Latest Updates Around The World
Citigroup reported a rise in third-quarter profit as all its divisions generated record revenue, sending the bank’s shares up about 1% in pre-bell trading. Citi and its peers benefited from a rebound in activity in the third quarter as companies struck mega-deals despite uncertainty over US President Donald Trump’s tariff policies. Net income in the […]
Tata Motors’ commercial vehicles business, which includes trucks and buses, has been valued at around Rs 260.75 per share after the company’s much-anticipated demerger. The figure is derived from the pre-demerger closing price of Rs 660.75 and the opening price of Rs 400 for the parent company, now renamed Tata Motors Passenger Vehicles Ltd, and […]
The rupee devalued by 12 paise to hit an all-time low of 88.80 (provisional) against the US dollar again on Tuesday, pressured by negative domestic equities and overnight gains in the US currency. Forex traders said the outflow of foreign funds in a risk-avoidance situation has further dented investor sentiment globally. However, a decline in […]
Indian benchmark indices Sensex and Nifty reversed early gains to close lower for a second straight session on Tuesday, with a pullback in the financial sector weighing on sentiment. Meanwhile, LG Electronics India, despite not being part of the indices, made a blockbuster debut, with a 50% premium to its issue price, the strongest market […]
Winro Commercial India today struck gold in the stock market, posting a daily profit of Rs 2.15 crore on LG Electronics India’s blockbuster listing. The smallcap company, with a market cap of just Rs 30.26 crore, turned its IPO investment from Rs 4.27 crore (37,482 allotted shares) into Rs 6.42 crore within hours of listing […]
As the holidays approach, market sentiment appears cautiously optimistic. Despite benchmark indices remaining within range, there is a growing sense that the economy could quickly regain its rhythm. In an exclusive conversation with ET NowHiren Ved, director and CIO at Alchemy Capital, acknowledged that the past year has been challenging for the markets. “The markets […]
Private lender Axis Bank is likely to post a 19% year-on-year decline in profit after tax (PAT) for the September quarter, according to the average of six broker estimates, as higher funding costs, subdued loan yields and higher operating costs weigh on performance. The lender’s net interest income (NII) – a key measure of core […]
With inflation remaining well within the Reserve Bank of India’s (RBI) target, market experts are debating whether interest rate cuts are in the offing. However, experts suggest that the central bank may prefer to tread carefully and balance growth momentum with evolving price trends. Speaking to ET Now, Indranil Pan, Chief Economist, Yes Bank, shared […]
Shares of newly listed Tata Capital are likely to be in the spotlight on Tuesday after the non-banking finance company made a solid but measured debut on Monday, trading 1.23% above its issue price and closing 1.4% higher on its first day of trading. Despite the muted start, analysts from Emkay Global and JM Financial […]
