HDFC Bank’s US class action lawsuit over alleged disclosures related to an MSRDC payment will depend on whether the transaction is proven to be an independent sponsorship or a cover-up for additional interest, experts said. Abizer Diwanji argued that older…
The brokerage said Britannia has a relatively high dependence on sugar and palm oil as a proportion of its input costs, while its large share of price-point packs could make it harder to fully pass on higher costs to consumers.…
The scope of this work includes design, engineering, supply, installation, testing, and commissioning of grid-connected rooftop solar PV systems along with operation and maintenance for a period of five years.
Navin Sahadeo, Analyst of ICICI Securities expects continued high dividends from UltraTech Cement and improving traction in Grasim’s paints and B2B e-commerce businesses. Meanwhile, the cement sector faces near-term pressure, with the July-September quarter of 2026 (Q2FY27) realisations expected to…
The company reported operating income of ₹291 crore in Q1 FY27, up 81% from ₹161 crore in the year-ago quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 89% year-on-year to ₹261 crore, while the operating EBITDA margin expanded…
The Indian currency opened at 95.44 per US dollar, compared with Tuesday’s (August 25) close of 95.41. The week started on a positive note for the currency, as on Monday, the rupee had opened at 95.64 against the US dollar.
Copper prices hit a new record high in New York, while they remained at least $300 short of the previous record on LME.
The transaction involved 1 crore shares, or 2% of ICICI Prudential AMC’s total equity, changing hands, according to exchange data. The shares were offered in a price range of ₹2,998-₹3,158 apiece, representing a discount of around 7%-2% to the stock’s…
According to exchange data, around 2.1 crore shares, or 3.37% of the company’s total outstanding equity, changed hands in the block deal.
The stock has surged nearly 40% this year, and there’s more to come, say analysts at Motilal Oswal.