Bharti Hexacom shares rally 6% after Citi initiates coverage predicting a 20% upside
Shares of Bharti Hexacom surged 6% on Friday to a high of Rs 1,245.70 on BSE after Citi initiated coverage with a buy rating and a target price of Rs 1,405. Citi highlighted the company as an attractive midcap telco with strong growth potential, a healthy balance sheet, and positive prospects for tariff hikes amid […]
Trading of Tata Motors DVR shares suspended. Here’s why
Tata Motors announced that trading of its DVR shares would stop due to their conversion into ordinary shares. For every 10 DVR shares, investors receive seven ordinary shares. Tata Motors DVR shares have provided substantial returns over the past two years. The company’s restructuring has been approved by the National Company Law Tribunal.
AI prospects bright despite Nvidia corrections; at vanguard of Fourth Industrial Revolution: Arnab Das
Arnab Das from Invesco EMEA discusses the ongoing industrial revolution driven by AI, cautioning about current market hype. While AI promises to boost productivity and efficiency, market valuations may be exaggerated. Companies like Nvidia are central to this change, yet broader economic factors and technological adoption pace will shape future outcomes.
Rate cuts signal weakening US economy, caution advised despite ‘risk-on’ sentiment: Aashish P Somaiyaa
Everybody views interest rate cuts very positively. However, I believe one needs to think a bit counterintuitively or with second-order thinking. The reason being that rate cuts and the magnitude of change in expectations can only occur with weakening economic data.
Expect innovation and 35% plus growth for new businesses: Puneet Chhatwal, India Hotels
Puneet Chhatwal, MD & CEO of IHCL, discusses the expected long-term growth in India’s hospitality sector. He highlights the increasing demand for talent and business travel, and IHCL’s strategy of launching and re-imagining properties. Chhatwal anticipates significant contributions to the economy, with double-digit growth fueled by innovative initiatives and strong market demand.
Dollar set to snap 5-week losing streak as Fed cut bets pared
The dollar approached a one-week high on Friday, poised to end a five-week losing stretch. Strong U.S. economic data cut expectations for aggressive Federal Reserve rate reductions. Meanwhile, European inflation slowed and Japan’s yen weakened. The euro and yen reacted differently to these economic shifts, affecting currency trade.
Bazaar Style Retail a bet on tier-2, 3 consumption
Incorporated in 2013, Kolkata-based Bazaar Style Retail sells apparel for men, women and children as well as general merchandise across over 162 stores located in 146 cities in nine states. In FY24, 87% of the company’s revenues were earned from its stores in West Bengal, Odisha, Assam and Bihar.
Hurun India Rich List 2024: Gautam Adani tops India’s rich list
Film star Shah Rukh Khan made his debut on the Hurun India Rich list with a wealth of Rs 7,300 crore, fuelled by his stakes in Kolkata Knight Riders and Red Chillies Entertainment Juhi Chawla and family (Rs 4,600 crore), Hrithik Roshan (Rs 2,000 crore), Karan Johar (Rs 1,400 crore), and Amitabh Bachchan (Rs 1,600 […]
Asian stocks rebound after upbeat US economic data
Equities in Australia and South Korea rose while those in Japan inched up. The MSCI Asia Pacific Index headed for a fourth month of gains as traders awaited a key US inflation report due Friday. Japan’s 10-year bond futures opened lower after data showed inflation in Tokyo quickened in August, backing the case for a […]
Premier Energies’ IPO subscribed 74.4 times, QIB demand 2nd highest ever
The institutional demand for Premier Energies was second only to Tata Technologies. In November last year, the ₹3,042.5-crore IPO of Tata Technologies was subscribed 69.43 times, with institutional bidding amounting to ₹1.56 lakh crore.