CONCOR shares jump 6% after management raises FY27 guidance; Here’s what it said
Although shares of CONCOR are still trading below their 52-week high levels, they have trimmed their year-to-date losses down to just 3% after Monday’s upmove.
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DSP Mutual Fund sees long-term opportunities in insurance, auto ancillaries and specialty chemicals
Vinit Sambre, Head of Equities at DSP Mutual Fund prefers life insurance over general insurance. Although regulatory changes and slower growth have weighed on the sector in recent quarters, he believes the long-term opportunity remains intact because insurance penetration in…
This week is crucial not just for India, but for markets across the globe; Here’s why
Corporate earnings from several major companies add further weight to the week for Indian markets. Coal India, BEL, Larsen & Toubro, Hindustan Unilever, Adani Enterprises, Asian Paints, Adani Ports, Bajaj Finance, Mahindra & Mahindra, Tata Steel, Maruti Suzuki, ITC and…
Rupee can strengthen to ₹95/$ if oil stays below $100 and foreign inflows continue: Kotak Securities
Anindya Banerjee of Kotak Securities said FCNR(B) deposits could exceed $50 billion before the RBI’s September 30 deadline, while an aggressive scenario could see the rupee strengthen to 93 if the RBI allows the inflows to fully reach the spot…
Tata Consumer shares jump nearly 3% after strong India business in Q1; analysts retain ‘buy’
The India business delivered volume growth of 13%, ahead of Street expectations of 8-9%. The company’s growth businesses contributed 36% of India sales and registered a sharp 47% year-on-year growth.
Rupee recovery explained: Why the currency gained 41 paise today
Indian rupee strengthens to 96.15 per dollar, recovering from lows as crude oil prices drop and RBI measures attract dollar inflows.
Welspun Corp shares gain over 4% after winning new order worth ₹960 crore to supply coated line pipes
With the addition of the new order, Welspun Corp’s consolidated order book stands at approximately ₹25,750 crore, the strongest in its history. The stock is also reacting to its June quarter results.
HDFC Bank US investigations FAQ: Why they started, what happens next and what it means for investors
HDFC Bank faces US shareholder law firm investigations over alleged irregular payments and potential securities law violations.
Explained – Three reasons why Jefferies upgraded Indian IT and added Infosys to model portfolio
Jefferies has added Infosys to its model portfolio and raised its weightage on Coforge. It will fund its now “neutral” stance on IT by trimming its large “overweight” positions in power, real estate and hospitals.
Nvidia in talks with OpenAI to guarantee $250 billion financing for data centre: report
Nvidia may finance OpenAI’s $250B data center project in Ohio, per WSJ. Nvidia and SK Group also announced a $500B AI initiative.