Latest Updates Around The World
Shares of cigarette makers ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd rose up to 12% after media reports showed companies have hiked prices to pass on higher costs to consumers. The price increases are intended to offset the recent excise tax increase, reducing the expected EBIT decline to around 2%, compared to […]
ITC shareholders have seen nearly Rs 1 lakh crore wiped off the company’s market value in about a month, as the stock corrected nearly 20% after a sharp hike in cigarette tax announced in late December. The sell-off has made one of India’s most widely held defensive stocks a major Budget talking point, with investors […]
With the Union Budget just a day away, sharp moves in defense stocks and changing sector dynamics are making investors more selective, said market expert Sandip Sabharwal. Speaking to ET Now, Sabharwal emphasized that while the defense theme remains structurally strong, stock selection will be crucial going forward.He said the defense sector has gone through […]
The stock markets are gearing up for an eventful week in which key factors such as quarterly earnings of companies, the US Fed’s interest rate decision and the upcoming Union Budget 2026-27 will be in the spotlight, analysts said.The stock markets would be closed on Monday for Republic Day. Moreover, the trading activities of foreign […]
ITC Hotels reported a 77% jump in consolidated net profit to Rs 235 crore for the quarter ended December 31, 2025 on Tuesday, compared to Rs 133 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the parent company. The company’s operating revenue rose 47% to Rs 1,231 […]
Rajat Sharma, Founder and CEO of Sana Securities, shared a value-driven, selective investment outlook across banking, IT, defense and FMCG sectors, emphasizing long-term valuations and fundamentals over short-term momentum.On the banking and financial sector, Sharma said in an interview with ETNow that he believes the recent pullback in major private banks like HDFC Bank and […]
Binances State of the Blockchain 2025 The annual report outlined key trends and growth indicators in regulatory, liquidity, Web3 discovery, institutional adoption, user protection, and real-world crypto usage.The report highlighted two major milestones that occurred almost back-to-back towards the end of 2025: Binance became the first crypto exchange to receive full authorization under the Financial […]
WazirX has completed the allocation of recovery tokens to all eligible users under the court-approved scheme. Following the platform’s restart on October 24, WazirX successfully distributed approximately 85% of the rebalanced net liquid platform assets to eligible users within 10 business days, as outlined in the arrangement, according to a press release.The allocation of recovery […]
Indian shares closed lower on Tuesday, with the Sensex and Nifty retreating from record levels after heavyweight stocks HDFC Bank and Reliance Industries weighed on benchmarks and investors booked profits after a recent rally.The BSE Sensex fell 376.28 points, or 0.44%, to close at 85,063.34, while the NSE Nifty 50 fell 71.6 points, or 0.27%, […]
According to Sandip Sabharwal, founder of askandipsabharwal.com, the strong credit growth reported by leading banks in the December quarter points to an improving economic cycle, even as select consumer and retail sectors face challenges in the near term.Speaking to ET Now, Sabharwal said double-digit loan growth at most major banks reflects rising economic activity after […]
