Federal Bank-Jana SFB deal talks in advanced stages, sources say
CNBC-TV18 learns that Jana SFB promoter may exit, triggering an open offer for shareholders.
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Government confident of full 6% Hindustan Copper stake sale: DIPAM
Arunish Chawla, Secretary, Department of Investment and Public Asset Management (DIPAM), said the timing is favourable amid rising metal prices and highlighted Hindustan Copper’s plans to modernise its mines and increase output. The government remains confident of meeting its ₹80,000…
IIFL Home Finance expects relief on ₹963 crore tax demand, sees no impact on fundraising
IIFL Home Finance plans to challenge the ₹963.39 crore income tax demand, saying the dispute relates to accounting and tax treatment issues already addressed in earlier assessments. The company expects relief at the appellate stage and sees no impact on…
Hindustan Copper OFS looks overpriced, avoid it: GoIndiastocks’ Rakesh Arora
Rakesh Arora of GoIndiastocks.com says the Hindustan Copper stake sale is priced too high and expects aluminium and iron ore prices to fall over the next six months. He turned neutral on steel due to a margin squeeze from rising…
Nifty may grind higher on earnings, but sharp rally unlikely: Axis Capital
Raman Jauhar, Managing Director and Head of Equities at Axis Capital, sees 24,000 as a key support level and expects domestic consumption to remain a strong theme, with real estate, staples and discretionary segments showing resilience. While foreign flows have…
Real estate launches rebound in July, FY27 home sales value to rise 10-12%: ANAROCK
ANAROCK Group Vice Chairman Santhosh Kumar says housing launches picked up sharply in July after a subdued first quarter of FY27. He projects overall sales value will rise 10-12% this year even as unit sales dip slightly, with luxury housing…
Vodafone Idea shares surge 8% intraday, near 52-week high
The company’s subscriber base rose to 193.1 million as of June 30, marking the company’s first quarter of net subscriber additions since its merger, while the 4G/5G base grew to 130.1 million.
Nifty 500 opens today with a chemical stock trading at more than 44 times its 10-day average
Nifty 500 opened mixed. FACT, Paradeep Phosphates, Afcons Infrastructure, PVR Inox gained. Hindustan Copper, IIFL Finance, Cartrade Tech, Godrej Industries fell.
William Lee says Iran sanctions need China, Russia support; sees long-term US Treasury yields rising
William Lee, Chief Economist and Managing Director at Global Economic Advisors discusses Iran sanctions, US Treasury yields, Fed policy, Jackson Hole and the outlook for short- and long-term rates.
Nitco shares jump nearly 14% on Alibaug land deal with HOABL; up to ₹1,500 crore payout expected
The transaction is expected to generate consideration of approximately ₹1,300 crore to ₹1,500 crore over a period of five years, according to Nitco’s exchange filing on Monday.