US chipmaker Nvidia Corporation, the first company to reach a $4 trillion market valuation, is now so large that a mere 5% rise in its stock price would make it more valuable than the entire Indian economy. The IMF has estimated India’s GDP at $4.2 trillion and expects it to touch $4.27 trillion by the…
READ MOREThe earnings bloodbath may finally be ending. As TCS fires the starting gun on Q1 results season today, market veterans are calling time on the brutal downgrade cycle that has plagued earnings expectations for quarters, with midcaps emerging as the heroes of the season. This is the “crossover quarter” that could change everything. After months…
READ MOREShares of power financing PSUs REC Ltd and Power Finance Corporation (PFC) climbed up to 3% on Thursday after Morgan Stanley initiated coverage on the two stocks with an ‘overweight’ rating, citing attractive valuations, robust loan growth, and stable asset quality. The global brokerage has set a price target of Rs 485 for REC and…
READ MOREAshok Leyland shares rose nearly 2% to Rs 254.80 on Thursday after the company announced the record date for its 1:1 bonus share issue. In an exchange filing on Wednesday, the commercial vehicle maker said July 16 has been fixed as the record date to determine eligible shareholders. The company also stated that the deemed…
READ MOREShares of PC Jeweller climbed as much as 5.2% on Wednesday to Rs 18.90 on BSE after the company announced that its board will meet on July 10 to consider a fundraising proposal. The Delhi-based jeweller, which manufactures and sells gold, diamond-studded jewellery, and silver items, informed the exchanges that its board would consider raising…
READ MOREICICI Bank, in a disclosure to the stock exchanges on Wednesday, announced its plans to buy an additional 2% stake in its subsidiary ICICI Prudential Asset Management Company (AMC), ahead of the latter’s initial public offering (IPO). ICICI Prudential AMC has submitted its Draft Red Herring Prospectus (DRHP) dated July 8, 2025, to the Securities…
READ MOREKeeping auspicious plants at home is widely believed to bring good luck and prosperity to the house or an office space. According to Vastu Shastra, as well as Feng Shui, the lucky bamboo plant can help create a positive environment if placed in the right direction. Besides, the long green stalks of bamboo look visually appealing…
READ MOREWeWork India Management Limited, a leading player in India’s premium flexible workspace segment, plans to raise up to Rs 4,000 crore through an initial public offering (IPO), according to sources.The IPO, as detailed in the DOD, will be an offer for sale (OFS) comprising up to 43,753,952 equity shares. The OFS will see Embassy Buildcon…
READ MOREIn a bold contrarian move, global brokerage Jefferies is telling clients to buy into the carnage gripping India’s consumer sector, handpicking three “fallen angels” that have been crushed by weak demand, margin pressure, and fierce competition. The firm has identified Varun Beverages, Hindustan Unilever, and Asian Paints as its top contra bets for the next…
READ MOREShares of Union Bank of India declined by nearly 5.5% on Wednesday, July 9, slipping to Rs 141.85, after the public sector lender released its Q1FY26 business update. The market reaction followed concerns over quarter-on-quarter (QoQ) declines in key performance metrics, particularly in deposit and loan growth. In its filing to the stock exchanges on…
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