Last day to buy the shares of smallcap stock to qualify for 4:1 bonus issue as record date approaches
The ex-date is crucial for investors since only those holding shares before the ex-date are eligible for the bonus allotment. Transactions made today, August 28, will reflect in the shareholders’ demat accounts before the ex-date, thus qualifying them for the entitlement.
Oil slips as market weighs end of US summer driving and India supply dilemma
Oil prices declined as investors considered U.S. fuel demand near the end of summer and potential crude supply shifts due to U.S. tariffs on Indian imports of Russian oil. Despite a drop in U.S. crude inventories, concerns about lower seasonal demand and technical resistance levels weighed on prices.
TikTok may get $330-billion valuation in new share buyback
ByteDance, the parent company of TikTok, is planning a new employee share buyback, valuing the company at over $330 billion. This decision follows a 25% year-on-year surge in second-quarter sales, reaching approximately $48 billion, primarily driven by its China business. The buyback offers employees liquidity without an IPO, highlighting ByteDance’s financial strength.
China chipmakers push to triple AI chip capacity, eyes Nvidia alternative
China’s chipmakers are aggressively pursuing a plan to triple their AI chip production by 2026, aiming to lessen reliance on Nvidia. Huawei intends to initiate AI chip production by the end of the year and establish two more facilities by 2026. SMIC also plans to double its 7-nanometer chip manufacturing capacity next year, with Huawei […]
Motilal Oswal Securities bullish on India’s consumer sector; HUL, Marico among top picks
Motilal Oswal Securities remains positive on India’s consumer sector after a stable first quarter. The brokerage favors Hindustan Unilever, Godrej Consumer, and Marico. It anticipates a widespread recovery in fiscal year 2026. This recovery will be due to lower inflation and possible rate reductions. Tax advantages and robust festive season demand will also help.
Ferrous metals post strong gains in Q1, non-ferrous players struggle
Metal companies’ performance in June 2025 quarter was influenced by raw material and product prices. Ferrous producers saw profit growth due to higher domestic prices and lower coking coal costs. Non-ferrous firms had muted results from weaker aluminium and zinc prices. Steelmakers benefited from falling coking coal costs and government safeguard duties.
Bankers expect little risk to credit growth, asset quality from US tariffs
Indian banks are exercising caution as the 50% US tariff takes effect, but leading bankers anticipate a limited impact on credit growth and asset quality due to small export credit outstanding. While certain sectors like gems & jewellery and textiles face higher exposure, the government is expected to provide fiscal relief, and exporters will likely […]
Silver prices hit record high of Rs 1,20,000 amid US tariff impact
Silver prices in New Delhi hit a record high of ₹1,20,000 per kilogram. This surge happened as investors sought safe-haven assets. The US tariff on Indian products has taken effect. Gold prices also increased, reaching ₹1,01,270 per 10 grams. Political uncertainty after Donald Trump’s dismissal of Lisa Cook, a Federal Reserve Governor, further fueled the […]
This midcap stock surged up to 22,344% since last Ganesh Chaturthi; 32 others rose up to 2,557%
Since last Ganesh Chaturthi, 33 stocks delivered significant returns. Elitecon International led with substantial growth. Kothari Industrial Corporation and Colab Platforms also saw major surges. Several other stocks, including Paytm, experienced gains. Nifty 50 index saw a slight decrease during this period. Some stocks yielded negative returns. Eicher Motors and Mahindra & Mahindra outperformed within […]
FMCG and auto stocks to outperform even as Nifty loses momentum: Ajit Mishra
Nifty slipped below 24,800 amid banking weakness, sparking concerns of further downside towards 24,600. While sentiment turned negative, FMCG and auto stocks like Maruti, HUL, and Britannia showed resilience. Analysts advise balanced strategies, cautioning on banks while favouring defensive sectors as markets consolidate with a negative bias.