HDFC ERGO General Insurance elevates Parthanil Ghosh as MD & CEO; to take charge from April 16
HDFC ERGO General Insurance has elevated Parthanil Ghosh as MD & CEO, effective April 16, subject to regulatory approvals, succeeding Anuj Tyagi.
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Trade Setup for March 12: Nifty’s recent low of 23,697 crucial after another day of sell-off
The near-term trend for the Nifty appears to have turned negative after the recent rebound. Analysts expect the index to slip below the recent swing low of 23,697 in the short term.
IT stocks risk further derating if…: HSBC lists key triggers
IT stocks have already seen a valuation reset and HSBC India’s Yogesh Agarwal says the next phase will hinge on these crucial factors.
Stock Market Fall: India’s three largest lenders wipe out nearly ₹50,000 crore in market cap
None of the 45-50 analysts who have coverage on HDFC Bank, ICICI Bank or SBI, have a “sell” rating on the stock. HDFC Bank has lost over ₹25,000 crore in market cap today.
Polycab warns of mid-single digit near-term volume growth but medium-term outlook positive
Nirmal Bang cited an interaction with the management of Polycab, who highlighted that the demand for wires and cables remains strong across multiple end-user industries, supported by government infrastructure spending.
Financials remain strong despite volatility; defence a long-term play: Invasset
Anirudh Garg, Partner & Head of Research at Invasset, says financials remain one of the strongest sectors despite recent volatility, with PSU banks, newer private banks and NBFCs better placed due to healthier balance sheets. He believes crude price spikes…
Adani Total Gas shares hit 20% upper circuit; Co flags gas curbs due to West Asia war
Adani Total Gas Ltd faced supply cuts from gas suppliers due to West Asia tensions, impacting industrial customers. Shares rose 18.87% to ₹561.60.
Explained — How Bajaj Finance, Shriram Finance could be the most impacted if RBI changes this rule
While private sector banks in India have a cap of 15 years for EDs on the board, as well as an age cap of 70 years, along with the need to seek RBI approval for their compensation, NBFCs do not…
Colgate-Palmolive shares fall 7%, most in nine months — Here are some key concerns and triggers
ICICI Securities has the lowest price target of ₹1,800 per share on Colgate-Palmolive, implying a potential downside of 18%, while Nuvama has the highest price target of ₹2,740 per share, indicating an upside potential of 24.6%.
India GAIL buys Oman LNG cargo, sources say
GAIL has bought an Omani liquefied natural gas cargo to meet India’s demand, scheduled to arrive around March 15 on the vessel Orion Hugo. India imports half of its 195 mmscmd gas consumption.