Sun Pharma shares jump over 4% after firm announces $12-billion Organon acquisition
Sun Pharmaceutical Industries’ shares surged after announcing the $11.75 billion acquisition of US-based Organon & Co., a global leader in women’s health. This strategic move aims to bolster Sun Pharma’s innovative medicines business and establish it as a top-tier player in biosimilars and women’s health globally.
Paytm shares crash 8% as RBI cancels Paytm Payments Bank’s banking licence. What next?
Paytm shares are set to remain in focus after the RBI cancelled Paytm Payments Bank’s licence, prompting its closure. The company expects no material impact due to the prior separation. While Bernstein flags concerns over regulatory tone, it retains a positive view, seeing limited business disruption and potential licensing opportunities ahead.
Reliance Industries shares dip over 1% after Q4 results. What are Goldman Sachs, Morgan Stanley, others saying?
Reliance Industries shares fell over 1% after reporting a 13% YoY drop in Q4 profit despite strong revenue growth. Brokerages remain largely positive, citing recovery potential in O2C, steady retail and digital growth, and improving margins, although near-term pressures persist across segments including energy and petrochemicals.
AI drives global IT spending to $6.31 trillion, but Indian IT firms face a margin squeeze, warns Gartner
Global IT spending is surging due to Artificial Intelligence. India’s IT sector sees a significant opportunity in managed services as companies shift focus to AI. However, traditional IT services firms face challenges as clients expect cost savings from AI adoption. India can benefit from AI infrastructure without building massive data centers locally.
Should you buy the dip? Strategist Anand James shares his weekly stock strategy
Market expert Anand James suggests caution following recent volatility. He notes the Nifty needs to break above 24,140 for a confirmed upswing. IT stocks are oversold, but a short-term bounce is possible. James recommends a selective approach, prioritizing technical confirmation before making new investments in the coming week.
Amba Auto IPO opens for subscription today. Check GMP, price band and other details
Amba Auto Sales and Services’ Rs 65 crore SME IPO opens Monday with zero grey market premium, indicating cautious investor sentiment. The company, an authorized dealer for Bajaj Auto and LG Electronics, plans to use IPO proceeds for working capital and expansion. Financials show steady growth, with revenue around Rs 242 crore in FY25.
India tech giants struggle to shake off $115 billion rout
India’s top software exporters are facing investor concerns over growth, with Infosys and HCL Technologies reporting results below expectations. This downturn, exacerbated by a weak global economy and AI disruption, has led to a significant drop in the IT sector’s valuation, wiping billions off its market cap.
Essentials, staples drive Reliance’s FMCG business, qcomm push hits retail margins
Reliance’s consumer goods arm is seeing strong growth. Daily essentials are now its biggest revenue source, bringing in ₹8,800 crore in FY26. Beverages also performed well. The company’s overall FMCG business is projected to reach ₹22,000 crore in FY26. Campa soft drinks lead the brand sales, with Independence staples following closely. Reliance is expanding its […]
Dollar demand, FPI outflows, oil prices to weigh on rupee
The Indian rupee is anticipated to decline further this week, breaking its recent stable trading band. Strong dollar demand, rising oil import costs, and consistent foreign investor withdrawals are pressuring the currency. Despite the Reserve Bank of India’s interventions, the rupee is expected to open significantly weaker on Monday, signaling continued downward pressure.
Nifty expected to oscillate between 23,400 and 24,500: Analysts
Technical analysts suggest the Nifty is entering a consolidation phase rather than a reversal, with key support zones expected to hold. Analysts anticipate a trading band between 23,400 and 24,500, with a breakout needed to revive directional strength. The underlying structure remains constructive for a gradual upward move.