Analysts suggest that talks of the US considering lower tariffs on China may provide temporary relief for markets, but underlying concerns persist. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex was below 76,300, Nifty50 was near 23,100. At 9:16 AM, BSE Sensex…
Stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Bajaj Finserv, Muthoot Finance, and ABDL are the top stock picks for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for January 23, 2025:Index View: NiftyPressure on Nifty eased out in the…
Emkay Global Financial Services has maintained its ‘buy’ rating on Hindustan Unilever with a target price of Rs 2,675 (+14%). Despite a sub-par financial performance and muted near-term demand outlook, analysts maintained their positive stance on HUL since they feel in the medium term, the company’s enhanced execution could absorb the impact of macro stress.Elara…
MUMBAI: Macrotech Developers, the city-based real estate major that operates under the brand names ‘Lodha’ and ‘Lodha Group’ on Wednesday told the exchanges that they have filed a lawsuit against House of Abhinandan Lodha mainly to protect their brand names that were built over 40 years. Macrotech’s clarification to the bourses mentioned that House of…
Water purifier maker Kent R O Systems filed draft papers for an IPO on Wednesday.The firm’s founder and chairman, Mahesh Gupta, along with other family members, will collectively sell 10.1 million shares, or a 10% stake out of their 99.8% interest in the company, according to the draft papers. Kent will not issue new shares…
MUMBAI: The sensex rebounded nearly 567 points and Nifty regained 23,150 level on Wednesday following value buying in IT and banking shares and firm global trends.The ensex surged 567 points or 0.75% to close at 76,405, driven by gains in Infosys, TCS and HDFC Bank. During the day, the benchmark surged 624.77 points or 0.8%…
NEW DELHI: Essar Renewables Ltd (ERL) has signed an MoU with the Maharashtra government envisaging an investment of Rs 8,000 crore in a mix of projects in the state, including developing 2 GW (gigawatts) of renewable energy capacity for its green mobility initiative.The MoU was signed at the WEF (World Economic Forum) in Davos, Switzerland,…
NEW DELHI: Air India has rolled out an Artificial Intelligence (AI)-driven feature eZ Booking whereby customers can complete their reservation on its website in fewer steps than currently available by just texting or talking to the AI Agent his detailed travel itinerary.Currently available exclusively for members of Maharaja Club, Air India’s loyalty programme, the innovation…
Budget 2025 income tax: According to government data, the new income tax regime has gained substantial acceptance. (AI image) Budget 2025 income tax expectations: Individual and salaried taxpayers want Finance Minister Nirmala Sitharaman to lower the personal tax rates, according to a Grant Thornton Bharat pre-budget survey for Budget 2025.The survey findings indicate that individual…
The employees’ provident fund organisation (EPFO) released its provisional payroll data for November 2024, boasting a net addition of 14.63 lakh members. The net member registrations rose 9.07 per cent in November as compared to the previous month of October 2024, ministry of labour and employment said in its release. On an annual basis, the…
