Vedanta plunges 5.59% on LSE amid talks to buy Cairn stake
In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.
Six Indian cos among BusinessWeek’s top 100 Infotech firms
BusinessWeek’s ‘The Infotech 100’, has ranked Bharti Airtel at the 21st position followed by Reddington India (55th) and RCom (66th). Successful business formula
Indian firms slip in global ranking; four move out of Top-500
14 firms present in a new list of world’s 500 most valued firms together seeing an erosion of about $150 billion in their market value in the first three months of this year.
‘Big Daddy’ laps up Cipla after Q1 nos beat forecast
Shares of Cipla inched up on heavy volumes on Friday, after the company’s first quarter earnings beat the consensus estimate.
US stocks: US market regains ground as bond yields ease; healthcare stocks rally
Major stock indexes recovered on Wednesday after a prior day’s decline. Moderna shares surged significantly following positive cancer therapy trial results. Government bond yields eased from highs, boosting investor risk appetite. Retailers like Target and Lowe’s reported quarterly results, influencing consumer spending views. Geopolitical developments and Federal Reserve minutes remained key investor focuses.
Moderna shares soar 135% in a day after cancer vaccine succeeds in late-stage trial
Moderna shares surged after its personalized mRNA cancer vaccine trial showed positive results. The treatment, combined with Keytruda, reduced melanoma recurrence and spread significantly. This marks the first successful late-stage trial for an mRNA cancer vaccine. The findings offer hope for future growth beyond COVID-19 vaccines. Discussions with regulators are expected within the next few […]
Behari Lal Engineering shares rally 14% after stellar debut. What are brokerages saying?
Behari Lal Engineering shares surged 14% after making a strong market debut, listing at a 63% premium to the IPO price. Brokerages remain positive, citing strong investor appetite and reasonable valuations, though they advise investors to book partial profits after the sharp listing gains. Here’s what SBI Securities and Swastika Investmart recommend on the stock.
India stocks top Indonesia as Asia’s least-favoured in BofA poll
India has replaced Indonesia as Asia’s least-preferred stock market among fund managers surveyed by Bank of America, with 32% of respondents net underweight on Indian equities. Lack of clear AI exposure, weak growth, high valuations and limited reforms emerged as key concerns, even as improving earnings and renewed foreign inflows provide some support.
IT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here’s why
CLSA downgraded several large IT stocks and cut their target prices amid continued AI-related concerns, while retaining a bullish view on select mid-tier IT companies. The brokerage said Q1 earnings were mixed across Indian IT and global peers, but expects AI-driven volumes to eventually offset pricing deflation by FY30.
L&T Technology Services shares jump 3% after bagging $75 million deal
L&T Technology Services shares gained up to 3.3% after the engineering services company secured a five-year deal worth more than $75 million from a leading global technology enterprise. The mandate spans product engineering, software development, testing, digital engineering, and a dedicated Engineering Center. Technically, the stock remains in neutral territory, with short-term momentum improving but […]