Carbon tax proposed by EU unilateral, arbitrary to hurt India’s export: FM Sitharaman
Finance Minister Nirmala Sitharaman criticizes the EU’s Carbon Border Adjustment Mechanism (CBAM), calling it unilateral and arbitrary. CBAM, set to start in 2026, may harm India’s exports in key sectors like steel and cement. Despite this, talks on an FTA with the EU are expected to continue.
Nomura initiates coverage on these 3 AMC companies, signals upside potential up to 21%
Nomura initiated coverage on HDFC AMC, Nippon Asset Management, and UTI AMC with buy and neutral ratings, respectively. Target prices were set at Rs 5,000, Rs 785, and Rs 1,300, respectively. Nomura expects Indian AMCs to maintain their valuation premium due to higher growth potential and better profitability.
Fortis Healthcare board approves raising of up to Rs 1,500 cr via NCDs
In the filing, the healthcare company said that the eligible investors include but are not limited to identified anchor investors DBS Bank Ltd (DBS), The Hongkong and Shanghai Banking Corporation Ltd (HSBC), Citicorp Investment Bank (Singapore) Ltd., Mizuho Bank, Singapore and other foreign portfolio investors qualified during the bidding process.
Market Wrap: Sensex, Nifty close lower despite RBI’s neutral policy on rates
Indian equity indices Sensex and Nifty experienced gains throughout the day but reversed course in the last hour, closing lower on Wednesday, despite the central bank easing its policy stance to ‘neutral’, opening the door for rate cuts in the coming months.
Easy Trip Planners board to consider bonus share issue on October 14
EaseMyTrip board to consider bonus shares on October 14. This will be the third time the company has issued bonus shares. Details about the ratio and record date not disclosed yet.
Will the stock market crash? Let’s find out using 6-day stress test
After a significant 1,420-point drop in Nifty over six days, historical trends show potential for recovery, bolstered by domestic institutional and retail investors. A six-day consecutive fall has often led to positive returns, suggesting short-term declines may offer strategic buying opportunities.
With days to go for IPO, Hyundai India GMP crashes over 70% from highs
The market is anticipating the initial public offer (IPO) of Hyundai Motor India, which announced its price band today. The subscription period will open on October 15 and close on October 17. Following the price band announcement, the company’s grey market premium (GMP) remains steady at Rs 147.
3 financial stocks look good, real estate is overdone: Samir Arora
Samir Arora, Helios Capital founder, gives insights on various sectors including NBFCs, FMCG, real estate, and consumption. He mentions the current trends and outlook for these segments, highlighting strong potential in housing finance and microfinance, while noting mixed performance and future prospects for other sectors, particularly impacted by changing consumer behaviors and market conditions.
What to expect from IT sector going ahead? Dikshit Mittal answers
So, timing may be little uncertain, but it will happen in December, maybe later. But what we think is within the next six months, we think we are decisively on the rate cut trajectory.
SBI, IndusInd Bank among 7 stocks with more than 20 ‘buy’ calls
Several brokerages remain bullish on seven stocks, including IndusInd Bank, SBI, and ACC, predicting potential rallies up to 51%. Analysts believe these stocks, reflecting strong buys across the banking, finance, and cement sectors, could see significant upside based on their current market prices.