Latest Updates Around The World
Tenneco Clean Air India Ltd., a unit of the U.S.-based auto parts maker, is planning an initial public offering next month that could raise about 30 billion rupees ($342 million), according to people familiar with the matter. The supplier of emissions control systems to Indian automakers has started roadshows for investors, seeking a valuation of […]
Gold has performed spectacularly between Dhanteras 2024 and Dhanteras 2025, not only hitting multiple all-time highs but also recording some of the strongest annual returns in more than half a decade. Thanks to macroeconomic uncertainty, festive demand and central bank accumulation, the precious metal has seen sharp appreciation both globally and in Indian markets. Dhanteras-to-Dhanteras […]
Goldman Sachs has turned bullish on Indian banking stocks, saying easing financial conditions, low earnings expectations, improving profitability and attractive valuations are paving the way for a strong recovery. The brokerage expects Nifty Bank to outperform the broader market, with banks and NBFCs offering up to 30% upside from current levels. 1. Easier financial conditions […]
Mattress maker Duroflex has filed preliminary papers with capital markets regulator Sebi to raise money through an initial public offering (IPO), comprising a fresh issue of shares worth Rs 183.6 crore. Apart from the fresh issue, there is an offer for sale (OFS) of over 2.25 crore shares by promoters and existing investors, according to […]
According to analysts, shares of Jio Financial Services (JFSL) are seeing a build-up of bullish momentum ahead of its second quarter (Q2 FY26) results. The stock is consolidating above the support zone of Rs 300-Rs 310 with traders expecting a positive surprise on the earnings front. Analysts said the price action signals steady accumulation and […]
Shares of HDB Financial Services are expected to be in the spotlight on Thursday, October 16, after the company reported a 2% year-on-year (year-on-year) increase in net profit for the July-September quarter. The company posted a profit after tax (PAT) of Rs 581 crore in Q2FY26, compared to Rs 571 crore in the corresponding period […]
The S&P 500 finished higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, as investors continued to focus on the recent increase in trade tensions between China and the US. Shares of Morgan Stanley rose 4.7% to a record high, while Bank of America rose 4.4% after major lenders […]
Mumbai: Torrent Pharmaceuticals is preparing a ₹14,000 crore bond sale to fund its bid for JB Chemicals & Pharmaceuticals, people familiar with the matter told ET. This is one of the largest sponsor-funded financings in the Indian pharmaceutical sector this year. Ahmedabad-based Torrent is in talks with HSBC, Standard Chartered Bank and Barclays for the […]
Mumbai: Private sector lender Axis Bank on Wednesday reported a 26% decline in net profit for the September quarter to ₹5,090 crore due to a one-time impact on standard asset provision. A poll of analysts by Bloomberg had estimated net profit at ₹5,838 crore. The lender had reported a net profit of ₹6,918 crore in […]
Markets regulator Securities and Exchange Board of India (Sebi) on Wednesday barred eight people from accessing the capital markets after allegedly finding them indulging in insider trading related to the shares of Indian Energy Exchange (IEX), leading to illegal gains of over Rs 173 crore. Those named in the order are Bhoovan Singh, Amar Jit […]
