increased by Trump ‘s tariffs on Canada, Mexico, and China.

New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25 per cent tariffs against the two North American allies…

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A relief rally on the NSE Nifty is likely to occur in February, which would indicate derivatives data.

After a punishing few months, India’s benchmark NSE Nifty 50 index is poised for a relief rally in February, based on the changes in investors’ positioning in the derivatives markets, brokerages said. The Nifty has tumbled 11.3 per cent over the last four monthly derivatives series, each of which spans between the last Thursdays of…

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