Marc Franklin, Deputy Head of Multi Asset Solutions-Asia at Manulife Investments, says markets welcomed signals that the conflict may not be prolonged, easing fears after the recent oil price spike. However, investors remain cautious amid persistent geopolitical risks. He expects…
ideaForge Technology Ind Inc launched a drone flight-test training for NATO at NTPS in the US, with participants from various international air forces and navies.
At the end of the December quarter, the HDFC Capital Fund held 8.8% stake in the company. Meanwhile, Godrej did not hold any previous stake in the firm, as per data available in the stock exchanges.,
Nifty could remain in a consolidation phase for the next three months, with 23,800 acting as a key support level, according to Laurence Balanco of CLSA. He said the index has held this support so far, which remains constructive for…
Brokerage firm Jefferies has a ‘buy’ rating on Amber Enterprises with a price target of ₹9,120 per share, an upside of 24.6% from its previous close.
With the new project, Raymond Realty said its gross development value of its real estate projects will be close to ₹43,000 crore, it said.
Life insurers reported strong February numbers. Axis Max Life’s premiums rose 30%, Canara HSBC Life’s jumped 52%, and LIC’s increased 24%. HDFC Life saw a 3% decline.
Indian equities downturn since September 2024 impacted mutual funds. Large-cap funds fell 6.98%, flexi-cap funds declined 8.67%. Motilal Oswal Large Cap Fund had the smallest decline at -1.16%. Samco Flexi Cap Fund dropped 23.38%.
HSBC said that Meesho’s longer-term valuation will depend on the company’s ability to monetise customer data beyond its core e-commerce business.
Motilal Oswal said that the current West Asia conflict is likely to drive higher global defence spending as nations will prioritise security and military preparedness. It added that India’s defence sector is well positioned to benefit from both rising domestic…