State Bank of India (SBI) exceeded profit forecasts, posting a 28% surge to reach Rs 18,331 crore. This robust performance, driven by a 5% rise in net interest income, prompted several analysts to maintain positive ratings on the stock, with some raising…

LKP Securities has set a target price of Rs 4070 for Larsen & Toubro Ltd. The brokerage firm recommends buying shares in the company. Analysts believe the company's stock price could reach the target within a year. Larsen & Toubro reported strong financial…

Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled from the year's low of $38,505 it hit on Jan. 23. It was last at $80,829 in Asian hours having touched a record high $81,464 earlier in the session.

The Income Tax Department has issued notices to taxpayers for the 2021-22 and 2022-23 assessment years, targeting fraudulent refund claims involving bogus expenses and medical deductions.

Maruti Suzuki’s new Dzire, its safest compact sedan with six airbags and a five-star NCAP rating, marks a shift in focus towards private buyers, excluding fleet operators from this latest offering.

The net profit of Hindustan Coca-Cola Beverages Ltd, the bottling arm of Coca-Cola in India, soared three-fold to Rs 2,808.31 crore in FY24, the company said in its filing to the RoC (Registrar of Companies). Its revenue from operations also went up 10.10…

Food delivery giant Swiggy is set to debut on the stock market on Wednesday with a muted outlook. Despite a respectable overall subscription rate, investor interest was lukewarm, leading to predictions of a flat or even negative listing.

Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at…

Since the announcement of stimulus in China, India has underperformed EM by ~7%. Despite the underperformance India still screens expensive (down to 70% premium to EM – vs 10 year average of 35%). Of course – this misses the fact that the growth profile for…

Sebi on Tuesday slapped fines totalling Rs 12 lakh on seven entities, including LCC Infotech and its promoters -- Kirti Lakhotia, Sidharth and Pratik Lakhotia -- for misrepresenting the financial statements of the company.

To facilitate ease of onboarding of Foreign Portfolio Investors and reduce duplication of available information, markets regulator Sebi on Tuesday said applicants can choose to fill either the entire Common Application Form (CAF) or an abridged version with…

Sharp declines in Asian stocks, especially in China and semiconductor shares, amid concerns over Trump’s policies. Meanwhile, optimism around Trump’s potential tax cuts pushed Bitcoin to a record high of $89,637.

Shares in Samsung Electronics fell on Wednesday to their lowest level in more than four years.

Second attractiveness of the Chinese market (sub 10x 12m F PE) compared to India at (23x12m F P/E) and obviously US election positioning (EM to DM shift) has led to macro uncertainty for FII.

Nomura is optimistic about Hyundai's ability to capitalise on new capacity and expects upcoming model launches to drive growth over the next few years.

Brigade Enterprises' Ebitda was down 10% to Rs 292 crore in the September quarter.

Greaves Cotton Ltd. reduces net loss, CFO highlights diversification strategy and growth in Electric Mobility, stock plunges.

Apollo Tyres reported a 37% decline in its consolidated net profit for the September 2024 quarter, reaching Rs 297 crore. The company attributed the decrease to weak demand in the Indian OEM segment and a surge in raw material costs. Despite this, revenue…

Dr. Reddy's Laboratories fined ₹27 lakh by Mexico's drug regulator for import filing deviation. Trading down 0.70%.

This move by NSE is in order to deepen market participation in equities and to enhance the price discovery.