Biocon buys back an investor stake in biologics unit, posts Rs 25 crore net profit in Q3FY25
Biocon’s board has approved the acquisition of 1.5% equity in Biocon Biologics for Rs 550 crore, increasing its stake to 90.2%. The deal is expected to complete by February 1, 2025. Despite a significant drop in net profit, revenue and EBITDA have grown. Increased biosimilar market share and strategic approvals are expected to drive future […]
Tech view: Nifty shows strength; 23,000 support key for buy-on-dips. How to trade tomorrow
Nifty closed positively at 23,250, with India VIX dropping 6.7%, indicating lower volatility. Analysts see support at 23,000 and resistance at 23,340-23,500, favoring a buy-on-dips strategy amid pre-budget optimism in infrastructure and consumer stocks.
Tax compliance on the rise, but dispute resolution delays still a major concern: Gokul Chaudhri
The buoyancy in taxes, which the government has been experiencing from personal taxes over the last few years, is telling us very clearly that the momentum on compliance is increasing.
Race against time: Why Budget 2025 must find a fix for India’s job crisis before it’s too late
Union Budget 2025 India Job Market: India’s job market struggle is highlighted by high numbers of overqualified applicants for low-skill jobs. A recent survey indicates jobless growth as a primary economic threat. The upcoming budget needs to prioritize job creation, emphasizing government investment and industry participation in training to address employability and productivity issues.
Should you cut your losses in small and midcaps or ride out the storm? Vinit Sambre answers
There, there is a first kind of a big maybe market shift which some of the new investors are also witnessing, maybe they are waiting and rethinking about how one needs to reallocate.
ETMarkets Smart Talk: Budget 2025 must prioritize consumption, infrastructure, and human capital, says Kedar Kadam
The market’s response to the budget will depend on how effectively it addresses the key challenges, especially those related to slowing domestic demand and economic growth.
Fed pivot at standstill but battlelines drawn between Powell and Trump. What it means for investors
The US Federal Reserve kept interest rates steady at 4.25%-4.5%, halting rate cuts after a 100 basis point reduction since September. Market expectations for a rate cut have shifted to June. Fed Chair Jerome Powell warned that if inflation remains stubborn or the labor market weakens, rates could stay higher for longer or be further […]
Stay away from high-beta stocks ahead of Budget: Ankit Mandolia of Motilal Oswal
It is widely believed that urban consumption growth has slowed down, while the rural economy has improved in FY25. There is, thus, a lot of expectation from the government to boost consumption.
ETMarkets Smart Talk: Gautam Chhaochharia of UBS expects no structural tax changes but possible relief for middle-class
The Indian markets’ correction reflects growth disappointment over the last few months, even vs muted expectations. Fiscal consolidation (that too front loaded) and monetary policy arguably played a role in the cyclical slowdown.
Tata Motors shares in focus after Q3 profit misses estimates
Tata Motors reported a 22% YoY decline in Q3 profit to Rs 5,451 crore, missing projections. However, revenues rose 3% YoY to Rs 1.13 lakh crore, driven by easing supply challenges. JLR saw record Q3 revenue and highest EBIT margin in a decade, but future expectations remain cautious due to potential demand and supply issues.