Tata Motors said its proposed acquisition of Italy’s IVECO Group will help create one of the world’s largest commercial vehicle manufacturers, as it outlined its global expansion strategy at its first annual general meeting since the demerger of its commercial vehicles business.The company said the…
Tata Motors and Castrol India have signed a memorandum of understanding (MoU) on Monday, June 29, to launch a pilot programme aimed at creating a structured ecosystem for the collection, channelisation and recycling of used engine oil, marking a step toward strengthening circularity in India's lubr…
India could once again attract foreign portfolio inflows if corporate earnings continue to improve and the rupee remains stable, according to Manishi Raychaudhuri, Chief Executive Officer of Emmer Capital Partners.Raychaudhuri said India has started seeing an improvement in earnings estimates over…
Shares of Tata Capital Ltd. declined on Monday, June 29, even as brokerage firm Motilal Oswal initiated coverage on the stock.Motilal Oswal has initiated coverage on Tata Capital with a "neutral" rating and a price target of ₹364 per share, which implies an upside potential of 7% from its earlier c…
Shares of Vedanta Ltd., the Anil Agarwal-led mining conglomerate, were trading nearly 1% higher on Monday, June 29, after brokerage firm Investec reiterated its positive stance on the stock following the company's analyst day.Investec maintained its 'Buy' rating on Vedanta with a price target of ₹3…
Shares of Hexaware Technologies Ltd. gained up to 9% on Monday, June 29, reacting to the company became the authorised reseller for Amazon Bedrock, joining a select group of firms globally authorised to resell Claude.As per the agreement, Hexaware can sell, integrate and support Claude models direc…
The last 30 minutes will be crucial for Dalal Street on Monday as the rebalancing for the Nifty indices will take place during this period.Passive flows will be seen in a lot of stocks, which will either see an increase or a decrease in their weightage on the respective indices that they are a part…
While most analysts expect London Metal Exchange (LME) aluminium prices to remain around $3,200–3,300 per tonne, Satish Kumar, Managing Director and Head of InCred Research Services, expects prices to correct to $2,400–2,700 per tonne.He said the recent rally has been driven largely by the primary…
Asian stocks still have room to run even after a blistering first-half rally, while investors should continue diversifying into commodities as geopolitical shocks reinforce long-term demand for metals and energy infrastructure, Goldman Sachs said.The Wall Street bank highlighted that the same struc…
Samsung Electronics and SK Hynix plan to each build two new massive chip fabrication sites in South Korea's southwest region as part of a national project to build a chip production "ecosystem" valued at 800 trillion won ($517.87 billion), the government said on Monday.The plan was unveiled at the…
Shares of Omaxe Ltd jumped nearly 16% on Monday, June 29, after the real estate developer launched a dedicated hospitality vertical with a planned investment of ₹6,200 crore over the next four to five years to develop 19 hotels across 13 cities in five states.This is its biggest single-day gain sin…
India has shed several of the major headwinds that weighed on its markets over the past year, making it an attractive "value allocation" within a global portfolio, according to Matt Orton, Chief Market Strategist at Raymond James Investment. He says improving macro conditions and easing uncertainty…
Shriram Subramanian, Founder and Managing Director of InGovern, said the market has largely moved on from governance concerns at HDFC Bank that emerged after allegations made by the bank's former chairman.He said an independent legal review commissioned by the bank found no evidence that the former…
Discount broking major Zerodha is preparing to enter the investment banking space, marking a significant expansion of its financial services portfolio as India’s capital markets continue to witness robust IPO activity.According to a report by Business Standard, Zerodha Corporate Advisors Private Li…
China, India, and Hong Kong have emerged as the only major stock markets worldwide where top companies account for a smaller share of market capitalisation than a year ago, underscoring their lag in the global AI race.In both China and India, the ten largest companies in each nation now account for…
Shares of Dr. Reddy's Laboratories, the Hyderabad-based drugmaker are trading with gains of 5% on Monday, June 29, despite the United States Food and Drug Administration issuing seven observations to its biologics manufacturing facility at Bachupally in Hyderabad.This is the sixth straight day of g…
Shares of Turtlemint Fintech Solutions Ltd. made a weak debut on Dalal Street on Monday, June 29. The stock listed at ₹134.90 on the NSE, an 11.25% discount to its issue price of ₹152. On the BSE, it debuted at ₹136.20, also below the issue price.Ahead of its debut, the company's grey market premiu…
Shares of Puravankara Ltd. gained in early trade on Monday, June 29, after the company said it has entered a joint development agreement for a 6.4 acre land parcel in Sarjapur, Bengaluru with a potential gross domestic value of ₹1,000 crore.The project has a saleable area of approximately 0.8 milli…
The Indian rupee opened at 94.35 against the US dollar on Monday (June 29), compared with Thursday’s (June 25's) close of 94.40, as easing concerns over oil prices supported Asian currencies despite renewed hostilities between the United States and Iran.The rupee traded within a 94.15–94.92 range l…
Nomura has initiated coverage on India's non-life insurance sector with a bullish stance on health insurers, assigning 'Buy' ratings to Star Health and Allied Insurance Company and Niva Bupa Health Insurance Company.The brokerage has set a target price of ₹675 for Star Health and ₹105 for Niva Bupa…
