Berkshire Hathaway reveals new $4.3 billion Alphabet stake, sells more in Apple
Berkshire Hathaway disclosed a new $4.3 billion stake in Google parent Alphabet and reduced its Apple holdings, marking a significant shift in its equity portfolio. This move comes as Warren Buffett prepares to step down as CEO, with Apple remaining its largest investment.
Gold slips 3% as hawkish Fed comments spark market sell-off
Gold prices experienced a significant 3% drop on Friday, influenced by hawkish U.S. Federal Reserve remarks that dampened expectations for a December interest rate cut. Despite the dip, gold remains up for the week. This market movement reflects broader equity sell-offs and investor caution amid economic uncertainty and a lack of clear data.
Sebi to discuss panel’s conflict of interest report next month
The Securities and Exchange Board of India is set to evaluate a crucial report regarding conflict of interest regulations for its top executives. Recommendations from a specialized panel include enhanced disclosure requirements and fostering a more stringent ethical culture to tackle prevailing concerns. Moreover, the regulator is dedicated to boosting investor engagement in the securities […]
Wall Street Week Ahead: Skittish tech stock investors turn to Nvidia results for next cues
Investors brace for heightened tech stock volatility. Nvidia’s upcoming earnings report is a key event. The company is central to the artificial intelligence trade. Its results will influence the tech sector and beyond. Analysts expect strong growth, but market expectations are high. Any deviation could dent current AI-driven trades. Other sectors are also showing strength.
Equity valuations at risk if growth fails to pick up: Chris Woods’ Greed & Fear
With India’s economic growth now facing critical evaluations, the effects of credit easing and GST cuts are being closely monitored. Global strategist Chris Wood foresees a silver lining for India’s economy, especially if the AI trends shift. Meanwhile, the IT services sector is encountering a drop in revenue streams.
Stock market bounces back on NDA’s huge Bihar victory
Indian stock markets saw gains on Friday, recovering from earlier dips and defying global trends. The NDA’s decisive win in Bihar elections fueled investor optimism and short covering. Both the NSE Nifty and BSE Sensex closed higher, marking weekly gains.
Wheat product export ban likely to be eased after good harvest
The Ministry of Consumer Affairs is proposing to lift export restrictions on wheat products like aata, maida, and suji, with a proposed limit of 1 million tonnes. This move comes as India anticipates a bumper wheat crop in 2025-26, following a ban imposed in 2022 due to production concerns.
India in FTA talks with US, EU & others: Piyush Goyal
India is actively negotiating free trade agreements with the US, EU, New Zealand, Oman, Peru, and Chile, alongside existing pacts with the UAE, Australia, and EFTA. Minister Piyush Goyal emphasized lowering trade barriers and fostering transparency to encourage two-way investments during volatile global times. The government has also significantly reduced compliances and abolished laws to […]
Max Health Q2 Results: Nifty’s latest entrant reports 74% YoY jump in cons PAT to Rs 491 crore, revenue grows 25%
Max Healthcare Institute has announced strong financial results for the September quarter. The company’s net profit surged by 74% year-on-year to Rs 491 crore. Revenue from operations also saw a significant increase of 25% to Rs 2,135 crore. This performance reflects robust growth driven by factors like increased occupied bed days and international patient revenue.
BlackBuck gets Buy rating as Ambit sees strong growth ahead, values stock at Rs 885
Ambit Capital initiated coverage on Zinka Logistics, parent of BlackBuck, with a Buy rating and Rs 885 target price. The brokerage highlighted BlackBuck’s emergence as India’s largest commercial vehicle technology platform, driven by its expanding tolling and telematics offerings and improved profitability. The company has significantly digitized India’s trucking ecosystem, serving a substantial portion of […]