Latest Updates Around The World
Jain Resource Recycling, Granules India and Shadowfax Technologies are among the companies that analysts have recently started covering with buy ratings. Based on their price targets, these stocks are expected to return between 25% and 41%.Recycling of Jain resources BAKERY: Motilal Oswal Financial Services Price Target: Rs 520 CMP: Rs 414 Upside: 25% Positioned for […]
Shares of India’s largest airline InterGlobe Aviation fell 5% to an intra-day low of Rs 4,293 on the NSE on Wednesday as the conflict between Iran and Israel intensified. The fall in IndiGo shares reflects concerns over possible revenue losses due to the geopolitical tensions.SpiceJet was hit even harder, falling 8% to an intraday low […]
Walmart-backed Indian fintech company PhonePe, the country’s most widely used payments platform, is targeting a valuation between $9 billion and $10.5 billion, two people with direct knowledge of the matter said.That suggests the IPO will raise about $900 million to $1.05 billion. But even at the high end, the deal would mark a cut from […]
Shares of Paras Defense rose as much as 11% to a daily high of Rs 750 on the BSE on Wednesday after the company announced that it had signed a Memorandum of Understanding (MoU) with Green Optics Co., Ltd., South Korea, to collaborate in optics and optical systems.Green Optics is engaged in the design and […]
Markets experienced a second straight session of sharp and erratic price swings after US and Israeli attacks on Iran last weekend heightened geopolitical tensions. A key concern for investors is the risk of disruption to the Strait of Hormuz, a vital chokepoint that carries about a fifth of the world’s oil supply. Any sustained disruption […]
Kansas City Federal Reserve President Jeffrey Schmid reiterated his opposition Tuesday to further rate cuts, arguing that inflation remains too high and the U.S. labor market is largely in equilibrium.In remarks to the Metro Denver Executive Club, Schmid said inflation has been above the Federal Reserve’s 2% target for nearly five years. He warned that […]
The Indian rupee, already Asia’s worst performing currency in FY26, lost 50 paise on Monday as Iranian attacks on major West Asian energy assets caused crude oil prices to rise by around 10% despite pledges from major global exporters to modestly increase production.The rupee closed below 91 to the dollar for the first time in […]
By Byron Kaye, Hollie Adams and Joanna PlucinskaLONDON/SYDNEY/HONG KONG, – Travel stocks tumbled on Monday as the escalating conflict between the US, Israel and Iran disrupted flights around the world, closed key hubs in the Middle East and sent oil prices soaring, with analysts warning of weeks of disruption ahead. Data shows that at least […]
In a bulk deal worth Rs 70 crore, Citigroup on Monday sold nearly 8.3 lakh shares of stock market debutant Clean Max Enviro Energy Solutions. The shares were sold at Rs 846.72 each, which marked a 20% discount on the issue price of Rs 1,053.Clean Max Enviro Energy Solutions made its market debut at Rs […]
A new federal approach that gives U.S. companies more control over which proposals shareholders can vote on at their annual meetings is creating regulatory uncertainty and fueling lawsuits, activists say. The U.S. Securities and Exchange Commission in November changed its traditional process for employees to opt out before a company rejects votes on shareholder proposals. […]
