Latest Updates Around The World
Air conditioning manufacturer and technical services provider Voltas Ltd on Thursday reported a 76.28 per cent decline in consolidated net profit to Rs 31.5 crore for the September quarter of FY26, as a subdued summer season and GST-related demand deferment weighed on its cooling business.According to a regulatory filing by the Tata Group firm, it […]
Nippon Life India Asset Management (NAMI) and DWS Group today announced that both companies have entered into a Memorandum of Understanding (MoU). Under the MoU, DWS plans to invest in Nippon Life India AIF Management (NIAIF) to further scale Nippon India’s Alternatives business. With nearly $1 billion in commitments and a proven track record of […]
The rupee consolidated within a narrow range and settled 6 paise lower at 88.68 (provisional) against the US dollar on Thursday as foreign fund outflows and continued demand for dollars from local importers, including oil companies, put pressure on the local currency.Forex traders said the rupee is trading in a tight range as overnight decline […]
Now that the 43-day government shutdown is over, market experts remain cautious about what lies ahead. Ed Yardeni of Yardeni Research thinks the turbulence in Washington will continue to fuel uncertainty, but investors have learned to live with it.“Washington remains a source of volatility and uncertainty. Policymaking has certainly been like this all year and […]
Japan’s Nikkei stock average rose slightly on Thursday after the historic US government shutdown ended, while the broader Topix index hit a record high in closing value buying. The Nikkei rose 0.43% to close at 51,281.83. The Topix rose 0.67% to an all-time high of 3,381.72, extending gains to a fourth session. US President Donald […]
In January 2021, when conglomerate Aditya Birla Group announced its grand entry into the stable paint industry with a huge capital investment that was subsequently increased to Rs 10,000 crore, the clear target was market leader Asian Paints, which dominated more than half the market share in decorative paints. Analysts then started calling this the […]
Tenneco Clean Air India’s Rs 3,600-crore IPO entered its second day of subscription after being 42% subscribed on day 1. The issue received bids of Rs 2.77 crore against 6.66 crore shares on offer.The IPO has generated strong interest in the gray market, with the gray market premium (GMP) rising to around 21.5%, up from […]
Bajaj Finance, the fastest gainer in the past year, shocked investors on Tuesday, falling 7% after it cut the company’s growth expectations in light of stress in the SME and captive 2W/3W segments. The stock has received mixed reviews from top brokers, leaving investors in a tight spot and wondering whether the momentum will hold […]
The Tenneco Clean Air India IPO has arrived with something the market has been asking for all year: reasonable pricing for a profitable, large-scale auto components business. The size of the offer is Rs 3,600 crore, entirely an offer for sale, in a price range of Rs 378-397 per share, with a proposed listing on […]
Mahindra & Mahindra (M&M) shares will be in the spotlight on Thursday, November 13, following the company’s announcement of a joint venture agreement with The Manufacturers Life Insurance Company (Manulife) to establish a 50:50 life insurance joint venture in India.The agreement was approved by M&M’s Board of Directors on November 12 and executed the same […]
