Jefferies has cut its target price on Bharti Airtel to Rs 2,250 from Rs 2,575, citing a potential delay in the Reliance Jio IPO and concerns over Bharti’s entry into the NBFC business. The brokerage expects tariff hikes to be pushed to December 2026 but maintains a Buy rating, saying the stock still offers favourable risk-reward.
Rate cuts unlikely in near term as inflation stays sticky: Richard Harris
Global market expert Richard Harris anticipates minimal changes to U.S. monetary policy, emphasizing the Fed’s independence. He notes that Big Tech’s recent profitability stems more